Core Points - Hepsor AS amended its articles of association on 12 June 2025, with the new articles registered on 25 June 2025 [1][2] - The amended articles of association are available on the company's website [2] Company Overview - Hepsor AS is a developer of residential and commercial real estate operating in Estonia, Latvia, and Canada [2] - Over fourteen years, the company has developed 2,076 homes and nearly 36,300 square meters of commercial space [2] - Hepsor is recognized as the first developer in the Baltic States to implement innovative engineering solutions for energy-efficient and environmentally friendly buildings [2] - The company currently has a portfolio of 25 development projects totaling 172,800 square meters [2]

Core Viewpoint - Hepsor AS has appointed Martti Krass as a new member of the Management Board, effective August 1, 2025, succeeding Henri Laks, who will transition to the Supervisory Board [1][2][3] Group 1: Management Changes - Martti Krass has been with Hepsor since 2014, serving in various roles including Latvian Country Manager since 2017 [2] - Henri Laks, the current Chairman of the Management Board, will become a member of the Supervisory Board upon the expiration of his mandate on August 1, 2025 [1][3] Group 2: Future Goals and Strategy - Martti Krass emphasized the company's focus on increasing profitability through enhanced efficiency, teamwork, and client satisfaction [3] - The company aims to continue its activities in Estonia and Latvia, with an emphasis on sustainable development projects and improving living environments [3] Group 3: Company Background - Hepsor AS is a developer of residential and commercial real estate, operating in Estonia, Latvia, and Canada [4] - Over fourteen years, Hepsor has developed 2,076 homes and nearly 36,300 square meters of commercial space [4] - The company has a portfolio of 25 development projects totaling 172,800 square meters [4]

Core Points - Hepsor AS held its annual general meeting on May 21, 2025, with 35 shareholders representing 76.84% of the votes [4] - The company approved its 2024 annual report and decided on the distribution of profits [5][6] Financial Summary - Retained earnings from previous periods amount to €7,836 thousand, with a net profit of €423 thousand for 2024, leading to a total distributable profit of €8,259 thousand [6] - A dividend of €0.26 per share will be paid, totaling €1,002 thousand to shareholders, while retained earnings of €7,257 thousand will not be distributed [9] Governance Changes - Lauri Meidla will resign from the supervisory board effective July 31, 2025, and Henri Laks was elected as a new member, starting from August 1, 2025 [7] - The remuneration for supervisory board members was set at €1,000 gross per month, with the chairman receiving €8,000 gross per month, effective August 1, 2025 [8] Company Overview - Hepsor AS is a developer of residential and commercial real estate operating in Estonia, Latvia, and Canada, with a portfolio of 25 development projects totaling 172,800 m² [10]