Legal attitude: Art. 17 para. 1 MAR - confidential information. Br> The Management Board of APANET S.A. with its registered office in Wrocław ("Issuer", "Company") hereby informs that as a result of obtaining access to a part of the financial documentation of the Issuer and the Subsidiary APANET Green System sp. o.o. with its registered office in Wrocław ("Subsidiary") and after carrying out their preliminary analysis, as of November 8, 2017, identified the fact that regardless of remuneration for the function of the President of the Issuer's Management Board and regardless of remuneration under the employment contract with the Subsidiary In the period from January 2017 to September 2017, Mr. Andrzej Lis collected from the Subsidiary Company the total amount of PLN 450,000.00 (say: four hundred fifty thousand zlotys) net, which according to his explanation is the remuneration for performing the function of President of the Management Board of the Subsidiary . br> Payment of the above the amount occurred without the knowledge and consent of the Issuer's Supervisory Board and contrary to §22 para. 1) the Subsidiary Agreement, according to which the Management Board of the Subsidiary operates socially and receives no remuneration. The Shareholders' Meeting of the Subsidiary may adopt a resolution to establish a subsidiary employment relationship with the members of the Management Board of the Company under a contract of employment or choice, or to conclude a civil law contract with them. The company in the contracts with members of the Management Board is represented by a proxy appointed by the resolution of the General Meeting. In response to the question of the Issuer's Management Board about the basis for payment of remuneration, Mr. Andrzej pointed to the Resolution of the Shareholders' Meeting of the Subsidiary whose original copy or copy has not yet submitted. br> At the same time, according to the knowledge of the Issuer's Management Board, no contract was concluded between the subsidiary and Mr. Andrzej Lisa regarding the payment of remuneration in the abovementioned amount, and it should be noted that in accordance with §19 para. 2 lit. o) Issuer's Articles of Association, conclusion by the Company or its subsidiary of an agreement with a member of the Company's Management Board or with a significant shareholder holding at least 5% of shares or votes at the General Meeting of the Company and with related entities, including a contract of employment or civil law requires expression consent by the Supervisory Board of the Issuer. The Supervisory Board of the Company did not grant such consent, and Mr. Andrzej Lis, then the President of the Issuer's Management Board, never applied for it. In connection with the aboveThe Issuer's Management Board declares taking steps to ensure that Andrzej Lisa returns the amounts collected from the Subsidiary. Br> The Issuer's Management Board decided to publish the above information due to the fact that it may potentially have a significant impact on the valuation of the instruments financial statements of the Issuer listed on the Alternative Trading System on the NewConnect market. br>
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