STATUTORY INTERNAL AUDIT OF PJSC AND A SET-UP OF AUDIT COMMITTEE OF THE BOARD OF DIRECTORS WITH EFFECT FROM 1 JULY 2020

Compliance with the legislative requirements for PJSC necessitates that:

the Board of Directors of PJSC adopt a by-law laying down internal control management and exercise policy (e.g., risk management policy);
A function entrusted with the exercise of internal control be set up;
the Board of Directors adopt regulations for Audit Committee of the Board of Directors;
Members of Audit Committee of the Board of Directors be elected at the Board of Directors meeting;
Adopt a resolution at the next Annual General Meeting not to set up the Internal Audit Commission and amend the Articles of Incorporation concerning such non-set-up of the Internal Audit Commission.