As of the listing of the Company, a Shareholders’ Nomination Board (“Nomination Board”) consisting of the largest shareholders of the Company (or persons appointed by such shareholders) has been established to operate, until abolished by the decision of the General Meeting of Shareholders of the Company, for preparing, annually, proposals concerning the election and the remuneration of the members of the Board to the following Annual General Meeting.
According to the charter of the Nomination Board, the Nomination Board consists of three (3) members. The members shall represent the Company’s three (3) largest shareholders. The Chairman of the Board acts as an expert member in the Nomination Board (the Chairman of the Board is not an official member of the Nomination Board and does not have any voting right, but he/she has the right to attend the meetings of the Nomination Board and receive the relevant material for such meetings). The term of the members of the Nomination Board shall end upon the appointment of the following Nomination Board.