Max Stock Limited Announces Disclosure of an interested party transaction - Employment of Mr. Ori Max's son

Core Points - Max Stock Limited announced the employment of Mr. Eliad Max, son of CEO Mr. Ori Max, in a junior management reserve role at a subsidiary [1][2] - The remuneration committee and board of directors approved the employment terms, ensuring Mr. Eliad Max's salary does not exceed the average monthly salary in the market [3] Employment Details - Mr. Eliad Max will receive an hourly wage and social benefits, with total monthly remuneration capped at the average market salary [2] - His employment is part-time due to his status as a student, and he is not expected to engage in a full-time position [2] Compliance and Regulations - The remuneration committee confirmed that Mr. Eliad Max's salary is reasonable based on the scope of employment and his skills [3] - According to Regulation 1B(a)(4) of the Relief Regulations, only two individuals can be employed under this regulation at the same time, with one other employee currently in compliance [3] Company Overview - Max Stock is Israel's leading extreme value retailer, operating 64 locations and offering a wide range of quality products at affordable prices [5]