Corporate Governance of ALTEO Nyrt.:

General Meeting

The ultimate decision-making body of ALTEO Nyrt., consisting of all shareholders. The General Meeting has the exclusive competence to make decisions as to the management and operation of the Company, including the amendment of the Articles of Association, change of the form of operation, the conversion or termination, without a legal successor, of the public limited company, the election of members of the Board of Directors and the Supervisory Board and the approval of the Company’s annual reports and accounts. The Board of Directors convene the General Meeting at least twice a year.

Board of Directors

The Company’s ultimate decision-making body is the Board of Directors consisting of 4 Members. The Members of the Board of Directors are the legal representatives of the Company. The Board of Directors coordinates and controls the ALTEO Group’s management, provides guidance and formulates the Company’s business and development plan. The Board of Directors includes at least three Members who are natural persons. The Board of Directors elects its own Chair from among its Members. The members of the Board of Directors are elected by the General Meeting for a fixed term.

Supervisory Board

The Supervisory Board (SB) monitors the activities of the ALTEO Group. SB Members have mandates until 03 April 2028.

The Audit Committee assists the Supervisory Board in monitoring the financial reporting system, appointing a permanent auditor and cooperating with the permanent auditor.

The Executive Board, consisting of 8 members, is responsible for operational management. The Executive Board’s responsibilities include the operational management of ALTEO Group in terms of the implementation of the strategy, cost-effective operation, provision of high-quality services, creating the conditions for health and safety at work and the protection of the environment, while ensuring compliance with existing legislation.

Our Company is required to appoint an auditor by law. The auditor’s responsibilities include ensuring that the audit required by the Accounting Act is executed, verifying that the Company’s accounts, prepared pursuant to the Accounting Act, are in conformity with the law and that they present a true and fair view of the financial position and operating earnings of the Company.

With energy in mind.