CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF THE BOARD OF DIRECTORS OF NAXIS CO., LTD. HELD ON 1st NOVEMBER 2025 AT THE REGISTERED OFFICE OF THE COMPANY AT 42 OOHARA TODERA-CHOYU, SAKYOU-KU, KYOTO-SHI, KYOTO- FU, JAPAN AT WHERE PROPER QUORUM WAS PRESENT.
The meeting chairman informs that, BANGLADESH NAXIS CO. LTD., (Reg No. C-154959 Reg Date: 09-SEP-2019), took shot term loan amount of USD 700,000.00 equivalent to BDT 58,765,000.00 remitted on 02 MAR 2021. Since the company was unable to repay the loan, the company decided to convert the loan to equity. After a fruitful discussion of the above matter thoroughly, the board of directors resolved it unanimously that,
“RESOLVED THAT; The Board approved the conversion of the entire outstanding loan amount of BDT 58,765,000.00 into equity of Bangladesh NAXIS Co. Ltd. The Board also accept the allotment of 587,650 ordinary shares of BDT 100.00 each in Bangladesh NAXIS Co. Ltd. to NAXIS CO., LTD., Japan, against the loan amount.”
A copy of this resolution certified to be a true copy by the Director/Company Secretary be submitted to the authorities concerned for their records and necessary action.”
For and on behalf of,
🗸
_____________
ABC
Director
NAXIS CO., LTD.