In Article 5 of Law 3607/2007 (Government Gazette, Series I, No 245) on the company’s articles of association, a new Article 18A is added as follows:

"Article 18A

Audit Committee

1. The Company shall establish an audit committee consisting of at least three (3) non-executive members of the Board of Directors. The members of the audit committee shall have sufficient knowledge of the sector in which the company operates, shall be appointed and dismissed by decision of the General Meeting of shareholders and shall be, in their majority, independent, applied mutatis mutandis to those members pursuant to Article 9 of Law 4706/2020 (Government Gazette, Series I, No 136) on independent non-executive members of the Board of Directors. At least one (1) of the independent members of the audit committee shall have proven sufficient knowledge and experience in auditing or accounting and shall be required to attend the meetings of the audit committee relating to the approval of the financial statements. The Committee shall be chaired by one (1) independent member.
2. The audit committee shall have, in particular, the following responsibilities:

monitoring the financial reporting process and making recommendations or proposals to ensure its integrity;

b) monitoring the effective functioning of the internal control system and the risk management system, as well as monitoring the proper functioning of the Internal Audit Unit referred to in Article 16 of Law 4972/2022 (Α΄ 181), as regards financial information;

monitoring the course of the statutory audit of corporate and consolidated financial statements.

3. The Audit Committee shall meet at regular intervals, at least four (4) times a year, and exceptionally when required. Minutes shall be taken at each meeting.