The Annual General Meeting of Golomt Bank shareholders was held April 15, 2024. All shareholders with voting rights participated in the meeting with an attendance of 88.48 percent and discussed the following issues.

Issues discussed:

1. 2023 Operational and Financial Report of “Golomt Bank” JSC
2. Board of Directors conclusion on the 2023 Operational and Financial Report of “Golomt Bank” JSC
3. 2023 Financial Performance and Independent Auditor’s Report
4. Board of Directors Resolution on Dividend Allocation from 2023 net profit
5. 2023 Board of Directors Report and Remuneration Budget for 2024
6. Election of the Board of Directors
7. Implementation of the “Employee Share Ownership Program” (ESOP)

Financial achievements

In 2023, Golomt Bank’s total assets increased by 2.6 trillion MNT from the previous year and reached 11.6 trillion MNT, increasing its market share to 20.1%. The total net loan reached 4.7 trillion MNT, and the customer fund reached 8.0 trillion MNT. In 2023, Golomt Bank realized a profit of MNT 209.2 billion after tax, with an increase of 79.5% from the previous year.

Independent Auditor’s Report

The financial statements of “Golomt Bank” JSC as at 31 December 2023 were audited. In the Independent Auditor’s Report, the conclusion is as follows: “the accompanying financial statements give a true and fair view of the financial position of the Bank as at 31 December 2023, and of its financial performance and its cash flows for the year then ended in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board”

Dividend Allocation

With the approval of the Board Resolution 00/04 dated February 14^th, 2024, regarding allocating dividend from the 2023 operational profit of Golomt Bank, it was decided to allocate dividend of 90 MNT for each ordinary share. The dividends will be processed through the Mongolian Central Securities Depository (MCSD) into each individual shareholder’s account 60 (sixty) days after permission to allocate dividends is provided by the respective regulator.

The Annual General Meeting of Golomt Bank was held in combination of in-person and online format, and the following decisions were made by the votes of all the shareholders with voting rights who participated in the meeting.

Meeting Decisions:

1. Approved the 2023 Operational and Financial Performance and the Board of Directors conclusion on Financial Report.
2. Approved the Board Remuneration Budget for 2024 according to the budget proposed in the meeting.
3. A decision was made to elect the nominees who collected the most votes from the nominees for Executive and Independent Directors to the Board of Directors of “Golomt Bank” JSC for a term of three years until the Annual General Meeting of 2027.
4. Approved the implementation of the “Employee Share Ownership Program” (ESOP) of “Golomt Bank” JSC within the amount of authorized shares.