Summary of Vår Energi AS Extraordinary General Meeting Company Overview - **Company**: Vår Energi AS - **Event**: Extraordinary General Meeting - **Date**: August 12, 2025 - **Purpose**: Approval of Q2 2025 dividend Key Points Meeting Proceedings - The meeting commenced at 3 PM Norwegian time, with the Chair of the Board, Thore Bidwe, welcoming participants and declaring the meeting open [1] - An independent chair, Wiggo Berg Hansen, was proposed and accepted to oversee the meeting [2] Shareholder Participation - Approximately 81% of the share capital was represented at the meeting, indicating strong shareholder engagement [3] Agenda Items 1. **Election of Chair and Co-Signatory**: - The proposal for Thore Bidwe to chair the meeting and for General Counsel Sverdrup Bejlan to co-sign the minutes was approved [4] 2. **Approval of Notice and Agenda**: - The notice for the meeting was distributed with the required three-week notice period and approved without questions [5] 3. **Approval of Interim Balance Sheet**: - The interim balance sheet and notes as of June 30, 2025, were published on July 22 and approved without questions [6] 4. **Distribution of Dividends**: - The proposed dividends based on the approved interim balance sheet were also approved without any questions raised [7] Conclusion - The meeting concluded with all agenda items approved, and exact voting figures will be made available in the meeting minutes on the company's website [8]

1st HALF OF 2025 AGEN A FINAL REMARKS 01 BUSINESS ENVIRONMENT 03 LIQUIDITY MANAGEMENT 04 DIVIDENDS 02 1H25 EARNINGS 05 06 Q&A SESSION 01 BUSINESS ENVIRONMENT MACROECONOMIC SCENARIO 01 2024 2025e² Brazilian GDP¹ 3.4% (▲ 0.2 p.p. vs. 2023) Selic¹ 12.25% p.y. (▲0.5 p.p. vs. 2023) 2.2% 15.00% p.y. 5.2% (▲0.4 p.p. vs. 2024) (▲2.75 p.p. vs. 2024) (▼1.2 p.p. vs. 2024) 2026e² 1.5% 12.75% p.y. 4.4% (▼0.8 p.p. vs. 2025e) (▼2.25 p.p. vs. 2025e) (▼0.6 p.p. vs. 2025e) (1) IBGE. (2) Itaú BBA's projections (Jul/2025). IPC ...

Group 1 - The company announced a semi-annual distribution plan for 2025, proposing a cash dividend of 10 yuan per share (before tax), with a total payout of 213 million yuan, marking the 10th distribution since its listing [3] - The payout amount represents 132.61% of the company's net profit for the period, indicating a high payout ratio [3] - The calculated dividend yield based on the average trading price for the first half of 2025 is 3.19% [3] Group 2 - The company reported a revenue of 1.683 billion yuan for the first half of 2025, reflecting a year-on-year decline of 40.95% [1] - The net profit for the same period was 161 million yuan, down 32.20% year-on-year, with basic earnings per share at 0.75 yuan [1] - Recent market activity shows a net outflow of 2.6534 million yuan in principal funds today, with a total net outflow of 26.5089 million yuan over the past five days [2]

Group 1 - The Combined General Meeting of ABC Arbitrage shareholders was held on June 6, 2025, and all resolutions were adopted [2] - Sophie GUIEYSSE was reappointed as an independent director for a term of 4 years [3] - A dividend of €0.04 net per ordinary share for the year ended December 31, 2024, was approved, with payment scheduled for July 10, 2025 [4] Group 2 - The total distributions for the 2024 financial year amount to €0.34 per share, including two interim dividends of €0.10 per share paid in October and December 2024, and a third interim dividend of €0.10 paid in April 2025 [5] - ABC Arbitrage plans to pay interim dividends of €0.10 per share in October 2025, December 2025, and April 2026, subject to Board approval [6] - The Annual General Meeting was broadcast live, and the recording will be available on the company's website for at least two years [7]

Core Viewpoint - The announcement details the upcoming annual general meeting (AGM) of Longyuan Power Group Co., Ltd., scheduled for June 17, 2025, in Beijing, China, to discuss and approve various resolutions [1]. Group 1: Meeting Details - The AGM will take place on June 17, 2025, at 9:30 AM in Beijing [1]. - The meeting will address ordinary and special resolutions, including a general authorization for special resolutions [1][2]. Group 2: Shareholder Registration - H shares will be suspended for transfer registration from June 12, 2025, to June 17, 2025, to ensure eligibility for attending the AGM and voting [4]. - Shareholders must submit relevant documents for H share transfer by June 11, 2025, at 4:30 PM [4][6]. Group 3: Dividend Distribution - The company will suspend H share transfer registration from June 25, 2025, to June 30, 2025, to determine the list of shareholders eligible for the proposed final dividend for 2024 [5]. - To qualify for the dividend, documents must be submitted by June 24, 2025, at 4:30 PM [6]. Group 4: Taxation Information - The company is obligated to withhold corporate income tax at a rate of 10% for non-resident corporate shareholders receiving the 2024 final dividend [6][7]. - Individual shareholders from Hong Kong or Macau, or those from countries with a 10% tax treaty with China, will also have a 10% withholding tax applied [7][8].

Dividend Announcement - On 30 April 2025, Invalda INVL's General Shareholders Meeting decided to allocate a dividend of EUR 1.25 per share [1] - Dividends will be paid to shareholders who were on record as of 15 May 2025, which is the tenth business day following the meeting [1] Dividend Payment Process - From 23 May 2025, dividends will be paid to shareholders through financial brokerage companies or credit institutions, with applicable withholding taxes deducted [2] - Shareholders whose shares are accounted by the authorized custodian AB Artea Bank will have their dividends transferred to their specified accounts at Lithuanian commercial banks after tax deductions [2] Taxation on Dividends - For the year 2024, dividends paid to natural persons who are residents of Lithuania or foreign countries are subject to a 15% withholding Personal income tax [3] - Dividends paid to legal entities in Lithuania or foreign countries are subject to a 16% withholding Corporate income tax, unless otherwise specified by law [3] Contact Information - Additional information can be obtained from Raimondas Rajeckas, CFO of Invalda INVL, via email [4]

Core Points - The company proposes to issue RMB financial bonds, with a maximum issuance amount of RMB 100 billion, subject to shareholder approval at the annual general meeting [2][3] - The company recommends the removal of an external supervisor due to their inability to perform duties, which also requires shareholder approval [3][4] - A cash dividend of RMB 1.56 per share is proposed for the 2024 fiscal year, totaling approximately RMB 4.284 billion, pending shareholder approval [3][4] Annual General Meeting Details - The annual general meeting is scheduled for June 13, 2025, at 2:30 PM in Hangzhou, China [2][3] - Shareholders must submit their attendance forms by June 9, 2025, to participate in the meeting [10][12] - The company will suspend H-share transfer registration from June 10 to June 13, 2025, to facilitate the meeting [9][13] Voting and Recommendations - All resolutions presented at the annual general meeting will be voted on, with results published on the company's and the stock exchange's websites [10][11] - The board recommends that shareholders vote in favor of all proposals presented at the annual general meeting [11]

Core Points - The Company approved a dividend of EUR 0.12 per share for the year 2024, totaling EUR 387 thousand in dividends [1][4] - The dividend payment policy targets a minimum of EUR 0.10 per share, which has been met this year [5] - The Company achieved a net profit of EUR 1.836 million and consolidated revenue of EUR 835,000 in 2024, with a 9.5% increase in land value to EUR 22.736 million [6] Dividend Payment Details - Dividends will be paid out within one month from the General Shareholders Meeting [2] - Shareholders as of 29 April 2025 are entitled to receive dividends [2] - The ex-date for the shares is 28 April 2025, after which new owners will not receive dividends for 2024 [3] Share Buyback Information - The Company obtained consent to use a EUR 3.08 million reserve for share buybacks, with a maximum purchase price based on the most recent equity per share [7] - The maximum buyback amount is limited to 10% of the share capital, and the minimum purchase price is EUR 3.50 [7] - The buyback period is set for 18 months from the shareholders' meeting decision [7] Company Overview - INVL Baltic Farmland is listed on the Nasdaq Vilnius stock exchange and owns approximately 3,000 hectares of agricultural land in Lithuania [8]

Financial Data and Key Metrics Changes - The company reported record high contributions, recurring profits, and full-year distributions to shareholders, with a total payout of HKD0.25 per share [5][6] - The interest coverage ratio at the end of the year was four times, exceeding the comfort level of three times [9] - The company maintained strong cash flows and retained two investment-grade credit ratings [6][9] Business Line Data and Key Metrics Changes - Indofood achieved record revenues for the eleventh consecutive year, with EBIT margins for the Noodles division reaching 25.9%, the highest ever [10] - Metro Pacific's core profit also reached record highs, driven primarily by power, water, and toll roads, with expectations for continued strong performance in 2025 [12][13] - PLDT reported record high sales and service revenues, with mobile data and SMS showing the strongest growth [13] Market Data and Key Metrics Changes - The company increased its stake in MPIC from 46.3% to 49.9% [4] - The Philippines and Indonesia's economies are expected to double from 2018 to 2029, which may positively impact the company's performance [75] Company Strategy and Development Direction - The company plans to continue focusing on growth in its core businesses, particularly in defensive industries like power, roads, and water [75] - There is an emphasis on improving operational efficiency and reducing non-revenue water in Metro Pacific to enhance revenue [36] - The company is exploring strategic options for Maya, including potential IPO or trade sale discussions [72] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, indicating that current trends suggest another strong year for Metro Pacific in 2025 and 2026 [75] - The company highlighted the importance of securing long-term contracts for gas supply to mitigate past issues and enhance profitability [28] Other Important Information - The company is planning a new 600-megawatt hydrogen-ready power project expected to commence operations in January 2029 [16] - The financing mix for new power plant projects is anticipated to be approximately 60% debt and 40% equity [47] Q&A Session Summary Question: What is the expected earnings trajectory for FPM power in 2025 and 2026? - Management indicated that 2023 was an exceptional year and that profits are expected to taper gradually, with long-run marginal costs influencing future earnings [24][27] Question: Can you provide updates on the Terra Solar Phase two project? - The focus remains on Phase one of the Terra Solar project, with initial delivery expected in Q1 2026 [30] Question: What are the considerations for the spin-off of MailiNet? - The valuation is tied to strong performance and operational efficiency improvements, with a focus on reducing non-revenue water [35] Question: Will there be share buybacks given the current NAV discount? - Management stated that share buybacks are part of a dynamic capital allocation strategy and will be assessed based on liquidity and other commitments [39][41] Question: What is the financing mix for PLP's new power plant projects? - The financing is expected to consist of approximately 60% debt and 40% equity, with dividends continuing to be paid to shareholders [47] Question: What are the plans for Maya, PLDT's online bank? - Maya is experiencing significant growth, and discussions regarding its future, including potential IPO or trade sale, are ongoing [72]

Financial Data and Key Metrics Changes - The company reported record high contributions, recurring profits, and full-year distributions to shareholders, with a total payout of HKD0.25 per share [6][11][12] - The interest coverage ratio at the end of the year was four times, exceeding the comfort level of three times [8][49] - The company maintained two investment-grade credit ratings and had no borrowings due in 2025 [6][7] Business Line Data and Key Metrics Changes - Indofood achieved record revenues for the eleventh consecutive year, with EBIT margins for the Noodles division reaching 25.9%, the highest ever [9][10] - Metro Pacific's core profit also reached record highs, driven primarily by power, water, and toll roads, with expectations for continued strong performance in 2025 [11][12] - PLDT reported record high sales and service revenues, with mobile data and SMS showing the strongest growth [12][14] Market Data and Key Metrics Changes - The company noted that the electricity generation market in Singapore is expected to grow at rates exceeding 4% annually [24] - The Philippines and Indonesia's economies are projected to double from 2018 to 2029, which is expected to positively impact Metro Pacific's revenues and profits [75] Company Strategy and Development Direction - The company is focusing on capitalizing on strong growth in its core businesses, particularly in defensive industries like power and water [75][80] - There are ongoing discussions regarding the potential IPO of Metro Pacific, with a focus on finding new capital through private placements [57][62] - The company is also exploring strategic options for Maya, its fintech venture, including potential IPOs or trade sales in the future [72] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, indicating that current trends suggest another strong year for Metro Pacific in 2025 and 2026 [75][80] - The management highlighted the importance of improving operational efficiencies and reducing non-revenue water in Metro Pacific's water utility business to enhance valuation [33] Other Important Information - The company has secured long-term contracts for gas supply, which is expected to provide a competitive advantage in the electricity generation market [26] - The new 600 megawatt hydrogen-ready power project is anticipated to begin operations in January 2029, adding significant capacity to the portfolio [16][25] Q&A Session Summary Question: What is the expected earnings trajectory for Pacific Light Power in 2025 and 2026? - Management indicated that 2023 was an exceptional year, and while profits are expected to taper, the overall portfolio remains strong with new projects in the pipeline [24][25] Question: Can you provide updates on the Terra Solar Phase two project? - The focus remains on Phase one of the Terra Solar project, with initial deliveries expected in Q1 2026 [27][29] Question: What are the considerations for the spin-off of MailiNet? - The valuation is tied to strong performance and operational efficiencies, with a focus on reducing non-revenue water [30][33] Question: Will there be share buybacks given the current NAV discount? - Management stated that share buybacks are part of a dynamic capital allocation strategy and will be assessed based on liquidity and other commitments [35][39] Question: What is the financing mix for PLP's new power plant projects? - The financing plan anticipates approximately 60% debt and 40% equity for the project costs [45][47] Question: What are the expected returns for the new power project in Singapore? - Expected returns are projected to be in excess of 12% up to mid-teens for investments in this space [53][54] Question: Any updates on the potential IPO for Maya? - Management confirmed that Maya is at an inflection point with growing customer bases and is generating positive net income, with discussions ongoing about future strategic options [70][72]