Photon Energy N.V. announces that it has established a two-tier board structure comprised of the existing management board and a new supervisory board and audit committee, appointed at the extraordinary general meeting held on 4 December 2020. The supervisory board and audit committee is comprised of two members, Mrs. Boguslawa Skowronski and Mr. Marek Skreta, appointed for a four-year term of office. The supervisory board members meet the independence criteria set in respective EU regulations.