The management of the company is carried out by the three administrators. The right to represent the company and to make decisions belongs to each director, except for the signing of commercial contracts, with legal entities, for which the company will be represented by at least two directors or, in case of unavailability of one of them, by the representative of each. The directors have the right to represent the company with full powers before the banking institutions in order to contract loans. As regards the relations with the company's employees, all three directors have full powers, and any of them, alone or together, can sign any document regarding the relations with the employees (conclusion, execution, modification, termination of individual employment contracts, etc.). The administrators may not receive, without the authorization of the sole shareholder, the mandate of administrator in other competing companies or companies having the same object of activity, nor to carry out the same kind of trade or another competitor on their own account or on the account of another natural or legal person, under penalty of revocation and liability for damages. Directors and other members of the Management Board do not undergo additional sustainability training. All trainings, which are mandatory for all employees, are completed annually by the executive directors. The CEO regularly participates in group-level trainings. In 2024, a one-day internal workshop was held, which was attended by the entire executive, directorial and management board of PENNY Romania. During this event, key topics such as the new sustainability governance and recent legislative changes were addressed. We organize our activity and teams according to the particularities of the activity and the needs identified by us in order to keep records and group the strategic directions according to the activities carried out by the teams. I. HEADQUARTERS It includes all organizational functions and structures whose activity has a cross-cutting impact throughout the organization; thus, this pillar includes all management structures at company level whose activity is not limited to a single location (regardless of whether their activity is reflected in physical locations belonging to the Stores or Logistics pillars) and all Departments; this structure includes 3 Administrative Structures, coordinated by Executive Directors / Administrators / "Country Managers" who group under direct subordination: • 17 Departments (operating under the umbrella of the Headquarters pillar), coordinated by Directors / "Heads of Departments" having teams/divisions subordinated by Team Leaders, or Managers in the case of Sales Directors and the Logistics Director (structure later disseminated as part of the "Logistics" pillar) • The 7 Sales Managers are subordinated to 74 Area Inspectors, who in turn coordinate the PENNY Stores. • 1 Back-office Sales Manager • 6 Departments, coordinated by Managers / "Team Leaders", also registered in the Headquarters pillar, having in direct subordination personnel from the execution category I. HEADQUARTERS II. STORES Thus, our activity is structured based on three organizational pillars: III. LOGISTICS MESSAGE FROM THE GENERAL MANAGEMENT SUSTAINABILITY STRATEGY AND GOVERNANCE ABOUT US AND OUR VALUE CHAIN ABOUT THE REPORT THE FUTURE IS MADE TODAY SUSTAINABILITY MILESTONES SUSTAINABILITY REPORT PENNY ROMANIA 2024 64/276
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