Board of Directors on the entry into the transaction The Board of Directors’ meeting No. 3/2018 held on 25 April 2018, considered that the transaction is reasonable and beneficial to the Company and the
held on 25 April 2018, considered that the transaction - 18 - is reasonable and beneficial to the Company and the shareholders and it will be the significant opportunity to the renewable business. 11
, during which the Audit Committee members also had a presence, has considered and opined that the transaction is reasonable and beneficial to the Company and shareholders in the long run. 12. Opinion of the
considered and opined that the transaction is reasonable and beneficial to the Company and shareholders in the long run. 12. Opinion of the Audit Committee and/or directors of the Company that differs from
not join and vote for this agenda. Opinion of the Board of director and Audit Committee The connected transactions of the Company are reasonable in the normal course of business due to all transactions
of the opinion that the acquisition of shares is reasonable and benefitting the Company and its shareholders in accordance with the reasons stipulated in Clause 9. Moreover, such Transaction will also
of the opinion that the acquisition of shares is reasonable and benefitting the Company and its shareholders in accordance with the reasons stipulated in Clause 9 . Moreover, such Transaction will also
Transaction is reasonable in which the Company will receive the expected return. The share premium will be the asset of Hero Experience for construction cost and investment in the project. The main expenses are
characteristics; (3) having any improper behavior which, if considered on a reasonable ground, materially affected clients, investors, company or shareholders, or money market or capital market as a whole, in a