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.

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.