1.             Listen to and approve the Board of Directors’ Report on the Company’s activity and its financial position for the fiscal year ended on 31/12/2019

Resolution:

The Board of Directors report regarding theCompany’s activities and its financial status for the year ending on 31December 2019 was approved by majority.  

2.             Listen to and approve the Auditor’s Report for the fiscal year ended on 31/12/2019

Resolution:

The auditor's report for the financial year ended 31 December 2019 was approved by majority.

3.             Discuss and approve the Company’s balance sheet and profit and loss account for the fiscal year ended on 31/12/2019

Resolution:

The balance sheet and the Company’s profit and loss for the financial year endingon 31 December 2019 was approved by majority.

4.             Discharge the members of the Board of Directors for the fiscal year ended on 31/12/2019.

Resolution:

It was approved by majority to discharge the members of the Board of Directors from their liability for the financial year ending on 31 December 2019.

5.             Discharge the auditors for the fiscal year ended on 31/12/2019

Resolution:

It was approved by majority toabsolve the auditors from their liability for the financial year ending on 31 December 2019.

6.             Appoint the auditors and determine their fees.

Resolution:

It was resolved by majority to reappoint Ernst and Young as the auditors of the Company for the financial year 2020 and the remuneration of the auditors was approved.

7.             Notify the shareholders about the latest developments in the investigations that the management is conducting on the previous executive management.

Shareholders were notified on the latest developments in the investigations that the management is conducting on the previous executive management.

8.             Notify shareholders of the latest developments related to the restructuring plan.

Shareholders were notified on the latest developments related to the restructuring plan.

9.             Approval of the proposal of the company’s Board of Directors with the aim of working to stimulate and improve the Company's liquidity and give it all the necessary powers to negotiate and appoint financing and collection consultants, investigators, law firms, debt collection companies andothers with experience and to negotiate and enter into all kinds of settlement,with natural and/or legal individual, to improve the position of the Company and its subsidiaries, secure liquidity as well as collect the debts of the Company and its subsidiaries inside and outside the United Arab Emirates whether by obtaining cash or in-kind money by streamlining the efforts and organizing them effectively according to what the Board deems appropriate and in the percentage of collection that it deems appropriate from the funds and assets that areprovided or collected according to the nature of the debt and the difficulty of collecting it and the necessary efforts and the Board also has the right togrant rewards to the company's employees who will contribute to collecting the debts of the company and its subsidiaries, as it deems appropriate.

Resolution

It was approvedby majority as indicated above.