In order to bring the maximum value to AUGA group, AB (hereinafter - the Company), ensuring the continuity of the strategy and the oversight of existing activities, and focusing on the direct management of the activity with the greatest potential - technology development, the CEO of the Company, Kestutis Ju?cius, intends to transition from his current position to the newly elected Board of the Company (as announced in the notification of a material event of 15 September 2023), while also remaining as the head of AUGA Community, UAB, the company responsible for technology development. By decision of the Board of 20 October 2023, Elina Chodzkaite-Barauskiene has been appointed as interim CEO for a transition period from 7 November 2023 until a new CEO is elected by the new Board. In this way, the aim is to ensure the smooth day-to-day operation of the Company and consistent implementation of the strategy.

Elina Chodzkaite-Barauskiene has been leading the Company's Business Development and Innovation Department since 2019. She was one of the main creators of the current Company's business strategy and has been coordinating its implementation in the group's activities. Elina Chodzkaite-Barauskiene has also actively contributed to the development of the new technology-sharing business model and, together with the working group, is continuing its implementation within the group.

Before joining the Company, E. Chodzkaite-Barauskiene worked for 7 years at the public institution Invest Lithuania engaging with major foreign investors in the fields of manufacturing and life sciences. E. Chodzkaite-Barauskiene completed bachelor's studies at University College London (UCL) in the U.K. and master's studies at the Diplomatic Academy of Vienna in Austria. As announced in the notification of a material event of 15 September 2023, after an evaluation of the managerial needs associated with the transformation towards a technology-sharing business model, the Company?s Board, in agreement with the CEO Kestutis Ju?cius has decided to call an Extraordinary General Meeting of Shareholders on 7 November 2023 to revoke the current Board and elect new members of the Board.

The proposed candidates for the new Board are: Andrej Cyba, current member of the Company's Board and Chairman of the Audit Committee, and Kestutis Ju?cius, current CEO.