ANNUAL REPORT 2021

51 The members of the Supervisory Board had access to all necessary information when performing their supervision of the actions of the Board of Directors and the Company’s business activities. Most of its members participated in Board of Directors’ meetings and important workmeetings. The Chairman of the Supervisory Board was in daily contact with the members of the Board of Directors and was informed about all important facts and upcoming decisions. The Supervisory Board received up-to-date information on the business activities and financial situation of the Company and on cash flows, balance of its assets, liabilities and receivables. The outcome of the Supervisory Board’s supervisory activities is the conclusion that the Company’s business activities in 2021 were performed in accordance with the law, the Company’s Articles of Association and the General Meeting’s instructions. The members of the Board of Directors exercised their powers with professional diligence and in line with the interests of the Company and all its shareholders. The Supervisory Board expressed its appreciation of the professionalism, creativity and hard work which the members of the Board of Directors successfully transferred to management at all levels. The Company achieved excellent results despite the challenging and continually-changing conditions. The Supervisory Board examined the separate and consolidated financial statements for the reporting period ended 31 December 2021, audited by Deloitte Audit s.r.o., and did not identify any irregularities. It recommends that the General Meeting approve both financial statements. The Supervisory Board recommends that the General Meeting approve the Board of Director’s proposal for profit distribution and for the use of a portion of retained earnings of previous years to pay dividends and royalties. The Supervisory Board recommends that the General Meeting approve Deloitte Audit s.r.o., SKAu licence No. 014, to audit the financial statements for the period beginning 1 January 2022. In Podbrezová, 22 June 2022 Ing. Ján Banas Chairman of the Supervisory Board REPORT ON THE ACTIVITIES OF THE SUPERVISORY BOARD IN 2021