Organizing the 2016 Annual General Shareholders Meeting of TEDI’s subsidiaries of TEDI

On February 25th, 2016, TEDI’s Board of Management issued the Resolution No. 11/2016 / NQ-HDQT which approving 2015 Business results and 2016 Business plans; at the same time appointing the representatives of the share capital who will be nominated as Chairman of the Board of Management and Head of Supervisor Board of TEDI’s subsidiaries at their 2016 Annual General Shareholders Meeting of .

On March 14^th 2016 TEDI’s Board of Management also issued/released Letter No.741/TEDI-HDQT assigning members of the Board of Management to attend the 2016 Shareholders Meeting of the subsidiaries.

In implementing the two documents above, from 26^th March 2016 to 4^th April 2016, all 10 TEDI’s subsidiaries had successfully held the 2016 Annual General Shareholders Meeting.

The Meeting approved 2015 Business results and 2016 Business plan in accordance with the approval of TEDI who own 51% of share. At the same time, the attending shareholders voted the Board of Management and the Supervisor Board with a high number of unanimous votes. The candidates, who were nominated by TEDI, were elected with the rate vote of 100% of the attendace. Right after the Meeting ended, the newly selected Board of Management and the Supervisor Board held their very first session to elect/determine/appoint the Chairman of the Board of Management and the Head of the Supervisory Board with the following results:

Seriously awared of its responsibility with shareholders, especially with its major shareholder–TEDI, before, during and after the General shareholders Meeting, members of Financial & Accounting Department of TEDI who were appointed as Head of the Supervisor Board at all subsidiaries, have been self-aware to investigate the Charter, organization chart and existing management of the subsidiaries.

The Financial & Accounting Department discussed on operation methods of the Supervisor Board and submitted sample forms to (Transport Engineering Design Inc. – JSC) Corporate such as Minutes of the Shareholders Meeting, Resolution of the Shareholders Meeting, Minutes of the Supervisor Board Meeting, Minutes of the Management Board Meeting, etc. and agreed with the subsidiary companies’ Shareholders Meeting organization boards/committees to bring those into implementation/execution.

With the innovative methods/procedures in corporate governance and management of capital invested in other enterprises, the Board of Management of Transport Engineering Design Inc. – JSC has directed, from the term of 2016 – 2021 and so on, the companies of TEDI will agree on a general management method. The Board of Directors focus/concentrate on directing and managing to complete the business plan which approved by the Shareholders Meeting.