Legal basis
Art. 17 sec. 1 of MAR – confidential information.

The Board of Directors of Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. (Joint Stock Company) _ “the Issuer”, “the Company” _ hereby provides information that on July 22, 2020 it received information from the law firm representing the Company on the submission of a request to the District Court Gdańsk-Północ in Gdańsk, 8th Commercial Division of the National Court Register to repeal the entire decision of the above-mentioned Court of February 12, 2020 regarding the registration of the share capital increase issued as part of the authorized capital through the issue of series I shares, and to delete entry No. 75 made on the basis of the above-mentioned decision of the Court. The Issuer provided information about the registration by the Court of the increase of the Company’s share capital through the issue of series I shares in the current report No. 3/2020 of February 24, 2020.The said request to repeal the Court’s decision was submitted by the Company due to the identification of a legal defect related to the process of increasing and registering the share capital increase, which, in the Company’s opinion, must be certainly corrected. The above is due to the fact that the request on the basis of which the increase in the share capital was registered did not contain a resolution of the Management Board adopted in the form of a notarial deed. According to Art. 446 § 3 of the Act of September 15, 2000, Code of Commercial Companies Journal of Laws of 2019 item 505 with amendments, “CCC” a resolution of the management board on increasing the company’s share capital pursuant to Art. 444 of CCC shall be drawn up in a form of a notarial deed. Thus, the entry in the register of entrepreneurs kept for the Company was made without substantive legal basis.

Taking account of the above, the Issuer considered it necessary to submit a request to revoke the above-mentioned decision of the Court, and then to re-conduct the procedure of increasing the share capital within the authorized capital, in compliance with all applicable laws.

SIGNATURES OF PERSONS ACTING ON BEHALF OF THE COMPANY
Date Name and Surname Position/Function Signature 2020-07-22 Krzysztof Kosiorek-Sobolewski Chairman of the Management Board 2020-07-22 Marcin Garus Deputy Chairman of the Management Board