Extract of Board Resolution - 2024

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF THE BOARD OF DIRECTORS OF YURTEC CORPORATION HELD ON 30TH OCTOBER 2024 AT THE REGISTERED OFFICE OF THE COMPANY AT 4-1-1 TSUTSUJIGAOKA, MIYAGINO-KU, SENDAI, MIYAGI 983-8622, JAPAN AT WHERE PROPER QUORUM WAS PRESENT. The board engaged in discussions regarding the Audited financial statement for the year ended 30th June 2024 of Yurtec Corporation (Bangladesh Branch Office) and considered the appointment of auditor, fixed the auditor’s remuneration for the year ended 30th June 2025. They addressed the submission of the Annual return to RJSC for the year ended 30th June 2024 and scrutinized the List of directors and managers of the company. Additionally, the application for Waiver of condition no. 7 & 8 of Bangladesh Investment Development Authority's permission No. OPE-15Oct2023-00002 Date: 08 November 2023 of the Bangladesh Branch Office. The Directors noted the importance of supporting the Branch's continued business growth and strengthening its capacity to capitalize on potential opportunities within Bangladesh. To achieve this, it was discussed that the Branch should explore ways of generating revenue locally to cover its day-to-day operating expenses. After deliberation, the Directors discussed seeking the application for a waiver of Condition No. 7 of BIDA permission of the Branch office in accordance with regulatory requirements. The Directors also considered the need for procuring plant, machinery and equipment to meet the business obligations and informed that the Branch has already obtained an Import Registration Certificate (IRC) from the prestigious office of the Controlling Officer of Imports and Exports (CCI&E). After deliberation, the Directors considered the possibility of the Branch needing to remit funds overseas for the purposes of operating the business and discussed seeking the application for a waiver of condition No. 8 of BIDA permission of the Branch office in accordance with regulatory requirements. After a fruitful discussion of the above matters thoroughly, the board of directors resolved it unanimously that, Agenda No – 01: “RESOLVED THAT; the audited Financial Statements of Yurtec Corporation (Bangladesh Branch Office) for the period ended 30th June 2024 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.” Agenda No – 02: “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.” Agenda No – 03: “RESOLVED THAT; the submission of Annual Return of Yurtec Corporation (Bangladesh Branch Office) for the period ended 30th June 2024 has been approved by the Board of Directors of the Company.” Agenda No – 04: “RESOLVED THAT; the List of Directors and Managers has been approved by the Board of Directors of the Company.” Agenda No – 05: “RESOLVED THAT; the decision of application for Waiver of condition No. 7 of Bangladesh Investment Development Authority's permission No. OPE-15Oct2023-00002 Date: 08 November 2023 of the Bangladesh Branch Office be hereby considered approved.” Agenda No – 06: “RESOLVED FURTHER THAT; the decision of application for Waiver of condition No. 8 of Bangladesh Investment Development Authority's permission No. OPE-15Oct2023-00002 Date: 08 November 2023 of the Bangladesh Branch Office be hereby considered approved.” Agenda No – 07: “RESOLVED THAT; 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.” √ ____________________ KOBAYASHI Ikumi Director Yurtec Corporation √ __________________ ONO Takeo Country Manager of Yurtec Corporation