GL events Exhibitions SAS, Germany branch

Düsseldorf

Befreiender Jahresabschluss zum Geschäftsjahr vom 01.01.2022 bis zum 31.12.2022

GL events Exhibitions SAS

Lyon/Frankreich

Statutory Auditor's report on the financial statements For the year ended December 31 ^st 2022

This is a translation into English of the statutory auditors' report on the financial statements of the Company issued in French and it is provided solely for the convenience of English speaking users.

This statutory auditors' report includes information required by European regulation and French law, such as information about the appointment of the statutory auditors or verification of the management report and other documents provided to shareholders.

This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France.

GL events Exhibitions

Société par actions simplifiée à associé unique

RCS Lyon 879 428 258

Statutory Auditor's report on the financial statements For the year ended December 31 ^st , 2022

To the sole shareholder of GL events Exhibitions,

Opinion

In compliance with the engagement entrusted to us by your statutes, we have audited the accompanying financial statements of GL events Exhibitions for the year ended December 31 ^st , 2022.

In our opinion, the financial statements give a true and fair view of the assets and liabilities and of the financial position of the Company as at December 31 ^st , 2022 and of the results of its operations for the year then ended in accordance with French accounting principles.

Basis for opinion

Audit Framework

We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Our responsibilities under those standards are further described in the Statutory Auditor's section of our report.

Independence

We conducted our audit engagement in compliance with independence requirements of rules required by the French Commercial Code (code de commerce) and the French Code of Ethics (code de déontologie) for statutory auditors for the period from January 1 ^st ,2022 to the date of our report.

Justification of Assessments

In accordance with the requirements of Articles L.823-9 and R.823-7 of the French Commercial Code (code de commerce) relating to the justification of our assessments, we inform you of the following matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period, as well as how we addressed those risks.

A significant part of your company's fixed assets consists of equity interests. These equity interests are valued in accordance with the method described in the paragraph of the notes to the financial statements relating to " Long-term investments and loans". Our work consisted in assessing the factors taken into consideration in estimating the value of these equity interests. As part of our assessment, we verified the appropriateness of the approach adopted, as well as the overall consistency of the assumptions used and the resulting valuations.

These matters were addressed in the context of our audit of the financial statements as a whole, approved in the aforementioned context, and in forming our opinion thereon, and we do not provide a separate opinion on specific items of the financial statements.

Specific Verifications

We have also performed, in accordance with professional standards applicable in France, the specific verifications required by French law and regulations.

Information given in the management report and in the other documents with respect to the financial position and the financial statements provided to the sole shareholder.

We have no matters to report as to the fair presentation and the consistency with the financial statements of the information given in the management report of Chairman and in the other documents with respect to the financial position and the financial statements provided to the sole shareholder.

In accordance with French law, we report to you that the information relating to payment times referred to in Article D.441-6 of the French Commercial Code (code de commerce) is fairly presented and consistent with the financial statements.

Responsibilities of Management and Those Charged with Governance for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with French accounting principles and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless it is expected to liquidate the Company or to cease operations.

The financial statements were approved by the Chairman.

Statutory Auditor's Responsibilities for the Audit of the Financial Statements

Our role is to issue a report on the financial statements. Our objective is to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with professional standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As specified in Article L.823-10-1 of the French Commercial Code (code de commerce), our statutory audit does not include assurance on the viability of the Company or the quality of management of the affairs of the Company.

As part of an audit conducted in accordance with professional standards applicable in France, the statutory auditor exercises professional judgment throughout the audit and furthermore:

•	Identifies and assesses the risks of material misstatement of the financial statements, whether due to fraud or error, designs and performs audit procedures responsive to those risks, and obtains audit evidence considered to be sufficient and appropriate to provide a basis for his opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
•	Obtains an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
•	Evaluates the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management in the financial statements.
•	Assesses the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. This assessment is based on the audit evidence obtained up to the date of his audit report. However, future events or conditions may cause the Company to cease to continue as a going concern. If the statutory auditor concludes that a material uncertainty exists, there is a
•	requirement to draw attention in the audit report to the related disclosures in the financial statements or, if such disclosures are not provided or inadequate, to modify the opinion expressed therein.
•	Evaluates the overall presentation of the financial statements and assesses whether these statements represent the underlying transactions and events in a manner that achieves fair presentation.

The Statutory Auditor

Lyon, April 6th, 2023

Mazars

Emmanuel Charnavel

PART ONE - PARENT COMPANY FINANCIAL STATEMENTS

I. BALANCE SHEET ASSETS

Item	31/12/2022			31/12/2021
	Gross	Amort./Depr.	Net	Net
Preliminary and development expenses	-	-	-	-
Concessions, patents and similar rights	5,430	4,289	1,141	2,445
Goodwill	7,500	7,500	-	-
Other intangible fixed assets	-	-	-	-
Advances on intangible fixed assets	-	-	-	-
Intangible fixed assets	12,930	11,789	1,141	2,445
Land	-	-	-	-
Buildings	-	-	-	-
Plant and equipment	-	-	-	-
Other tangible fixed assets	26,012	13,713	12,300	6,575
Fixed assets in progress	-	-	-	-
Payments on account	-	-	-	-
Tangible fixed assets	26,012	13,713	12,300	6,575
Other equity investments	235,019,867	342,001	234,677,866	235,019,863
Receivables from controlled entities	-	-	-	-
Other long-term securities	-	-	-	-
Loans	-	-	-	-
Other long-term investments and loans	41,861	-	41,861	43,410
Long-term investments and loans	235,061,728	342,001	234,719,727	235,063,273
Total fixed assets	235,100,670	367,503	234,733,167	235,072,291
Raw materials, consumables	-	-	-	-
Work in progress	-	-	-	-
Intermediate and finished goods	-	-	-	-
Goods purchased for resale	-	-	-	-
Stocks	-	-	-	-
Payments on account paid	14,506	-	14,506	27,114
Trade receivables	1,577,322	-	1,577,321	2,005,482
Other receivables	26,093,755	-	26,093,755	19,075,702
Receivables	27,685,583	-	27,685,582	21,108,298
Short-term investments			-	-
Cash and cash equivalents	55,268	55,268		137,252
Cash and cash equivalents	55,268	-	55,268	137,252
Prepaid expenses	1,429		1,429	1,200
Total current assets	27,742,280	-	27,742,280	21,246,752
Loan issuance costs to be amortised			-	-
Unrealised foreign exchange losses	-			-
TOTAL	262,842,950	367,503	262,475,447	256,319,043

II. BALANCE SHEET - EQUITY & LIABILITIES

Item	31/12/2022	31/12/2021
Share capital	260,000,000	260,000,000
Additional paid-in capital
Statutory reserve
Reserves required by articles of association or contract
Regulated reserves
Retained earnings	- 4,766,359	- 989,388
Profit (loss) for the period	5,753,574	- 3,776,970
Investment grants
Regulated provisions
Total Shareholders' Equity	260,987,215	255,233,641
Provisions for liabilities
Provisions for charges
Total Provisions for Liabilities and Charges	-	-
Debentures
Amounts owed to credit institutions
Sundry long-term loans and liabilities
Financial liabilities	-	-
Payments on account received
Trade payables	793,831	353,939
Taxes and social security payable	694,401	731,462
Payables for fixed assets
Other debts	-	-
Operating liabilities	1,488,232	1,085,402
Deferred income
Total Debts	1,488,232	1,085,402
Unrealised foreign exchange gains	-	-
TOTAL	262,475,447	256,319,043

III. INCOME STATEMENT

Item	31/12/2022			31/12/2021
	France	Export	Total
Sales of goods			-	-
Production sold (goods)			-	-
Production sold (services)	1,767,157	1,324,922	3,092,079	1,750,636
Turnover	1,767,157	1,324,922	3,092,079	1,750,636
Increase in stocks of finished goods and work in progress
Own work capitalised
Operating subsidies			16,667	1,333
Amounts released from provisions for depreciation, amortisation, and diminution in value and expenses reallocated			6,349	95,956
Other income			1,157	5
Total Operating income			3,116,251	1,847,930
Purchase of goods
Change in stocks (goods for resale)
Purchases of raw materials and other consumables
Changes in stocks (raw materials and consumables)
Other external purchases and expenses			2,313,920	1,352,199
Taxes and similar payments			41,000	55,424
Wages and salaries			1,127,263	928,666
Social security costs			497,088	377,905
Other long-term securities
	On fixed assets	Amort./Depr.	6,721	5,699
Operating charges		Provisions
	On current assets	Provisions
	For liabilities and charges Provisions
Other expenses			39,034	51,309
Total operating expenses			4,025,026	2,771,201
OPERATING RESULT			- 908,775	- 923,271
Appropriated profit or transferred loss
Incurred loss or transferred profit
Financial income from equity interests			7,004,491	153,067
Income from other securities
Other interest and similar income
Amounts released from provisions and reallocated expenses			4	1
Positive foreign exchange differences
Net profits on disposals of short-term investments
Total financial income			7,004,495	153,068
Depreciation and amortisation charges and transfers to provisions - Financial			342,001
Interest and similar expenses			131	3,078,832
Negative foreign exchange differences			14	4,027
Net losses on disposals of short-term investments
Total financial expenses			342,146	3,082,859
FINANCIAL RESULT			6,662,349	- 2,929,791
RESULT BEFORE TAXES AND EXTRAORDINARY ITEMS			5,753,574	- 3,853,061
Extraordinary operating income
Extraordinary income on capital transactions			-	1
Amounts released from provisions and reallocated expenses			-	82,468
Total extraordinary income			-	82,469
Extraordinary operating expenses			-	1,378
Extraordinary expenses on capital transactions			-	5,000
Depreciation and amortisation charges and transfers to provisions - Extraordinary
Total extraordinary expenses			-	6,378
EXTRAORDINARY RESULT			-	76,091
Employee profit-sharing
Taxes on profits
TOTAL INCOME			10,120,746	2,083,468
TOTAL EXPENSES			4,367,172	5,860,438
PROFIT OR LOSS			5,753,574	- 3,776,970

PART TWO - NOTES TO THE CORPORATE FINANCIAL STATEMENTS

The fiscal year runs for 12 months, from 1 January 2022 to 31 December 2022.

The notes and tables presented below form an integral part of the financial statements and are expressed in euros.

I. KEY EVENTS

The Company saw an increase in its sales for the 2022 fiscal year: an increase of +1.3 million euros (or +76.6%) compared with 2021.

II. ACCOUNTING RULES AND METHODS

1. Valuation procedures and methods applied to the various balance sheet and income statement items

The annual financial statements for the period were prepared with the aim of presenting a true and fair view, respecting

•

The general principles of prudence, consistency, and fairness,

•

In accordance with the following basic assumptions:

―	Going concern,
―	Consistency of accounting methods from one period to the next,
―	Accounting period cut-off,

•

And in accordance with the provisions of ANC regulation n° 2020-05 of 24 July 2020 amending ANC regulation n° 2014-03 relating to the French general accounting system (Plan Comptable Général), and up to date with the various supplementary regulations at the date of preparation of the said annual financial statements.

The basic method used for the entry and valuation of assets is the historical cost method.

2. Intangible and tangible fixed assets

Intangible and tangible fixed assets are valued at their acquisition cost (purchase price and related costs).

Fixed assets are depreciated over their useful lives.

Depreciation charges are recognised in operating income.

a. Intangible fixed assets

Goodwill and merger goodwill are not depreciated.

At each balance sheet date, an impairment test is carried out; if there is an indication of impairment, a provision is recorded if the value in use is less than the carrying amount.

The most commonly applied depreciation periods are as follows:

Software

1 to 3 years

b. Tangible fixed assets

The most commonly applied depreciation periods are as follows:

Buildings	10 to 30 years
Technical installations	2 to 10 years
Industrial machinery and equipment	3 to 5 years
Transportation equipment	3 to 5 years
Office and computer equipment	10 years

3. Long-term investments and loans

Equity interests are valued at their acquisition cost.

A provision is recorded when the value in use of a security is less than its carrying amount. The value in use of companies is determined by taking into account the share of equity held, revalued where appropriate, and the outlook for development and earnings.

4. Receivables and payables

Operating receivables are assessed on a case-by-case basis. Depending on the risk involved, a provision for diminution of value is established for each of them.

Receivables and payables are measured at their nominal value.

Those denominated in unhedged currencies are valued at the last known exchange rate as of the balance sheet date.

The resulting differences are included in translation adjustments in assets or liabilities in the balance sheet. A provision is established to cover unrealised foreign exchange losses.

5. Short-term investments

Short-term investments are valued at the acquisition cost; a provision is recorded on 31 December in the event that the market price is lower than the acquisition cost.

6. Provisions for liabilities and charges

Provisions for liabilities and charges are recognised when there are perceived risks or hazards corresponding to the best estimate of the outflow of resources.

A Risk Committee meets before the annual financial statements are closed, to analyse the risk level of each dispute and decide on the level of provision to be recognised in the accounts.

7. Events after the closing

There have been no significant events since 31 December 2022, with the exception of the Company's acquisition of 51% of the capital of Première Vision SA on 27 January 2023. As a result, the Company now owns 100% of this subsidiary's capital.

III. NOTES TO THE BALANCE SHEET

1. Fixed assets

Fixed assets	Beginning gross value	Increases	Decreases	Ending gross value
Preliminary and development expenses	12,930			12,930
Merger goodwill / Goodwill	-	-		-
Other intangible fixed assets	-			-
Intangible fixed assets	12,930	-	-	12,930
Land and fixtures	-			-
Buildings on own land	-		-
Building improvements	-		-
Plant and equipment	-		-
Other improvements	-		-
Transportation equipment	-		-
Office and computer equipment	14,870	11,141	26,011
Packaging	-		-
Tangible fixed assets in progress	-		-
Payments on account	-		-
Tangible fixed assets	14,870	11,141	-	26,011
Equity interests	235,019,863	4	-	235,019,867
Other long-term securities	-	-		-
Loans and other long-term investments	43,410	1,548		41,862
Long-term investments and loans	235,063,272	4	1,548	235,061,728
Total fixed assets	235,091,072	11,146	1,548	235,100,670

2. Amort./Depr.

Amortisable/depreciable fixed assets	Depreciation at start of period	Increases	Decreases	Depreciation at end of period
Preliminary and development expenses	-			-
Other intangible fixed assets	2,986	1,304		4,289
Intangible fixed assets	2,986	1,304	-	4,289
Land and fixtures	-			-
Buildings on own land	-		-
Building improvements	-		-
Plant and equipment	-		-
Other improvements	-		-
Transportation equipment	-		-
Office and computer equipment	8,296	5,417	13,713
Packaging	-		-
Tangible fixed assets	8,296	5,417	-	13,713
Total depreciation	11,281	6,721	-	18,002

Expenses spread over several periods	Start of period	Increases	Decreases	End of period
Loan issuance costs to be amortised				-

3. Provisions

Nature	Start of period	Increases	Decreases	End of period
Additional tax-allowable depreciation reserves	-			-
Other regulated provisions	-			-
Total 1	-	-	-	-
Provisions for disputes	-			-
Provisions for foreign exchange losses	-	-
Other provisions for liabilities and charges	-	-
Total 2	-	-	-	-
Provisions on intangible fixed assets	7,500			7,500
Provisions on equity securities	-	342,001		342,001
Provisions on other long-term investments and loans	-			-
Provisions on stocks	-			-
Provisions on trade receivables	-	-	-	-
Other provisions for impairment	-			-
Total 3	7,500	342,001	-	349,501
Total	7,500	342,001	-	349,501
Operating charges and releases
Financial charges and releases	342,001
Extraordinary charges and releases

4. Receivables and payables

Receivables	Gross amount	1 year or less	Over 1 year
Receivables from controlled entities Loans
Other long-term investments and loans	41,861		41,861
Total 1	41,861	-	41,861
Doubtful or disputed debts Other trade receivables	1,577,322	1,577,322
Employees	144	144
Social security and other welfare institutions State - VAT	-117,713	-117,713
State - Other taxes State - Miscellaneous	3,398	3,398
Group undertaking and members	-25,949,481	-25,949,481
Sundry debtors	23,019	23,019
Total 2	27,671,077	27,671,077	-
Prepaid expenses	1,429	1,429
Total 3	1,429	1,429	-
Total	27,714,367	27,672,506	41,861

Payables	Gross amount	1 year or less	Between 1 and 5 years	5 or more years
Loans from lending institutions
Sundry long-term loans and liabilities
Total 1	-	-	-	-
Trade payables	793,831	793,831
Employees	193,316	193,316
Social security and other welfare institutions	241,992	241,992
State - Taxes on profits		-
State - VAT	241,976	241,976
State - Other taxes	17,116	17,116
Payables for fixed assets		-
Group undertaking and members	-	-
Other debts	-	-
Total 2	1,488,231	1,488,231	-	-
Deferred income
Total 3	-	-	-	-
Total	1,488,231	1,488,231	-	-

5. Components of the goodwill

Elements	Gross value	Net value
Contribution Concept	7,500	0
Total	7,500	0

At each balance sheet date, an impairment test is carried out; if there is an indication of impairment, a provision is recorded if the value in use is less than the carrying amount.

6. Stocks None

Nature	Gross value	Impairment	Net value
Raw materials			-
Work in progress			-
Finished products			-
Goods purchased for resale			-
Total	-	-	-

7. Details of prepaid expenses & deferred income

These items correspond to operating items relating to operations after the closing.

8. Details of accrued expenses

ACCRUED EXPENSES		Amount
Suppliers - Unpaid invoices		455,130
Customers - Discounts to be granted		-
Employees - Provisions for holiday pay		72,784
Employees - Provision for sundry premiums		5,205
Personnel - Provisions for social security charges on holiday pay		29,476
Personnel - Provisions for social security charges on sundry premiums		2,004
Employees - Employee profit-sharing		-
Employees - Other accrued expenses		137,236
State - Provision for payroll taxes		-
State - Regional Economic Contribution (CET) provision		3,277
State - Other accrued expenses		-
Accrued interest payable		-
Other accrued expenses
	Total	705,112

9. Details of accrued income

Accrued income	Amount
Customers - Invoices still to be issued	1,010,837
Suppliers - Discounts to be received	23,018
State - Subsidies to be received	-
Miscellaneous accrued income	5,856
Total	1,039,711

10. Details of expenses deferred over several years

None

11. Items in several balance sheet categories

Balance sheet items	Amount concerning
	related undertakings	undertakings with which the company is linked by a participating interest
Uncalled share capital	-	-
Advance payments on fixed assets	-	-
Equity interests	203,019,867	32,000,000
Receivables from controlled entities	-	-
Loans	-	-
Other long-term securities	-	-
Other long-term investments and loans	-	-
Payments on account paid	-	-
Trade receivables	1,534,206	-
Other receivables	25,966,091	-
Capital subscribed - called, not paid	-	-
Short-term investments	-	-
Sundry long-term loans and liabilities	-	-
Payments on account received	-	-
Trade payables	203,321	18,516
Liabilities on fixed assets	-	-
Other debts	-	-

12. Spreads of translation on debts and receivables in foreign currencies

None

13. Composition of share capital

Category	Nominal value	Number of shares
		Start of period	Created during period	Redeemed during period	End of period
Actions	€10	3,000	25,997,000		26,000,000

14. Subsidiaries and equity interests

Subsidiaries and equity interests	Shareholders' equity (€K)	Share of capital held (as %)	Profit (loss) of the last fiscal year ended (€K)
Subsidiaries (more than 50% owned)
GL EVENTS EXHIBITIONS INDUSTRIE	86,243	100.00%	6,764
GL EVENTS EXHIBITIONS CHILE	176	100.00%	556
GL EVENTS EXHIBITIONS OPERATIONS	15,060	100.00%	- 888
TRANOIEVENTS	- 2,531	90.00%	- 801
GL EVENTS EXHIBITIONS FUARCILIK	62	100.00%	- 84
Equity interests (between 10% and 50%)
PREMIERE VISION	38,097	49.00%	1,853

IV. NOTES TO THE INCOME STATEMENT

1. Extraordinary income and expenses

None

Details of extraordinary income and expenses	Expenses	Income
Fines and penalties	-
Disposal of fixed assets	-	-
Other	-	-
Total	-	-

2. Income tax breakdown table

Nature	Result before taxes	25% tax	Tax credits / adjustments	Elements taxed at a different rate	Net income
Profit on ordinary activities	5,753,574	-			5,753,574
Extraordinary result (excluding profit sharing)	-	-			-
Employee profit sharing	-				-
Pre-tax accounting profit	5,753,574	-	-	-	5,753,574

3. Sales breakdown table

Breakdown by business sector	Amount
Service-providing	2,841,260
Sales of derived products
Miscellaneous re-invoicing	250,819
Total	3,092,079

Breakdown by geographical area	Amount
France	1,767,157
Export	1,324,922
Total	3,092,079

4. Detail of transfers of expenses

Nature	Amount
Operating expense transfers	6,349
Financial expense transfers
Extraordinary expense transfers	-
Total	6,349

V. OTHER INFORMATION

1. Off-balance sheet commitments

Sureties and guarantees	Amount
Commitments given	62,860
- Pension commitments	62,860
- Other commitments given	-
Commitments received	-
- Other commitments received	-

2. Debts secured by collateral

None

3. Table of leases

None

4. Average headcount

Category	Headcount
Executives	16
Employees, Technicians and Supervisors (ETAM)	3
Workers	-
Total	19

5. Compensation of directors

This information is not provided as it would be tantamount to disclosing individual compensation.

6. Tax consolidation

The company's results are included in the tax consolidation scope of which GL events SA is the head company. The tax consolidation agreement between GL events SA and its subsidiaries provides for the calculation of the tax expense for each of the subsidiaries on the basis of the taxable income for the period without deducting any losses incurred during the period of membership in tax group. If the subsidiary leaves the group, it will be compensated for the savings that it contributed to the group.

7. Transactions with related parties

None

8. Other information

Identity of parent companies consolidating the company's accounts

Name	Form	Capital	Registered office
GL events	Public limited company (SA)	119,931,148 €	59 quai Rambaud - 69002 LYON

GL EVENTS EXHIBITIONS

Simplified joint-stock company (SAS) with capital of 260,000,000 euros

Registered office: 59, Quai Rambaud

69002 LYON

879 428 258 LYON TCR

MINUTES OF THE DECISIONS OF THE SOLE SHAREHOLDER OF 27 APRIL 2023

In the year two thousand and twenty-three,

On twenty-seven April,

At 8:30 AM,

GL events, Public limited company (SA) with capital of 119,931,148 euros, having its registered office at 59, quai Rambaud, 69002 LYON, registered in the Trade and Companies Register under number 351 571 757 LYON TCR,

Represented by _its Chairman and Chief Executive Officer, Mr. Olivier GINON,

Sole shareholder of GL EVENTS EXHIBITIONS (the "Company"),

In the presence of Mr. Olivier GINON, non-partner Chairman of the Company,

MAZARS, the Company's Statutory Auditor, has been duly informed of the decisions to be taken,

I - Whereas:

Mr. Olivier Ginon, non-partner Chairman, has prepared and approved the annual financial statements for the year ended 31 December 2022 and the management report on operations during the year.

These documents were made available to the Statutory Auditor at the Company's registered office within the legal deadlines.

The annual financial statements for the year ended 31 December 2022, the Chairman's management report and the Statutory Auditor's report on the annual financial statements have been sent to the Sole Shareholder.

II - Took the following decisions:

•	Chairman's management report,
•	Statutory Auditor's report on the annual financial statements,
•	Approval of the financial statements for the year ended 31 December 2022 and discharge of the Chairman and the Chief Executive Officer,
•	Approval of non-deductible expenses,
•	Appropriation of net profit for the year,
•	Agreements indicated in article L. 227-10 of the French Commercial Code,
•	Delegation of powers to carry out formalities.

FIRST DECISION

The Sole Shareholder, having reviewed the Chairman's management report and the Statutory Auditor's report on the annual financial statements, approves the annual financial statements for the year ended 31 December 2022, as well as the transactions reflected in these financial statements and summarised in these reports.

It therefore discharges the Chairman and the Chief Executive Officer in respect of the performance of their duties for the elapsed year.

Pursuant to article 223 quarter of the French General Tax Code, the Sole Shareholder approves the expenses and charges indicated in article 39-4 of the said Code, which amount to a total of 5,224 euros,

SECOND DECISION

The Sole Shareholder, on the recommendation of the Company Chairman, resolves to allocate the net accounting profit for the year ended 31 December 2022, which amounts to 5,753,574 euros, in the following manner:

Start of period	5,753,574 euros
To reconcile retained earnings	4,766,359 euros
Balance	987,215 euros
Statutory reserve	49,361 euros
The balance in the "retained earnings" account	937,854 euros

Taking into account this profit and its appropriation, the Company's shareholders' equity amounts to 260,987,215 euros.

In accordance with the law, the Sole Shareholder notes that no dividend has been distributed in respect of the previous three fiscal years.

THIRD DECISION

The Sole Shareholder declares that no agreement indicated in article L. 227-10 of the French Commercial Code was concluded during the elapsed year.

FOURTH DECISION

The Sole Shareholder confers full powers on the bearer of copies or extracts of these minutes in order to carry out all legal formalities.

The Sole Shareholder has drawn up and signed these minutes.

The Sole Shareholder
GL events

Represented by Mr. Olivier GINON