E-tranzact international plc-resolutions passed at the 2025 agm

At the 21st Annual General Meeting of eTranzact International PLC (the Company) held virtually on Thursday, 24thJuly 2025, at 12:00noon, the following resolutions were duly passed:

1. That the Audited Financial Statements for the year ended 31st December 2024, together with the reports of the Directors, Auditors and Audit Committee, be received.

2. That the recommended dividend of 12.5 kobo per ordinary share of fifty (50) kobo which amounts to ₦1.150 billion, be and is hereby approved.

3. That pursuant to Section 285 (1) of the Companies and Allied Matters Act 2020, the re-election of the retiring Directors- Mr. Uche V. Obi (SAN), Maj. Gen Emeka Onwuamaegbu (Rtd), Mrs. Hauwa Bello, and Mrs. Binta Max-Gbinijie be and are hereby approved.

4. That pursuant to Section 408 of the Companies and Allied Matters Act 2020, the Directors be and are hereby authorized to fix the remuneration of the Company's Auditor, Ernst and Young, for the financial year ending 31st December 2025.

5. That pursuant to Section 404 (3) of the Companies and Allied Matters Act 2020, the persons below were appointed as representatives of the shareholders on the Statutory Audit Committee

   1. Mr. Dominic Ichaba

   2. Mr. Robert Ibekwe; and

   3. Mr. Mathias Dafur

      The Board representatives on the Statutory Audit Committee are

      1. Mr. Afolabi Oladele; and

      2. Mr. Uche Val Obi SAN

6. That Management be and is hereby authorised to approve the remuneration of the Non-Executive Directors.

7. That pursuant to the rules of the Nigerian Exchange Limited governing transactions with related parties or interested persons, the Company is authorised to procure goods and services necessary for its operations from related third parties.

8. That the the Board of Directors be and are hereby authorised to raise additional capital of up to One Hundred Billion Naira (₦100,000,000,000) through any combination of equity and/or debt financing, including but not limited to Rights Issues, Private Placements, term loans, bonds, or any other method(s) deemed appropriate by the Directors, on such terms and conditions as they consider fit.

9. That the Share Capital of the Company be and is hereby increased from 4,599,999,908 (Four Billion, Five Hundred and Ninety-Nine Million, Nine Hundred and Ninety-Nine Thousand, Nine Hundred and Eight) Ordinary Shares of 50 Kobo each, by the creation of such additional number of shares as may be required to give effect to the capital raise, with each new share ranking pari passu with the existing Ordinary Shares.

10. That the Directors be and are hereby authorized to enter and execute agreements, deeds, notices or any other documents, and to perform all acts and to do all such other things necessary for or incidental to give effect to the resolutions above, including but not limited to appointing professional parties, consultants and advisers and complying with the directives of the regulatory authorities.