Transition to International Financial Reporting Standards (IFRS)

We are proud to announce the successful completion of the audit and transition to International Financial Reporting Standards (IFRS) in the spring of 2023. This significant achievement underscores our commitment to transparency and high standards of business conduct. Advantages of transitioning to IFRS:

• 1. Transparency and trust: IFRS financial reporting makes our financial information more accurate and transparent for investors and partners.
• 2. Comparability: IFRS allows us to compare our financial performance with other companies on an international level.
• 3. Improved management: Implementing IFRS enhances internal management and control processes, leading to more efficient use of company resources.
• 4. Expansion opportunities: Transitioning to IFRS opens new opportunities for international investments and partnership

The process of transitioning to IFRS involved extensive preparatory work, employee training, and the implementation of new systems. We thank all our employees and partners for their support and efforts in achieving this important milestone. With the transition to IFRS, the company will continue to grow and strengthen its position, ensuring high standards of management and increasing trust from the stakeholders.