Board Meeting Outcome for Outcome Of Board Meeting

Ref: Security Id: VEL / Code: 542803 Subject: Outcome of Board Meeting held on Monday, 1st December, 2025. The Board of Directors (“the Board”) at its meeting held on 1st December, 2025 which commenced at 12:00 p.m. and concluded at 12:15 p.m., have interalia approved the following business: 1. Notice of 2nd Extra Ordinary General Meeting: Ø The Board decided that the 2nd Extra Ordinary General Me