Current Report 24/2017

Only the Polish version of this document is legally binding.
This translation is provided for information only.
Every effort has been made to ensure the accuracy of this publication.

In relation to the announcement on 31 August 2017 of the Company's Extraordinary General Assembly (the "GA") at which it is planned to adopt a resolution on the amendment of the Statutes and a resolution on the adoption of the consolidated text of the Statutes, the Management Board of INPRO S.A. (the "Company") announces the current provisions of the Statutes, the wording of the proposed amendments and the proposed consolidated text of the Company' Statutes.

The planned amendments to the Company's Statutes comprise the following:

1)    amending § 10 par. 9 of the Company's Statutes in such manner that the dot after point "j" shall be replaced by a comma, after which new point "k" shall be added which shall read as follows:

               "adopt the By-Laws of the Audit Committee"

and

2)    instead of the current wording of §10 par. 19 of the Company's Statutes reading as follows:

“In the event that the Supervisory Board is appointed in the bench consisting of not more than 5 (five) members, and at least one of them is an independent member referred to in par. 12 and holds qualifications in accounting or financial revision, the Supervisory Board shall perform the tasks of the audit committee in corpore."

      it is planned to introduce the following new wording of § 10 par. 19:

"In a period when the Company's shares are quoted at the regulated market run by the Warsaw Stock Exchange or when it follows from the binding provisions of law or from a recommendation of the Supervisory Board, the Supervisory Board shall appoint, from among its members, the Audit Committee responsible for the supervision of the Company's financial matters. The detailed tasks and the way of operation of the Audit Committee shall be specified by the By-Laws of the Audit Committee adopted by the Supervisory Board."

No other changes of the Company's Statutes are planned.
The consolidated text of the Company's Statutes taking the proposed amendments identified in this report into account is attached to this report.

Detailed legal grounds: § 38 par. 1 item 2 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information submitted by the issuers of securities and on the conditions for regarding information required by the law of a non-member state as equivalent (Dz. U. [Journal of Laws] of 2009, No. 33, item 259 of 28 February 2009, as amended).