Board resolution of Head office

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF THE BOARD OF DIRECTORS OF ASIA PROJECTS ENGINEERING PRIVATE LIMITED ON 2ND MARCH 2025 AT THE REGISTERED OFFICE OF THE COMPANY AT 32 PENJURU ROAD, JURONG, SINGAPORE 609136 AT WHERE PROPER QUORUM WAS PRESENT. The Chairman informed the Board that, the branch office of Bangladesh is rapidly growing and has renewed its office permission from BIDA (Ref No: OPE-07Aug2024-00002) effective dated 01.09.2024, he also informed that the branch office is generating income from the local source; a copy of which has been placed before the Board for its perusal. He further informed that the terms and conditions mentioned under Clause No.: 7 of the BIDA permission letter state that all operational, functional, and establishment costs including salaries of the expatriates and local employees in the branch office will be met on receipt of remittance from abroad. He then informed the Board that, as provided under condition No.: 9 of the said BIDA permission letter, it has been decided to make a necessary application with the Bangladesh Investment Development Authority for seeking exemption of the condition mentioned under Clause No-7 of the BIDA permission letter since the Company intends to meet all operational expenditure of the Branch office by the profits earned from its local business activities, he further placed the draft application before the Board for its perusal and approval. Accordingly, the Board discussed the matter in detail and its careful consideration, the following Resolution was passed unanimously. “RESOLVED THAT; in accordance with the applicable laws in pursuance of condition No.: 9 of the BIDA permission letter issued by the Bangladesh Investment Development Authority, the company do make necessary application with the Bangladesh Investment Development Authority for seeking exemption from the condition mentioned under Clause No.: 7 of the BIDA Permission letter.” “RESOLVED FURTHER THAT; a copy of this resolution certified to be true copy by the Director/Company Secretary be submitted to the authorities concerned for their records and necessary action.” For Asia Projects Engineering Private Limited (APECO) 🗸 _________________ Kazuhiro Nishioka Director of the Company