CSR

Cooperation with the auditor

Cooperation with the auditor

The Management Board of TORPOL S.A. (Issuer, Company) informs that the annual and semi-annual financial statements of TORPOL S.A. and TORPOL Capital Group for the years 2019-2020 (separate and consolidated) are subject to verification by Ernst & Young Polska sp. z o.o. sp. k. with its registered office in Warsaw. The selection of the auditor to verify the aforementioned financial statements was made by the Company’s Supervisory Board on 18 June 2019 on the basis of resolution no. 04/06/2019. The agreement with the aforementioned entity was concluded on 10 July 2019.

The selected entity is entered into the list of entities authorized to audit financial reports kept by the National Council of Statutory Auditors with the registration number 130. The selection of the above mentioned entity was made in accordance with the applicable regulations, i.e. in particular the Act of 11 May 2017 on Statutory Auditors […].

The agreement with the selected entity will be concluded for the time necessary to perform the activities described above. With regard to certification services, from the date of admission to trading on a regulated market, the Company used the services of the selected entity with respect to auditing activities for the financial statements for the years 2016-2018. Notwithstanding the above, the selected entity also verified the Company’s statements (and the Company’s legal predecessor, i.e. Torpol sp. z o.o.) for the years 2006-2012.