Audit committee

The Audit Committee serves as an independent and objective body responsible to review and appraise the auditing practices and performance of internal and external auditors. Its primary duty is to assist the Board of Directors in fulfilling its responsibilities by reviewing the Company’s financial reporting processes, policies and internal control system.

The Audit Committee is composed of three (3) non-executive members of the Company’s Board of Directors, with two of them also being independent:

1. Dirk Gerkens, son of Herbert – Chairman (Independent Non-Executive Member of the Board of Directors)  

2. Georgios Doukidis, son of Ioannis – Member (Independent Non-Executive Member of the Board of Directors) 

3. Vladislav Ratajac, son of Miloje – Member (Non-Executive Member of the Board of Directors) 

Audit Committee Charter