Board Resolution (2025)

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF BOARD OF DIRECTORS OF YURTEC CORPORATION AS ON 04TH SEPTEMBER 2025 AT 4-1-1, TSUTSUJIGAOKA, MIYAGINO-KU, SENDAI-SHI, MIYAGI -KEN, JAPAN 983-8622 THE REGISTERED OFFICE OF THE COMPANY AT WHICH PROPER QUORUM WERE PRESENT. The Board discussed and considered the two-year extension of the permission granted to YURTEC CORPORATION, Branch Office, Dhaka (BIDA Ref. No.: OPE-15Oct2023-00002), along with the application for waiver of Condition No. 7 of the BIDA permission letter, since the Branch Office generates profit locally and intends to utilize such profit to meet its operational expenditures in Bangladesh. The Board further reviewed and deliberated on the Audited Financial Statements for the year ended 30th June 2025 of Yurtec Corporation (Bangladesh Branch Office), including the appointment of Auditor and fixation of Auditor’s remuneration for the same period. The Board also addressed the submission of the Annual Return to the RJSC for the year ended 30th June 2025, and scrutinized the List of Directors and Managers of the Company. After due and thorough discussions, the Board unanimously resolved as follows: “RESOLVED THAT; Two years of the extension of the BIDA Permission (OPE-15Oct2023-00002) of the YURTEC CORPORATION, Branch Office, is hereby accepted with effect from 1st November 2025 to 31st October 2027.” “RESOLVED THAT; an application be made to the Bangladesh Investment Development Authority (BIDA) seeking exemption from Condition No. 7 of the official permission letter (OPE-15Oct2023-00002), since the Branch Office intends and is financially able to meet all operational expenditures from profits earned locally.” “RESOLVED THAT; The organization will make necessary arrangements for making an application to the Bangladesh Investment Development Authority (BIDA) for obtaining BIDA permission extension letter as well as to inform the relevant govt. authorities in Bangladesh e.g., Bangladesh Bank about the office permission extension.” “RESOLVED THAT; the audited Financial Statements of Yurtec Corporation (Bangladesh Branch Office) for the period ended 30th June 2025 with the notes to the Financial Statements for the same period along with the Auditor’s Report thereon, be and are hereby approved and adopted.”   “RESOLVED THAT; Ahamed Shamim & Co., Chartered Accountants is hereby appointed as the Auditors of the Company for the year 30th June 2025, and it is approved by the Board of Directors of the Company.”   “RESOLVED THAT; the submission of the Annual Return of Yurtec Corporation (Bangladesh Branch Office) for the year ended 30th June 2025 to the Registrar of Joint Stock Companies and Firms (RJSC) is hereby approved.”   “RESOLVED THAT; the List of Directors and Managers has been approved by the Board of Directors of the Company.”   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, YURTEC CORPORATION 🗸 _______________ Ikumi Kobayashi Representative Director