In accordance with the provisions of Section 55 of Act CXX of 2001 on the Capital Market and Schedule No. 4 of PM Decree No. 24/2008. (VIII. 15.), AutoWallis Nyilvánosan Működő Részvénytársaság (registered seat: 1055 Budapest, Honvéd utca 20.; company registration number: 01-10-047350; hereinafter: Company) hereby issues the following announcement to its investors.

Ferenc Karvalits, a member of the Company’s Supervisory Board and Audit Committee, has resigned from these positions with effect from the date of the Company’s extraordinary general meeting convened for 1 July 2022 due to other commitments and to fully concentrate on other positions he has assumed. If the extraordinary general meeting is not quorate, his resignation will become effective as of the date of the newly convened general meeting.

Ferenc Karvalits has held positions with the Company since 2020. He has also acted as the Director of Strategy of Wallis Asset Management Zrt. since 2013 and worked as a strategic advisor for Venturio Kockázati Tőkealap-kezelő Zrt. from 2014 and later on for PERION Kockázati Tőkealap-kezelő Zrt., and subsequently became a member of their Boards of Directors.

The Board of Directors of AutoWallis would like to take this opportunity to thank Ferenc Karvalits, the outgoing member of the Company’s Supervisory Board and Audit Committee, for his work so far and wishes him all the best for his future career.

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