Board of Directors resolutions’ disclosure
Phoenix Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Securities Market and the investors’ community that it has resolved the following at the meeting of the Board of Directors held on 27 July 2020:
1. Approval of the unaudited quarterly financial statements for the 6-month period ended 30 June 2020 together with the Board of Directors’ Report.
2. Acceptance of the resignation of Mr. Tomoki Nishino from his position as a member of the Board as a representative of Axia Power Holding B.V. and as a member of Audit Committee with effective from 27 July 2020 due to personal related reasons.
3. Acceptance of the appointment of Mr. Kosuke Tashiro, who has more than 20 years experiences in power sector, as a member of the Board as a representative of Axia Power Holding B.V. and as a member of Audit Committee with effective from 27 July 2020.
_________________________
Koichi Matsumoto
Chief Financial Officer / Disclosure Officer