FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 2 of 29 Contents I. GENERAL INFO ABOUT THE GROUP ----------------------------------------------------------------------- 4 1.1. Legal framework --------------------------------------------------------------------------------------------- 4 1.2. Entities included in the consolidation -------------------------------------------------------------- 4 1.3. Criteria for the recognition, measurement and assessment of financial assets - 8 1.4. The structure of the Group’s holdings ------------------------------------------------------------ 10 II. CONSOLIDATED FINANCIAL DATA OF THE GROUP AS OF 31.12.2024 ------------------- 12 2.1. Basis for preparation of the consolidated financial statements ----------------------- 12 2.2. The consolidated statement of profit or loss and other comprehensive income12 2.3. Segment reporting ---------------------------------------------------------------------------------------- 14 2.4. Consolidated statement of financial position ------------------------------------------------- 19 III. THE MAIN RISKS OF THE GROUP ----------------------------------------------------------------------- 20 3.1. Market risk --------------------------------------------------------------------------------------------------- 21 3.1.2. The interest rate risk --------------------------------------------------------------------------------- 21 3.1.3. Foreign exchange risk ------------------------------------------------------------------------------ 22 3.2. Liquidity risk------------------------------------------------------------------------------------------------- 23 3.3. Credit risk ---------------------------------------------------------------------------------------------------- 23 3.4. Operational risk ------------------------------------------------------------------------------------------- 24 3.5. Sustainability risk ----------------------------------------------------------------------------------------- 25 3.6. The Sustainability Statement of the Infinity Capital Investments S.A. Group ---- 25 3.7. Capital adequacy ----------------------------------------------------------------------------------------- 26 IV. KEY MANAGEMENT -------------------------------------------------------------------------------------------- 26 V. LEGAL DISPUTES ------------------------------------------------------------------------------------------------ 27 VI. SUBSEQUENT EVENTS --------------------------------------------------------------------------------------- 27

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 3 of 29 The report of the Board of Directors on the consolidated financial statements as of 31.12.2024 was prepared in accordance with the provisions of Law no. 24/2017, republished, regarding issuers of financial instruments and market operations and Rule no. 39/2015 for the approval of accounting regulations in accordance with the International financial reporting standards applicable to entities authorized, regulated and supervised by the Financial Supervisory Authority in the financial instruments and investments sector, as well as the Investor Compensation Fund. Reporting date: 31.12.2024 Company name: INFINITY CAPITAL INVESTMENTS S.A. Registered seat: Craiova, 1 Tufănele street, Dolj County, postal code 200767 Telephone/fax: 0251-419,343; 0251-419,340 Company registration no. RO 4175676 Registry of Commerce registration no. J16/1210/30.04.1993 FSA registration number: PJR07.1AFIAA/160004/15.02.2018 FSA registration number: R.I.A.I.F.: PJR09FIAIR/160001/08.06.2021 ISIN: ROSIFEACNOR4 LEI Code: 254900VTOOM8GL8TVH59 Regulated market where the issued securities are traded: Bucharest Stock Exchange, Premium Category (INFINITY market symbol) Subscribed and paid in registered capital: 47,500,000 RON Number of issued shares: 475,000,000 Nominal value: 0.10 RON/share

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 4 of 29 I. GENERAL INFO ABOUT THE GROUP 1.1. Legal framework In accordance with the provisions of Regulation no. 1606/2002 of the European Parliament and of the Council of the European Union of 19 July 2002 about the enforcement of international accounting standards, FSA Regulation no. 5/2018 about issuers of financial instruments and market operations, Regulation no. 7/2020 concerning the authorization and operation of alternative investment funds, the provisions of Law no. 24/2017, republished, about issuers of financial instruments and market operations and Law no. 243/2019 governing the Regulation of alternative investment funds and for the amendment and completion of certain regulatory acts, the Company is required to prepare annual consolidated financial statements. The annual consolidated financial reporting are prepared in accordance with International Financial Reporting standards adopted by the European Union (‘IFRS’). The Board Report presents the consolidated financial statements as of 31.12.2024, prepared in accordance with Rule no. 39/2015 issued for the approval of the Accounting Regulations aligned to the International Financial Reporting Standards, applicable to the authorized entities, governed and supervised by the Financial Supervisory Authority in the Financial Instruments and Investments Sector, as well as the Investors Compensation Fund. 1.2. Entities included in the consolidation The consolidated financial statements as of December 31, 2024 ("financial statements", "consolidated financial statements") include the Company and its subsidiaries (referred to hereinafter as the "Group") and are audited. The Parent Company’s subsidiaries Subsidiaries are entities under the control of the Company. The Company controls an investee when it is exposed to or has rights to variable returns based on its ownership interest in the investee and has the ability to influence those returns through its authority over the investee. The potential or convertible voting rights that are exercisable at the time must also be taken into account when assessing control.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 5 of 29 The core activities carried out by the Company and the companies included in the consolidation perimeter are represented by the financial investment activity carried out by the Company and the activities carried out by the respective companies, which are mainly represented by the following sectors: the manufacturing of instruments and devices for measurement, verification, control, navigation, finance-banks, food, tourism, as well as renting commercial spaces and engaging in commerce. As of 31 December 2024, there are 13 entities in which Infinity Capital Investments S.A. owns more than 50% of their share capital (14 entities as of 31 December 2023) and enters in the scope of consolidation. The list of subsidiaries as of 31 December 2024 and 31 December 2023 is as follows: No. Company name Market symbol Market on which is traded Percentage of the issuer's share capital on 31.12.2024 -%- Percentage of the issuer's share capital on 31.12.2023 -%- 1. COMPLEX HOTELIER DÂMBOVIȚA S.A. unlisted company 99.99 99.99 2. GRAVITY CAPITAL INVESTMENTS S.A.* unlisted company 99.99 99.99 3. VOLTALIM S.A. unlisted company 99.55 99.55 4. MERCUR S.A. MRDO AeRO Standard 97.86 97.86 5. LACTATE NATURA S.A. INBO unlisted company 93.70 93.70 6. FLAROS S.A. FLAO AeRO Standard 93.70 93.70 7. ARGUS S.A.** UARG AeRO Premium 91.42 91.42 8. GEMINA TOUR S.A. unlisted company 88.29 88.29 9. ALIMENTARA S.A. ALRV AeRO Standard 85.23 85.23 10. CONSTRUCȚII FEROVIARE S.A. CFED AeRO Standard 77.50 77.50 11. PROVITAS S.A. unlisted company 71.30 71.30 12. TURISM S.A. unlisted company 69.22 69.22 13. ELECTROMAGNETICA S.A. *** ELMA BSE Premium 65.45 65.45 14. UNIVERS S.A. UNVR AeRO Standard - 73.75 *Gravity Capital Investments S.A. has the following ownership as at 31 December 2024 and 31 December 2023: • Gravity Real Estate S.R.L. - 100% (includes the subsidiary Gravity Real Estate One S.R.L.) ** Argus S.A. Constanta has the following ownership as at 31 December 2024 and 31 December 2023: • Comcereal S.A. Tulcea - 95.36% (includes the subsidiary Cereal Prest S.A. at 31 december 2023, sold on 4 March 2024); • Argus Trans S.R.L. - 100%.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 6 of 29 • Aliment Murfatlar S.R.L. is 14% owned at 31 December 2024 and 31 December 2023. *** Electromagnetica S.A., company included in the consolidation scope during 2023, has the following ownership at 31 December 2024 and 31 December 2023: • Electromagnetica Prestserv S.R.L. – 100%; • Electromagnetica Fire S.R.L. – 100%; • Procetel S.A. – 96,55%. **** The ownership in Univers S.A. (73.75% as at 31 December 2023) was sold on 4 March 2024 and is no longer part of the consolidation perimeter as at 31 December 2024. Aliment Murfatlar S.R.L. is 100% owned by the subsidiaries of Infinity Capital Investments S.A. at 31 December 2024 and 31 December 2023, respectively • Argus S.A - 14% at 31 December 2024 (14% at 31 December 2023); • Voltalim S.A. - 59% at 31 December 2024 (23% at 31 December 2023); • Flaros S.A. - 27% at 31 December 2024 (27% at 31 December 2023); • Alimentara S.A. - 0% at 31 December 2024 (12% at 31 December 2023); • Univers S.A. - 0% at 31 December 2024 (24% at 31 December 2023). As of December 31, 2024, the total assets of the 13 companies included in the consolidation scope of the Group represent 25.98% of the total assets of the Group (December 31, 2023: 32.09%), and 24.09% of the net assets of the Group (December 31, 2023: 29.69%), and have been consolidated using the full consolidation method. Intra-Group settlements and transactions, as well as realised profits resulting from intra-Group transactions, are removed entirely from the consolidated financial statements. The statement of mutual holdings of entities included in the consolidation as of 31 December 2024 is as follows: No. Branch name Shareholders No. of shares Share of holding in the share capital 1. COMPLEX HOTELIER DÂMBOVIȚA S.A. Infinity Capital Investments S.A. 1,754,221 99.9999% Voltalim S.A. 2 0.0001% Total 1,754,223 100.0000% 2. GRAVITY CAPITAL INVESTMENTS S.A. Infinity Capital Investments S.A. 5,738,999 99.99998% Voltalim S.A. 1 0.00002% Total 5,739,000 100.00000% 3. VOLTALIM S.A. Infinity Capital Investments S.A. 5,997,519 99.5506% Other shareholders 27,077 0.4494% Total 6,024,596 100.0000% 4. MERCUR S.A. Infinity Capital Investments S.A. 7,104,836 97.8593% Provitas S.A. 1,843 0.0254%

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 7 of 29 Voltalim S.A. 486 0.0067% Flaros S.A. 441 0.0061% Alimentara S.A. 108 0.0015% Univers S.A. 90 0.0012% Other shareholders 152,456 2.0999% Total 7,260,260 100.0000% 5. LACTATE NATURA S.A. Infinity Capital Investments S.A. 4,495,235 93.7015% Voltalim S.A. 6 0.0001% Other shareholders 302,160 6.2984% Total 4,797,401 100.0000% 6. GEMINA TOUR S.A. Infinity Capital Investments S.A. 757,888 88.2866% Other shareholders 100,553 11.7134% Total 858,441 100.0000% 7. ARGUS S.A. Infinity Capital Investments S.A. 32,710,488 91.4200% Other shareholders 3,069,978 8.5800% Total 35,780,466 100.0000% 8. ALIMENTARA S.A. Infinity Capital Investments S.A. 350,342 85.2258% Other shareholders 60,733 14.7742% Total 411,075 100.0000% 9. FLAROS S.A. Infinity Capital Investments S.A. 1,380,757 93.6951% Other shareholders 92,913 6.3049% Total 1,473,670 100.0000% 10. CONSTRUCȚII FEROVIARE S.A. Infinity Capital Investments S.A. 908,441 77.5000% Construcții Feroviare S.A. Craiova 352 0.0300% Other shareholders 263,389 22.4700% Total 1,172,182 100.0000% 11. PROVITAS S.A. Infinity Capital Investments S.A. 35,648 71.2960% Other shareholders 14,352 28.7040% Total 50,000 100.0000% 12. TURISM S.A. Infinity Capital Investments S.A. 1,010,599 69.2191% Voltalim S.A. 401,228 27.4814% Other shareholders 48,173 3.2995% Total 1,460,000 100.0000% 13. ELECTROMAGNETICA S.A. Infinity Capital Investments S.A. 442,465,466 65.4497% Other shareholders 233,573,238 34.5503% Total 676,038,704 100.0000%

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 8 of 29 Associates of the Company Associates are those companies in which the Group can exercise significant influence but not control over financial and operational policies. Participations in which the Group holds between 20% and 50% of the voting rights, but over which it does not exercise significant influence, are classified as financial assets measured at fair value through other comprehensive income. Following the analysis of the quantitative and qualitative criteria presented in IAS 28 - "Investments in associates and joint ventures" and IFRS 10 „Consolidated financial statements” the Group concluded that it does not have investments in associates as at 31 December 2024 and 31 December 2023. 1.3. Criteria for the recognition, measurement and assessment of financial assets The financial statements of subsidiaries are included in the consolidated financial statements from the moment when the Parent Company obtains control until the moment it losses it. The accounting policies of the Group's subsidiaries have been modified to align them with those of the Group. The accounting records of the Group are kept in lei. The main consolidation-specific adjustments are: - elimination from the statement of financial position of shareholdings held in Group companies; - elimination of intra-Group equity transactions and fair value adjustments; - elimination from the statement of profit or loss and other comprehensive income of dividend income at gross value settled within the Group; - elimination of balances, transactions, income and expenses within the Group; - Non-controlling interests are presented in the consolidated statement of financial position as an equity item, apart from the equity of the parent company and represent their quota in the equity items and profits of the Group companies. The accounting records of the Company's subsidiaries are maintained in RON, in accordance with Romanian Accounting Regulations (RAR) or International Financial Reporting Standards (IFRS). Accounting records under RAR are consolidated at the Group level to reflect differences between them and those under IFRS. Accordingly, RAR accounts are adjusted, where necessary, to harmonize the consolidated financial statements in all material aspects with IFRS. Apart from consolidation-specific adjustments, the main restatements to the financial information included in the financial statements prepared in accordance with the CRR to bring them in line with IFRS requirements are:

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 9 of 29 - grouping several items into more comprehensive categories according to the requirements of IAS 1 – Presentation of Financial Statements; - adjustments in the profit or loss account to record dividend income at the time of declaration and at gross value; - adjustments related to financial investments measured at fair value through other comprehensive income for their classification, presentation and measurement at fair value in accordance with IFRS 9 – Financial Instruments and IFRS 13 – Fair Value; - adjustments to investment property for their fair value measurement in accordance with IAS 40 - Investment Property and IFRS 13 – Fair Value; - adjustments of property, plant and equipment for their valuation in accordance with the Group's accounting policies and in accordance with IAS 16 – Property, Plant and Equipment and IFRS 13 – Fair Value; - adjustments for the recognition of deferred income tax assets and liabilities in accordance with IAS 12 – Income Tax; - IFRS disclosure requirements. For the calculation of fair value, for equity instruments (shares), the Group uses the following hierarchy of methods: Level 1: quoted (unadjusted) prices in active markets for identical assets and liabilities; Level 2: inputs other than quoted prices included in Level 1 that are observable for assets or liabilities, either directly (e.g. prices) or indirectly (e.g. derived from prices); Level 3: valuation techniques based largely on unobservable elements. This category includes all instruments for which the valuation technique includes elements that are not based on observable data and for which unobservable input parameters may have a significant effect on the valuation of the instrument. Valuation techniques include techniques based on net present value, the discounted cash flow method, the method of comparisons with similar instruments for which there is an observable market price, and other valuation methods. The fair value measurement of the equity instruments (shares) held is performed as follows: - for securities listed and traded on an active market during the reporting period, the market value was determined taking into account the quotation from the last trading day (the closing quotation on the main capital market for those listed on the regulated market – BSE, respectively the reference price for the alternative system - AeRO for level 1); - for the rest of the listed securities for which there is no active market or they are not listed, valuation techniques based on unobservable inputs were used, so valuation reports were prepared by an authorized valuer member of ANEVAR and revised also by the Group.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 10 of 29 1.4. The structure of the Group’s holdings The consolidated structure of the share portfolio held by the Group, by business sectors, is presented as follows: Portfolio structure Market value of the package 31.12.2024 Market value of the package 31.12.2023 Economic sectors with a weight in the the Group's value portfolio (in descending order): (lei) % (lei) % finance, banks 1,393,727,033 50.27 1,190,225,718 48.85 oil and gas resources and related services 520,330,251 18.77 437,241,738 17.95 financial intermediation 487,362,677 17.57 375,349,788 15.41 pharmaceutical industry 223,938,115 8.08 275,478,777 11.31 energy and gas transport 137,455,868 4.96 146,523,998 6.01 distribution, supply of electricity and energy services 5,740,754 0.21 6,056,319 0.25 electronics, electrical engineering industry 3,104,752 0.11 4,146,437 0.17 machine building and processing industry 956,010 0.03 1,265,965 0.05 Other 39,993 0.00 - - TOTAL 2,772,655,453 100.00 2,436,288,740 100.00 From the analysis of the data presented above, as of 31 December 2024, the Group held mainly shares in issuers operating in finance, banking sector with a share of 50.27% of the total portfolio, up from 31 December 2023, while in the same sector of activity it recorded a share of 48.85% (increase determined by capital market transactions and fair value appreciation of portfolio holdings).

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 11 of 29 The graphic representation of the consolidated structure of the share portfolio by activity sector on 31.12.2024 is presented as follows: The graphic representation of the consolidated structure of the share portfolio by activity sector on 31.12.2023 is presented as follows:

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 12 of 29 II. CONSOLIDATED FINANCIAL DATA OF THE GROUP AS OF 31.12.2024 2.1. Basis for preparation of the consolidated financial statements The Group has adopted a liquidity-based presentation in the consolidated statement of financial position and the presentation of income and expenses has been made in relation to their nature in the consolidated statement of profit or loss and other comprehensive income. These disclosure methods were considered to provide information that is credible and more relevant than those that would have been disclosed under other methods permitted by IAS 1 “Presentation of Financial Statements” and IFRS 12 “Presentation of Interests in Other Entities”. Consolidated financial statements are prepared on the basis of the fair value convention for financial assets and liabilities measured at fair value through the income statement and financial assets measured at fair value through other comprehensive income. Other financial assets and liabilities as well as non-financial assets and liabilities are presented at amortised cost, revalued amount or historical cost. 2.2. The consolidated statement of profit or loss and other comprehensive income In Lei 31 December 2024 31 December 2023 Income Gross dividend income 158,759,779 95,539,933 Interest income 11,924,602 5,442,797 Income from contracts with customers 353,903,200 307,999,975 Other operating income 64,255,596 3,374,308 Gain from acquiring subsidiaries on favourable terms - 154,850,032 Net gain on reassessment of financial assets at fair value through profit or loss 710,577 1,159,994 Expenses Losses from impairment of non-financial assets (4,626,900) - Resumption of provisions for risks and expenses 216,541 - Reversal of losses from the depreciation of financial assets 3,117,705 5,898,689 Impairment and depreciation expenses (22,278,222) (12,322,023) Expenses on salaries, allowances and similar charges (73,210,671) (58,108,953) Expenses on raw materials, materials and goods (242,138,313) (280,955,222) Other operational expenses (114,058,433) (53,215,931) Interest expenses (3,025,429) (6,052,293) Profit before tax 133,550,032 163,611,306

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 13 of 29 Corporate income tax (19,835,192) (8,099,347) Net profit for the financial year 113,714,840 155,511,959 Increase in revaluation reserve for property, plant and equipment, net of deferred tax 57,915,113 - Net gain on revaluation of equity instruments at fair value through other comprehensive income, net of deferred tax 549,602,982 601,750,074 Other comprehensive income - items that will not be reclassified to profit or loss 607,518,095 601,750,074 Total other comprehensive income 607,518,095 601,750,074 Total comprehensive income for the financial year 721,232,935 757,262,033 Net related profit Shareholders of the parent company 118,663,092 159,549,390 Non-controlling interests (4,948,252) (4,037,431) Total net profit for the financial year 113,714,840 155,511,959 Basic and diluted earnings per share (net earnings per share) 0.2528 0.3359 Basic and diluted earnings per share (including realized gain on sale of financial assets measured at fair value through other comprehensive income) 0.8558 0.3729 Total comprehensive income for the financial year 721,232,935 757,262,033 Shareholders of the parent company 726,825,494 760,520,168 Non-controlling interests (5,592,559) (3,258,135) - Gross dividend income recorded in 2024 increased by 66% compared to the same period of the previous year. This growth was primarily driven by the solid financial performance of the listed companies in which the group holds exposures, their dividend distribution policies, and the positive evolution of the capital market, which stimulated issuers' activity. - The dividends distributed by the banking sector in 2024 represented 59% of Group total dividends income (2023: 34%). - The Group’s total expenses at the end of 2024 (456,003,722 lei, without profit tax) increased by 13% compared with the previous year (404,755,733 lei); - The Group recorded a net profit of 113,714,840 lei in 2024, below the net profit of 2023, in amount of 155,511,959 lei, this result being influenced by the dynamics of dividend income and contracts with customers; - As of 31.12.2024, the basic and diluted earnings per share of the Parent Company’s shareholders was 0.2528 lei, in a decrease, compared to the one reported at 31.12.2023 (0.3359 lei). - The value of expenses recorded under the "Other operational expenses" category increased by 115% compared to 2023.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 14 of 29 The "Other operational expenses" category is presented as follows: In LEI 31 December 2024 31 December 2023 Expenses with third-party services 28,254,532 16,585,807 Expenses with energy and water 20,739,244 15,866,017 Expenses with commission and fees 7,768,800 3,070,389 Expenses with taxes and duties 11,508,272 6,072,003 Protocol and publicity expenses 854,932 785,508 Impairment expenses on tangible fixed assets* 406,524 3,714,679 Other operating expenses 44,526,129 7,121,528 Total 114,058,433 53,215,931 The expenses for external services include the expenses for external financial auditing, which amount to 1,779,050 lei for the one-year period ending on December 31, 2024 (December 31, 2023: 1,075,130 lei). *For better presentation, the Group has reclassified the expenses related to the amortization of tangible and intangible assets to a separate line "Depreciation and amortization expenses" in the Consolidated Statement of Profit or Loss and Other Comprehensive Income. 2.3. Segment reporting Segment reporting represents segmentation by activities considering the main activity of the companies in the consolidation scope. The parent company together with the entities in which it holds more than 50% and which are included in the consolidation scope operate in the following main business segments: financial services, real estate rental and trade, manufacture of instruments and appliances for measuring, testing and navigation, food industry (mainly production of oil and related products), tourism.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 15 of 29 Assets, liabilities and equity according to the Consolidated Statement of Financial Position 31 December 2024 In LEI Group Services financial Commercial space rental and trade Manufacture of tools and devices for measuring, checking, controlling Food industry (mostly the production of sunflower oil and sunflower derivatives) Tourism Assets Cash and cash equivalents 460,076,652 330,538,669 42,444,817 75,704,694 9,102,846 2,285,626 Deposits in banks 10,064,955 - - 10,000,000 - 64,955 Financial assets at fair value through profit or loss 7,331,746 7,331,746 - - - - Financial assets at fair value through other comprehensive income 2,765,323,707 2,736,790,051 28,533,656 - - - Other financial assets at amortised cost 71,946,420 19,266,739 22,954,393 14,827,558 14,738,830 158,900 Inventory 64,986,660 10,611 8,064,249 7,308,363 49,576,293 27,144 Real estate investments 340,772,239 1,100,816 313,370,471 24,903,878 1,397,074 - Property, plant and equipment 453,035,759 10,613,091 2,921,492 299,252,493 128,248,632 12,000,051 Other assets 6,399,442 566,754 564,402 4,805,333 300,113 162,840 Current income tax claims 1,228,193 (632,459) (201,500) 1,676,704 379,751 5,697 Assets classified as held for sale 14,585,385 - 3,519,178 - - 11,066,207 Total assets 4,195,751,158 3,105,586,018 422,171,158 438,479,023 203,743,539 25,771,420 Liabilities Loans 60,798,798 - - - 60,798,798 - Dividends payable 50,737,191 48,473,389 548,794 1,295,746 419,262 - Financial liabilities at amortised cost 29,182,343 1,469,394 6,062,575 10,827,083 10,657,265 166,026 Liabilities directly associated with assets classified as held for sale 639,648 - 291,755 - - 347,893 Other liabilities 14,445,870 6,869,353 1,092,723 2,060,352 3,915,458 507,984 Provisions for risks and charges 3,096,531 - 221,276 1,952,556 922,699 - Deferred income tax liabilities 274,290,843 192,526,149 38,099,402 29,214,286 14,451,006 - Total liabilities 433,191,224 249,338,285 46,316,525 45,350,023 91,164,488 1,021,903

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 16 of 29 31 December 2023 In LEI Group Services financial Commercial space rental and trade Manufacture of tools and devices for measuring, checking, controlling Food industry (mostly the production of sunflower oil and sunflower derivatives) Tourism Assets Cash and cash equivalents 139,020,419 69,096,362 28,953,605 28,934,125 8,157,714 3,878,613 Deposits in banks 6,942,722 - 5,000,000 1,942,722 - - Financial assets at fair value through profit or loss 6,621,169 6,621,169 - - - - Financial assets at fair value through other comprehensive income 2,429,667,571 2,396,720,026 31,538,340 - 1,409,205 - Other financial assets at amortised cost 63,090,745 85,363 3,211,404 37,899,666 21,402,855 491,457 Inventory 93,202,257 12,143 36,801 18,741,313 74,353,802 58,198 Real estate investments 371,130,831 1,100,816 344,209,043 23,569,292 2,251,680 - Property, plant and equipment 461,925,441 11,358,311 4,840,764 287,379,784 129,927,691 28,418,891 Other assets 7,440,927 648,719 365,217 6,119,577 163,994 143,420 Current income tax claims 895,819 19,416 (304,580) 822,603 380,797 (22,417) Total assets 3,579,937,901 2,485,662,325 417,850,594 405,409,082 238,047,738 32,968,162 Liabilities Loans 81,135,482 - - - 81,135,482 - Dividends payable 51,080,777 48,747,231 1,105,656 1,227,890 - - Current income tax liabilities - - - - - - Trade liabilities - - - - - - Financial liabilities at amortised cost 31,976,914 962,238 4,861,996 18,693,529 5,885,102 1,574,049 Other liabilities 27,226,626 10,048,725 2,710,209 11,640,456 2,057,949 769,287 Provisions for risks and charges 3,765,054 - 1,615,372 775,000 1,374,682 - Deferred income tax liabilities 210,881,494 143,753,048 37,976,651 16,208,824 12,781,011 161,960 Total liabilities 406,066,347 203,511,242 48,269,884 48,545,699 103,234,226 2,505,296

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 17 of 29 Income, expenses and result according to the consolidated statement of profit or loss and other comprehensive income 31 December 2024 In LEI Group Services financial Commercial space rental and trade Manufacture of tools and devices for measuring, checking, controlling Food industry (mostly the production of sunflower oil and sunflower derivatives) Tourism Income Gross dividend income 158,759,779 157,240,792 1,518,539 - - 448 Interest income 11,924,602 8,030,484 1,558,064 1,905,780 361,259 69,015 Income from contracts with customers 353,903,200 - 27,839,193 97,670,343 219,386,704 9,006,960 Other operating income 64,255,596 52,735 5,246,306 42,473,083 16,407,758 75,714 Net gain on reassessment of financial assets at fair value through profit or loss 710,577 710,577 - - - - Expenses (Losses)/recovery of losses from impairment of financial assets 3,117,705 - 240,700 2,852,478 58,422 (33,895) (Losses)/recovery of losses from impairment of non-financial assets (4,626,900) (4,622) 204,378 (6,608,022) 1,781,366 - (Constitutions)/recovery of provisions for risks and expenses 216,541 - 1,394,097 (1,177,556) - - Expenses on salaries, allowances and similar charges (73,210,671) (14,068,265) (6,920,447) (26,186,302) (22,059,216) (3,976,441) Depreciation and amortisation expenses (22,278,222) (893,706) (645,952) (9,969,373) (10,090,452) (678,739) Expenses on raw materials, materials and goods (242,138,313) (197,798) 4,183,261 (51,331,827) (193,274,877) (1,517,072) Interest expenses (3,025,429) - (13,080) - (3,012,349) - Other operating expenses (114,058,433) (13,904,760) (15,776,787) (56,301,233) (26,134,959) (1,940,695) Profit before tax 133,550,032 136,965,438 18,828,272 (6,672,629) (16,576,344) 1,005,295 Corporate income tax (19,835,192) (12,960,391) (2,226,555) (4,321,350) (150,277) (176,619) Net profit for the financial year 113,714,840 124,005,047 16,601,717 (10,993,979) (16,726,621) 828,676

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 18 of 29 31 December 2023 In LEI Group Services financial Commercial space rental and trade Manufacture of tools and devices for measuring, checking, controlling Food industry (mostly the production of sunflower oil and sunflower derivatives) Tourism Income Gross dividend income 95,539,933 93,344,829 2,182,512 - - 12,592 Interest income 5,442,797 3,100,940 1,592,098 155,389 497,038 97,332 Income from contracts with customers 307,999,975 1,005 30,283,034 19,376,711 247,155,125 11,184,100 Other operating income 3,374,308 1,008,003 432,150 (590,938) 2,436,436 88,657 Net gain on reassessment of financial assets at fair value through profit or loss 1,159,994 1,159,994 - - - - Gain from acquiring subsidiaries on favourable terms 154,850,032 154,850,032 - - - - Expenses (Losses)/recovery of losses from impairment of financial assets 5,898,689 28,779 (201,173) 961,256 5,101,219 8,608 (Losses)/recovery of losses from impairment of non-financial assets - - - - - - (Constitutions)/recovery of provisions for risks and expenses - - - - - - Expenses on salaries, allowances and similar charges (58,108,953) (16,566,665) (7,095,081) (4,813,845) (25,173,276) (4,460,086) Expenses on raw materials, materials and goods (280,955,222) (270,617) (363,893) (10,841,249) (267,412,331) (2,067,132) Interest expenses (6,052,293) (32,011) (187,595) - (5,832,687) - Other operating expenses (65,537,954) (8,851,010) (9,724,166) (7,290,465) (36,463,995) (3,208,318) Profit before tax 163,611,306 227,773,279 16,917,886 (3,043,141) (79,692,471) 1,655,753 Corporate income tax (8,099,347) (7,798,751) (1,732,677) 820,356 718,860 (107,135) Net profit for the financial year 155,511,959 219,974,528 15,185,209 (2,222,785) (78,973,611) 1,548,618

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 19 of 29 2.4. Consolidated statement of financial position In Lei 31 December 2024 31 December 2023 Assets Cash and cash equivalents 460,076,652 139,020,419 Deposits in banks 10,064,955 6,942,722 Financial assets at fair value through profit or loss 7,331,746 6,621,169 Financial assets at fair value through other comprehensive income 2,765,323,707 2,429,667,571 Other financial assets at amortised cost 71,946,420 63,090,745 Inventory 64,986,660 93,202,257 Real estate investments 340,772,239 371,130,831 Property, plant and equipment 453,035,759 461,925,441 Other assets 6,399,442 7,440,927 Current income tax claims 1,228,193 895,819 Assets classified as held for sale 14,585,385 - Total assets 4,195,751,158 3,579,937,901 Liabilities Loans 60,798,798 81,135,482 Dividends payable 50,737,191 51,080,777 Financial liabilities at amortised cost 29,182,343 31,976,914 Other liabilities 14,445,870 27,226,626 Provisions for risks and charges 3,096,531 3,765,054 Deferred income tax liabilities 274,290,843 210,881,494 Liabilities directly associated with assets classified as held for sale 639,648 - Total liabilities 433,191,224 406,066,347 Equity Share capital 47,500,000 50,000,000 Legal and statutory reserves 39,649,807 40,233,147 Retained earnings 1,249,238,092 894,786,724 Reserves from revaluation of tangible assets, net of deferred tax 234,008,782 202,831,910 Reserves from revaluation of financial assets at fair value through other comprehensive income, net of deferred tax 1,220,024,498 953,527,939 Benefits granted in equity instruments to employees 3,065,370 - Other reserves 917,772,127 925,730,600 Own shares (117,770,835) (63,372,773) Total equity attributable to equity holders of the parent company 3,593,487,841 3,003,737,547 Non-controlling interests 169,072,093 170,134,007 Total equity 3,762,559,934 3,173,871,554 Total liabilities and equity 4,195,751,158 3,579,937,901

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 20 of 29 • As of 31.12.2024, total assets have a value of 4,195,751,158 lei, a 17% increase compared to the value as of 31.12.2023 (3,579,937,901 lei); • As of 31.12.2024, bank deposits amounted to 10,064,955 lei, marking a significant increase compared to 31.12.2023 (6,942,722 lei). A similar upward trend was recorded in cash and cash equivalents, which grew by 231% compared to 31.12.2023 (from 139,020,419 lei to 460,076,652 lei). This increase was influenced by the reclassification of the Parent Company's bank deposits into the "cash and cash equivalents" category, as they had a maturity of less than three months; • Financial assets measured at fair value through other comprehensive income amounted to 2,765,323,707 lei as of 31.12.2024, reflecting a 13% increase compared to 31.12.2023 (2,429,667,571 lei). This result was influenced by portfolio adjustments made to capitalize on capital market opportunities in 2024; • Financial assets valued at fair value through profit or loss, amounting to 7,331,746 lei on 31.12.2024, are up by 11% compared to 31.12.2023 (6,621,169 lei). This category includes the fund units owned in the open investment funds: BT INDEX RO, FDI NAPOCA, FDI TRANSILVANIA, FDI TEHNOGLOBINVEST and FIA Agricultural Fund. • Equity amounted to 3,593,487,841 lei, reflecting a 20% increase compared to 31.12.2023 (3,003,737,547 lei). This growth was primarily driven by the evolution of the "Retained earnings" indicator, which increased by 40% compared to the same period of the previous year. The performance of the Group’s equity portfolio also contributed to the increase in equity value. III. THE MAIN RISKS OF THE GROUP The risk management policy includes the procedures required to assess exposure to the main categories of relevant risks, which may have an impact on the performance of the activity and on the fulfilment of obligations stipulated in the regulatory framework. The risk management activity covers both general risks and specific risks, as required by national and international legal regulations. The group is or can be subject to financial risks resulting from the activity undertaken for the achievement of the established goals. The group, according to the specifics of the activity, is or may be subject to significant risks resulting from the activity carried out to achieve the established objectives. Managing significant risks involves providing the framework for identifying, evaluating, monitoring and controlling these risks in order to maintain them at an acceptable level in relation to the risk appetite and its ability to mitigate or cover these risks. Risk monitoring is carried out at each hierarchical level, with procedures for supervising and approving decision-making limits. The main risks to which the Group is exposed In its current activities, the Group may face both the specific risks resulting from its current operation, as well as indirect risks resulting from the performance of operations and services in cooperation with other financial entities.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 21 of 29 The main financial risks identified in the activity of the Group are: - market risk (price risk, currency risk, interest rate risk); - credit risk; - liquidity risk; - operational risk; - sustainability risk. 3.1. Market risk Market risk is the risk of incurring losses related to on-balance sheet and off-balance sheet positions due to unfavourable market price fluctuations (such as, for example, stock prices, interest rates, foreign exchange rates). The company monitors market risk with the aim of optimizing profitability in relation to the associated risk, in accordance with approved policies and procedures. From the point of view of the Group, the relevant market risks are: price risk (position risk), foreign exchange risk, interest rate risk. 3.1.1. Price risk Price (position) risk is generated by market price volatility, such as fluctuations in the market for financial instruments as a result of changes in market prices, changes caused either by factors affecting all instruments traded in the market (systemic component) or by factors specific to individual instruments or their issuers (non-systemic component). The Group monitors both the systemic component (general risk driven by macro-level factors) and the specific risk driven by the issuers' own activity, so that when price risks are not in line with internal policies and procedures, it acts accordingly by rebalancing the asset portfolio. Given the specific nature of the Group's business, price risk is a relevant risk for the Group. The Group also monitors the concentration of risk by business segment, which is disclosed as follows, for financial assets measured at fair value through profit or loss and financial assets designated at fair value through other comprehensive income. The market value of the listed shares portfolio (on BVB - regulated market, BVB-AeRO - alternative trading system) as at 31 December 2024 represents 99.79% of the total value of the managed equity portfolio (31 December 2023: 99.46%). 3.1.2. The interest rate risk Interest rate risk is the current or future risk that profits and capital will be affected by adverse changes in interest rates. The interest rate directly influences the income and expenses attached to variable interest- bearing financial assets and liabilities.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 22 of 29 Most assets in the portfolio are non-interest bearing. The interest rates applied to cash and cash equivalents are short-term as of 31 December 2024. At Group level, the share of borrowed resources in the total financing resources of the companies is not significant, except for Argus S.A. Constanta at 31 December 2024 and 31 December 2023. The Group monitors the evolution of monetary policy to track effects that may influence interest rate risk. The Group did not use derivative financial instruments during the reported period to protect itself against interest rate fluctuations. In order to benefit from the volatility of interest rates, for a greater flexibility in the cash allocation policy, it will be pursued that the placement of cash in monetary instruments will be made especially in the short term, for a maximum of 3 months. 3.1.3. Foreign exchange risk Currency risk is the risk of losses resulting from changes in exchange rates. This risk takes into account all positions held by The Group in foreign currency deposits, financial instruments denominated in foreign currency, regardless of the holding period or the level of liquidity recorded by those positions. The Group did not use derivative financial instruments during the reporting period to protect itself against exchange rate fluctuations. As of 31 December 2024, the foreign currency cash amounted to 4,192,691 Lei, representing 0.89% of total cash and cash equivalents (as of 31 December 2023: 4,754,657 Lei, representing 3.3% of total cash and cash equivalents). The Group also owns a number of 80 fund units issued by FIA Agricultural Fund, totalling 1,025,389 lei (equivalent of 206,145.60 EUR). Given that most of the Group's assets are denominated in national currency, exchange rate fluctuations do not directly affect the Group's business. These fluctuations have an influence in the assessment of investments such as fund units, foreign currency deposits and current account cash. The Group carried out transactions during the reporting periods in both Romanian currency (Leu) and foreign currency. The Romanian currency fluctuated compared to foreign currencies, EUR and USD. The Group did not conduct any foreign exchange derivatives transactions during the submitted financial years. Foreign currency cash as at 31 December 2024 represents 0.13% (31 December 2023: 0.2%) of total financial assets, while foreign currency trade liabilities represent 0.01% as at 31 December 2024 (31 December 2023 0.2%), from the total financial liabilities, which results in the currency risk at Group level being insignificant.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 23 of 29 Investments in foreign currency bank deposits are constantly monitored and measures are taken to invest, divest, depending on the forecasted evolution of the exchange rate. On 31.12.2024, the market risk falls within the approved risk limits for a medium risk appetite. 3.2. Liquidity risk Liquidity risk is the risk that a position in the portfolio of the Group cannot be sold, liquidated or closed at limited costs within a reasonably short period of time. The Group aims to maintain a level of liquidity adequate to its underlying obligations, based on an assessment of the relative liquidity of the assets on the market, taking into account the period required for liquidation and the price or value at which those assets can be liquidated their sensitivity to market risks or other external factors. The Group systematically monitors the liquidity profile of the asset portfolio, taking into account the contribution of each asset to liquidity, as well as significant liabilities and commitments, contingent or otherwise, that the company may have in relation to its underlying obligations. The liquidity risk related to payment obligations is very low, the Group's current liabilities being covered by holdings in current accounts and/or short-term deposits On 31.12.2024, the net negative positions recorded in the liquidity category between 3-6 months and 6-12 months, are influenced by the loan owed by Argus S.A. Constanța and will be managed by such company and by the Group, depending on the liquidation needs at the time, by using the resources obtained from the current operational activity. On 31.12.2024, the liquidity risk falls within the approved risk limits for a medium risk appetite. 3.3. Credit risk Credit risk represents the current or future risk of affecting profits and capital as a result of the debtor's failure to fulfil its contractual obligations or its failure to fulfil the established obligations. As of December 31, 2024, the exposure to the banking sector represents 44.18% of total assets, out of which 33.22% represents the market value of shares held in Banca Transilvania and B.R.D.-Group Societe Generale, while 10.96% represents cash and cash equivalents held in banking institutions. The main credit risk elements identified that can significantly influence the Group's activity are: - the risk of non-collection of dividends from portfolio companies; - the risk of non-collection of the contract value, in the case of commercial activity and sale of shares in "closed" companies; - the risk generated by investments in bonds and/or other credit instruments; - settlement risk in the case of transactions with shares issued by listed companies;

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 24 of 29 - risk of bankruptcy or insolvency. The indicators used to measure the risk of insolvency of issuers are the following: the rate of exposure to issuers at high risk of bankruptcy (in the next 2 years), the rate of exposure by unlisted assets, the rate of exposure by sectors of activity. Credit risk may affect the Group's activity indirectly, in the case of portfolio companies that encounter financial difficulties in paying their payment obligations corresponding to dividends. Given the diversity of investments and the fact that most of them are made in stable entities and with increased liquidity in the market, this risk is greatly diminished and properly managed by the Group. The Group may be exposed to credit risk through the holding of current accounts and bank deposits, as well as from outstanding receivables. Regarding the Group's cash balances, they are placed with multiple banks, thus avoiding concentration risk. Bank deposits are held at banks in Romania. Regarding the Group's cash availability, it is mainly held at Eximbank Romania, which has an F3 rating, equivalent to the sovereign rating, and at Banca Transilvania. Fitch Ratings has confirmed the long-term rating of Banca Transilvania at F3. As a result of evaluating the key elements of credit risk, as of December 31, 2024, the credit risk falls within the approved risk limits for a medium risk appetite. 3.4. Operational risk Operational risk is the risk of loss resulting either from the use of inadequate internal processes, persons or systems, or from external events, which includes legal risk. The operational risk category refers to: legal risk - a sub-category of operational risk which is the risk of loss as a result both of fines, penalties and sanctions to which the Group is liable in the event of non-application or defective application of legal or contractual provisions and of the fact that the contractual rights and obligations of the company and/or its counterparty are not properly established; Compliance risk - the current or future risk of affecting profits, own funds or liquidity, which may lead to significant financial losses or which may affect the reputation of the Group as a result of breach or non-compliance with the legal and regulatory framework, agreements, recommended practices or ethical standards applicable to its activities. IT risk - is a sub-category of operational risk that refers to the risk caused by the inadequacy of IT strategy and policy, information technology and information processing, with reference to its management capacity, integrity, controllability and continuity, or by the inappropriate use of information technology. money laundering and terrorism financing risk (SB/FT) – the inherent risk, respectively the level of money laundering and terrorist financing risk before its mitigation, meaning that the impact and probability of involvement of regulated entities in ML/TF operations is analysed.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 25 of 29 In order to assess the level of operational risk to which it is exposed, the Group acts to identify and classify operational risk events into specific categories, allowing the establishment of the most effective methods of control and mitigation of potential effects. The Group aims to maintain an optimal level of equity in order to develop its business and achieve its objectives. The Group's main objective is business continuity in order to increase the value of managed assets in the long term. Considering the complexity of the Group's activities, the volume of operations, staffing structure, level of digitalization, complexity of monitoring and control procedures, and other aspects related to the Group's risk policy, the operational risk at the Group level falls within the assumed risk appetite. 3.5. Sustainability risk Sustainability risk is an environmental, social or governance event or condition that, if it occurs, could cause a significant adverse effect, actual or potential, on the value of the investment. Sustainability risks are integrated into the classification and management of existing risks, as they also affect the types of existing risk, to which the company is exposed in its activities. The Group incorporates sustainability risks into the decision-making process and also assesses the relevant sustainability risks, i.e. those environmental, social or governance events or conditions that, if they occur, could have an impact on the Group. 3.6. The Sustainability Statement of the Infinity Capital Investments S.A. Group In accordance with the Corporate Sustainability Reporting Directive (CSRD) No. 2464/2022, transposed into Romanian legislation through ASF Regulation No. 4/2024 amending and supplementing Regulation No. 39/2015 for the approval of Accounting Regulations in line with International Financial Reporting Standards, applicable to entities authorized, regulated, and supervised by the Financial Supervisory Authority in the Financial Instruments and Investments Sector, as well as the Investor Compensation Fund, Infinity Capital Investments S.A. Group (“the Group”) is required to prepare the Sustainability Report in accordance with the European Sustainability Reporting Standards (ESRS). Furthermore, in accordance with the requirements of ESRS 1, Infinity Capital Investments S.A. has included the information required in accordance with Article 8 of Regulation (EU) No. 2020/852 of the European Parliament and of the Council of June 18, 2020, establishing a framework to facilitate sustainable investments and amending Regulation (EU) No. 2019/2088 as a delegated act (EU). The Sustainability Statement of the Infinity Capital Investments S.A. Group as of 31.12.2024 is presented in Annex 1 of this Report.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 26 of 29 3.7. Capital adequacy Management's capital adequacy policy focuses on maintaining a sound capital base in order to support the continue development of the Group and the achievement of investment objectives. Equity consists of share capital, created reserves, current result and retained earnings. As of 31 December 2024, the Group's equity is RON 3,593,478,841 (31 December 2023: 3,003,737,547 lei). The Group is not subject to statutory capital adequacy requirements. IV. KEY MANAGEMENT Based on the articles of incorporation, Infinity Capital Investments S.A. is managed in a unitary system. Infinity Capital Investments S.A. is managed by a Board of Directors, made up of five members, elected by the ordinary general shareholders’ meeting for 4 years (with possibility of re-election) and authorized by the Financial Supervisory Authority. During the Ordinary General Meeting of Shareholders on 01.08.2024 and following the authorization of the Financial Supervisory Authority (A.S.F.) No. 149/31.10.2024, the composition of the Board of Directors of Infinity Capital Investments S.A. was approved and is as follows: Sorin-Iulian Cioacă, Andreea Cosmănescu, Codrin Matei, Mihai Trifu, Mihai Zoescu, starting from 04.12.2024. The composition of the Board of Directors as the Company at 31.12.2024 is as follows:  Sorin - Iulian Cioacă – President of the Board of Directors;  Mihai Trifu - Vice-president of the Board of Directors;  Codrin Matei - independent non-executive member of the Board of Directors;  Mihai Zoescu - independent non-executive member of the Board of Directors;  Andreea Cosmănescu - independent non-executive member of the Board of Directors. The senior management As of 31.12.2024, the composition of the senior management of Infinity Capital Investments S.A. authorized by FSA by authorization no. 162/11.12.2024, was as follows: - Sorin - Iulian Cioacă - General Manager; - Mihai Trifu - Deputy General Manager. As of December 31, 2023, the senior management had the following composition: - Sorin - Iulian Cioacă - General Manager; - Mihai Trifu - Deputy General Manager.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 27 of 29 The members of the Senior Management have mandate contracts with the Company. In accordance with the legal provisions and the Articles of Incorporation, the members of the Senior Management are authorized to manage and coordinate the current activities of Infinity Capital Investments S.A. and have the authority to represent the Company. The Group has not granted credits or advances (except for advances for business travel, justified within the legal term) to the members of the Board of Directors and the management and has not recorded such type of commitments. The Group has not received and has not given guarantees to any affiliate. V. LEGAL DISPUTES The Group has a number of claims arising in the normal course of business. Group management believes that these actions will not have a material impact on the financial statements. As at 31 December 2024, a total of 276 cases were pending, of which: • in 168 cases the parent company or one of its subsidiaries is a creditor; • in 52 cases the parent company or one of its subsidiaries is the plaintiff; • in 39 cases the parent company or one of its subsidiaries is a defendant; • In 10 cases the parent company or one of its subsidiaries is a respondent; • in 4 cases the parent company or one of its subsidiaries is an injured party; • the parent company or one of its subsidiaries is an intervener in a case; • the parent company or one of its subsidiaries is a civil party in a case; • in a case the Parent Company or one of its subsidiaries is a third party defendant; VI. SUBSEQUENT EVENTS INFINITY CAPITAL INVESTMENTS S.A I. On 08.01.2025, the General Shareholders Meeting approved the reduction of the subscribed share capital of INFINITY CAPITAL INVESTMENTS S.A. from 47,500,000 lei to 43,000,000 lei, by canceling 45,000,000 own shares (nominal value of 0.1 lei/share) acquired by the Company following the public offer to purchase its own shares during the period 12.11.2024-25.11.2024, in application of the buyback program approved by the Extraordinary General Shareholders Meeting of 30.09.2024 and the amendment of the Company's articles of association to reflect the reduction of the share capital. ALIMENTARA S.A. I. On 14.02.2025, the Ordinary General Shareholders Meeting was held, in which the members of the Board of Directors (Popică Daniela, Gavrilă Mihaela, Andrei Raluca) were elected, the remuneration of the members, the insurance and the form of the management contract for them were approved.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 28 of 29 CONSTRUCȚII FEROVIARE CRAIOVA S.A. I. On 13.02.2025, the Ordinary General Shareholders Meeting was held, in which the members of the Board of Directors (Popică Daniela, Țalea Mihaela, Negoiță Costin Teodora) were elected, the remuneration of the members, the insurance and the form of the management contract for them were approved. FLAROS S.A. I. On 12.02.2025 the Ordinary General Shareholders Meeting was held, the members of the Board of Directors were elected (Cosmănescu Andreea, Matei Codrin, Ștefan Constantin), the remuneration of the members, the insurance and the form of the contract of administration for them were approved. II The mandate of the General manager, Ștefan George Alin, was extended for a period of 2 years, respectively 26.02.2025 - 25.02.2027. MERCUR S.A. I. On 19.02.2025, the Ordinary General Shareholders Meeting was held, during which the members of the Board of Directors (Stan Bogdan, Negoiță Costin Teodora, Dumitrescu Iustin) were elected, the remuneration of the members, the insurance and the form of the management contract for them were approved. PROVITAS S.A. I. On 12.02.2025, the Ordinary General Shareholders Meeting was held, during which the items on the agenda were approved. THE IMPACT ON THE OPERATIONS AND GOING CONCERN Macroeconomic uncertainty remains present, driven by geopolitical conflict, high inflation, and restrictive monetary policy. These factors may have a significant impact on the Romanian economy and, consequently, on the companies within the Company's portfolio. The Board of Directors of the Company is aware that economic developments, both globally and locally, can influence the future activities of the Group, potentially affecting its future results. Management continuously monitors present risks and uncertainties, implementing measures to ensure the continuity of operations under optimal conditions. None of the commercial entities included in the consolidation scope, except Electromagnetica S.A., fall under the scope of Order no. 881/25 June 2012, and are not obliged to prepare and report financial statements under IFRS conditions. They maintain accounting records in accordance with the regulations of Order no. 1802/2014 approving accounting regulations regarding annual standalone financial statements and annual consolidated financial statements. Throughout 2024, shareholder and investor communication proceeded as usual, with the Company providing relevant information and updates through current and periodic reports and/or updates on the Company's website.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 29 of 29 For consolidation purposes, they prepare a second set of financial statements under IFRS conditions. The financial statements prepared under IFRS conditions result from restating the financial statements prepared under Order no. 1802/2014. The consolidated financial statements were prepared in accordance with Regulation no. 39/2015 approving accounting regulations compliant with the International Financial Reporting Standards applicable to entities authorized, regulated, and supervised by the Financial Supervisory Authority in the sector of financial instruments and investments, as well as the Investor Compensation Fund. These financial statements are intended exclusively for use by the Group, its shareholders and the Financial Supervisory Authority and do not generate changes in the rights of shareholders regarding dividends. This report was approved by the Board of Directors in the meeting of 28 March 2025 and was signed on its behalf by: Sorin – Iulian Cioacă Mihai Trifu President - General Manager Vice-President - Deputy General Manager

Annex 1 - SUSTAINABILITY STATEMENT OF INFINITY CAPITAL INVESTMENTS S.A. GROUP as of 31.12.2024

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 2 of 189 Contents I. ESRS 2 - GENERAL INFORMATION .......................................................................................................................................................................................................................................................................... 4 1. Basis of preparation ....................................................................................................................................................................................................................................................................................................... 4 1.1 [BP-1] – GENERAL BASIS FOR PREPARATION OF THE SUSTAINABILITY STATEMENTS .......................................................................................................................................................... 4 Scope of consolidation ............................................................................................................................................................................................................................................................................................................. 5 1.2 [BP-2] – DISCLOSURES IN RELATION TO SPECIFIC CIRCUMSTANCES ....................................................................................................................................................................................... 6 2. GOVERNANCE ........................................................................................................................................................................................................................................................................................................................ 36 2.1. [GOV-1] – ROLE OF THE ADMINISTRATIVE, MANAGEMENT AND SUPERVISORY BODIES ....................................................................................................................................................... 37 2.1.1. BOARD OF DIRECTORS (BoD).................................................................................................................................................................................................................................................................................................................. 37 2.1.2. BOARD OF DIRECTORS’ ADVISORY COMMITTEES............................................................................................................................................................................................................................................................... 42 2.1.3. Senior management ..................................................................................................................................................................................................................................................................................................................................... 44 2.1.4. Sustainability Governance Structure ............................................................................................................................................................................................................................................................................................ 44 2.2. [GOV-2] – INFORMATION PROVIDED TO AND SUSTAINABILITY MATTERS ADDRESSED BY THE UNDERTAKING’S ADMINISTRATIVE, MANAGEMENT AND SUPERVISORY BODIES ........................................................................................................................................................................................................................................................................................................... 46 2.3. [GOV-3] – INTEGRATION OF SUSTAINABILITY-RELATED PERFORMANCE IN INCENTIVE SCHEMES .............................................................................................................................. 47 2.4. [GOV-4] – STATEMENT ON SUSTAINABILITY DUE DILIGENCE .............................................................................................................................................................................................................. 48 2.5. [GOV-5] - RISK MANAGEMENT AND INTERNAL CONTROL OVER SUSTAINABILITY REPORTING ...................................................................................................................................... 50 2.5.1. Risk management ........................................................................................................................................................................................................................................................................................................................................... 50 2.5.2. Internal Control .................................................................................................................................................................................................................................................................................................................................................54 3. STRATEGY .......................................................................................................................................................................................................................................................................................................................... 55 3.1. SBM-1 - STRATEGY, BUSINESS MODEL AND VALUE CHAIN ...................................................................................................................................................................................................................... 55 3.2. [SBM-2] – INTERESTS AND VIEWS OF STAKEHOLDERS ............................................................................................................................................................................................................................. 73

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 3 of 189 3.3 [SBM-3] Material impacts, risks and opportunities and their interaction with strategy and business model .......................................................................................................... 79 3.3.1. OVERVIEW .............................................................................................................................................................................................................................................................................................................................................................. 79 3.3.2. RESULTS OF THE ANALYSIS.................................................................................................................................................................................................................................................................................................................... 81 3.3.3. APPLIED METHODOLOGY: ........................................................................................................................................................................................................................................................................................................................ 81 II. ENVIRONMENT ....................................................................................................................................................................................................................................................................................................................... 85 1. TAXONOMY REPORTING ............................................................................................................................................................................................................................................................................................ 85 1.1 Preamble ............................................................................................................................................................................................................................................................................................................................. 85 1.2 Scope of consolidation for taxonomy reporting..................................................................................................................................................................................................................................... 87 1.3 Accounting policy ..................................................................................................................................................................................................................................................................................................... 87 A. TAXONOMY REPORTING INFORMATION AS ASSET MANAGER ................................................................................................................................................................................................................................89 B. TAXONOMY REPORTING INFORMATION AS NON-FINANCIAL UNDERTAKING...........................................................................................................................................................................................101 C. Joint reporting (for financial and non-financial enterprises) ............................................................................................................................................................................................................................ 116 2. ESRS E1 - CLIMATE CHANGE ....................................................................................................................................................................................................................................................................................... 126 3. ESRS E2: POLLUTION ......................................................................................................................................................................................................................................................................................................... 137 3. E3: WATER AND MARINE RESOURCES ............................................................................................................................................................................................................................................................. 159 4. ESRS E5: RESOURCE USE AND THE CIRCULAR ECONOMY ............................................................................................................................................................................................................. 172 ANNEX 1.1: REQUIREMENT TO SUBMIT INFORMATION COVERED BY THE SUSTAINABILITY STATEMENT........................................................................................................................... 188

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 4 of 189 ESRS 2 - General information 1. Basis of preparation 1.1 [BP-1] – GENERAL BASIS FOR PREPARATION OF THE SUSTAINABILITY STATEMENTS In accordance with the Corporate Sustainability Reporting Directive (CSRD) 2464/2022, transposed into Romanian legislation by Rule no. 4/2024 amending and supplementing Rule no. 39/2015 for the approval of the Accounting Regulations in accordance with the International Financial Reporting Standards, applicable to entities authorized, regulated and supervised by the Financial Supervisory Authority in the Financial Instruments and Investments Sector, as well as to the Investor Compensation Fund Infinity Capital Investments S.A. Group (the ‘Group’) has the obligation to prepare the Sustainability Report in accordance with the European Financial Reporting Standards (ESRS), starting with the 2024 financial year. Also, in accordance with the requirements of ESRS 1, Infinity Capital Investments S.A. has included the information provided in accordance with Article 8 of Regulation (EU) no. 2020/852 of the European Parliament and of the Council of 18 June 2020 on establishing a framework to facilitate sustainable investment and amending Regulation (EU) no. 2019/2088 as a delegated act (EU) in separately identifiable sections of this sustainability statement. The option to exclude certain information relating to intellectual property, know-how or the results of innovations relating to the disclosure has not been used in this Report. Also, the option to omit the disclosure of developments or imminent issues during the negotiations was not used by Infinity Capital Investments S.A. Group.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 5 of 189 Scope of consolidation This Sustainability Report is prepared on a consolidated basis in accordance with the CSRD Directive, including all investments and activities of Infinity Capital Investments S.A. (‘the parent company’, as presented in point 3 - basis of preparation, letter b) subsidiaries in the consolidated financial statements at 31 December 2024). The scope of consolidation for the Sustainability Report coincides with the scope of consolidation in the IFRS consolidated financial statements. The group of companies in which Infinity Capital Investments S.A. is the parent company at 31 December 2024 consists of 13 entities (subsidiaries) in which Infinity Capital Investments S.A. holds a stake of more than 50% of their share capital and falls within the scope of consolidation. Also, through its subsidiaries, the following companies are indirectly controlled by Infinity Capital Investments S.A.: • subsidiary Argus S.A. holds the majority of the voting rights in Comcereal S.A. Tulcea (95.36%) and Argus Trans SRL (100%). • subsidiary Electromagnetica S.A. holds the majority of the voting rights in Electromagnetica Prestserv SRL (100%), Electromagnetica Fire SRL (100%) and Procetel SA (96.55%). • subsidiary Gravity Capital Investments SA holds the majority voting rights in Gravity Real Estate Investments SRL (100%). At the same time, Gravity Real Estate Investments SRL holds 100% of the voting rights in Gravity Real Estate One SRL. • the subsidiaries of Infinity Capital Investments S.A. hold 100% of the voting rights in Aliment Murfatlar SRL, namely: Flaros SA (26.85%), Voltalim S.A. (59.26%) and Argus S.A. (13.90%). Subsidiaries are entities under the control of the Company. The Company controls an investee when it is exposed to or has rights to variable returns based on its interest in the investee, and has the ability to influence that income through its authority over the investee. At the time of evaluation of the control, the potential or convertible voting rights that are exercisable at that time must also be taken into account. In 2024, there were no liquidations, mergers or reorganizations within the group. For 2024, no subsidiary of the Group included in the consolidation process is separately covered by the CSRD, thus the exemption from reporting was not applied in accordance with Article 19a(9) or 29a(8) of EU Directive no. 34/2013. This report includes information referencing the value chain both upstream and downstream. For more information, please see 3.1. SBM-1 - STRATEGY, BUSINESS MODEL AND VALUE CHAIN.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 6 of 189 1.2 [BP-2] – DISCLOSURES IN RELATION TO SPECIFIC CIRCUMSTANCES • Sources of uncertainty in estimates and results In some cases, the preparation of metrics and quantitative data requires the use of estimates and assumptions. The Group discloses indicators that embed value chain information, which include both data sources directly from clients or companies in the investment portfolio, and estimated data sourced indirectly through third-party data providers or sector average values. Information from third-party data providers may be estimated using estimation factors that may significantly affect the information reported. The Group cannot influence the estimates and assumptions made by a third-party data provider. The most significant estimates and assumptions are related to the Group's disclosure of GHG emissions, which are subject to a high level of measurement uncertainty due to limitations in methodologies and data, including reliance on third-party data. In our analysis, we used estimates based on recognized frameworks available at the time. As methods and data evolve, our data sources and figures may become outdated, and updates to methodologies and assumptions may lead to different conclusions. Therefore, greenhouse gas (GHG) emission factors are expected to increase once data becomes available and related companies are included in the calculations. Each source of uncertainty will be explicitly identified and described in the relevant section presenting that estimate or element of uncertainty. Source of uncertainty Section of the report to which it is addressed Calculation of Scope 1 - Impact of coolants [E1-6] Gross Scopes 1, 2, 3 and Total GHG emissions Calculation of Scope 1 - Fuel from wood and wood residues (for burning seed husks) [E1-6] Gross Scopes 1, 2, 3 and Total GHG emissions Evaluation of the KPI indicator of the consolidated portfolio of Grup Infinity Capital Investments S.A. Annex IV of Chapter II. Environment - Taxonomy reporting

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 7 of 189 Changes in the preparation or presentation of sustainability information Last year, the information was published in accordance with the Non-Financial Reporting Directive (NFRD), and this year, the reporting was aligned with the European Sustainability Reporting Standards (ESRS). The Group does not publish comparative information in the first year of preparation of the ESRS Sustainability Statement, except for those relating to the EU Taxonomy. Corrections of information reported in previous periods Being the first year of reporting, there are no errors regarding the conformity of the information presented with the requirements of CSRD and ESRS. However, the need to make corrections at the level of the indicators reported according to Regulation (EU) 2020/852 regarding the taxonomy of sustainable activities was identified. Additional details regarding these aspects are presented in the chapter environmental information, subchapter reporting on EU taxonomy. Disclosure arising from other generally accepted legislation or sustainability reporting decisions Disclosure requirement and related data point SFDR Reference Pillar 3 reference Benchmark Regulation reference EU Climate Law Reference Reporting status Location in Report ESRS 2 GOV-1 Gender diversity in governing bodies, point 21(d) Indicator no. 13 of Table 1 of Annex 1 Commission Delegated Regulation (EU) 2020/1816 27, Annex II Included (see Graphic) Page 33 ESRS 2 GOV-1 Percentage of members of management bodies that are independent point 21(e) Delegated Regulation (EU) 2020/1816, Annex II Included (see Graphic) Page 32 ESRS 2 GOV-4 Statement on the Due Diligence ProcessParagraph 30 Indicator no. 10 of Table 3 of Annex 1 Included (Chapter 2.4. - GOV-4 – DUE DILIGENCE STATEMENT) Pages 39-41

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 8 of 189 Disclosure requirement and related data point SFDR Reference Pillar 3 reference Benchmark Regulation reference EU Climate Law Reference Reporting status Location in Report ESRS 2 SBM-1 Involvement in activities related to fossil fuels point 40(d)(i) Indicator no. 4 of Table 1 of Annex 1 Article 449a of Regulation (EU) no. 575/2013; Commission Implementing Regulation (EU) 2022/2453 Table 1: Qualitative information on environmental risk and Table 2: Qualitative information on social risk Delegated Regulation (EU) 2020/1816, Annex II Included Page 72 ESRS 2 SBM-1 Involvement in activities related to the manufacture of chemicalspoint 40(d)(ii) Indicator no. 9 of Table 2 of Annex 1 Delegated Regulation (EU) 2020/1816, Annex II Included Page 72 ESRS 2 SBM-1 Involvement in activities related to disputed quarters point 40(d)(iii) Indicator no. 14 of Table 1 of Annex 1 Delegated Regulation (EU) 2020/181829, Article 12(1) Delegated Regulation (EU) 2020/1816, Annex II Included Page 72 ESRS 2 SBM-1 Involvement in activities related to tobacco cultivation and production point 40(d)(iv) Delegated Regulation (EU) 2020/1818, Article 12(1) Delegated Regulation (EU) 2020/1816, Annex II Included Page 72 ESRS E1-1 Transition plan to reach climate neutrality by 2050 paragraph 14 Regulation (EU) 2021/1119, Article 2(1) Deferred Page 136

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 9 of 189 Disclosure requirement and related data point SFDR Reference Pillar 3 reference Benchmark Regulation reference EU Climate Law Reference Reporting status Location in Report ESRS E1-1 Undertakings excluded from Paris- aligned Benchmarks paragraph 16(g) Article 449a Regulation (EU) No. 575/2013; Commission Implementing Regulation (EU) 2022/2453 Model 1: Banking book – Climate change transition risk: credit quality of exposures by sector, emissions and residual maturity Delegated Regulation (EU) 2020/1818, Articles 12(1)(d) to (g) and 12(2) Deferred ESRS E1-4 GHG emission reduction targets paragraph 34; Indicator no. 4 Table 2 of Annex 1 Article 449a Regulation (EU) No. 575/2013; Commission Implementing Regulation (EU) 2022/2453 Model 3: Banking portfolio - Climate change transition risk: alignment indicators Delegated Regulation (EU) 2020/1818, Article 6 Deferred Page 133 ESRS E1-5 Energy consumption from fossil sources disaggregated by sources (only high climate impact sectors) paragraph 38 Indicator no. 5 Table 1 and indicator no. 5 Table 2 of Annex 1 Included (see Table) Page 133 ESRS E1-5 Energy consumption and mix paragraph 37 Indicator no. 5 Table 1 of Annex 1 Included (see Table) Page 133

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 10 of 189 Disclosure requirement and related data point SFDR Reference Pillar 3 reference Benchmark Regulation reference EU Climate Law Reference Reporting status Location in Report ESRS E1-5 Energy intensity associated with activities in high climate impact sectors paragraphs 40 to 43 Indicator no. 6 Table 1 of Annex 1 Included (see Table) Page 134 ESRS E1-6 ross values of 1, 2, 3 and total GHG emissions paragraph 44 Indicators no. 1 and no. 2 Table 1 of Annex 1 Article 449a Regulation (EU) No. 575/2013; Commission Implementing Regulation (EU) 2022/2453 Model 1: Banking book - Climate change transition risk: credit quality of exposures by sector, emissions and residual maturity Delegated Regulation (EU) 2020/1818, Articles 5(1), 6 and 8(1) Included (see Table) Page 136 ESRS E1-6 Gross GHG emissions intensity Paragraphs 53 to 55 Indicator no. 3 Table 1 of Annex 1 Article 449a of Regulation (EU) no. 575/2013; Commission Implementing Regulation (EU) 2022/2453 Model 3: Banking portfolio - Climate change transition risk: alignment indicators Delegated Regulation (EU) 2020/1818, Article 8(1) Included (see Table) Page 137 ESRS E1-7 GHG removals and carbon credits paragraph 56 Regulation (EU) 2021/1119, Article 2(1) Immaterial

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 11 of 189 Disclosure requirement and related data point SFDR Reference Pillar 3 reference Benchmark Regulation reference EU Climate Law Reference Reporting status Location in Report ESRS E1-9 Exposure of the benchmark portfolio to climate-related physical risks paragraph 66 Delegated Regulation (EU) 2020/1818, Annex II Delegated Regulation (EU) 2020/1816, Annex II Deferred ESRS E1-9 Disaggregation of monetary values by acute and chronic physical risk, paragraph 66(a)ESRS E1-9Location of significant assets that are subject to significant physical risk, paragraph 66(c). Article 449a of Regulation (EU) no. 575/2013; Commission Implementing Regulation (EU) 2022/2453, paragraphs 46 and 47; Template 5: Banking Portfolio – Physical risk related to climate change: exposures subject to physical risk. Deferred ESRS E1-9 Breakdown of the book value of real estate assets by energy efficiency classes paragraph 67(c). Article 449a of Regulation (EU) no. 575/2013; Commission Implementing Regulation (EU) 2022/2453, paragraph 34; Template 2: Bank Portfolio – Climate Change Transition Risk: Loans Secured by Real Estate – Energy Efficiency of Collateral. Deferred

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 12 of 189 Disclosure requirement and related data point SFDR Reference Pillar 3 reference Benchmark Regulation reference EU Climate Law Reference Reporting status Location in Report ESRS E1-9 Portfolio exposure to climate-related opportunities paragraph 69 Delegated Regulation (EU) 2020/1818, Annex II Deferred ESRS E2-4 Quantity of each pollutant listed in Annex II to the European Pollutants Transfer Register (E-PRTR) Regulation emitted to air, water and soil, paragraph 28 Indicator no. 8 Table 1 of Annex 1 Indicator no. 2 Table 2 of Annex 1 Indicator no. 1 Table 2 of Annex 1 Indicator no. 3 Table 2 of Annex 1 Included Pages 152-155 ESRS E3-1 Water and marine resources Paragraph 9 Indicator no. 7 Table 2 of Annex 1 Included Page 165 ESRS E3-1 Specific Policy Paragraph 13 Indicator no. 8 Table 2 of Annex 1 Immaterial ESRS E3-1 Sustainable oceans and seasparagraph (14) Indicator no. 12 Table 2 of Annex 1 Immaterial ESRS E3-4 Total water recycled and reused, point 28(c) Indicator no. 6.2 Table 2 of Annex 1 Included (see Table) Page 170 ESRS E3-4 Total water consumption in m3 per net revenue from own operationsparagraph 29 Indicator no. 6.1 Table 2 of Annex 1 Included (see Table) Page 170 ESRS 2- IRO 1 - E4point 16(a)(i) Indicator no. 7 Table 1 of Annex 1 Immaterial ESRS 2- IRO 1 - E4point 16(b) Indicator no. 10 Table 2 of Annex 1 Immaterial ESRS 2- IRO 1 - E4point 16(c) Indicator no. 14 Table 2 of Annex 1 Immaterial

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 13 of 189 Disclosure requirement and related data point SFDR Reference Pillar 3 reference Benchmark Regulation reference EU Climate Law Reference Reporting status Location in Report ESRS E4-2 Sustainable land/agriculture practices or policiespoint 24(b) Indicator no. 11 Table 2 of Annex 1 Immaterial ESRS E4-2 Sustainable Ocean/sea practices or policies, point 24(c) Indicator no. 12 Table 2 of Annex 1 Immaterial ESRS E4-2 Policies to combat deforestation, point 24(d) Indicator no. 15 Table 2 of Annex 1 Immaterial ESRS E5-5 Non-recycled waste point 37(d) Indicator no. 13 Table 2 of Annex 1 Included (see Table) Page 178 ESRS E5-5 Hazardous waste and radioactive waste paragraph 39 Indicator no. 9 Table 1 of Annex 1 Included (see Table) Page 178 ESRS 2- SBM3 - S1 Risk of forced labour incidents point 14(f) Indicator no. 13 Table 3 of Annex I Deferred ESRS 2- SBM3 - S1 Risk of child labour incidentspoint 14(g) Indicator no. 12 Table 3 of Annex I Immaterial ESRS S1-1 Human Rights Policy Commitments paragraph (20) Indicator no. 9 Table 3 and indicator no. 11 Table 1 of Annex I Deferred ESRS S1-1 Due diligence policies on issues addressed by International Labour Organization Fundamental Conventions 1-8 paragraph (21) Delegated Regulation (EU) 2020/1816, Annex II Deferred ESRS S1-1 Processes and measures to prevent trafficking in human beingsparagraph 22 Indicator no. 11 Table 3 of Annex I Deferred

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 14 of 189 Disclosure requirement and related data point SFDR Reference Pillar 3 reference Benchmark Regulation reference EU Climate Law Reference Reporting status Location in Report ESRS S1-1 Occupational accident prevention policy or accident management system, paragraph 23 Indicator no. 1 Table 3 of Annex I Deferred ESRS S1-3 complaint/complaint resolution mechanisms point 32(c) Indicator no. 5 Table 3 of Annex I Deferred ESRS S1-14 Number of deaths and number and rate of work-related accidents, point 88(b) and (c) Indicator no. 2 Table 3 of Annex I Delegated Regulation (EU) 2020/1816, Annex II Deferred ESRS S1-14 Number of days lost as a result of injury, accident, death or illness point 88(e) Indicator no. 3 Table 3 of Annex I Deferred ESRS S1-16 Gender pay gap in unadjusted form paragraph 97(a) Indicator no. 12 Table 1 of Annex I Delegated Regulation (EU) 2020/1816, Annex II Deferred ESRS S1-16 An excessive ratio of the Director- General's remuneration to that of workers, paragraph 97(b) Indicator no. 8 Table 3 of Annex I Deferred ESRS S1-17 Incidents of discrimination point 103(a) Indicator no. 7 Table 3 of Annex I Deferred ESRS S1-17 Non-compliance with the UN Guiding Principles on Business and Human Rights and the OECD Guidelines Paragraph 104(a) Indicator no. 10 Table 1 and indicator no. 14 Table 3 of Annex I Delegated Regulation (EU) 2020/1816, Annex II to Delegated Regulation (EU) 2020/1818, Article 12(1) Deferred ESRS 2 – SBM3 – S2 Significant risk of child labour or forced labour in the value chain point 11(b) Indicators no. 12 and no. 13 Table 3 of Annex I Deferred

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 15 of 189 Disclosure requirement and related data point SFDR Reference Pillar 3 reference Benchmark Regulation reference EU Climate Law Reference Reporting status Location in Report ESRS S2-1 Human rights policy commitments paragraph 17 Indicator no. 9 Table 3 and indicator no. 11 Table 1 of Annex 1 Deferred ESRS S2-1 Policies related to value chain workers paragraph 18 Indicators no. 11 and no. 4 Table 3 of Annex 1 Deferred ESRS S2-1 Non-respect of UNGPs on Business and Human Rights principles and OECD guidelines paragraph 19 Indicator no. 10 Table 1 of Annex 1 Delegated Regulation (EU) 2020/1816, Annex II to Delegated Regulation (EU) 2020/1818, Article 12(1) Deferred ESRS S2-1 Due diligence policies on issues addressed by the fundamental International Labor Organisation Conventions 1 to 8, paragraph 19 Delegated Regulation (EU) 2020/1816, Annex II Deferred ESRS S2-4 Human rights issues and incidents connected to its upstream and downstream value chain paragraph 36 Indicator no. 14 Table 3 of Annex 1 Deferred ESRS S3-1 Human rights policy commitments paragraph 16 Indicator no. 9 Table 3 of Annex 1 and indicator no. 11 Table 1 of Annex 1 Deferred ESRS S3-1 Non-respect of UNGPs on Business and Human Rights, ILO principles or and OECD guidelines paragraph 17 Indicator no. 10 Table 1 of Annex 1 Delegated Regulation (EU) 2020/1816, Annex II to Delegated Regulation (EU) 2020/1818, Article 12(1) Deferred ESRS S3-4 Human rights issues and incidents paragraph 36 Indicator no. 14 Table 3 of Annex 1 Deferred ESRS S4-1 Policies related to consumers and end- users paragraph 16 Indicator no. 9 Table 3 and indicator no. 11 Table 1 of Annex 1 Deferred

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 16 of 189 Disclosure requirement and related data point SFDR Reference Pillar 3 reference Benchmark Regulation reference EU Climate Law Reference Reporting status Location in Report ESRS S4-1 Non-respect of UNGPs on Business and Human Rights and OECD guidelines paragraph 17 Indicator no. 10 Table 1 of Annex 1 Delegated Regulation (EU) 2020/1816, Annex II to Delegated Regulation (EU) 2020/1818, Article 12(1) Deferred ESRS S4-4 Human rights issues and incidents paragraph 35 Indicator no. 14 Table 3 of Annex 1 Deferred ESRS G1-1 United Nations Convention against Corruption paragraph 10(b) Indicator no. 15 Table 3 of Annex 1 Included Pages 179 ESRS G1-1 Protection of whistle- blowers paragraph 10(d) Indicator no. 6 Table 3 of Annex 1 Immaterial ESRS G1-4 Fines for violation of anti-corruption and anti-bribery laws paragraph 24(a) Indicator no. 17 Table 3 of Annex 1 Delegated Regulation (EU) 2020/1816, Annex II Immaterial ESRS G1-4 Standards of anti- corruption and anti- bribery paragraph 24(b) Indicator no. 16 Table 3 of Annex 1 Immaterial Use of transitional provisions in accordance with Appendix C to ESRS 1 The group chooses to omit the information provided by: - ESRS 2 SBM-3 paragraph 48(e) (anticipated financial effects); - E1-6 Data points on Scope 3 GHG emissions and total GHG emissions; - E1-9 Anticipated financial effects from material physical and transition risks and potential climate-related opportunities; - E2-6 Anticipated financial effects from pollution-related impacts, risks and opportunities, except for the information set out in paragraph 40(b) on operating and capital expenditures incurred during the reporting period in relation to major incidents and landfills (qualitative information only); - E3-5 Anticipated financial effects from water and marine resources-related impacts, risks and opportunities; - E4-6 Anticipated financial effects from biodiversity and ecosystem-related impacts, risks and opportunities; - E5-6 Anticipated financial effects from resource use and circular economy-related impacts, risks and opportunities.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 17 of 189 In addition, given that the number of employees at group level does not exceed 750, the Group also chooses to omit information requested under ESRS S1, ESRS S2, ESRS S3 and ESRS S4. The minimum information on social topics that have been omitted under the above paragraph is contained below in accordance with Article 2(17) of Delegated Act (EU) 2023/2772. ESRS S1 – Minimum Disclosure Requirements Infinity Capital Investments S.A. The company believes that employees are essential for the success of any company, because through their dedication, creativity and expertise they contribute directly to achieving organizational goals and maintaining an efficient and innovative work environment. Ensuring diversity and equal opportunities is the company's concern to provide its employees with conditions for professional and personal growth, offering them a stimulating work environment, respecting the principles of diversity, non-discrimination and equal opportunities. At 31 December 2024, the company has 28 employees, of which 21 are women and 7 are men. Infinity Capital Investments S.A. attaches great importance to the continuous training process of employees in the fields in which they operate and in those that are related to the company's field of activity. The company respects the rights of its employees according to the national legislation on the workforce, rights provided for in the Collective Labor Agreement concluded between the company and the employees. These rights refer to working time, occupational safety and health, salary and other monetary rights, holidays and days off, the individual employment contract, the professional training of employees. The company also respects employees' rights to privacy and the protection of personal data. All employees of Infinity Capital Investments S.A. are covered by the Collective Labor Agreement. Also, a representative of the employees is appointed within the company to protect their rights. There is a permanent dialogue between the employees’ representative and the management. The responsibilities of Infinity Capital Investments S.A. are aimed at ensuring a safe and healthy working environment for its employees, for which purpose the company ensures all the necessary measures regarding protection, safety and health at work in order to prevent work accidents and occupational diseases.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 18 of 189 Annually, the company ensures employees' access to the occupational medicine medical service by organizing the medical examination of employees to determine their fitness for carrying out the job-specific activity. By virtue of the respect that Infinity Capital Investments S.A. has for its employees, the company has an ongoing collective health insurance package, for the benefit of each individual employee. Among the salary benefits granted according to the Collective Labor Agreement are the granting of a holiday bonus, meal vouchers and financial facilities in the form of financial aid, granted in case of family events (death), or paid days off for family events (marriage, birth, death). Depending on the bonus fund constituted, bonuses are awarded by the company's senior management to those employees who have engaged during the year in achieving outstanding results through the activity carried out. If the profit indicator established by the ‘Income and Expenditure Budget’ is achieved and the Ordinary General Meeting of Shareholders approves the distribution of remuneration in the form of an employees' profit-sharing scheme, employees may receive additional remuneration. The level of this remuneration is established according to the criteria set out in the company's Remuneration Policy. Through the ‘Succession Plan Procedure’, the company provides employees with access to training courses organized by relevant training providers, including internationally, in areas that can lead to increased employee performance within Infinity Capital Investments S.A.. Participation in professional training courses is open to all employees who wish to improve or expand the area of knowledge in fields of activity specific to the company's activity and for which they prove fit. As a result of the double materiality assessment process, the following material impacts emerged: Topic Sub-topic/Sub-sub topic I/R/O I/R/O Description Horizon Current/ potential S1 – Own workforce Working conditions/Safe workplaces Impact + All employees are employed for an indefinite period, ensuring the stability of the team without seasonal hiring. The Collective Labor agreement includes essential measures for the safety and health of employees, such as the prevention of accident risks, periodic information and training, as well as the creation of an appropriate organizational framework. ST Current

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 19 of 189 Topic Sub-topic/Sub-sub topic I/R/O I/R/O Description Horizon Current/ potential S1 – Own workforce Working conditions/Working time Impact + Infinity allows employees to manage their schedule according to personal needs, which has resulted in an obvious increase in employee morale and overall productivity. The working hours are from 9 a.m. to 5 p.m. The company has provided by an addendum that employees can work remotely at request or if the situation requires it. Also, the Collective Labor Agreement provides that if it is necessary for the employee to work overtime, he/she can make up for the hours worked through free time within 90 days from the date of the overtime or by paying the hours, if free time cannot be granted. ST Current S1 – Own workforce Adequate working conditions/wages Impact + There are salary packages with various forms of bonuses for medical services, meal vouchers, performance bonuses. ST Current S1 – Own workforce Working conditions/Collective bargaining, including the rate of workers covered by collective agreements Impact + Promoting a fair working environment, with respect for employees' rights through the Collective Labor Agreement drafted with the help of the employees' representative, has led to increased staff loyalty and retention. ST Current S1 – Own workforce Equal treatment and opportunities for all/Training and skills development Impact + The company values the personal development of employees, selecting training programs specific to the company's activity that cover the Romanian capital market legislation, the European Union legislation and the guidelines issued in their application. The offers of training programs received from authorized trainers are disseminated to all employees, who can choose to register for courses that suit their own skills and training in order to consolidate specialized knowledge and continuously improve the quality of the activities provided. ST Current S1 – Own workforce Equal treatment and opportunities for all/ Measures against violence and harassment in the workplace Impact- Insecurity at work, harassment (mobbing) and intense physical and psychological stress can have a negative impact on affected employees. These factors can cause low morale, increased absenteeism rate, long-term health problems. ST Potential S1 – Own workforce Other employment rights/Privacy Impact- Improper use of data and interference with employees' rights and freedoms can have a significant negative impact. These practices can lead to human rights violations and negative psychological consequences for employees, including increased stress and anxiety due to the constant feeling of supervision. Employees' trust in the employer is severely affected, which can diminish their morale and motivation, affecting performance and productivity at work. ST Potential

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 20 of 189 Argus S.A. Through the ‘Human Resources Policy’, Argus S.A. selects, hires and pays employees working within the company according to their professional skills for the work they perform, without discrimination based on age, sex, citizenship, marital status, race, religion, nationality, ethnic origin, color, sexual identity, sexual orientation, disability or any other characteristic protected by law. Argus S.A. provides full support to each employee in fulfilling the obligation to comply with the code of conduct, laws and rules in force and provides the necessary resources for this, including by organizing information and training sessions. At 31 December 2024, the Argus S.A. Group had 267 employees, of which 100 are women and 167 are men. All employees within the company are covered by the Collective Labor Agreement. At the level of the company, a trade union is established that protects the rights of employees and has the following duties: • participates in the negotiation of the Collective Labor Agreement; • participates in consultations with the employer regarding the respect of employees' rights, but also the obligations they have towards the employer, the internal regulations, labor discipline; • proposes measures related to working conditions, health and safety at work, working time, rest time, as well as any other aspects related to labor relations. Participation in discussions is made at the written request of the parties whenever necessary, and the meetings are documented through the minutes in which the proposed/negotiated solutions are mentioned. In 2024, a work accident occurred in the company. An Argus S.A. employee was working in the Amzacea base, sanitizing (cleaning) the concrete platform around the plant/warehouses. He lost his balance and fell on the concrete platform. He used his left hand to lean on during the fall, but he broke it. Following this event, the employee had to take 53 days of sick leave. In order to avoid such situations, the event and the causes that led to the occurrence of the event were presented/discussed with the company's staff, the risk level assessment of occupational accidents and illnesses, the prevention and protection plan were presented/discussed. In order to mitigate the potential negative impact identified related to safety at work, the company organizes periodic on-the-job trainings and ensures the necessary budget for protective equipment. In addition, Argus is also in the process of extending its signage, visibility panels, both for employees but also for third parties and service providers.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 21 of 189 The risk assessments carried out for each employee allow the identification and effective management of the hazards specific to the activities of each employee, increasing the level of protection. The collaboration with Medlife for health assessment and the implementation of periodic occupational health check-ups at the headquarters contributes to maintaining the health of employees and preventing long-term health risks. In 2024, based on data on personnel demographics, Argus S.A. analyzed the preparation of a plan for the development of employees' skills and knowledge, by training new-comers on industry-specific information and knowledge. In recent years (2022 – 2023), internal technical materials have been developed, such as training manuals, on different areas of specialization, which can be integrated into a periodic training plan for employees. In 2025, the company aims to organize development programs, with the support of internal or external trainers, to improve skills and improve specific knowledge. As a result of the double materiality assessment process, the following material impacts, risks and opportunities emerged: Topic Sub-topic/Sub-sub topic I/R/O I/R/O Description Horizon Current/ potential S1 – Own workforce Working conditions/ Employee security Impact + The company maintains a stable staff turnover and benefits from an experienced team. An insignificant percentage of Individual Labor Agreements are for a determined period. Job stability increases employee loyalty to the company, leading to greater engagement and increased productivity. Stability reduces staff turnover, which saves recruitment and training costs. Argus S.A. does not use labor outsourcing, having only its own employees. ST Current S1 – Own workforce Working conditions/ Adequate salaries Impact + The salaries offered exceed the threshold observed in the oil processing industry. The company provides additional benefits such as meal vouchers, transport reimbursement, granting additional days of leave depending on seniority and private or life medical insurance for all employees. For the activity carried out on weekends, overtime is paid. Holiday bonuses are also granted for special events. ST Current S1 – Own workforce Working conditions/ Freedom of association, the existence of labour councils and workers' rights to information, Impact + The existence of a union within the company creates a formal framework for collaboration between employees and management, facilitating the resolution of conflicts and the support of the collective interests of employees. The company has a social dialogue with the existing union in the factory, which is based on collaboration and openness to constructive discussions. The Collective Labor Agreement, which is currently being negotiated, ensures compliance with national law and creates a stable framework for labour relations, protecting both employees and employer. ST Current

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 22 of 189 Topic Sub-topic/Sub-sub topic I/R/O I/R/O Description Horizon Current/ potential consultation and participation. S1 – Own workforce Working conditions/ Safety and health Impact- Accidents at work (falls, exposure to dangerous and very dangerous chemicals) or conditions caused by repetitive work lead to health problems. MT Current S1 – Own workforce Equal treatment and opportunities for all/ Gender equality and equal pay for work of equal value Impact + Argus S.A. has mixed teams, in terms of gender, in all departments which are effective in problem solving and making decisions due to the diversity of approaches and working styles. The turnover of women's personnel in this segment is low. The presence of women in leadership roles is high. There are no pay gaps between women and men; any salary variation is based solely on individual performance. ST Current S1 – Own workforce Equal treatment and opportunities for all/Training and skills development Impact + There is a minimum training program, based on ‘mentoring’, where an experienced colleague shows new employees the tasks. Particular trainings are carried out by the direct managers. Also, two years ago, an on-the-job training program was implemented, as there were many unskilled workers. Study materials were designed, trainings were organized, and exams were held at the end, as a result of which the workers were promoted from unqualified to qualified. Heads of department and other managers attended trainer courses, giving them the opportunity to train employees and qualify them. There are also mandatory trainings, regulated by law, for certain positions, such as those in power plants and for firemen. ST Current S1 – Own workforce Equal treatment and opportunities for all/ Diversity Impact + Argus S.A. promotes diversity and inclusion within the company, regardless of nationality/religion according to the ‘Code of Ethics’. ST Current S1 – Own workforce Working Conditions/Safe Workplaces Risk As experienced employees approach retirement, there is a risk of losing the know-how and essential skills they have accumulated. Lack of qualified personnel, which could affect the efficiency and quality of production processes if knowledge transfer and replacement are not properly managed. At the moment, the company is trying to keep experienced employees active, allowing them to cumulate their pension with their salary. ST

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 23 of 189 Topic Sub-topic/Sub-sub topic I/R/O I/R/O Description Horizon Current/ potential S1 – Own workforce Working Conditions/Safe Workplaces Opportun ity Implementing a development plan on knowledge transfer and mentoring for the development of new employees through dedicated programs and ensuring the continuity of expertise and training the company's future leaders or specialists. The company can identify and train internal talent in advance or hire new staff to fill these positions. Increasing diversity by bringing in a younger, more diverse workforce with new skills and perspectives. MT Electromagnetica S.A. Electromagnetica S.A. has implemented a Code of Ethics that addresses all its employees. Through this code, the company does not admit any kind of discrimination in the workplace and ensures equal opportunities and treatment. At 31 December 2024, the Electromagnetica S.A. Group had 124 employees, of which 48 are women and 76 are men. The company examines and applies objectively the criteria for assessing professional competence for subordinate personnel, when proposing or approving promotions, transfers, appointments or dismissals from positions or the granting of material or moral incentives, excluding any form of bias or discrimination. A trade union is established at company level to protect the rights of employees. The employer and the Electromagnetica Trade Union recognize each other as permanent social partners. The parties agree to make efforts to promote a normal working climate in compliance with the provisions of the law, the Collective Labor Agreement and the Internal Regulations. Also, through the ‘Code of Ethics’, Electromagnetica S.A. stresses that acts or facts that may lead to the deterioration of labor relations, the impairment of physical or mental health or the compromise of the professional future are strictly prohibited; any verbal, non-verbal or physical form that aims at or leads to the injury of the dignity of the person concerned or that creates a humiliating and offensive environment is prohibited.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 24 of 189 As a result of the double materiality assessment process, the following material impacts emerged: Topic Sub-topic/Sub- sub topic I/R/O I/R/O Description Horizon Current/ potential S1 – Own workforce Equal treatment and opportunities for all/ Gender equality and equal pay for work of equal value Impact + The implementation of transparent recruitment and promotion practices within the company, based on the necessary competence and professional experience, as well as the integrity of candidates, underlines ELMA's commitment to gender equity. The evaluation of employees' activity and skills is done exclusively on the basis of objective, sustainable, measurable, fit-for- purpose and constantly monitored performance criteria. This approach ensures a fair and transparent process for all employees. In addition, the internal salary analysis has shown that there are no gender-based pay gaps, which confirms the company's commitment to maintaining equal pay between women and men. Thus, a fair and equitable work environment is promoted, which contributes to employee satisfaction, talent retention and increased organizational performance. Within ELMA's management, the balanced gender distribution, with a ratio of approximately 50- 50, shows that the company promotes an inclusive and equitable work environment. Also, in the board of directors, the presence of 3 men and 2 women reflects the company's commitment to ensuring fair representativeness, reinforcing the organization's reputation as a workplace that respects equal opportunities. ST Current S1 – Own workforce Other labour rights/Forced labour Impact + Through its code of ethics, the company mentioned that acts or deeds that lead to affecting the physical or mental health of employees are strictly prohibited. MT Current S1 – Own workforce Working conditions/Social dialogue Impact + There is a trade union; trade union representatives are included in decisions; they are present in a daily operative meeting with all the heads of the workplace, where each and every one presents the problems they face; the president of the trade union also participates in this meeting. ST Current

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 25 of 189 Topic Sub-topic/Sub- sub topic I/R/O I/R/O Description Horizon Current/ potential S1 – Own workforce Working conditions/Freed om of association, existence of labour councils and workers' rights to information, consultation and participation Impact + The existence of a union within the company creates a formal framework for collaboration between employees and management, facilitating the resolution of conflicts and the support of the collective interests of employees. The company has a social dialogue with the existing union in the factory that is based on collaboration and openness to constructive discussions. The Collective Labor Agreement, which is currently being negotiated, ensures compliance with national law and creates a stable framework for labor relations, protecting both employees and employer. ST Current Real Estate & Hotels Within this value chain, at 31 December 2024, the total number of employees is 140, of which 98 are women and 42 are men, in most branches the number of employees is very low, except for Mercur S.A. (30 employees), Complex Hotelier Dâmbovița SA (32 employees) and Turism Pucioasa SA (38 employees). Companies Mercur S.A., Complex Hotelier Dâmbovița SA and Turism Pucioasa SA have drawn up a Collective Labor Agreement that applies to all employees and have appointed an employee representative who is in charge with protecting employees' rights. The other companies which have a small number of employees do not have Collective Labor Agreements, but the rights and obligations of the employees are regulated by individual labor agreements. In 2024, there were no work accidents within the subsidiaries included in this value chain. Hotel Turism Pucioasa holds the ISO 45001:2015 Certificate on the occupational health and safety management system. As for the other subsidiaries within this value chain, the health and safety policies at work are not formalized, but the subsidiaries comply with the legislation on employees’ health and safety at work, with no complaints from employees or sanctions from the competent authorities being registered in 2024. As a result of the double materiality assessment process, the following material impacts/risks emerged:

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 26 of 189 Topic Sub-topic/Sub- sub topic I/R/O I/R/O Description Horizon Current/ potential S1 – Own workforce Working Conditions/Safe Workplaces Impact + Companies in the Real Estate and Hotels value chain are hiring for an indefinite period. Also, there were no seasonal employees and jobs were also provided for unqualified workers. In order to ensure a safe workplace, the companies support the on-the-job qualification of these types of employees, in compliance with the legal conditions. ST Current S1 – Own workforce Working conditions/Health and safety Impact- Exposing employees to potential workplace accidents, such as falls or exposure to hazardous chemicals, as well as illnesses caused by repetitive work and stress, can have serious consequences for their health and safety. In case of renovations, prolonged exposure to toxic substances can lead to significant health problems for employees, tenants and customers, including irritation, allergic reactions or more serious conditions. These situations can negatively affect staff morale, increase absenteeism and staff turnover, and damage the company's reputation, resulting in a decrease in customer loyalty and overall performance. ST Potential S1 – Own workforce Working conditions/Health and safety Risk Accidents and occupational diseases lead to absences, decreased productivity and additional costs for companies in the real estate and hotels sector. ST S1 – Own workforce Working conditions/ Freedom of association, the existence of labour councils and workers' rights to information, consultation and participation. Impact + The existence of a trade union in the companies creates a formal framework for collaboration between employees and management, facilitating the resolution of conflicts and the support of employees’ collective interests. ST Current S1 – Own workforce Equal treatment and opportunities for all/Diversity Impact- The exclusion of certain groups of people can have a negative impact, leading to decreased quality of life, discrimination and reduced creativity and productivity. Discrimination and systematic harassment (mobbing) can have health consequences, leading to health problems or even the inability to work. ST Potential S1 – Own workforce Equal treatment and opportunities for all/Diversity Risk The lack of effective diversity and inclusion policies and measures can pose a risk due to employee demotivation, decreased productivity, as well as costly litigation and reputational damage, all of which negatively affect financial performance and competitiveness. ST

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 27 of 189 Topic Sub-topic/Sub- sub topic I/R/O I/R/O Description Horizon Current/ potential S1 – Own workforce Equal treatment and opportunities for all/ Measures against violence and harassment in the workplace Impact + Through internal procedures and the ‘Guide to protection against harassment at work’ diversity and inclusion are promoted. ST Current ESRS S2 – Minimum Disclosure Requirements Electromagnetica S.A. The company has drawn up a procedure called ‘Procurement Procedure’ through which it has implemented a process of evaluating its suppliers both in terms of the quality of the deliverables, the delivery time, but also if they hold quality certificates for the deliverables. Also, the company has provided through this Policy a Supplier Evaluation Questionnaire which provides for aspects related to the supplier's impact on the environment, but also regarding health and safety at work and employee training. However, the questionnaire does not provide for aspects related to the provisions of the collective labor agreement/individual labor agreement, the social dialogue of employees in the value chain. Given that 2024 was the first year in which the impacts, risks and opportunities regarding the value chain were identified, at this time the deadlines have not yet been established for updating the internal procedures for integrating the social aspects (which have material results in the double materiality assessment process) in the evaluation process of Electromagnetica S.A.’s suppliers.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 28 of 189 As a result of the Double Materiality Assessment, the following impacts and risks emerged: Topic Sub-topic/Sub- sub topic I/R/O I/R/O Description Horizon Current/ potential S2 – Workers in the value chain Working Conditions/Safe Workplaces Impact- Electromagnetica does not have a supplier selection policy requesting information from potential suppliers regarding employees in the value chain. ST Current S2 – Workers in the value chain Working Conditions/Worki ng Time Impact- Electromagnetica does not have a supplier selection policy requesting information from potential suppliers regarding employees in the value chain. ST Current S2 – Workers in the value chain Working conditions/Social dialogue Risk Operational risks: Lack of dialogue can lead to dissatisfaction regarding employees in the value chain whose performance may be affected, thus suppliers may not deliver products/services at an agreed level of quality/promptness Image risk Competitiveness risk: Also, Electromagnetica's customers may discontinue the business relationship if negative aspects regarding the employees in the value chain are discovered. ST Real Estate & Hotels This value chain also includes subsidiary Flaros SA, which in 2024 started the construction of a residential building. The company does not have additional measures imposed for workers in the value chain, because the labor legislation in Romania has specific legislation for the construction activity and which suppliers have the obligation to respect, i.e. Resolution No 300/2006 regarding the minimum safety and health requirements for temporary or mobile construction sites. Following the Double Materiality Assessment, the following material impact was identified: Topic Sub-topic/Sub- sub topic I/R/O I/R/O Description Horizon Current/ potential S2 – Workers in the value chain Working Conditions/Health & Safety Impact- Companies that do not impose strict safety standards on construction sites and in building maintenance activities may experience a higher number of accidents. ST Potential

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 29 of 189 ESRS S4 – Minimum Disclosure Requirements Infinity Capital Investments S.A. The company carries out its activity in accordance with the provisions of the Romanian legislation and pays special attention to protecting the rights of its shareholders. Infinity Capital Investments S.A. makes every effort to ensure fair treatment to all its shareholders, providing them with relevant and up-to-date information that will enable them to exercise their rights in a fair manner. The company also pays increased attention to strengthening corporate governance mechanisms at the company level. Infinity Capital Investments S.A. is fully committed to safeguarding the confidentiality of personal data of its employees, shareholders, investors, partners, and suppliers. Infinity Capital Investments S.A. processes personal data in accordance with the provisions of EU Regulation 2016/679 of April 27, 2016, on the protection of personal data and the free movement of such data (GDPR), in its capacity as a data controller. The Data Processing Policy of Infinity Capital Investments S.A., available on the company's website at the following link: https://infinitycapital.ro/wp- content/uploads/Politica-de-confidentialitate_prelucrare-a-datelor_EN.pdf, outlines how personal data is processed and where such data is used. The publication of personal data of individuals on the company's website and the use of personal data by the company's employees who have accessed such data in the course of their duties or incidentally shall only be permitted provided that it does not infringe upon the fundamental rights and freedoms of the respective individuals and complies with the applicable legal provisions. In the event of changes to the applicable legal provisions or to the company’s organizational and operational structure, INFINITY CAPITAL INVESTMENTS S.A. undertakes to adapt its personal data processing procedure accordingly and to inform the public of any such modifications. Additional information can be obtained at the company’s headquarters located in Craiova, Str. Tufănele no. 1, Dolj County, or by phone at +40 251 419 397, fax +40 251 419 340, or via the website www.infinitycapital.ro and email at dpo@infinitycapital.ro. The protection of personal data within INFINITY CAPITAL INVESTMENTS S.A. is ensured by Decalex Digital S.R.L.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 30 of 189 Shareholders' and investors' trust are closely related to both the company's financial performance, but also to transparent communication, which means equal access to information for all stakeholders. The relevant information is published on the BVB website and on its own website, both in Romanian and in English. Infinity Capital Investments S.A. is an alternative investment fund for retail funds authorized by the Financial Supervisory Authority. In accordance with the specific legislation of the capital market, Infinity Capital Investments S.A. has the following obligations: - to keep a record of the registration of each petition, as well as of the measures taken to solve it. - to provide the applicant, upon request or upon receipt of a complaint, with written information regarding the internal process of solving petitions within a maximum of 5 working days from the date of registration of the document; - to make accessible to the public at its headquarters and on the company's website, on a permanent basis, the procedure for solving petitions, the contact details necessary in case of requesting information on the status of the petition resolution, as well as the methods of alternative dispute resolution provided by the legal provisions in force; - to hold and maintain at the registered office a single petition register in secure electronic format, per calendar year, in which the petitions are renumbered from 01 at the beginning of each year, and recorded chronologically, as they are received, regardless of how they are received; - to respond to each petition received from the applicants in a simple and easy-to-understand language, within a maximum of 30 days from the date of registration, regardless of whether the solution is favorable or unfavorable. The company has implemented the ‘Petition Resolution Procedure’ (Procedura de soluționare a petițiilor) which is available on the company's website at the following link: https://infinitycapital.ro/wp-content/uploads/Procedura-de-solutionare-a-petitiilor.pdf During 2024, Infinity Capital Investments S.A. registered 3 petitions from the Company's shareholders requesting the distribution of dividends, the reduction of the discount at which INFINITY shares are traded compared to the net asset value per unit (NAV per unit). The company sent the response to the applicants within the legal deadline. Also, the company has an email address dedicated to petitions, namely: petitii@infinitycapital.ro.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 31 of 189 Topic Sub-topic/Sub-sub topic I/R/O I/R/O Description Horizon Current/ potential S4 - Consumers and end-users Information-related impacts for consumers and/or end-users/ Privacy Impact - The processing of personal data by Infinity and third parties may pose significant risks, potentially leading to negative consequences such as data breaches, improper data processing, economic impact on shareholders, intangible damages, reputational harm, and financial losses ST Potential S4 - Consumers and end-users Information impacts for consumers and/or end-users/freedom of expression Impact + Investors have at their disposal various communication channels regarding any observation/complaint, namely email, telephone, website – at the General Shareholders' Meeting meetings. Infinity Capital Investments S.A. has a policy dedicated to petitions submitted by investors published on its website. Also, petitions are registered in a petition register, communicated quarterly to the Financial Supervisory Authority. MT Current S4 - Consumers and end-users Information impacts for consumers and/or end-users/freedom of expression/Access to products and services Impact + Infinity Capital Investments S.A. supports easy access to services, and the inclusive business company model generates positive results for investors. These practices allow more people to benefit from financial opportunities, contributing to economic growth and social well-being. In addition, the inclusion of various investor segments strengthens trust in the company. ST Current Argus S.A. Argus S.A. is a company recognized for its commitment to quality and food safety. In accordance with the requirements of the Food Safety System Certification 22000 (FSSC 22000), the company guarantees the safety and quality of its products throughout the entire production chain, from raw materials to delivery to consumers and end users. The FSSC 22000 certification is a testament to Argus S.A.'s ongoing commitment to meeting the highest international standards in the field of food safety. Within the production process, Argus S.A. implements a rigorous food safety management system that includes clear procedures for monitoring, risk control and product traceability. This system is supported by quality policies that guarantee that each batch of oil produced complies with strict food safety regulations, giving consumers confidence and safety in its products.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 32 of 189 With FSSC 22000 certification, Argus S.A. demonstrates not only compliance with legal regulations, but also commitment to the continuous improvement of its processes and products. In addition, it provides clear information about the products manufactured, ensuring that end-users are fully informed about the products they purchase. More information is available on the company's website at the following link https://www.argus- oil.ro/ro/produse/ulei-imbuteliat. Also, Argus S.A. holds the ISO 9001:2015 Quality Management System Certification that ensures that the organization complies with international requirements regarding the quality of its products and services. The implementation of this standard confirms the commitment of Argus S.A. to continuous improvement, customer satisfaction and efficiency of internal processes. In accordance with the legal provisions applicable to the agricultural sector, Argus S.A. periodically takes samples for sunflower seeds purchased in order to verify the level of pesticides in the seeds at an authorized laboratory. The company has a self-control plan that they submit annually to the Sanitary Veterinary and Food Safety Directorate of Constanta. The labeling of Argus S.A. products is carried out according to the legal provisions in force and contains information on the nutritional values, the raw material used, storage conditions and manufacturing and expiration terms, such as a contact number. In 2024, Argus S.A. did not register any complaints. In order to continuously improve the quality of its products, Argus S.A. sent customers a questionnaire through which feedback was obtained on the quality of its products as well as on the collaboration with the Company's staff. As a result of the results received, the quality of the products of Argus S.A. has been classified as adequate/excellent. Following the Double Materiality Assessment, the following impacts, risks were identified as material: Topic Sub-topic/Sub-sub topic I/R/O I/R/O Description Horiz on Current/ potential S4 – Consumers and end-users Personal safety of consumers and/or end- users/ Health and safety Impact- Non-compliant products/products with an impact on health. ST Potential S4 – Consumers and end-users Personal safety of consumers and/or end- users/ Health and safety Risk Compliance risks regarding quality, safety of use and product labelling, especially given the complex production process of sunflower oil, also include the potential risk of purchasing and processing sunflower seeds contaminated with a higher degree of ST

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 33 of 189 Topic Sub-topic/Sub-sub topic I/R/O I/R/O Description Horiz on Current/ potential pesticides than accepted. Regulation (EC) No 396/2005 provides for the monitoring of pesticide residues, and in this regard Argus S.A. submit the self-check plan to the Constanta DSVSA annually, on the basis of which we are verified through background checks. Electromagnetica S.A. Given that the Company is listed on the Bucharest Stock Exchange, the dissemination of information is carried out in accordance with the rules of the FSA, respecting the rules of transparency and non-discriminatory treatment. Electromagnetica S.A. publishes its financial reports in accordance with generally accepted accounting principles and legal regulations in force. The company presents in the Report of the Board of Directors the information regarding the lines of activity carried out by Electromagnetica S.A.. More information can be found in the consolidated financial statements of the Electromagnetica S.A. Group available both on the company's website and on the Bucharest Stock Exchange, symbol ELMA. Also, for the electricity supply activity, the company presents information to consumers on its website at the following link: https://electromagnetica.ro/produse-servicii/furnizare-de-energie-electrica/informare-consumatori/. Regarding the production of LED lamps and charging stations for electric vehicles, the company has published the catalogs of its products with the technical specifications on its website at the following link: https://electromagnetica.ro/produse-servicii/. Following the Double Materiality Assessment, the following material impact was identified: Topic Sub-topic/Sub- sub topic I/R/O I/R/O Description Horizon Current/ potential S4 – Consumers and end-users Information impacts for consumers Impact + Correctly and transparently informing consumers about energy-efficient products and charging stations for electric vehicles will positively influence the company's image and consumes’ trust in the products and services offered. ST Current

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 34 of 189 Topic Sub-topic/Sub- sub topic I/R/O I/R/O Description Horizon Current/ potential and/or end- users/Freedom of expression Given that the company is listed on the Bucharest Stock Exchange, the dissemination of information is done according to the F.S.A. rules, respecting the rules of transparency and non- discriminatory treatment. Electromagnetica S.A. publishes its financial reports in accordance with generally accepted accounting principles and legal regulations in force. These reports reflect the company's position and financial result, thus ensuring that accurate and complete information is provided to all stakeholders. Real Estate & Hotels Within this value chain, Flaros SA, Alimentara S.A., Mercur S.A. and Construcţii Feroviare Craiova are companies listed on the Bucharest Stock Exchange on the AeRO market, being subject to compliance with the provisions of the Code of Governance of the Bucharest Stock Exchange. Thus, these companies publish current reports on the activity carried out within the deadlines provided by the legal frameworks. Also, each company in this value chain has a web page where it publishes relevant information on the activity carried out, the relevant information being accessible to the general public. In 2024, companies in this value chain registered 63 petitions, of which: - 39 petitions targeted the hotel sector regarding aspects regarding the services offered, most of which were solved; - 24 petitions regarding the real estate sector regarding water infiltration, power outage, floods. Following the complaints received, the companies have taken measures to remedy the deficiencies/problems identified by the tenants. As a result of the Double Materiality Assessment, the following material impact emerged: Topic Sub-topic/Sub- sub topic I/R/O I/R/O Description Horizon Current/ potential S4 – Consumers and end-users Information impacts for consumers and/or end-users/freedom of expression Impact + Providing clear and transparent channels for tenants and customers to voice their concerns (e.g. hotlines, complaint mechanisms) that leads to improved customer satisfaction and facilitates effective problem management. There is also a designated person responsible for managing GDPR issues. Each customer signs ST Current

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 35 of 189 Topic Sub-topic/Sub- sub topic I/R/O I/R/O Description Horizon Current/ potential a data processing agreement. Customer feedback is managed through a customer’s card, available at the reception desk for suggestions and complaints. There is a ticketing system in place to facilitate contacting and managing customer requests.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 36 of 189 2. Governance

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 37 of 189 2.1. [GOV-1] – ROLE OF THE ADMINISTRATIVE, MANAGEMENT AND SUPERVISORY BODIES Infinity Capital Investments S.A., as an issuer listed in the Premium category of the Bucharest Stock Exchange, is permanently concerned with complying with the corporate governance principles of the BVB Corporate Governance Code and Regulation No 2/2016 on the application of the principles of corporate governance by the entities authorized, regulated and supervised by the Financial Supervisory Authority. 2.1.1. BOARD OF DIRECTORS (BoD) Composition of the Board of Directors: The Board of Directors of Infinity Capital Investments S.A. provides a high level of expertise in areas essential to the company's activity, such as the capital market, financial-banking sector, accounting and financial auditing, high-level economic education and law.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 38 of 189 The diversity of professional training and individual expertise of the Board members allow for an efficient and high-quality approach to all strategic and operational aspects of the company. The level of competence and specialization of each member is reflected in the CVs published on the website at: https://infinitycapital.ro/membrii-consiliului-de-administratie/, but also in their commitment to continuous professional development. All members of the Board of Directors have extensive and relevant experience in the fields in which Infinity Capital Investments S.A. operates, with significant professional achievements. Therefore, their expertise and qualifications, together with those of the senior management team, ensure that the company's activity is carried out in the best conditions, efficiently and at the highest professional standards. The Board of Directors of Infinity Capital Investments S.A. consists of 5 members, of which 2 members are executives, and 3 members are non-executive and comply with the independence criteria provided by Company Law No 31/1990.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 39 of 189 Diversity on the Board of Directors Ensuring diversity and equal opportunities is the company's concern to provide its employees with conditions for professional and personal growth, offering them a stimulating work environment, respecting the principles of diversity, non-discrimination and equal opportunities. Representation of employees and other workers At the General Meeting of Employees of 21.10.2024, Mrs. Mirela Dănescu was appointed as the employees' representative. According to the Collective Labor Agreement of Infinity Capital Investments S.A., the company may invite the employees' representative to the meetings of the Board of Directors when issues regarding their rights are discussed. Participation is allowed on an observer-based condition, with the right to express an opinion, but without the right to vote. In 2024, the employees' representative did not participate in the meetings of the Board of Directors.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 40 of 189 The employees’ representative is involved in discussions in the event of workplace conflicts or disciplinary investigations of employees. The employees’ representative does not have a formal role within the company's administrative, management or supervisory structures. Role of the Board of Directors The company is managed in a unitary system by a Board of Directors composed of 5 natural person members elected by the Ordinary General Meeting for a period of 4 years, with the possibility of reelection. The invalidation of one or more members of the Board of Directors by the competent authority leads, for those concerned, to the loss of their directorship status. The date from which the new members of the Board of Directors and the officers exercise their mandate is the date of authorization by the Financial Supervisory Authority. The members of the Board of Directors must meet the minimum requirements regarding knowledge, professional skills and experience, good reputation, honesty and integrity and governance, provided by the regulations and legal provisions applicable to the operation of Infinity Capital Investments S.A.. The Board of Directors consists of the majority of non-executive members, of which no less than two members are independent. Independence is established in accordance with the applicable legislation as well as with the internal regulations of the company. The Board of Directors assesses the independence of its non-executive members annually. The Board of Directors has the following responsibilities regarding the application of the principles of corporate governance: • ensures the strategic management of the company and meets the objectives set by the General Meeting of Shareholders; • design of the company's Business Plan and obligation to carry out the evaluation of its financial position; • ensures that there is an adequate framework for verifying the way in which the specific legislation on reporting to the FSA is applied, as well as the information transmitted to the FSA, at its request, regarding certain actions taken by the company; • has the obligation to establish relevant criteria for monitoring the results of the activity of the Senior Management and of the company as a whole and to evaluate the application of the criteria annually; • analyzes the adequacy, efficiency and updating of the risk management system, in order to effectively manage the assets held by the company, as well as the management of the related risks to which it is exposed;

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 41 of 189 • analyzes the internal control system that is established at the company level and ensures that it is independent of the organization’s operational and support structures that it controls and monitors; • ensures compliance with the requirements regarding the outsourcing/delegation of operational activities or functions both before it is carried out and throughout the duration of the outsourcing/delegation; • analyzes and establishes the company's remuneration policy, so that it corresponds to the business strategy, objectives and long-term interests and includes measures to prevent the occurrence of conflicts of interest. The Board of Directors also makes sure that all remuneration-related commitments are correctly and responsibly structured and that remuneration policies enable and promote effective risk management without leading to risk-taking that exceeds the level of the company's risk tolerance; • The Board of Directors and the Senior Management, as the case may be, have the obligation to communicate with the stakeholders based on a communication strategy to ensure at least a fair treatment for shareholders and stakeholders, the communication of information in a timely manner and the provision of a transparent communication framework; • approves the company's risk appetite and tolerance limits, as well as the procedure for identifying, assessing, monitoring, managing and reporting significant risks to which it is or may be exposed; • develops clear action plans to ensure business continuity and for emergency situations in order to eliminate risks or minimize them, plans that are evaluated every six months by the Board and the Senior Management. • has the responsibility to ensure the development and application of ethical and professional standards to determine professional and responsible behavior at the level of the company in order to prevent the emergence of conflicts of interest. In 2024, the meetings of the Board of Directors were held in accordance with the Operating Regulation of the Board of Directors, as well as with the applicable statutory and legal provisions. In total, the Board of Directors held 42 meetings in 2024, ensuring effective governance and rigorous oversight of the company's activities. The participation rate of the members of the Board of Directors in 2024 was 100%, with each director being present at all meetings held.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 42 of 189 2.1.2. BOARD OF DIRECTORS’ ADVISORY COMMITTEES The Board of Directors may set up advisory committees in compliance with the relevant legal provisions. The Board of Directors of Infinity Capital Investments S.A. includes: the Audit Committee, the Nomination and Remuneration Committee and the Investment Policies and Strategies Committee. In 2024, the Board of Directors of Infinity Capital Investments S.A. was supported in its activity by three advisory committees, each having a specific role in the corporate governance and strategic decision-making process. The composition of the advisory committees is as follows: 1. Nomination and Remuneration Committee: • Andreea Cosmănescu – Non-Executive Director • Codrin Matei – Non-Executive Director • Mihai Zoescu – Non-Executive Director 2. The Audit Committee: • Mihai Zoescu – Non-Executive Director (Chairman) • Andreea Cosmănescu – Non-Executive Director • Codrin Matei – Non-Executive director 3. Investment Policy Committee - Strategies: • Codrin Matei – Non-Executive Director (Chairman) • Andreea Cosmănescu – Non-Executive Director • Mihai Zoescu – Non-Executive Director Role of the Advisory Committees: • Audit Committee

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 43 of 189 The Audit Committee exercises its duties under the supervision of the Board of Directors, has an advisory role, consists of 3 (three) members, non- executive directors, and at least one of its members has expertise in the field of accounting and statutory auditing, proven by qualification documents in such areas. The Chair of the Committee is an independent non-executive director. The Audit Committee of Infinity Capital Investments S.A. plays an essential role in overseeing the internal control, compliance and risk management systems, ensuring the transparency and integrity of financial and sustainability reporting, in accordance with the legal provisions in force. Its main responsibilities include the annual assessment of the internal control and audit system, monitoring the effectiveness of risk management and compliance, and reviewing the independence of the financial auditor. The Committee also reviews and approves internal audit reports, corrective action plans and risk management strategies. • Nomination and Remuneration Committee The Nomination and Remuneration Committee of Infinity Capital Investments S.A. has an advisory role, assisting the Board of Directors in the process of selecting, evaluating and appointing the members of the Board and the persons holding key positions, while ensuring a fair and sustainable remuneration system. It sets the criteria for the appointment of directors, monitors their independence and performance, and ensures that new members are properly trained. It regularly analyses and reviews the remuneration policy to ensure that it is aligned with strategic objectives without encouraging risk-taking that is not in line with the risk profile, including sustainability risks. • Investment Policy Committee - Strategies The Investment Policy Committee - Strategies supports the Board of Directors of Infinity Capital Investments S.A. in defining and implementing the investment strategy. It analyses the performance of the portfolio of financial instruments, assesses the risks associated with the investments and issues recommendations on investment and divestment opportunities. In addition, it monitors compliance with the investment strategy and the limits of competence established by the General Meeting of Shareholders and the Board of Directors. Composed of non-executive directors with experience in the capital market, the Committee ensures transparency and accountability in the decision-making process and prepares half-yearly reports to the Board of Directors, contributing to the optimization of financial performance and to a sustainable management of investment resources.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 44 of 189 2.1.3. Senior management The Board of Directors elects from among its members a President and a Vice-President. The President serves as General Manager of Infinity Capital Investments S.A., and the Vice President as Deputy General Manager. The President and, in his/her absence, the Vice-President represent the Company in relations with third parties. The Vice-President replaces the President and assumes his/her duties and responsibilities when he/she is absent. The senior management of Infinity Capital Investments S.A. at 31 December 2024 consists of:  Sorin - Iulian Cioacă – President - General Manager  Mihai Trifu – Vice-President - Deputy General Manager 2.1.4. Sustainability Governance Structure As this is the first reporting year, the current sustainability governance has allowed us to identify and assess material impacts, risks and opportunities (IROs), ensuring clear and effective reporting of sustainability issues. To support this process, the following measures have been implemented: • careful supervision of the project by the executive management, including the review and approval of the results of the double materiality assessment; • involvement of the Risk Manager in the process of identifying and assessing impacts, risks and opportunities and support from the Risk Manager in the preparation of the sustainability report; • identification of internal experts at the level of each branch, who have benefited from training. They not only contributed to the identification and evaluation of IROs, but were also involved in the data collection process, ensuring the accuracy and relevance of the information reported.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 45 of 189 At this time, no sustainability-related objectives are set at the level of the Infinity Capital Investments S.A. Group. For 2025, we plan to analyze the opportunity of improving the sustainability governance structure in order to more effectively manage sustainability themes with significant impact. The new approach will strengthen accountability and involvement in managing impacts, risks and opportunities across the Group. Sustainability Expertise • Collaboration with external experts: Infinity Capital Investments S.A. collaborates, when necessary, with external sustainability consultants to benefit from specialized knowledge or to request additional external opinions from consultants on the confirmation of its approaches. • Training programs: Members of the Board of Directors and senior management participated in regular training sessions in 2024 to stay up to date with the latest trends and best practices in the field of sustainability. Relevance to Material Impacts, Risks and Opportunities • Material impacts: Sustainability expertise supports the identification and reduction of environmental impacts associated with the company's activities, such as carbon reduction and efficient waste management. • Risks: Knowing sustainability risks allows the company to anticipate and manage potential regulatory changes, supply chain disruptions, and reputational risks. • Opportunities: Expertise in the field facilitates innovation and the development of sustainable solutions, strengthening market competitiveness and responding to the growing demand for environmentally responsible products and services.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 46 of 189 2.2. [GOV-2] – INFORMATION PROVIDED TO AND SUSTAINABILITY MATTERS ADDRESSED BY THE UNDERTAKING’S ADMINISTRATIVE, MANAGEMENT AND SUPERVISORY BODIES During these meetings, a series of topics relevant to the company's sustainability strategy were addressed and analyzed, reflecting its commitment to ESG principles. Topics of strategic interest in the field of sustainability discussed at Board level include: • Approval of the Statement on the main adverse impacts of investment decisions on sustainability factors for 2023; • Approval of the Non-Financial Statement of the Infinity Capital Investments S.A. group for 2023; • Assessment of the risk management system, which also includes sustainability risk; • Analysis of the impact of the buyback of own shares on own funds and financial sustainability; • Assessment of compliance with regulations on the prevention and combating of money laundering and compliance with the international sanctions regime; • Contracting limited assurance services regarding this Sustainability Report; • Approval of the Collective Labor Agreement; • Approval of variable remuneration to the company's employees; • Approval of the Stock Option Plan for share distribution free of charge to the Company's directors, officers, employees, in order to build their loyalty, as well as to reward them for the activity carried out within the Company, according to the performance criteria to be established by the Board of Directors; • Approval of the Social Responsibility Policy, Corporate Governance Regulation; • Approval of the Risk Management Policy which includes the main risks to which the Company is exposed, including sustainability risks.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 47 of 189 During 2024, the Audit Committee approved the Non-Financial Statement of the Infinity Capital Investments S.A. Group, in which relevant environmental, governance and social indicators were presented. Given that it was the first year in which the materiality assessment was carried out and all aspects related to impacts, risks and opportunities were identified, no information was made to the Board of Directors regarding the material impacts, risks and opportunities identified, but the Senior Management was directly involved and informed about these aspects, and the list of significant IROs was discussed with the task force at a meeting in which the list was approved by the Senior Management. This report will be endorsed by the Audit Committee and approved by the Board of Directors. 2.3. [GOV-3] – INTEGRATION OF SUSTAINABILITY-RELATED PERFORMANCE IN INCENTIVE SCHEMES The remuneration policy aims to create the conditions for the implementation of a remuneration system that leads to an efficient management activity, in order to increase the company's value in the long term, under risk-taking conditions in accordance with the risk profile of Infinity Capital Investments S.A. and the relevant legal regulations. The Remuneration Policy aims to ensure that the level and composition of remuneration correspond to long-term objectives and strategy, and that performance is decisive in determining remuneration. The remuneration policy is designed in such a way that the level of remuneration within Infinity Capital Investments S.A. is well sized, in order to attract, retain and motivate competent and experienced people within the Board of Directors, senior management, as well as among the company's employees. At the same time, the Remuneration Policy does not introduce incentives that could lead to the favouring of self-interest to the detriment of the interests of the company. The remuneration policy developed and implemented at Infinity Capital Investments S.A. does not encourage excessive risk- taking in relation to sustainability-related risks, but is correlated with risk-adjusted performance (the remuneration structure being focused on obtaining a certain level of profit). The risk-aligned performance assessment is carried out annually, within an appropriate framework, to ensure that the evaluation process is performance-based and that the actual payment of the performance-dependent components of variable remuneration is made over a period that takes into account the company's policies and the risks of the business carried out.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 48 of 189 The company publishes a Remuneration Report annually in which it presents the way in which the Remuneration Policy has been applied throughout the financial year. For 2024, the Remuneration Report will be published after approval by the General Meeting of Shareholders on the company's website at the following link https://infinitycapital.ro/raport-anual-de-remunerare/. Currently, neither the Board of Directors nor other members of the administrative, management and supervisory structures benefit from financial incentives related to sustainability objectives. With the development and maturation of strategic objectives and transition plans, the company will assess the feasibility of aligning sustainability objectives with the performance reward system. 2.4. [GOV-4] – STATEMENT ON SUSTAINABILITY DUE DILIGENCE The Infinity Capital Investments S.A. Group has applied a due diligence process that includes the following main elements: Main elements of the due diligence process Key points Reference to the relevant section of the Report (a) Inclusion of due diligence in governance, strategy and business model  Integrating sustainability risks into the investment strategy  Selection and evaluation of suppliers GOV-2 – Information provided to and sustainability matters addressed by the undertaking’s administrative, management and supervisory bodies GOV-3 – Integration of sustainability-related performance in incentive schemes SBM-2 – Interests and views of stakeholders (b) Working with affected stakeholders at all key stages of the due diligence process  Interests and views of stakeholders  Active involvement of customers, consumers and end- users GOV-2 – Information provided to and sustainability matters addressed by the undertaking’s administrative, management and supervisory bodies SBM-2 – Interests and views of stakeholders

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 49 of 189 (c) Identification and assessment of adverse impacts  Impacts identified by materiality assessment  Argus maintains an open communication channel with end-users, having a dedicated website and phone number for feedback and complaints.  It has also implemented a whistleblower protection mechanism and takes responsibility for adverse impacts if they are reported.  Customer Satisfaction Program - Argus IRO-1 Description of the processes to identify and assess material impacts, risks and opportunities E-2 Policies related to climate change mitigation and adaptation E2-1 Policies related to pollution E3-1 Policies related to water and marine resources E5-1 Policies related to resource use and circular economy (d) Taking action to address these adverse impacts  Based on the adverse impacts and risks identified within the double materiality process, we will analyze the possibility of implementing mitigation measures. SBM-3 Material impacts, risks and opportunities and their interaction with strategy and business model IRO-1 Description of the processes to identify and assess material impacts, risks and opportunities E3-2 Actions and resources related to water and marine resources E5-2 Actions and resources related to waste management G1-3 Prevention and detection of corruption and bribery e) Monitoring the effectiveness of these efforts and communicating The Statement on Due Diligence Policies on the Consideration of the Main Adverse Effects of Investment Decisions on Sustainability Factors issued by Infinity Capital Investments S.A. states that the company takes into account the main adverse effects of investment decisions on sustainability factors, and is therefore governed by the provisions of Article 4(1), letter a) of Regulation (EU) 2019/2088 on sustainability in the financial services sector. The statement is available on the company's website at the following link: https://infinitycapital.ro/wp-content/uploads/politica_diligenta.pdf. Argus S.A. The supplier evaluation policy ensures that they meet quality, safety and compliance requirements. The process includes: • continuous monitoring of supplier performance • validation of products, services and manufacturing processes • assessment of the competences of suppliers' staff

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 50 of 189 In addition, customers were consulted on the company's strengths and points for improvement, offering suggestions for optimizing the commercial relationship and the services offered. Also, through its environmental policy, Argus S.A. is committed to collaborating with suppliers who adopt responsible cultivation methods, comply with ecological standards and share a commitment to sustainability. Electromagnetica S.A. The vendor selection process is based on a documented prior assessment, carried out through audits and/or questionnaires, according to strict criteria: • technical capability • compliance with legal regulations • commercial criteria • quality standards • compliance with social criteria and sustainability principles Accepted vendors are included in the ‘Agreed Vendors List’, followed by a trial period during which their products and services are monitored for compliance. 2.5. [GOV-5] - RISK MANAGEMENT AND INTERNAL CONTROL OVER SUSTAINABILITY REPORTING 2.5.1. Risk management Infinity Capital Investments S.A. Parent company Infinity Capital Investments S.A. formalizes its approach to risk management through the Risk Management Policy.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 51 of 189 The SFDR Regulation (Regulation (EU) 2019/2088) defines sustainability in terms of two key concepts: • sustainability risks • negative impact on sustainability Infinity Capital Investments S.A. is indirectly exposed to sustainability risks, which are determined by the specific characteristics of the portfolio companies. Risks vary depending on the sector of activity, from social aspects, workforce and respect for human rights, to environmental impact and the transition to the circular economy. To manage these risks, the company monitors sustainability regulations and integrates risk analysis into internal portfolio management procedures, informing investment and divestment decisions. Issuers' financial and non-financial/sustainability reports, ESG scores (where available) and specific analyses are used in the assessment of sustainability risks to identify major risks. In the investment process, the Risk Management Office verifies the sustainability impact of each issuer, comparing its activity with the areas considered high risk. Continuous monitoring allows the identification and management of potential risks that may affect investment performance, ensuring an acceptable level of risk for the company. Also, in order to prevent/mitigate the sustainability risk, in the process of assessing possible new investment opportunities and expressing the risk opinion, the Risk Management Office verifies whether or not the concerned issuer's field of activity is in the list of areas of activity that may generate significant sustainability risks, and subsequently analyzes the issuer's ESG score (if available) and applies screening to establish the sustainability risk of the investment. List of areas of activity that may generate significant sustainability risks: Infinity Capital Investments S.A. will only make well-justified investments in the following sectors of activity: a. Production or sale of pesticides/herbicides and other hazardous substances; b. Production or sale of ozone-depleting substances;

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 52 of 189 c. Production or sale of products containing polychlorinated biphenyls; d. Production or sale of radioactive materials; e. Production or sale of unbound asbestos fibres; f. Sale of wild species of fauna and flora or production or sale of products from wild species of fauna and flora subject to CITES; g. Cross-border movement of waste prohibited under international law; h. Activities prohibited by Romanian legislation or international conventions regarding the protection of biodiversity or cultural heritage resources; i. Production or sale of narcotic drugs; j. Fishing with towed nets in the marine environment using nets over 2.5 km in length; k. Production or sale of arms and ammunition; l. Export of mercury and mercury compounds, as well as manufacture, export and import of a wide range of mercury-added products; m. Tobacco production or sale; n. Gambling, casinos, and equivalent businesses; o. Keeping animals for the main purpose of producing fur or any activities involving the production of natural fur. More information on the sustainability risk assessment methodology is available on the company's website at the following link: https://infinitycapital.ro/wp-content/uploads/Metodologie-ESG-IULIE-2024.pdf. Investment risk assessment For each investment proposal, the Risk Management Office prepares a risk analysis that presents the following sustainability criteria: 1. Sustainability risks – Sustainability impacts, including environmental, social and governance (ESG) risks. 2. Compliance with environmental objectives – Contribution to objectives such as carbon reduction, circular economy, protection of natural resources and biodiversity.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 53 of 189 3. Social responsibility – Supporting projects in education, health, culture, art or humanitarian actions. 4. Human capital development – Commitment to the training and professional development of employees. 5. Business continuity plan – The ability to maintain operations in crisis situations. 6. Corporate governance – Compliance with the principles of ethics, transparency and responsibility ESG risks can have a significant impact on other relevant company risks, such as credit risk, market risk, liquidity risk and operational risk. Infinity Capital Investments S.A. integrates in the decision-making process, based on the publicly available information, and also assesses the relevant sustainability-related risks, namely those environmental, social or governance events or conditions that, if they were to occur, could have an impact on the financial profitability of the investments made. In this regard, Infinity Capital Investments S.A. also takes into account the sustainability assessment data of certain economic activities, by using the various ESG ratings that are available for portfolio companies or for those in which investments would be made. In the event that ESG ratings are not available for a particular company, both financial and non-financial available data (such as reports made by independent bodies relating to that sector of activity or to that company, the nature of the disputes in which the company is involved, information about the company in the media, etc.) are used. Senior management regularly ensures and verifies that risk limits are implemented and complied with, including policies that provide for the integration of ESG risks into investment decision-making and risk management. ESG risk issues are analyzed and integrated into the Risk Opinion subject to approval by the Investment Policy Committee - Strategies and the approval of the Board of Directors/Senior Management. The person responsible for risk management ensures the implementation of the Risk Management Policy, including the analysis of sustainability risks in the risk management process and in the Risk Opinion regarding the investment opportunities proposed for approval by the Board of Directors/Senior Management.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 54 of 189 Risk management at subsidiaries Argus S.A. implements a rigorous risk management system, aligned with international quality and environmental standards. Risk management is formalized through the Quality Manual, developed in accordance with ISO 9001 requirements, which ensures a systematic approach to monitoring and controlling operational risks. In addition, the company holds ISO 14001 certification, which requires environmental risk assessment and management. In this context, Argus S.A. periodically conducts environmental risk analyses, with the aim of identifying, preventing and mitigating potential impacts on the ecosystem, thus strengthening its commitment to sustainability and compliance with environmental regulations. Also, Electromagnetica S.A. implemented a formalized risk management system in accordance with the Internal Risk Policy. The company holds the following certifications: - ISO 9001:2015 – ‘Quality management systems. Requirements’; - ISO 14001:2015 – ‘Environmental Management Systems - Requirements with User Guide’; - ISO 45001:2018 – ‘Occupational health management systems. Requirements and guidelines for use’; - IATF 16949:2016 – ‘Requirements of Quality Management Systems for Automotive Production and Relevant Spare Parts Organizations’; - Accreditation certification for compliance with the requirements of ISO 17025: 2018. The other subsidiaries implement risk management processes in a non-formalized manner, adapted to the operational specificity of each entity. These processes are applied in a practical and contextual way, without being structured in a formalized framework, but with the main objective of identifying, preventing and managing the risks associated with the activities carried out. 2.5.2. Internal Control In 2025, the opportunity to develop an internal control methodology regarding non-financial information at the level of the Infinity Capital Investments S.A. Group will be analyzed.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 55 of 189 3. Strategy 3.1. SBM-1 - STRATEGY, BUSINESS MODEL AND VALUE CHAIN Infinity Capital Investments S.A. Infinity Capital Investments S.A. is one of the main managers of alternative investment funds (FIA – fonduri de investiții alternative), providing financial solutions for retail investors. At the end of December 2024, the Group managed assets worth almost EUR 840.6 million. Established on 1 November 1996, according to Law no. 133/1996, the company consolidated its presence on the capital market, being listed on the Bucharest Stock Exchange since 1 November 1999, with a free-float of 100%. Infinity Capital Investments S.A. is a stable presence on the Romanian capital market following the sustained trading activity on the Bucharest Stock Exchange, being classified in the Premium category on the main market. The company's main field of activity is NACE code 649 - other financial intermediation activities, excluding insurance and pension fund activities, and its main activity is NACE code 6499 - other financial intermediation n.e.c. As an alternative investment fund manager, Infinity Capital Investments S.A. has the following main activities: Fig.3.1 Main activities of Infinity Capital Investments S.A. Portfolio management Risk management

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 56 of 189 The Company, as A.F.I.A., may also carry out other activities such as: Administration of the entity: • legal and accounting services of the fund; • requests for information from customers; • monitoring compliance with applicable law; • income distribution; • issuance and redemption of shares; • record-keeping. Activities related to FIA assets, namely: • services necessary for the performance of A.F.I.A.'s management duties, infrastructure management, real estate management, advice to entities on capital structure, industrial strategy and related issues, advice and services on mergers and acquisitions of entities, as well as other services related to the management of the F.I.A. and companies and other assets in which it has invested. The main objective of Infinity Capital Investments S.A.'s investment strategy is to increase the performance of its portfolio, as a result of the long-term increase in the value of assets managed, correlated with the increase in investment income. At the same time, Infinity Capital Investments S.A. will seek to reduce the non-systemic risk of the portfolio, including by investing in issuers that have a negative correlation in relation to the main companies in the portfolio. Main strategic objectives: 1. Improving the quality of the portfolio, by pursuing a risk-return balance considering: • investing in issuers with the potential to increase the value of their own assets on the capital market, but with a low non-systemic risk (especially in those with a weak correlation with portfolio issuers) to avoid increasing concentration risk; • reducing exposure to high-risk issuers (to protect the portfolio from possible high fluctuations).

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 57 of 189 2. Portfolio diversification and rebalancing The company has analyzed investment opportunities in financial instruments, equity securities and shares of unlisted companies. It will also assess the partial or full sale of some portfolio holdings, depending on market conditions and available opportunities, using transparent mechanisms such as the capital market or public tenders. 3. Consideration of ESG risks The Company recognizes the impact of ESG risks on financial performance and includes sustainability criteria in the analysis of investment opportunities, evaluating the non-financial results and ESG ratings of issuers. 4. Portfolio consolidation by pursuing holdings with solid dividend yield or long-term growth potential Infinity Capital Investments S.A. monitors and analyzes developments in the regulation and supervision of these sectors, in order to identify certain decisions or recommendations of the supervisory authorities, which may have an impact on the dividend policy of the companies in the portfolio of Infinity Capital Investments S.A. 5. Management of portfolio holdings The activity of the companies in the portfolio - especially those in which Infinity Capital Investments S.A. holds controlling or majority stakes - will continue to be closely monitored. Infinity Capital Investments S.A. value chain (Parent company) Upstream value chain Inputs Main activity Results and effects Downstream value chain Identification and preparation of investments: • Partnerships with the Central Depositary, banks and other financial institutions for capital allocation • Due diligence analysis and risk assessment to assess the viability of investments Infinity Capital Investments S.A. relies on several inputs to support and develop its investment portfolio: • Financial capital – Generated from retained earnings and equity, providing a solid foundation for investment Infinity Capital Investments S.A. strategically manages its investments by: • Portfolio diversification – Allocating funds across multiple industries and asset classes to reduce risk • Increasing the capitalization of investees Direct benefits: • Financial returns – Generating shareholder value through capital appreciation and dividend income • Increased shareholder value – Delivering competitive returns while maintaining risk-adjusted performance • Investment impact and value distribution • Presentation of financial results and compliance with relevant regulations • Distribution of dividends and realization of capital gains for investors

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 58 of 189 • Working with regulators to ensure compliance • Human capital – Skilled professionals, especially in investment management, risk assessment, and finance, play a crucial role in decision-making • Compliance and governance – Complying with financial regulations, ESG frameworks, and risk management practices to maintain ethical and compliant operations • Investments – data-driven market analysis and strategic assessments to identify opportunities with high potential • Risk assessment and ESG screening – Integrating financial and sustainability risk assessment into investment strategies • Stakeholder engagement and governance – Ensuring transparent reporting and ethical business practices • Stakeholder trust – Strengthening relationships with investors, regulators and communities Long-term impact Contributing to the development of capital markets and the resilience of the financial sector Long-term portfolio resilience – ensuring financial stability through strategic and diversified investments • Assessing the long-term impact on economic growth and sustainability efforts

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 59 of 189 Group Argus S.A. Argus S.A. is one of the most prominent companies in Romania in the field of oilseed processing. The company processes sunflower and rapeseed to produce crude oil, refined oil, protein meals, and other by-products. With a history of more than 70 years in the art of vegetable oil manufacturing, Argus S.A. is concerned with continuously providing its customers with quality products that please all its consumers, the quality of Argus oil being, moreover, recognized throughout the country. The structure of the Group is presented below: In March 2024, Comcereal S.A. (subsidiary of Argus S.A.) sold its stake in Cereal Prest SRL. Thus, at 31 December 2024, Argus S.A., the parent company, consolidates only companies Comcereal S.A. and Argus Trans SRL.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 60 of 189 The main products sold by the company are: - bottled/bulk refined oil; - crude oil; - fodder meals; - fatty acids. Also, the bottled refined oil portfolio includes: - Argus – premium brand, 1-, 2- or 5-liter PET; - Tomis – medium brand, of 1- and 2-liter PET; - Sora Soarelui – low brand, 1- and 2-liter PET; - Sorica – low brand, 1-liter PET. The company's main customers are producers in the canned products industry who purchase refined oils in bulk, and bottled refined oils are sold through regional distributors to serve traditional trade locations and modern trade customers (hypermarket, supermarket, discounter, etc.). The processes are carried out according to the Integrated Quality and Environmental Management System, the company holding the following certifications:  Food Safety System 22000, FSSC 22000  ISO 9001:2015 - Quality Management System  ISO 14001:2015 - Environmental Management System Certification  "Zero Waste" Silver level  KOSHER Certification (Q4 2024)  HALAL Certification (WIP)

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 61 of 189 The presentation of the value chain of the Argus S.A. Group can be found in the following table: Upstream value chain Inputs Main activity Results and effects Downstream value chain Sourcing and Pre-production: • Collaboration with farmers and suppliers of oilseeds • Purchase and storage of seeds in silos to ensure production continuity • Transportation and delivery of raw material to the factory Main resources: • Raw materials – Oilseeds selected from various sources to ensure production continuity • Energy and utilities – Optimized resources to streamline the production process and reduce environmental impact • Packaging and auxiliary materials – Selected according to food safety and sustainability standards • Logistics and transport services – Efficient supply and distribution system for optimizing costs and delivery times • Industrial technology and equipment – Used for refining and packaging vegetable oils according to quality standards • Chemical and auxiliary materials – Used in the refining and treatment process of products, according to the standards in force Production Products: • Refined and crude vegetable oil – sold for domestic and industrial consumption • Sunflower and rapeseed meal – Product used in the feed industry • Ash resulting from processing – Used in agriculture or other industries Benefits for stakeholders: • Customers (retail & food industry) – Safe, high-quality, compliant and sustainable products • Distributors and retailers – Stable partnerships and efficient sourcing for retail chain optimization • Agri-food industry – Essential raw materials for the production of food and biofuels • Investors – Sustained economic performance and increased competitiveness on the market • Communities – Supporting the local economy through collaborations with local farmers and suppliers Distribution and market: • Distribution of products to supermarket chains and international retailers • Delivery to the agri-food sector and feed industry • Capitalization of by-products in various industries to optimize the use of resources

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 62 of 189 Electromagnetica S.A. Group In 2024, Electromagnetica S.A. had the following main lines of business: A. Production of goods - LED lighting fixtures, systems and solutions For over 12 years, Electromagnetica S.A. has invested significant resources in the research and production of LED lighting systems and electric vehicle charging stations. The competitive advantage of LED lighting equipment lies in its high efficiency (over 160 lm/w), long service life (minimum 100,000 hours) and high colour rendering index (minimum 85%). In addition, LED luminaires provide quality light, are environmentally friendly and allow integration into tele management/smart city systems. - Charging stations Following an internal analysis in which the profitability generated by the charging stations was analyzed, the Board decision of 20 October 2024 approved the sale of the electric vehicle charging station production activity, consisting of the entire design, manufacture, operation and service activity related to the production of electric vehicle charging stations, technical documentation, materials, components and subassemblies, the

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 63 of 189 ELmotion platform, etc., practically the entire line of business. Thus, through the current report of 21 October 2024, Electromagnetica S.A. informed shareholders and investors about the organization of an auction on 6 November 2024 for the sale of this business line. No bids were submitted to this auction. Also, an auction was organized on 20 November 2024 for which no bids were submitted. As of 31 December 2024, the process of selling the electric vehicle charging station production business was underway. - Plastic Injection Production In 2024, Electromagnetica S.A. produced injected plastic subassemblies for both the domestic market and for export. As of 31 December 2024, the company owned a number of 22 injection molding machines, most of the products manufactured being parts and components for LED lighting fixtures, power tools, electrical circuit protection equipment as well as injected parts for the automotive market. Following an internal analysis in which the profitability generated by this business line was analyzed, the Board of Directors approved on 17 November 2024 the auction sale of plastic injection machines. - Rail traffic safety features The sales of railway traffic safety elements remained almost constant compared to last year, the orders for this production segment being largely dependent on the pace of modernization of the railway infrastructure, given that CFR Infrastructură is the final beneficiary of these services. B. Electricity production and supply The energy production achieved by the Company's micro-hydropower plants in 2024 was regulated by ANRE, for which the company has been holding production license since 2007. Following an internal analysis in which the profitability generated by the production of electricity was analyzed, the Board of Directors approved the auction sale of the asset consisting of 11 micro-hydropower plants located in Suceava County. During the auction organized on 7 August 2024, at the headquarters located in Bucharest, Calea Rahovei no. 266-268, sector 5, which was a competitive open outcry auction, the asset consisting of 11 Small Power Hydroelectric Power Plants (CHEMPs) located in the hydrographic basin of the Suceava River, composed of land, buildings and equipment, all owned by ELECTROMAGNETICA S.A., at the price of 33,550,000 lei, to which VAT is applied, depending on the legal provisions, was awarded. On 18 September 2024, the Activity Transfer Contract was signed.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 64 of 189 On 21 November 2024, ANRE communicated Decision no. 2450 of 19 November 2024 on the withdrawal of License no. 769 for the commercial exploitation of electricity production capacities, granted to Electromagnetica S.A. by Decision no. 104/22 January 2007 of the President of ANRE. In 2024, the measures to streamline the activity started of 2023 and to adapt to legislative changes were continued, through the integrated operation of activities in the field of electricity production and supply. The optimization measures can be summarized as follows: • renegotiation of contracts with customers; • permanent monitoring of the creditworthiness of both the PC-OTC (EFET) market partners and the consumer portfolio; • contracting the purchase of energy for final consumers when opportunities have arisen in the market. C. Renting spaces and real estate development Only the business lines related to production was included in the Electromagnetica S.A. value chain. The space rental activity was included in the real estate and hotels value chain. The group of companies for which Electromagnetica S.A. is the parent company was formed of Procetel SA, Electromagnetica Fire SRL and Electromagnetica Prestserv SRL, mainly representing outsourcing of services. In the first half of 2024, as a result of the efficiency of the activity and the outsourcing to third parties of some services provided by Electromagnetica Fire SRL and Electromagnetica Prestserv SRL, their operational activity ceased. As a result, in the first half of 2024, the Board of Directors of Electromagnetica S.A. authorized the start of the procedures for the closure of these entities, a process that is pending completion at 31 December 2024. Also, in the General Meeting of Shareholders held of Procetel S.A. on 18 November 2024, the dissolution of the Procetel SA subsidiary was approved, the dissolution date being set 30 days after the publication of the Resolution of the General Meeting of Shareholders in the Official Journal. At 31 December 2024, the process was ongoing.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 65 of 189 Description of the value chain of Electromagnetica S.A. Upstream value chain Inputs Main activity Results and effects Downstream value chain Collaboration with suppliers of plastics, metals and packaging materials that meet quality requirements and delivery times Virgin plastic compounds Plastic mass processing Assembly plastic table injection Construction hand tools (drills, grinders, lawnmowers) The production of goods such as LED lighting fixtures, systems, and solutions, charging stations, plastic injection molding, and railway traffic safety elements. Other raw materials for packaging (foil, pallets, Masterbatch) Wiring harnesses for the automotive industry Fuse port for electrical applications Car interior parts Silicon steel Production of CFR relays Railway builders Bronze, brass Virgin plastic compounds Enameled winding wire Other raw materials for packaging (foil, pallets, carton boxes) Transported electricity Electricity intermediation ELMA self-consumption Corporate clients Purchase of electricity for domestic consumption and for intermediation Water Electricity production: 11 low-power hydroelectric power plants* Contract-based supply of energy to commercial users (*assets were sold in September 2024)

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 66 of 189 Real estate and hotel affiliates Within this value chain, the following subsidiaries of the Infinity Capital Investments S.A. Group are included: Branch name Value chain Activity carried out 1. Provitas S.A. Real Estate & Hotels Commercial space rental 2. Alimentara S.A. Real Estate & Hotels Commercial space rental 3. Flaros SA Real Estate & Hotels Commercial space rental 4. MERCUR S.A. Real Estate & Hotels Rental of commercial spaces within Mercur Center shopping center and two other properties 5. Voltalim S.A. Real Estate & Hotels Commercial space rental 6. Construcţii Feroviare Craiova SA Real Estate & Hotels Commercial space rental 7. Aliment Murfatlar SRL Real Estate & Hotels Commercial space rental 8. Gemina Tour SA Real Estate & Hotels Commercial space rental 9. Complex Hotelier Dâmbovița SA Real Estate & Hotels Services Commercial space rental Others 10. Turism Pucioasa SA Real Estate & Hotels Accommodation services, spa treatments, rentals, other activities 11. Lactate Natura SA Real Estate & Hotels No operational activity in 2024. The company was involved in dairy production until 2022 when the activity was interrupted; at the moment, the company has put assets up for sale. 12. Gravity group consisting of: • Gravity Capital Investments SA (parent company) • Gravity Real Estate Investments SRL • Gravity Real Estate ONE SRL Real Estate & Hotels Within Gravity Group, Gravity Real Estate ONE SRL carries out the office rental activity, while Gravity Capital Investments SA and Gravity Real Estate Investments SRL carry out holding activities. 13. Grup Electromagnetica S.A. Real Estate & Hotels Commercial space rental 14. Univers SA Real Estate & Hotels Commercial space rental – Subsidiary sold in March 2024

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 67 of 189 A. Hotel services This business line within the Infinity Capital Investments S.A. Group includes the Complex Hotelier Dâmbovița and Hotel Turist Pucioasa and Gemina Tour SA (activity carried out until the end of January following the sale of the business line).  Dâmbovița Hotel Complex Located in the center of Târgoviște, Dâmbovița Hotel* offers premium accommodation, an international restaurant, a bar and a conference room for business events. Târgoviște benefits from a growing tourism, supported by its cultural and historical heritage, generating a positive economic impact on the region.  Turism Pucioasa Hotel – Spa Tourism Part of Turism SA Pucioasa, Turist Pucioasa Hotel* offers spa and wellness services, including sulphurous water pools, sauna, salt mine and jacuzzi. Sulphurous waters are known for their therapeutic effects on rheumatic, dermatological and respiratory conditions, contributing to relaxation, detoxification and revitalization. The treatment base offers physiotherapy and physical therapy, including post-traumatic recovery programs and Kineto Home services. B. Real estate and hotels Of the subsidiaries included in this segment of activity, the most representative activities are carried out by:  Provitas S.A. The company owns a commercial space on the ground floor of a building located in Bucharest, on bulevardul Unirii, nr. 14, 4 th District, having a total usable area of 1,513.70 sqm and a leasable area of 1,005 sqm, as well as the related undivided share of land of 251.46 sqm.  Electromagnetica S.A. It owns at Calea Rahovei nr. 266-268 a total area of 37,500 sqm, of which 31,100 sqm is for rent, with an occupancy rate of 82.93%. It also owns an area of 3,270 sqm in the Vârtejul area, of which 3,230 sqm is for rent, with an occupancy rate of 98.78%.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 68 of 189  Flaros S.A. The company owns several estates for rent in Bucharest, the most representative of which is an industrial property located in Bucharest on strada Ion Minulescu nr. 67-93 3 rd District, consisting of 17 buildings with a built area of 36,717 sqm, of which 16,342 sqm are leased. Also, the company has an ongoing residential real estate project across an area of 879 sqm.  Mercur S.A. The Company's main asset is the Mercur Center building, with an area of 13,276 sqm, of which 12,665 sqm are retail spaces and 611 sqm are warehouses.  Voltalim S.A. The company's activity is focused on the rental of owned commercial spaces and offices, totaling over 15,500 sqm located in the city of Craiova. Also, the portfolio of properties also includes built-up land with an area of approximately 14 ha located in areas with development potential in the Municipality of Craiova, as well as in the locality of Ilovăț in Mehedinți County.  Aliment Murfatlar S.R.L. The company owns 10 properties, of which nine are buildings (commercial spaces on the ground floor of the building – usable area of 4,853 sqm) and a building-free built-up land in the city of Constanta – 3,040 sqm. Description of the value chain specific to hotel services and space rental: Upstream value chain Inputs Main activities Outputs and effects Downstream value chain Property acquisition: identification and purchase of real estate/land in areas with high (touristic or commercial) potential. Renovation and arrangement: construction works, interior design and equipping of spaces to meet safety and comfort standards. Real estate assets and hotel infrastructure Buildings, land and other property acquired or held under administration. Investments in renovation, arrangement and modernization to maintain the quality and attractiveness of the spaces. The group of companies specialising exclusively in the real estate and hotel services sector (e.g. development, management and rental of properties as well as the operation of accommodation units and restaurants) bases its business model on: For customers Offering comfortable and varied accommodation spaces (from standard rooms to luxury apartments). Access to additional facilities: conference rooms, wellness centers, restaurants, parking spaces, etc. Distribution channels: booking platforms, own websites, collaborations with traditional travel agencies. Feedback and continuous improvement: collecting customer opinions, satisfaction analyses, adjusting offers (room types,

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 69 of 189 Utility and service providers: concluding contracts with water, energy, internet companies, as well as with security, cleaning, technical maintenance companies. Workforce and specialized services Qualified staff in hotel administration, marketing, property management and technical maintenance. Partnerships with design, architecture, interior design firms, as well as with suppliers of equipment and materials (for renovations and modernizations). Utilities and support services Acquisition of cleaning, security, maintenance, IT and other ancillary services. Contracts with electricity, water, internet and communications suppliers, necessary for the operation of accommodation spaces and administration offices. • Real estate portfolio management: acquisition, development, renovation and rental of spaces (commercial, residential or mixed). • Hotel and tourism services: management of hotels, hostels and other accommodation structures, offering event spaces, restaurants and other facilities for customers (leisure and/or business tourism). Real estate consulting services (rental, management) for clients who want to rent commercial or residential spaces. additional services, promotional packages). At the level of the Infinity Capital Investments S.A. Group, there are no products that are restricted or prohibited on certain markets.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 70 of 189 Geographical distribution of the Infinity Capital Investments S.A. group Crt. No. Branch Registered office Number of employees as of 31 December 2024 1. Infinity Capital Investments S.A. Dolj 28 2. Alimentara S.A. Olt 2 3. Aliment Murfatlar SRL Constanta 1 4. Argus Trans SRL Constanta 5 5. Comcereal S.A. Tulcea 32 6. Argus S.A. Constanta 230 7. Cereal Prest SRL Tulcea 0 8. Construcţii Feroviare Craiova SA Dolj 2 9. Gravity Capital Investments SA Group Bucharest 1 10. Mercur S.A. Dolj 30 11. Voltalim S.A. Dolj 13 12. Gemina Tour SA Rm. Vâlcea 1 13. Provitas S.A. Bucharest 1 14. Flaros SA Bucharest 18 15. Grup Electromagnetica S.A. Bucharest 129 16. Univers SA Rm. Vâlcea 0 17. Turism Pucioasa SA Dâmbovița 38 18. Complex Hotelier Dâmbovița SA Dâmbovița 32 19. Lactate Natura SA Dâmbovița 2

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 71 of 189 The breakdown of revenues, as presented in the financial statements by significant sectors of activity of ESRS as of 31 December 2024, is presented as follows: In LEI Group Financial services Commercial and trade space rentals Manufacture of instruments and devices for measurement, verification, control Food industry (mainly the production of sunflower oil and sunflower derivatives) Tourism Income Gross dividend income 158,759,779 157,240,792 1,518,539 - - 448 Interest income 11,924,602 8,030,484 1,558,064 1,905,780 361,259 69,015 Revenue from customer contracts 353,903,200 - 27,839,193 97,670,343 219,386,704 9,006,960 Other operating income 64,255,596 52,735 5,246,306 42,473,083 16,407,758 75,714 Net gain on revaluation of financial assets at fair value through profit or loss 710,577 710,577 - - - - With regard to the intra-group revenues of significant additional sectors according to ESRS, the following table shows the list of revenues by business sectors that have been eliminated from the consolidated financial statements: Entity Value Activity description Sector of activity Affiliated entity Provitas S.A. 120,780 Rental income Commercial space rental Infinity Capital Investments S.A. 19,701 Rental income Commercial space rental Gravity Capital Investments S.A. 11,940 Rental income Commercial space rental Gravity Real Estate One S.A. 14,030 Rental income Commercial space rental Gravity Real Estate Investments S.A. 32,834 Rental income Commercial space rental Argus S.A. 3,543 Utilities (revenues reclassified to account 461 at 30 June 2024) Commercial space rental Argus S.A.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 72 of 189 Entity Value Activity description Sector of activity Affiliated entity 448 Interest income Mercur bonds Investment Mercur S.A. Infinity Capital Investments S.A. 4,928 Interest on bonds Investment Mercur S.A. Voltalim S.A. 42,000 Cleaning services Commercial space rental Infinity Capital Investments S.A. Mercur S.A. 53,335 Rental income Commercial space rental Voltalim S.A. 2,425 Rental income Commercial space rental Voltalim S.A. Argus S.A. 2,486 Rental income Commercial space rental Aliment Murfatlar S.R.L. Alimentara S.A. 3,424,140 Income from the sale of shares in Aliment Murfatlar Investment Voltalim S.A. Lactate Natura S.A. 339,490 Sale of equipment Commercial space rental Argus S.A. 7,920 Services Commercial space rental Argus S.A. The Infinity Capital Investments S.A. Group does not carry out activities in the fossil fuel sector, the manufacture of chemical products, in the field of controversial weapons or the tobacco cultivation and production sector. But it has exposures in the fossil fuel and chemical manufacturing sectors. In 2024, Infinity Capital Investments S.A. focused its efforts on developing the infrastructure necessary to implement Sustainability Reporting in accordance with the European Sustainability Reporting Standards (ESRS). At the same time, we invested in the formation of the project team, ensuring a better understanding of sustainability issues and how they influence both our investment activity and the operations of the subsidiaries. Through the double materiality assessment, we have identified the main impacts, risks and opportunities (ROIs), and in the next stages, we will evaluate the implementation of the best strategies for their management. Time horizons related to the analysis of impacts, risks and opportunities as defined in ESRS 1 section 6.4. At the same time, we will carry out a detailed evaluation of the core products and services as soon as we define and formalize our strategic sustainability goals, thus ensuring optimal alignment with the principles of sustainable development.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 73 of 189 3.2. [SBM-2] – INTERESTS AND VIEWS OF STAKEHOLDERS Our approach to stakeholder engagement reflects our commitment to maintaining an open and continuous dialogue. Through this process, we ensure that we understand their views, concerns and expectations, thus contributing to the development of responsible practices. This continuous interaction shapes our efforts, projects and internal processes, allowing us to align with the interests and perspectives of stakeholders. The information obtained from these dialogues contributes to our due diligence processes and assessments carried out in the Double Materiality Assessment process. Stakeholder How engagement is organized Main motivations/objectives of communication with this category of stakeholders - Group Purpose of engagement Examples of engagement results Employees Labour relations and representation in occupational health and safety The Board of Directors is responsible for adopting strategic decisions, approving major projects and ensuring compliance with corporate governance rules. Employees ensure the performance of daily activities, perform the specific tasks of each department. · Integrating employee perceptions and experiences Updates to internal policies Consultations with employee representatives · Promoting a sustainable workplace and improving the quality of work life · Improvement and action plans Involvement of employee representatives during the double materiality assessment in the specific workshop of internal experts to identify impacts, risks and opportunities · Identifying employees' views on material sustainability impacts, risks and opportunities · Communications from management Satisfaction questionnaires · Group initiatives and campaigns

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 74 of 189 Questionnaires for the assessment of double materiality · Contributions to management in defining material sustainability impacts, risks and opportunities. Customers Customer support Customers play an essential role in achieving financial and operational objectives, the relationship with them being based on commercial contracts, leases and the correct monitoring of payments. In the case of Electromagnetica, the main objective is to generate sustainable long-term revenues, through the supply of electricity from renewable sources, technical assistance and after-sales services (loyalty, cross‐selling). In the Real Estate & Hotels sector, customer interaction focuses on commercial and office space rentals, lease management, rent payments and property maintenance, which are critical to maintaining sustainable and profitable collaborations. Increase trust and ensure customer satisfaction Product/Services upgrades Customer satisfaction questionnaires / discussions Offering solutions tailored to their needs Updates to internal procedures Complaints received from customers Supporting clients to achieve their goals Suppliers and contractors · Supplier assessment (including sustainability verification) Collaboration with suppliers and contractors to ensure cost optimization, compliance with legislation and maintenance of the quality of products and services. The relationship with suppliers guarantees access to new technologies, competitive prices and deliveries in accordance with the imposed requirements. At the same time, collaboration with contractors is aimed at efficiently coordinating activities, avoiding delays and synchronizing projects, thus Compliance with the Code of Conduct Clear expectations from suppliers Improvement plans for suppliers Promoting responsible procurement Informed selection of suppliers

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 75 of 189 contributing to the operational stability and sustainable growth of the company. It is also essential to comply with contractual conditions, negotiate contracts, monitor outstanding balances and manage offers to ensure an efficient and sustainable partnership. Investors Communication with investors to provide them with transparency on financial performance, strategic plans and operational risks, thus ensuring that they understand and correctly assess the current situation and future growth prospects. Understanding sustainability expectations Plans to improve ESG ratings Answers to investors' questions · Investor calls, questionnaires and emails · Regular updates for investors · Improving transparency · improving corporate governance mechanisms · Sustainability practices, in particular for Argus and Infinity Capital Investments S.A. Authorities · Questionnaires and emails Cooperation with various authorities and institutions for compliance with legislation and tax obligations (National Agency for Tax Administration - ANAF, Department for Local Taxes and Levies - DITL), for safety at work (Department for Emergency Situations - ISU, Territorial Labor Inspectorate - ITM, Social Insurance House - CAS, Health Insurance House - CASS, County Employment Agency - AJOFM) and for obtaining approvals and authorizations (Ministry of Justice, Public Health Directorate - DSP, Sanitary Veterinary Directorate - DSV, · Understanding their requests and complying with legal requirements · Improving the way the work is carried out and reducing the risk of being fined.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 76 of 189 Environmental Protection Agency - APM, etc.). In addition, courts and law firms are used for contract management and representation in commercial disputes. Trade unions and staff play an important role in labour relations, and institutions such as the Competition Council, the National Bank of Romania or the Ministry of Tourism supervise specific aspects (competition, statistics, tourism classification) Non-profit organizations · Collaboration on community projects Companies support education and the community through sponsorships, internship and practical training programs, as well as training activities for both students and employees. At the same time, they develop partnerships with NGOs and non‐profit organizations, offering resources and volunteering for social projects, donations and initiatives that contribute to the well-being of people in need. Contribution to local initiatives · Raising awareness of the importance of cultural identity, music and reading in the education of the population · Partnerships with NGOs Understanding the context of the communities in which we run our business Associations / Networks · Responses to public consultations on industry regulations Infinity Capital Investments S.A. is a member of the Association of Fund Managers, with the role of protecting the rights and interests of the industry. Through this membership, the company benefits from representation before the authorities and alignment with best practice in the field. Argus collaborates with industry associations, such as ANAMOB (Romanian National Association of Flour Milling and Baking) and CCINA (Chamber of Commerce, Industry, Shipping and Agriculture), for legislative proposals and the development of partnerships at international level, thus supporting the · Allows industry to interact with policymakers · Alignment with the best practices in the industry in which we operate · Joint initiatives and programmes · Developing industry standards on sustainability · Contributions to strategic directions · Workshops and knowledge sharing

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 77 of 189 evolution of the sector through strategic initiatives and cooperation with the Chamber of Commerce. Electromagnetica S.A. is a member of various industry associations, such as AFEER (Romanian Energy Suppliers Association) and CNRI (Romanian National Lighting Committee) ARI (Romanian Lighting Association), contributing to the alignment of regulations in the energy sector, promoting energy efficiency and optimizing activities. Local community · Quizzes, emails, calls, and meetings Companies work with local authorities to obtain permits, comply with legal obligations and pay taxes, while facilitating projects that stimulate socio-economic development. They also support the local community by creating jobs and partnerships for medical services, while Electromagnetica S.A. is involved in infrastructure and urban development. · Identifying their needs and providing appropriate solutions · Better cooperation and development of the local community Financial institutions · Periodic financial reports and discussions Working with banks and financial institutions to ensure cash flows, transaction transparency and financial stability. Through bank accounts, deposits, letters of guarantee and various financing instruments, these institutions facilitate payments, collections and other essential operations, contributing to the efficient management of resources and the smooth running of activities. · Securing financing and favourable loan terms · Access to finance and investment opportunities

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 78 of 189 Media · Press releases All companies use the media channels and the Official Journal to publish official announcements, calls and decisions of the General Meeting of Shareholders, in compliance with legal requirements and ensuring transparency towards the public. Argus also turns to local newspapers or social media sites for information about vacancies, while Electromagnetica focuses on informing about corporate events and initiatives. Thus, the media becomes an essential tool for open and accessible communication of all stakeholders. · Promoting transparency and positive public relations · Increase positive media coverage and public awareness · Participation in industry conferences and public events · Highlighting sustainability initiatives and innovations · Improving corporate reputation and brand value · Brand reputation and public image management Competitors · Collaboration within professional associations Companies follow the activity of competitors and collaborate with them in certain areas, analyzing rates, market shares and commercial opportunities. In the case of Infinity Capital Investments S.A., competitors and similar companies may be involved in GMS approvals and notifications related to exceeding or lowering the holding thresholds, which affects alignment and competition strategies in the market. · Initiatives at national and European level for the development of the industry · Legal and regulatory clarifications in the field of environment and circular economy Capital market participants · ESG ratings The companies collaborate with the F.S.A., BVB, the Central Depositary and other entities in the capital market for compliance with the legislation, maintenance of trading, management of financial reports and distribution of dividends. · Understanding sustainability expectations · Plans to improve ESG ratings · Investor calls, questionnaires and emails · Attracting responsible investors · Answers to investors' questions · Regular updates for investors · Improving transparency · Adapted internal communication · Sustainability practices

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 79 of 189 3.3 [SBM-3] - Material impacts, risks and opportunities and their interaction with strategy and business model 3.3.1. OVERVIEW The material impacts, risks and opportunities (IROs) related to the Infinity Capital Investments S.A. Group influence and are in turn influenced by our strategy and business model. Material impacts are determined by our active role in the capital market, by directing investments to certain value chains. These impacts are most visible in terms of greenhouse gas emissions, water consumption, pollution and social implications for employees and the communities in which we operate. Material risks and opportunities are closely linked to the transition to a green economy, the need for investments to reduce environmental impact and the development of new sustainable business opportunities. Given the diversity of operations and products offered by Infinity Capital Investments S.A. and its subsidiaries, we recognize that impacts, risks and opportunities, as well as their intensity, may vary depending on specific value chains. Therefore, we conducted the double materiality assessment by considering four distinct major value chains: • Capital investments; • Sunflower oil production; • Other production activities; • real estate and hotels. No. Company name Value chain allocation 1 Infinity Capital Investments S.A. Capital investments 2 Group ARGUS S.A. • Argus S.A. • ARGUS TRANS S.R.L. Subsidiary COMCEREAL S.A. Tulcea Sunflower oil production 3 Electromagnetica S.A. Real Estate & Hotels

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 80 of 189 No. Company name Value chain allocation 4 Electromagnetic Group (ELMA) Other production activities - Electromagnetica (except real estate activity) 5 Provitas S.A. Real Estate & Hotels 6 Alimentara S.A. Real Estate & Hotels 7 Flaros S.A. Real Estate & Hotels 8 MERCUR S.A. Real Estate & Hotels 9 Voltalim S.A. Real Estate & Hotels 10 Construcţii Feroviare Craiova S.A. Real Estate & Hotels 11 Aliment Murfatlar S.R.L. Real Estate & Hotels 12 Gemina Tour S.A. Real Estate & Hotels 13 Complex Hotelier Dâmbovița S.A. Real Estate & Hotels 14 Turism Pucioasa S.A. Real Estate & Hotels 15 Lactate Natura S.A. Real Estate & Hotels 16 Gravity Group Group Structure: • Gravity Capital Investments S.A. (parent company) • Gravity Real Estate Investments S.R.L. • Gravity Real Estate One S.R.L. Real Estate & Hotels The list of impacts, risks and opportunities that came out material can be consulted within the topics presented in the sections: • B. ESRS E1 - Climate change; • C. ESRS E2: Pollution; • D. E3: Water and marine resources; • E. ESRS E5: Resource use and circular economy; • F. ESRS G1: Governance.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 81 of 189 The current and anticipated effects of material impacts, risks and opportunities on the business model, value chain, strategy and decision-making process will be analyzed during 2025 and the feasibility of the decisions or investments necessary to prevent and mitigate these effects on the financial stability of the Infinity Capital Investments S.A. Group will be analyzed. 3.3.2. RESULTS OF THE ANALYSIS As part of our alignment process with CSRD requirements, we have identified the impacts we have on the environment and society (impact materiality assessment), as well as the sustainability risks to which we are exposed (financial materiality assessment). The results are aggregated on each ESRS topic, highlighting that our most relevant sustainability areas are: E1, E2, E3, E5, S1, S4 and G1. 3.3.3. APPLIED METHODOLOGY: Phase One: Identification and Assessment of Stakeholders At this stage, we consulted each Group company to: • identify stakeholders and their channels of interaction; • establish communication objectives; • qualitatively assess the impact of the Infinity Capital Investments S.A. Group on stakeholders; • qualitatively assess the influence of stakeholders on the Infinity Capital Investments S.A. Group. Feedback was collected from representatives of each company of the Infinity Capital Investments S.A. Group, registering a total of 222 responses. Stage two: Identification of impacts, risks and opportunities The process of identifying impacts, risks and opportunities (IROs) was carried out in four distinct phases: Phase 1: Stakeholder questionnaire (impact materiality) We developed a questionnaire asking stakeholders to identify and assess current and potential impacts, both from the perspective of our own operations and from the perspective of the value chain.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 82 of 189 As this is the first year we have prepared Double Materiality Assessment (DMA) for ESRS compliance, we have taken a comprehensive approach. We have included in the questionnaire all topics and sub-topics from ESRS 1 – AR 16: Sustainability aspects to be included in the materiality assessment, in order to provide stakeholders with a complete picture of possible impacts and perspectives. We also integrated practical examples to facilitate the provision of informed feedback, and the questionnaire was available in both English and Romanian. To allow stakeholders to highlight additional impacts, such as sector- or company-specific issues, we have also included open-ended questions. For the analysis of the results, the following assumptions were considered: • Stakeholders correctly identified themselves in one of the categories specified in the questionnaires. • The responses accurately reflect the views of the stakeholders. • The views provided by stakeholders provided information relevant to the topics on which they have expertise. • The responses received from each category of stakeholders are representative of the entire stakeholder group. • Each stakeholder completed the questionnaire only once. We received a total of 222 responses from stakeholders from various categories, with questionnaires sent by each subsidiary to their own stakeholders. The answers received to the open-ended questions were analysed and, where relevant, included in the list of impacts, risks and opportunities. The evaluation of impacts at the level of topics and sub-topics, based on the answers to the closed-ended questions, has been integrated into the IROs evaluation file. This document served as a guide for in-house experts in their assessment process. Phase 2: Workshop with in-house experts (Financial Impact and Materiality) As part of our preliminary processes, we have: • used the topics, sub-topics and sub-sub-topics of ESRS 1 AR 16 to conduct general research that guided the experts during the workshop; • listed indicators from ISSB sector standards for the following industries:

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 83 of 189 - Hotels and Accommodation Services and Real Estate Services (for the ‘Real Estate’ value chain); - Food (for the sunflower oil production value chain); • assessed exposure to physical vulnerabilities related to water stress for Argus S.A. and Electromagnetica S.A. Based on the above-mentioned information, we organized 4 workshops (one for each of the designated value chains), which included company representatives, the risk manager of the parent company and 2 consultants. Given the novelty and complexity of the sustainability topics, we prioritized explaining the context and terminology to the workshop participants and then continued with a brainstorming session to identify impacts, risks and opportunities. The feedback received both through questionnaires and during the workshop was centralized in the IRO (Impact, Risk, Opportunity) database detailing: • description of impacts, risks and opportunities (which also includes stakeholder feedback). • input from average impact assessments from stakeholders. During the discussions with the experts, a focus of interest was also the connection of the impacts and dependencies of the Infinity Capital Investments S.A. Group with the risks and opportunities that could arise from these impacts and dependencies. Phase 3: Assessment and Identification of Material IROs Each identified IRO was documented and evaluated for materiality in a designated project book. Both the Impact Materiality Grids and the Financial Materiality Grids were approved by the Group's Senior Management and were presented to in- house experts before starting the assessment process. The scoring parameters used are based on the ESRS requirements: • Impact materiality: impact assessment - Scale - Field

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 84 of 189 - Irremediability - Probability of occurrence Severity takes precedence over probability in the case of human rights-related impacts, according to ESRS 1 (45). • Financial materiality: assessment of risks and opportunities The existing grids under the Risk Management Policy were considered the starting point, which were then updated for compliance with ESRS requirements. - The magnitude of the financial effect - Direct financial impact - Reputational impact from a market perspective - Legal risk - Probability of occurrence IRO evaluation workshops: Following the decision to assess the impacts, risks and opportunities (IRO) on each value chain within the Infinity Capital Investments S.A. Group, 4 workshops were organized with in-house experts from each subsidiary. Based on the above scales, the workshop participants assessed the Impacts, Risks and Opportunities and identified the material ones. Impacts, risks and opportunities classified as material were those that scored more than 5 points on a scale of 1 to 10. During each of these workshops, the following key activities were carried out: • Final review of IROs: In this step, in-house experts discussed the list of IROs, removing, rewording, or refining any items that were deemed irrelevant or unclear. • Consultation of stakeholder feedback: In-house experts reviewed stakeholder feedback gathered through questionnaires, to ensure that the IROs are aligned with stakeholder concerns and broader ESG objectives.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 85 of 189 • Review and evaluation of IROs: The experts assessed the relevance of each identified IRO to their respective value chain and gave them scores on a scale of 1 to 5. Phase 4: Final review and validation The final list of material IROs and their assessment have been validated by the Senior Management. During this phase it was also decided to adopt a bottom-up approach for the Double Materiality Assessment (DMA), which aligns with the guidance provided in FAQ 13 of EFRAG IG 1. The risk manager, together with the Senior Management, supervises the decision-making process for all materiality assessments. The risk manager works closely with the representatives of the subsidiaries to integrate the identified impacts, risks and opportunities into the company's broader operations. I. ENVIRONMENT 1. TAXONOMY REPORTING 1.1 Preamble The EU Taxonomy Regulation establishes a framework at European Union level that allows investors and companies to determine whether certain economic activities are environmentally sustainable. This chapter describes the information submitted pursuant to Article 8 of the Taxonomy Regulation (Regulation (EU) 2020/852) of the Infinity Group for the financial year ended 31 December 2024. The information complies with the reporting requirements pursuant to Article 8 of the Taxonomy Regulation and subsequent Delegated Regulations: Commission Delegated Regulation (EU) 2021/2178, Commission Delegated Regulation (EU) 2021/2139, Commission Delegated Regulation (EU) 2022/1214, Commission Delegated Regulation (EU) 2023/2485 and Commission Delegated Regulation (EU) 2023/2486.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 86 of 189 According to Regulation (EU) no. 852/2020, an economic activity can be defined as ‘environmentally sustainable’ if it meets the technical screening criteria defined, on a scientific basis, for each activity. Compliance with technical screening criteria ensures that an activity: • contributes substantially to the achievement of at least one of the six environmental objectives, namely: • does not significantly harm (DNSH) any of the other six environmental objectives; • respects the minimum safeguards, recognising the importance of human rights and the international rights and standards set out in: the Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises, the United Nations (UN) Guiding Principles on Business and Human Rights, and the International Labour Organisation (ILO) Core Conventions. Article 8 of the Regulation requires undertakings covered by the Non-Financial Reporting Directive to disclose information on how and to what extent their economic activities qualify as environmentally sustainable under the Taxonomy Regulation. 1. climate change mitigation 2. climate change adaptation 3. sustainable use and protection of water and marine resources 4. transition to a circular economy 5. pollution prevention and control 6. protection and restoration of biodiversity and ecosystems

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 87 of 189 Given that the Infinity Capital Investments S.A. Group falls under Article 29a of Directive 2013/34/EU, the Group is obliged to publish the taxonomy eligibility and the taxonomy alignment of its economic activities for financial year 2024. Regulation (EU) No 2178/2021 sets out the content to be submitted by undertakings subject to Articles 19a or 29a of Directive 2013/34/EU. The Regulation distinguishes between the information to be submitted by financial undertakings (asset managers, credit institutions, investment firms and reinsurance undertakings) and the information to be submitted by non-financial undertakings. According to the information presented by the European Commission, given that Infinity Capital Investments S.A. – the parent company is a financial undertaking, and its subsidiaries are non-financial undertakings, the Group has the obligation to present the KPIs specific to both financial and non- financial undertakings. 1.2 Scope of consolidation for taxonomy reporting The scope of consolidation is the same as that presented in the consolidated financial statements of Infinity Capital Investments S.A. Group. In order to calculate the key performance indicators (KPIs), the information mentioned in EU Regulation No 2178/2021 was used. 1.3 Accounting policy Infinity Capital Investments S.A. Group has adopted the following accounting policy to accurately reflect economic activities and key performance indicators (KPIs) in relation to taxonomy requirements. Our policy is guided by the principles of transparency, consistency and alignment with the reporting standards set out in Regulation (EU) 2020/852. Considering that Infinity Capital Investments S.A. Group is a mixed group consisting of financial and non-financial activities, in order to comply with the provisions of EU Regulation No 2178/2021, the Group presents the taxonomy information from two perspectives, namely as both non- financial and financial undertaking. The following table shows the total revenues of Infinity Capital Investments S.A. Group broken down into the two categories (financial and non-financial activities) and the taxonomy-aligned KPIs:

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 88 of 189 KPIs for each business line Revenue Proportion of total revenues of group (A) Turnover- based KPIs (B) CapEx-based KPIs (C) Weighted turnover- based KPIs (A*B) Weighted CapEx-based KPIs (A*C) A. Financial activities 159,470,356 27,0493% Asset management 159,470,356 27,0493% 2,4650% 6,1347% 0,66668% 1,6594% Banking activities - - - - - - Investment firms - - - - - - Insurance companies - - - - - - Turnover KPIs (B) CapEx KPIs (C) Weighted turnover KPIs (A*B) Weighted CapEx (A*C) KPIs B. Non-financial activities 430,083,398 72,9507% 0,0000% 0,0000% 0,0000% 0,0000% Total Group revenue 589,553,754 100,0000% Average value of turnover- based KPIs Average value of CapEx- based KPIs Average KPIs of the group 0,6668% 1,6594% The revenue related to the financial activity includes, according to the consolidated financial statements, the gross revenue from dividends and the net gain from the revaluation of financial assets at fair value through profit or loss. Revenue from non-financial activities includes the following: interest revenue, revenue from customer contracts and other operating revenue. According to the table above, it can be seen that 27.0493% of the Group's total revenues are from financial activities and 72.9507% from non-financial activities.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 89 of 189 As for financial activities, the turnover-based KPI ratio is 2.4650%, and the one based on CAPEX is 6.1347%. And within non-financial activities, the turnover-based KPI and CAPEX-based KPI is 0.0000%, with no taxonomy-aligned activities identified in 2024. A. TAXONOMY REPORTING INFORMATION AS ASSET MANAGER 1. Presentation of the content of the key performance indicators on which asset managers must provide information The key performance indicators of asset managers are calculated as a ratio between: - Numerator: the weighted average of the value of investments in taxonomy-aligned economic activities of the investees. - Denominator: the value of all assets under management (i.e. the value of financial assets measured at fair value through other comprehensive income and financial assets measured at fair value through profit or loss, as presented in the consolidated financial statements for 2024). 2. Methodology used for the calculation of KPIs In order to report the KPIs specific to financial undertakings (asset managers), the following steps were taken: 1. For the denominator, the issuers in the consolidated portfolio were classified into the following categories: a) Non-financial undertaking not covered by Articles 19a and 29a of Directive 34/2013; b) Non-financial undertaking subject to Articles 19a and 29a of Directive 34/2013; c) Financial undertaking not subject to Articles 19a and 29a of Directive 34/2013; d) Financial undertaking subject to Articles 19a and 29a of Directive 34/2013; e) Undertaking carrying out taxonomy-eligible activities; f) Undertaking that does not carry out taxonomy-eligible activities. In order to identify the issuers in the portfolio that are required to report the Non-Financial Statement in accordance with Articles 19a and 29a, the requirement of the Accounting Regulations on Separate Annual Financial Statements and Consolidated Annual Financial Statements was taken into account, namely:

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 90 of 189 ”Entities that are parent companies of a group, which, at the balance sheet date on a consolidated basis, exceed the criterion of having an average number of 500 employees during the financial year, shall include a consolidated non-financial statement in the consolidated directors' report ". Using this criterion, the portfolio was classified into the following categories: - Financial/non-financial undertakings subject to Articles 19a and 29a of Directive 34/2013; - Financial/non-financial undertakings not subject to Articles 19a and 29a of Directive 34/2013. To calculate the breakdown of the KPI denominator in relation to exposures to 'Taxonomy-eligible but non-Taxonomy-aligned economic activities', we used the non-financial reporting of undertakings that fall into the categories: a) Non-financial undertaking subject to Articles 19a and 29a of Directive 34/2013; b) Financial undertaking subject to Articles 19a and 29a of Directive 34/2013; and the specific performance indicators were identified, namely turnover and CapEx. Infinity Capital Investments S.A Group provides the turnover-based and CapEX-based breakdown by multiplying the exposures to: - non-financial undertakings, by the proportions (%) of turnover and CapEx of total turnover and total CapEx reported by their counterparties in row 'Turnover of Taxonomy-eligible but not environmentally sustainable activities (non-Taxonomy-aligned activities) (A.2)', column 4, and row 'CapEx for Taxonomy-eligible but not environmentally sustainable activities (A2)', column 4, in the corresponding templates in Annex II to the DDA; - asset managers, by the proportions based on turnover and CapEx (%)reported by their counterparties in row 10 of template IV ('Taxonomy- eligible but non-Taxonomy-aligned economic activities'); - credit institutions, by the [proportion (%) of total covered assets financing Taxonomy-relevant sectors (Taxonomy-eligible) (75) minus the proportion (%) of total covered assets financing Taxonomy-relevant sectors (Taxonomy-aligned) (76)] based on turnover and CapEx %; - investment firms, by turnover and CapEx weighted averages (77) • 'of which EU Taxonomy-eligible assets (%) (Taxonomy-eligible) (78) 'minus 'of which related to EU Taxonomy-aligned activities (%) (Taxonomy-aligned)' (79)] and

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 91 of 189 • 'of which revenues (fees, commissions and other monetary benefits) from services and activities to sectors covered by the EU Taxonomy (%) (Taxonomy-eligible)' (80) minus 'of which from services and activities related to activities aligned with the EU Taxonomy (%) (Taxonomy-aligned)' (81)]; Where information on key performance indicators is not available for the portfolio companies, the exposure are considered as non-eligible or non- aligned, i.e. the numerator of the relevant key performance indicator shall be given ‘nil’ value, without any further assessment. 2. In order to break down the KPI numerator , the following steps were taken: a) The companies that have the obligation to report according to the CSRD Directive, from the consolidated portfolio, have been classified into the following categories: - financial undertaking; - non-financial undertaking; - credit institution. b) The non-financial reports were analyzed and the percentage of the taxonomy-aligned Turnover and CAPEX Specific Performance Indicators was identified; c) The exposure was multiplied by the Taxonomy-aligned percentage, broken down by Turnover and CAPEX, and a weighted average of the value of investments in Taxonomy-aligned activities was achieved. In order to avoid double counting of the figures, the exposure was taken into account in the numerator only once and applied to the specific indicators provided by the issuers in the portfolio, and in the denominator, the portfolio of shares and fund units was classified only once on the 6 classifications mentioned above. Given that the data provided by portfolio issuers on taxonomy have not been previously audited, there may be a source of uncertainty regarding the data collected from portfolio issuers. Due to the still limited availability of structured data and the limitations described above, the entire relevant portfolio of Infinity Capital Investments S.A. Group could not be fully taken into account for the aligned KPI assessment. The share of Taxonomy-eligible and Taxonomy-aligned exposures is expected to change accordingly and increase in the future as counterparties disclose more information.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 92 of 189 3. Changes to the previous period Compared to the report for the year 2023, in 2024 a detailed breakdown of the value of all investments that finance economic activities, both eligible and ineligible from the perspective of taxonomy, in relation to the value of the total assets covered by the key performance indicator (KPI). This breakdown was made on the basis of the turnover and the capex of the issuers in the portfolio, according to the provisions of the Commission C 2024/6691 regarding the interpretation and application of specific provisions of the delegated act regarding the obligation to provide information according to article 8 of the Regulation on EU taxonomy. This refers to the reporting of economic activities and eligible assets according to the taxonomy and aligned (the third communication of the commission). For the year 2024, based on an improved methodology and a more detailed analysis, in accordance with the provisions of the Commission communications on taxonomy, we have identified and report the exposure of both eligible and sustainable and not eligible investments. Thus, the indicators presented in 2023 were recalculated according to the new methodology, ensuring their comparability with the values calculated for the year 2024. The evolution of the indicators for the year 2024 compared to 2023 reflects both the changes in the portfolio and the improvement of the methodology to calculate the ICP indicators applied by the issuers in the portfolio. • Reporting for the year 2024 The information presented in the following table was based on the information disclosed by the portfolio issuers subject to Article 19a or Article 29a of EU Directive No 34/2013 and which have published information on the taxonomy. Description of the indicator Values Description of the indicator Values Weighted average value of all investments that are directed towards the financing of Taxonomy-aligned economic activities or are associated with Taxonomy-aligned economic activities in relation to the value of total assets covered by the KPI, with the following weights for investments in companies, as follows: The weighted average value of all investments that are directed towards the financing of Taxonomy- aligned economic activities or are associated with Taxonomy-aligned economic activities, with the following weights for investments in companies, as follows:

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 93 of 189 Description of the indicator Values Description of the indicator Values Based on turnover: % 2.47% Based on turnover: [monetary value] 68,347,003 Based on CapEx: % 6.13% Based on CapEx: [monetary value] 170,095,537 Percentage of assets covered by the key performance indicator in relation to total investments (total assets under management) 66.08% The monetary value of the assets covered by the KPI 2,772,655,455 Excluding investments in sovereign entities, the coverage ratio: % N/A Except for investments in sovereign entities. N/A Coverage: [monetary value] Other additional information: breakdown of the denominator of the KPI The percentage of derivatives in relation to the total assets covered by the KPI N/A Monetary value of derivatives: N/A X % [monetary value] The proportion of exposures to financial and non- financial undertakings not covered by Articles 19a and 29a of Directive 2013/34/EU in the total assets covered by the key performance indicator: 17,61% Amount of exposures to EU financial and non- financial undertakings not subject to Articles 19a and 29a of Directive 2013/34/EU: 488,358,682 For non-financial undertakings: 1,43% For non-financial enterprises: [monetary value] 39,777,281 For financial enterprises: 16.18% For financial undertakings: [monetary value] 448,581,401 The proportion of exposures to third-country financial and non-financial undertakings not covered by Articles 19a and 29a of Directive 2013/34/EU in the total assets covered by the key performance indicator: N/A Amount of exposures to third-country financial and non-financial undertakings not subject to Articles 19a and 29a of Directive 2013/34/EU: N/A

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 94 of 189 Description of the indicator Values Description of the indicator Values For non-financial undertakings: N/A For non-financial enterprises: [monetary value] N/A For financial enterprises: N/A For financial undertakings: [monetary value] N/A The proportion of exposures to financial and non- financial undertakings covered by Articles 19a and 29a of Directive 2013/34/EU in the total assets covered by the key performance indicator: 82.39% The amount of exposures to financial and non- financial undertakings covered by Articles 19a and 29a of Directive 2013/34/EU: 2,284,296,773 For non-financial undertakings: 32.12% For non-financial enterprises: [monetary value] 890,569,740 For financial enterprises: 50.27% For financial undertakings: [monetary value] 1,393,727,033 Proportion of exposures to other counterparties and assets in relation to the total assets covered by the key performance indicator: N/A Value of exposures to other counterparties and assets: N/A X % N/A [monetary value] N/A The value of all investments financing economic activities that are not Taxonomy-eligible in relation to the value of the total assets covered by the key performance indicator: The value of all investments financing economic activities that are not Taxonomy-eligible: Based on turnover: % 91,69% Based on turnover: [monetary value] 2,542,160,096 Based on CapEx: % 87,22% Based on CapEx [monetary value] 2,418,321,009 The value of all investments financing Taxonomy- eligible economic activities but not Taxonomy- aligned in relation to the value of the total assets covered by the key performance indicator: The amount of all investments financing Taxonomy-eligible economic activities but not Taxonomy-aligned:

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 95 of 189 Description of the indicator Values Description of the indicator Values Based on turnover: % 5,85% Based on turnover: [monetary value] 162,148,356 Based on CapEx: % 6,64% Based on CapEx [monetary value] 184,238,910 Other complementary information: breakdown of the KPI numerator The proportion of Taxonomy-aligned exposures to financial and non-financial undertakings covered by Articles 19a and 29a of Directive 2013/34/EU in the total assets covered by the key performance indicator: The amount of Taxonomy-aligned exposures to financial and non-financial undertakings covered by Articles 19a and 29a of Directive 2013/34/EU: For non-financial undertakings: For non-financial undertakings: Based on turnover: % 1,64% Based on turnover: [monetary value] 45.409.875 Based on CapEx: % 5,21% Based on CapEX: [monetary value] 144.397.341 For financial undertakings: For financial undertakings: Based on turnover: % 0,83% Based on turnover: [monetary value] 22.937.128 Based on CapEX: % 0,93% Based on CapEX: [monetary value] 25.698.196 The proportion of Taxonomy-aligned exposures to other counterparties and assets in relation to the total assets covered by the key performance indicator: N/A Value of Taxonomy-aligned exposures to other counterparties and assets: N/A Based on turnover: % N/A Based on turnover: [monetary value] N/A Based on CapEX: % N/A Based on CapEX: [monetary value] N/A

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 96 of 189 Description of the indicator Values Description of the indicator Values Breakdown of the KPI numerator by environmental objectives Taxonomy-aligned activities 1. Climate change mitigation Turnover: % 100% of the value of the KPI numerator is directed towards climate change mitigation, according to the information available from portfolio issuers that have reported key performance indicators according to the Taxonomy CapEx: % 100% of the value of the KPI numerator is directed towards climate change mitigation, according to the information available from portfolio issuers that have reported key performance indicators according to the Taxonomy 2. Climate change adaptation Turnover: % N/A CapEx: % N/A 3. Sustainable use and protection of water and marine resources Turnover: % N/A CapEx: % N/A 4. Transition to a circular economy Turnover: % N/A

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 97 of 189 Description of the indicator Values Description of the indicator Values CapEx: % N/A 5. Pollution prevention and control Turnover: % N/A CapEx: % N/A 6. Protection and restoration of biodiversity and ecosystems Turnover: % N/A CapEx: % N/A • Reporting for year 2023 Description of the indicator Values Description of the indicator Values Weighted average value of all investments that are directed towards the financing of Taxonomy-aligned economic activities or are associated with Taxonomy-aligned economic activities in relation to the value of total assets covered by the KPI, with the following weights for investments in companies, as follows: The weighted average value of all investments that are directed towards the financing of Taxonomy- aligned economic activities or are associated with Taxonomy-aligned economic activities, with the following weights for investments in companies, as follows: Based on turnover: % 2.95% Based on turnover: [monetary value] 71,834,095 Based on CapEx: % 6.13% Based on CapEx: [monetary value] 20,286,743 Percentage of assets covered by the key performance indicator in relation to total investments (total assets under management) 66.08% The monetary value of the assets covered by the KPI 2,436,288,742

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 98 of 189 Description of the indicator Values Description of the indicator Values Excluding investments in sovereign entities, the coverage ratio: % N/A Except for investments in sovereign entities. N/A Coverage: [monetary value] Other additional information: breakdown of the denominator of the KPI The percentage of derivatives in relation to the total assets covered by the KPI N/A Monetary value of derivatives: N/A X % [monetary value] The proportion of exposures to financial and non- financial undertakings not covered by Articles 19a and 29a of Directive 2013/34/EU in the total assets covered by the key performance indicator: 15.46% Amount of exposures to EU financial and non- financial undertakings not subject to Articles 19a and 29a of Directive 2013/34/EU: 376,615,754 For non-financial undertakings: 2.12% For non-financial enterprises: [monetary value] 51,586,518 For financial enterprises: 13.34% For financial undertakings: [monetary value] 325,029,236 The proportion of exposures to third-country financial and non-financial undertakings not covered by Articles 19a and 29a of Directive 2013/34/EU in the total assets covered by the key performance indicator: N/A Amount of exposures to third-country financial and non-financial undertakings not subject to Articles 19a and 29a of Directive 2013/34/EU: N/A For non-financial undertakings: N/A For non-financial enterprises: [monetary value] N/A For financial enterprises: N/A For financial undertakings: [monetary value] N/A The proportion of exposures to financial and non- financial undertakings covered by Articles 19a and 29a of Directive 2013/34/EU in the total assets covered by the key performance indicator: 84.54% The amount of exposures to financial and non- financial undertakings covered by Articles 19a and 29a of Directive 2013/34/EU: 2,059,672,989

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 99 of 189 Description of the indicator Values Description of the indicator Values For non-financial undertakings: 35.69% For non-financial enterprises: [monetary value] 869,447,270 For financial enterprises: 48.85% For financial undertakings: [monetary value] 1,190,225,719 Proportion of exposures to other counterparties and assets in relation to the total assets covered by the key performance indicator: N/A Value of exposures to other counterparties and assets: N/A X % N/A [monetary value] N/A The value of all investments financing economic activities that are not Taxonomy-eligible in relation to the value of the total assets covered by the key performance indicator: The value of all investments financing economic activities that are not Taxonomy-eligible: % 82.21% [monetary value] 2,002,817,246 The value of all investments financing Taxonomy- eligible economic activities but not Taxonomy- aligned in relation to the value of the total assets covered by the key performance indicator: The amount of all investments financing Taxonomy-eligible economic activities but not Taxonomy-aligned: % 17.79% [monetary value] 433,471,497 Other complementary information: breakdown of the KPI numerator The proportion of Taxonomy-aligned exposures to financial and non-financial undertakings covered by Articles 19a and 29a of Directive 2013/34/EU in the total assets covered by the key performance indicator: The amount of Taxonomy-aligned exposures to financial and non-financial undertakings covered by Articles 19a and 29a of Directive 2013/34/EU: For non-financial undertakings: For non-financial undertakings: Based on turnover: % 2.95% Based on turnover: [monetary value] 71,834,095 Based on CapEx: % 0.83% Based on CapEX: [monetary value] 20,286,743

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 100 of 189 Description of the indicator Values Description of the indicator Values For financial undertakings: For financial undertakings: Based on turnover: % 0% Based on turnover: [monetary value] 0 Based on CapEX: % 0% Based on CapEX: [monetary value] 0 The proportion of Taxonomy-aligned exposures to other counterparties and assets in relation to the total assets covered by the key performance indicator: N/A Value of Taxonomy-aligned exposures to other counterparties and assets: N/A Based on turnover: % N/A Based on turnover: [monetary value] N/A Based on CapEX: % N/A Based on CapEX: [monetary value] N/A Breakdown of the KPI numerator by environmental objectives Taxonomy-aligned activities 1. Climate change mitigation Turnover: % 100% of the value of the KPI numerator is directed towards climate change mitigation, according to the information available from portfolio issuers that have reported key performance indicators according to the Taxonomy CapEx: % 100% of the value of the KPI numerator is directed towards climate change mitigation, according to the information available from portfolio issuers that

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 101 of 189 Description of the indicator Values Description of the indicator Values have reported key performance indicators according to the Taxonomy 2. Climate change adaptation Turnover: % N/A CapEx: % N/A 3. Sustainable use and protection of water and marine resources Turnover: % N/A CapEx: % N/A 4. Transition to a circular economy Turnover: % N/A CapEx: % N/A 5. Pollution prevention and control Turnover: % N/A CapEx: % N/A 6. Protection and restoration of biodiversity and ecosystems Turnover: % N/A CapEx: % N/A B. TAXONOMY REPORTING INFORMATION AS NON-FINANCIAL UNDERTAKING The table below shows the proportion of non-eligible (B), eligible (A2) and aligned (A1) economic activities from the perspective of the Taxonomy for Infinity Capital Investments S.A. Group, according to Article 8(2) of the Taxonomy Regulation. Art. 8 (2) Taxonomy Regulation

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 102 of 189 Infinity Capital Investments S.A. Group Proportion of Taxonomy-eligible and non-eligible economic activities in total turnover, CapEx and OpEx – Financial Year 2024 KPIs Total (Lei) Eligible and aligned activities (A1): Eligible and non-aligned activities (A2): Non-eligible activities (B): Turnover 353,903,200 - 17.47% 82.53% Capital expenditure (CapEx) 6,693,824 - 70.33% 29.67% Operating expenditure (OpEx) 29,465,020 - 2.59% 97.41% 1. Presentation of KPIs 1.1. Turnover, Capital Expenditure and Operating Expenditure • Turnover: Turnover is calculated on the basis of revenues from economic activities that directly contribute to the environmental objectives set out in the Regulation. This includes sales revenue correctly allocated for each Taxonomy-eligible economic activity. • Capital expenditure (CapEx): Investments in tangible and intangible assets relevant to Taxonomy-eligible activities have been included. • Operating expenditure (OpEx): this indicator reflects the direct operational costs related to the Taxonomy-eligible economic activities. 1.2. Changes compared to previous period In the context of the first audited reporting, new economic activities were identified and classified as eligible compared to the previous year, reflecting the continuous process of alignment with the requirements of the regulations in force. In 2024, the information reported in 2023 was restated, as a result of the improvement of the Group's methodology for identifying and reporting eligible and aligned activities, as follows:

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 103 of 189  In the previous year, the methodology for identifying eligible and aligned activities was still under development, and a detailed analysis of the company's activities was needed to establish compliance with the EU taxonomy.  The data required to assess eligibility was not available or properly structured in our financial and non-financial reporting systems.  The interpretation of the requirements of the taxonomy required further clarifications, given regulatory developments and guidance issued by European authorities. For 2024, based on an improved methodology and a more detailed analysis, we have identified and reported eligible amounts, taking into account: a more detailed analysis of activities in relation to the EU taxonomy, which has made it possible to identify activities that fall under the list of eligible amounts and the adoption of improvements in our internal reporting systems, facilitating a more rigorous analysis. Thus, we have restated the indicators presented in 2023, in accordance with the new methodology and there is comparability with the values calculated for 2024. 2. Assessment of compliance with Regulation (EU) No 2020/852 2.1. Assessment of Taxonomy-eligible and Taxonomy-aligned economic activities An economic activity is considered Taxonomy-eligible if it fits the description of the activity presented in the EU Taxonomy. In order to identify the eligible activities within Infinity Capital Investments S.A. Group, a complete assessment of our activities carried out in 2024 was carried out and compared with the activities described in the Taxonomy. As a result of the analysis, the following activities were identified as eligible from a taxonomy point of view: Economic activity Objective Activity description NACE code 2.1 Hotels, holiday rentals, camping grounds and similar accommodation Biodiversity The activity - Hotels and other similar accommodation facilities is carried out by branches Complex Hotelier Dâmbovița SA and Turism Pucioasa S.A. 5510 3.5 Manufacture of equipment for the energy efficiency of buildings Climate change mitigation Electromagnetica S.A. manufactures electrical lighting equipment 2740

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 104 of 189 Economic activity Objective Activity description NACE code 2.1 Hotels, holiday rentals, camping grounds and similar accommodation Biodiversity The activity - Hotels and other similar accommodation facilities is carried out by branches Complex Hotelier Dâmbovița SA and Turism Pucioasa S.A. 5510 4.5 Electricity production from hydropower Climate change mitigation Electromagnetica S.A. produced electricity by using its own micro- hydropower plants located on a riverbed. 3512 5.5 Collection and transport of non- hazardous waste in separate fractions at source Climate change mitigation Within Infinity Capital Investments S.A. Group, the waste generated was collected and sent for disposal/recovery. 3811 6.5 Transport by motorcycles, passenger cars and light commercial vehicles Climate change mitigation This activity is represented by the purchases of cars necessary for the proper performance of the company's activities. N/A 7.3 Installation, maintenance and repair of energy efficiency equipment Climate change mitigation The activity is mainly the production of the installation of air conditioning systems and the replacement of poorly efficient lighting with LED technology. N/A 7.7 Purchase and ownership of buildings Climate change mitigation Infinity Capital Investments S.A. Group owns commercial spaces and office buildings that it leases to third parties. 6820 • Assessment of technical criteria: We applied the technical screening criteria set out in the delegated acts under Regulation (EU) 2020/852 to verify that these activities comply with the technical requirements. Following an internal analysis it was found that the criteria for activities identified as eligible to be classified as sustainable under the Taxonomy are not met. After going through the criteria, the specialized departments found that the identified activities do not meet all the requirements to be classified as aligned in accordance with Article 3(a) and (b) of Regulation (EU) 2020/852. 2.2. Avoiding double counting of key performance indicators The undertaking has adopted measures to prevent double counting by ensuring that the allocations of revenue and expenditure between Taxonomy- eligible economic activities are made in a consistent and transparent manner, correctly reflecting the performance of each economic activity.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 105 of 189 3. Contribution to multiple environmental objectives The economic activities carried out in 2024 by the subsidiaries of Infinity Capital Investments S.A. Group, which have been assessed as eligible, contribute to a single environmental objective. 4. Disaggregation of key performance indicators Based on the general ledgers centralized at the level of Infinity Capital Investments S.A. Group, each operation was analyzed and classified based on its particularity and will be presented at the activity level. 5. Contextual information and additional details 5.1. Turnover KPI: The share of Taxonomy-eligible activities in our total turnover has been calculated as part of the net turnover derived from products and services associated with Taxonomy-eligible economic activities (numerator) divided by net turnover (denominator), in each case for financial year 2024. The denominator of the turnover KPI is based on the net turnover, respectively the indicator ‘revenue from contracts with customers’ in the Income Statement, as presented in the consolidated financial statements for 2024 prepared in accordance with IFRS for the financial year ended December 31, 2024, based on the accounting policies presented in note ‘4 p) Revenue from contracts with customers’. In LEI 31-Dec-24 31-Dec-23 Variation Revenue from contracts with customers 353.903.200 307.999.975 +17% Turnover in the total amount of Lei 353,903,200 is reconciled with the consolidated financial statements prepared in accordance with IFRS for the financial year ended 31 December 2024, Note 9 Revenue from contracts with customers. The numerator of the indicator for the eligible turnover is defined as the net turnover derived from products and services associated with the Taxonomy-eligible economic activities, as follows:

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 106 of 189 • Activity 2.1 ‘Hotels, holiday rentals, camping grounds and similar accommodation’ generates turnover through the provision of hotel services and spa treatments. The amount is identified by using analytical ledger accounts. The value of revenues in 2024 was Lei 8,831,183, up by 56.03% compared to the value recorded at the end of 2023 (Lei 5,659,853). • Activity 3.5 ‘Manufacture of equipment for the energy efficiency of buildings’ generates turnover through the production and sale of energy-efficient LED lamps. The amount is identified by using analytical ledger accounts. The value of revenues in 2024 was Lei 4,855,904, up by 350.84% compared to the value recorded at the end of 2023 (Lei 1,077,072). In 2023, Electromagnetica S.A. became part of Infinity Capital Investments S.A. Group in November, thus the financial statements were consolidated for the period November – December 2023. • Activity 4.5 ‘Electricity production from hydropower’ generates turnover through the production of hydropower, using its own micro-hydropower plants located on a riverbed. The amount is identified by using analytical ledger accounts. The revenue in 2024 was Lei 1,914,514, a significant increase compared to the value recorded at the end of 2023 (Lei 167,025). In 2023, Electromagnetica S.A. became part of Infinity Capital Investments S.A. Group in November, thus the financial statements were consolidated for the period November – December 2023. • Activity 5.5 ‘Collection and transport of non-hazardous waste in separate fractions at source’ generates turnover by capitalizing on the materials resulting from the activities carried out by the Group. The amount is identified by using analytical ledger accounts. The value of revenue in 2024 was Lei 196,974. • Activity 7.7 ‘Purchase and ownership of buildings’ generates turnover through the ownership of commercial spaces and office buildings that the Group leases to third parties. The amount is identified by using analytical ledger accounts. The value of revenue in 2024 was Lei 46,012,623 and recorded an increase/decrease of 37.11% compared to 2023 (Lei 33,558,212) due to the increase in occupancy and/or tariff price/meter2. 5.2. CapEx KPI: The CAPEX KPI is defined as the ratio of Taxonomy-eligible CAPEX (numerator) to total CAPEX (denominator). The denominator is recognised in the consolidated financial statements prepared in accordance with IFRS for the financial year ended 31 December 2024 based on the accounting policies presented in the notes ‘4 f) Property, plant and equipment’ and ‘4 g) Investment property’.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 107 of 189 Capital expenditure is reconciled with the amounts disclosed in Note 20 ‘Investment property’ of the consolidated financial statements prepared in accordance with IFRS for the financial year ended 31 December 2024, under lines ‘Acquisitions’ and ‘Acquisitions from subsidiaries’ and in Note 21 ‘Property, plant and equipment’, under lines ‘Acquisitions’ and ‘Acquisitions from subsidiaries’. The numerator of the CAPEX KPI includes capital expenditures (additions of tangible assets and investment property) incurred in 2024 and which could be associated with Taxonomy-eligible activities, as follows: Associated investments (type A CapEx) • Activity 2.1 ‘Hotels, holiday rentals, camping grounds and similar accommodation’ – the additions during the year consist of the acquisition of equipment necessary for carrying out the hotel activity. The amount is identified by using analytical ledger accounts. The value of additions in 2024 was Lei 74,326. • Activity 7.7 ‘Purchase and ownership of buildings’ – additions during the year consist of renovation of a building and purchase of electronic equipment. The amount is identified by using analytical ledger accounts. The value of additions in 2024 was Lei 3,876,093 and recorded a decrease of 80.52% compared to 2023 (Lei 19,900,222). The value recorded in 2023 represented the acquisition of an office building, and in 2024 the additions represented, in principle, the completion of renovation works on the building purchased in 2023. Other investments relevant to the Taxonomy (type C CapEx) • Activity 6.5 ‘Transport of motorcycles, cars and light commercial vehicles’ represents the purchases of cars necessary for the proper performance of the company's activities. The amount is identified by using analytical ledger accounts. The value of additions in 2024 was Lei 308,354. • Activity 7.3 ‘Installation, maintenance and repair of energy efficiency equipment’ consists mainly of the installation of air conditioning systems. The amount is identified by using analytical ledger accounts. The value of additions in 2024 was Lei 449,109. According to the above analysis, eligible CapEx were in 2024 worth Lei 4,707,883, down by 76.94% compared to 2023 (Lei 20,414,739). The difference compared to 2023 is primarily due to the acquisition of a property in that year.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 108 of 189 5.3. OpEx KPI: The operating expenditure indicator is defined as Taxonomy-eligible expenditure (numerator) divided by total operating expenditure (denominator) - as presented in the consolidated financial statements under the ‘Other operating expenses’ indicator presented in the Income statement. The operating expenses related to the OpEx indicator analyzed for the purposes of the Taxonomy are included in the amounts presented in the trial balance in accounts ‘611. Maintenance and repair expenses’, ‘612. Expenses with royalties, management locations and rents’, ‘615. Personnel training expenses’ and ‘628. Other expenses with third-party services’. Total OPEX consists of uncapitalised direct costs relating to research and development, building renovation measures, short-term rental, maintenance and repairs and any other direct expenses related to the daily servicing of assets, properties, plant and equipment and staff training. The numerator of the OpEx indicator represents the operating expenditure associated with Taxonomy-eligible economic activities (Type A OpEx), as follows: • Activity 2.1 ‘Hotels, holiday rentals, camping grounds and similar accommodation’ – recorded expenses represent expenses with maintenance and repairs, IT expenses. The amount is identified by using analytical accounting accounts. The value of expenses in 2024 was Lei 67,453. • Activity 3.5 ‘Manufacture of equipment for the energy efficiency of buildings’ – the recorded expenses represent the maintenance of fixed assets. The amount is identified by using analytical ledger accounts. The value of revenues in 2024 was Lei 83,335. • Activity 4.5 ‘Electricity production from hydropower’ – the expenses recorded represent the maintenance of the micro-hydropower plants owned until September 2024 by Electromagnetica S.A.. The amount is identified by using analytical ledger accounts. The value of revenues in 2024 was Lei 88,484. • Activity 7.7 ‘Purchase and ownership of buildings’ – the recorded expenses represent the maintenance of elevators and maintenance services for various fixed assets. The amount is identified by using analytical ledger accounts. The value of revenues in 2024 was Lei 524,330. According to the above analysis, the eligible OpEx in 2024 amounted to Lei 763,602. The expenses related to the current maintenance of tangible assets include IT maintenance, periodic revisions, repairs, replacement of worn parts, cleaning services of the owned premises, collection and transport of the waste generated, which are necessary to maintain the efficient operation of the equipment and the maintenance of the buildings.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 109 of 189 Key performance indicators as non-financial undertaking a) Proportion of turnover generated by products or services associated with Taxonomy-aligned economic activities – information provided for 2024 Financial year 2024 Year 2024 Substantial contribution criteria 'Does Not Significantly Harm (DNSH) 'Criteria' ( h ) Economic activities (1) Code ( a ) (2) Turnover (3) Proportion of turnover, year N (4) Climate Change Mitigation (5) Climate change adaptation (6) Water (7) Pollution (8) Circular economy (9) Biodiversity (10) Climate change mitigation (11) Climate change adaptation Water (13) Pollution (14) Circular economy (15) Biodiversity (16) Minimum safeguards (17) Taxonomy- aligned (A.1.) or taxonomy- eligible (A.2.) proportion of turnover, year N-1 (18) Enabling activity (19) Transitional activity (20) Lei % Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y/N Y/N Y/N Y/N Y/N Y/N Y/ N % Enabling Transitional A. TAXONOMY-ELIGIBLE ACTIVITIES A.1. Environmentally sustainable activities (Taxonomy-aligned) Turnover of environmentally sustainable activities (Taxonomy-aligned) (A.1) - 0.OO% - - - - - - - - - - - - - - - - Of which enabling - - - - - - - - - - - - - - - - - - Of which transitional - - - - - - - - - - - - - - - - - - A.2. Taxonomy-eligible but non-environmentally sustainable activities (non-Taxonomy-aligned activities) (g) Hotels, holiday rentals, camping grounds and similar accommodation BIO 2,1 8,831,183 2.50% EL EL 1.84% Manufacture of equipment for the energy efficiency of buildings CCM 3,5 4,855,904 1.37% EL 0.35% Electricity production from hydropower CMM 4,5 1,914,514 0.54% EL 0.05% Collection and transport of non- hazardous waste in separate fractions at source CCM 5,5 196,974 0.06% EL 0.00%

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 110 of 189 Purchase and ownership of buildings CCM 7,7 46,012,623 13.00% EL 10.90% Turnover of Taxonomy-eligible but non- environmentally sustainable activities (non- Taxonomy-aligned activities) (A.2) 61,811,197 17.47% 14.97% 0.00% 0.00% 0.00% 0.00% 2.50% 13.14% A. Turnover of Taxonomy-eligible activities (A.1+A.2) 61,811,197 17.47% 14.97% 0.00% 0.00% 0.00% 0.00% 2.50% 13.14% B. TAXONOMY-NON-ELIGIBLE ACTIVITIES Turnover of Taxonomy-non-eligible activities 292,092,003 82.53% TOTAL 353,903,200 100% The Code constitutes the abbreviation of the relevant objective for which the economic activity is eligible to make a substantial contribution, as well as the number of the activity section of the relevant Annex comprising the objective, namely: — Climate change mitigation: CCM (Climate Change Mitigation); — Climate change adaptation: CCA (Climate Change Adaptation); — Water and Marine Resources: WTR (Water and Marine Resources); — Circular economy: EC (Circular Economy); — Pollution Prevention and Control: PPC (Pollution Prevention and Control); — Biodiversity and ecosystems: BIO. ( 2 ) Y – Yes, taxonomy-eligible activity and taxonomy-aligned activity with the relevant environmental objective. N – No, taxonomy-eligible activity but not Taxonomy-aligned with the relevant environmental objective. N/EL – Non-eligible, Taxonomy-non-eligible activity for the relevant objective. ( 6 ) EL – Taxonomy-eligible activity for the relevant objective. N/EL – Taxonomy-non-eligible activity for the relevant objective. Proportion of turnover/Total turnover Taxonomy-aligned by objective Taxonomy-eligible by objective CCM N/A 14.97% CCA N/A N/A WTR N/A N/A CE N/A N/A PPC N/A N/A BIO N/A 2.50%

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 111 of 189 b) CapEx proportion of products or services associated with Taxonomy-aligned economic activities – information provided for 2024 Financial year 2023 Year 2024 Substantial contribution criteria Criteria for the 'Does Not Significantly Harm' ( DNSH) principle ( h ) Economic activities (1) Code (a)( 2) CapEx (3) Proportion of CapEx, year N (4) Climate Change Mitigation (5) Climate change adaptation (6) Water (7) Pollution (8) Circular economy (9) Biodiversity (10) Climate change mitigation (11) Climate change adaptation (12) Water (13) Pollution (14) Circular economy (15) Biodiversity (16) Minimum safeguards (17) Proportion of turnover that is Taxonomy- aligned (A.1.) or Taxonomy- eligible (A.2.) CapEx, year N-1 (18) Enabling Activity (19) Transitional Activity (20) Text Lei % Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y/N Y/N Y/N Y/N Y/N Y/N Y/N % A. TAXONOMY-ELIGIBLE ACTIVITIES A.1. Environmentally sustainable activities (Taxonomy-aligned) CapEx related to environmentally sustainable activities (Taxonomy-aligned) (A.1) - 0,00% - - - - - - - - - - - - - - - - Of which enabling - - - - - - - - - - - - - - - - - - Of which transitional - - - - - - - - - - - - - - - - - - A.2. Taxonomy-eligible but non-environmentally sustainable activities (Taxonomy-non-aligned activities) (g) EL; N/EL (b) (c) EL; N/EL (b) (c) EL; N/EL (b) (c) EL; N/EL (b) (c) EL; N/EL (b) (c) EL; N/EL (b) (c) Hotels, holiday rentals, camping grounds and similar accommodation BIO 2,1 74,326 1.11% EL 0.00%

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 112 of 189 Transport by motorcycles, passenger cars and light commercial vehicles CCM 6,5 308,354 4.61% EL 0.00% Installation, maintenance and repair of energy efficiency equipment CCM 7,3 449,109 6.71% EL 0.00% Electricity production using solar photovoltaic technology CCM 7,6 0 0.00% EL 0.15% Purchase and ownership of buildings CCM 7,7 3,876,093 57.91% EL 5.80% CapEx of Taxonomy- eligible but non- environmentally sustainable activities (Taxonomy-non-aligned activities) (A.2) 4,707,883 70.33% 69.22% 0.00% 0.00% 0.00% 0.00% 1.11% 5.95% A. CapEx for Taxonomy- eligible activities (A.1+A.2) 4,707,883 70.33% 69.22% 0.00% 0.00% 0.00% 0.00% 1.11% 5.95% B. TAXONOMY-NON-ELIGIBLE ACTIVITIES CapEx for Taxonomy-non- eligible activities 1,985,941 29.67% TOTAL 6,693,824 100% ( 1 ) The Code constitutes the abbreviation of the relevant objective for which the economic activity is eligible to make a substantial contribution, as well as the number of the activity section of the relevant Annex comprising the objective, namely: — Climate change mitigation: CCM

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 113 of 189 — Climate change adaptation: CCA — Water and marine resources: WTR — Circular economy: CE — Pollution prevention and control: PPC — Biodiversity and ecosystems: BIO ( 2 ) Y – Yes, Taxonomy-eligible activity and Taxonomy-aligned activity with the relevant environmental objective N – No, Taxonomy-eligible activity but not Taxonomy-aligned with the relevant environmental objective N/EL – Non-eligible, Taxonomy-non-eligible activity for the relevant objective. 4. The same activity may align with a single environmental objective or with several environmental objectives for which it is eligible. ( 5 ) The same activity may be eligible without being aligned with the relevant environmental objectives ( 6 ) EL – Taxonomy-eligible activity for the relevant objective N/EL – Taxonomy-non-eligible activity for the relevant objective Proportion of CAPEX/Total CAPEX Taxonomy-aligned by objective Taxonomy-eligible by objective CCM N/A 69,22% CCA N/A N/A WTR N/A N/A CE N/A N/A PPC N/A N/A BIO N/A 1,11%

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 114 of 189 c) OpEx proportion of products or services associated with Taxonomy-aligned economic activities – information provided for 2024 Financial year 2024 Year 2024 Substantial contribution criteria Criteria for the 'Does Not Significantly Harm' (DNSH) principle ( h ) Economic activities (1) Code ( ) (2) OpEx (3) Proportion of OpEx, year N (4) Climate Change Mitigation (5) Climate change adaptation (6) Water (7) Pollution (8) Circular economy (9) Biodiversity (10) Climate change mitigation (11) Climate change adaptation (12) Water (13) Pollution (14) Circular economy (15) Biodiversity (16) Minimum safeguards (17) Proportion of turnover that is Taxonomy- aligned (A.1.) or Taxonomy- eligible (A.2.) OpEx, year N-1 (18) Enabling Activity (19) Transitional Activity (20) Text Currency % Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y; N; N/EL (b) (c) Y/N Y/N Y/N Y/N Y/N Y/N Y/N % Enabling Transitional A. TAXONOMY-ELIGIBLE ACTIVITIES A.1. Environmentally sustainable activities (Taxonomy-aligned) OpEx related to environmentally sustainable activities (Taxonomy- aligned) (A.1) - 0,00% - - - - - - - - - - - - - - - - Of which enabling - - - - - - - - - - - - - - - - - - Of which transitional - - - - - - - - - - - - - - - - - - A.2. Taxonomy-eligible but non-environmentally sustainable activities (Taxonomy-non-aligned activities) (g) EL; N/EL ( ) EL; N/EL ( ) EL; N/EL ( ) EL; N/EL ( ) EL; N/EL ( ) EL; N/EL ( ) Hotels, holiday rentals, camping grounds and similar accommodation BIO 2,1 67,453 0.23% EL 0.00% Manufacture of energy efficiency equipment for buildings CCM 3,5 83,335 0.28% EL 0.00% Electricity production from hydropower CMM 4,5 88,484 0.30% EL 0.00%

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 115 of 189 Installation, maintenance and repair of energy efficiency equipment CMM 7,3 0 0.00% EL 0.27% Purchase and ownership of buildings CCM 7,7 524,330 1.78% EL 0.00% OpEx related to Taxonomy-eligible but non-environmentally sustainable activities (Taxonomy- non-aligned activities) (A.2) 763,602 2.59% 2.36% 0.00% 0.00% 0.00% 0.00% 0.23% 0.27% A. OpEx for Taxonomy-eligible activities (A.1+A.2) 763,602 2.59% 2.36% 0.00% 0.00% 0.00% 0.00% 0.23% 0.27% B. TAXONOMY-NON-ELIGIBLE ACTIVITIES OpEx related to Taxonomy-non- eligible activities 28,701,418 97.41% TOTAL 29,465,020 100% 1 . The Code constitutes the abbreviation of the relevant objective to which the economic activity is eligible to make a substantial contribution, as well as the number of the activity section of the relevant Annex comprising the objective, namely: — Climate change mitigation: CCM — Climate change adaptation: CCA — Water and marine resources: WTR — Circular economy: EC — Pollution prevention and control: PPC — Biodiversity and ecosystems: BIO ( 2 ) Y – Yes, Taxonomy-eligible activity and Taxonomy-aligned activity with the relevant environmental objective N – No, Taxonomy-eligible activity but not Taxonomy-aligned with the relevant environmental objective N/EL – Non-eligible, Taxonomy-non-eligible activity for the relevant objective The same activity may be eligible without being aligned with the relevant environmental objectives ( 5 ) EL – Taxonomy-eligible activity for the relevant objective N/EL – Taxonomy-non-eligible activity for the relevant objective

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 116 of 189 Proportion OPEX / Total OPEX Taxonomy-aligned by objective Taxonomy-eligible by objective CCM N/A 2.36% CCA N/A N/A WTR N/A N/A CE N/A N/A PPC N/A N/A BIO N/A 0.23% C. Joint reporting (for financial and non-financial enterprises) According to Article 8 of EU Regulation No 2178/2021, Infinity Capital Investments S.A. Group presents information and values regarding the exposure in activities related to nuclear energy and fossil gas based on the model presented in Annex XII of this Regulation. In 2022, the European Commission extended the EU taxonomy to include six economic activities in the nuclear and gas sector, which entered into force on 1 January 2023. Thus, companies in these sectors started to publish for the first time in 2023 data on the EU taxonomy eligibility and alignment for their relevant nuclear and gas activities. Infinity Capital Investments S.A. Group has exposure to issuers Nuclearelectrica SA, OMV Petrom SA and Romgaz SA. In order to calculate the indicators provided by Annex XII of EU Regulation No 2178/2021, an analysis was carried out based on the information published on the performance indicators of these issuers in the Non-Financial Reporting for 2023. 1. Exposures to Taxonomy-eligible and Taxonomy-aligned economic activities/hedging assets for nuclear and gas economic activities (Model 1 of the DDA) a) Table of turnover Row Nuclear energy activities YES/NO 1. The undertaking conducts, finances or has exposures to research, development, demonstration and deployment of innovative power generation facilities that produce energy from nuclear processes with minimal waste generated by the fuel cycle. NO

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 117 of 189 2. The undertaking operates, finances or has exposures to the safe construction and operation of new nuclear installations for the production of electricity or process heat, including for purposes related to district heating or industrial processes such as hydrogen production, as well as their safety upgrades, using the best available technologies. NO 3. The undertaking operates, finances or has exposures to the safe operation of existing nuclear installations that produce electricity or process heat, including for purposes related to district heating or industrial processes, such as the production of hydrogen from nuclear energy, as well as their safety upgrades. YES* Fossil gas activities 4. The undertaking operates, finances or has exposures to the construction or operation of electricity generation facilities that produce electricity using fossil fuels. YES** 5. The undertaking operates, finances or has exposures to the construction, refurbishment and operation of facilities that combine the production of heat for heating/cooling and electricity using fossil gaseous fuels. YES** 6. The undertaking operates, finances or has exposures to the construction, refurbishment and operation of heating/cooling installations using fossil fuels. NOT * Infinity Capital Investments S.A. Group has exposure to issuer Nuclearelectrica SA which carries out the activity of safely operating existing nuclear facilities that produce electricity or process heat, including for purposes related to district heating or industrial processes, such as the production of hydrogen from nuclear energy, as well as their safety upgrades. ** Infinity Capital Investments S.A. Group has exposure to issuer OMV Petrom SA, which carries out the activity of electricity production from fossil fuels and the activity of high- efficiency cogeneration of thermal energy for heating/cooling and electricity based on gaseous fossil fuels. Also, Infinity Capital Investments S.A. Group has exposure to issuer S.N.G.N. ROMGAZ SA which carries out the activity of electricity production from fossil fuels. These activities are Taxonomy-eligible, but they are not sustainable from an environmental point of view.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 118 of 189 b) Capital expenditure table (CAPEX) Row Nuclear energy activities YES/NO 1. The undertaking conducts, finances or has exposures to research, development, demonstration and deployment of innovative electricity generation facilities that produce energy from nuclear processes with minimal waste generated by the fuel cycle. NO 2. The undertaking operates, finances or has exposures to the safe construction and operation of new nuclear installations for the production of electricity or process heat, including for purposes related to district heating or industrial processes such as hydrogen production, as well as their safety upgrades, using the best available technologies. NO 3. The undertaking operates, finances or has exposures to the safe operation of existing nuclear installations that produce electricity or process heat, including for purposes related to district heating or industrial processes, such as the production of hydrogen from nuclear energy, as well as their safety upgrades. YES* Fossil gas activities 4. The undertaking operates, finances or has exposures to the construction or operation of electricity generation facilities that produce electricity using fossil fuels. YES** 5. The undertaking operates, finances or has exposures to the construction, refurbishment and operation of facilities that combine the production of heat for heating/cooling and electricity using fossil gaseous fuels. YES** 6. The undertaking operates, finances or has exposures to the construction, refurbishment and operation of heating/cooling installations using fossil fuels. NO * Infinity Capital Investments S.A. Group has exposure to issuer Nuclearelectrica SA which carries out the activity of safely operating existing nuclear facilities that produce electricity or process heat, including for purposes related to district heating or industrial processes, such as the production of hydrogen from nuclear energy, as well as their safety upgrades. ** Infinity Capital Investments S.A. Group has exposure to issuer OMV Petrom SA, which carries out the activity of electricity production from fossil fuels and the activity of high-efficiency cogeneration of thermal energy for heating/cooling and electricity based on gaseous fossil fuels. Also, Infinity Capital Investments S.A. Group has exposure to issuer S.N.G.N. ROMGAZ SA which carries out the activity of electricity production from fossil fuels. These activities are Taxonomy-eligible but not environmentally sustainable.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 119 of 189 2. Breakdown of exposures to Taxonomy-eligible and Taxonomy-aligned economic activities/hedging assets for nuclear and gas economic activities (model Annex XII of the DDA) 3. Performance indicators based on issuers' turnover Model 2 Taxonomy-aligned economic activities (denominator) Row Economic activities Value and proportion (information is presented in monetary amounts and percentages) CCM + CCA Climate Change Mitigation (CCM) Climate Change Adaptation (CCA) Value % Value % Value % 1 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 2 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 3 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator 250,303 0.009% 250.303 0.009% - 0.000% 4 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 5 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 6 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 7 Value and proportion of other Taxonomy-aligned economic activities not mentioned in rows 1 to 6 above in the denominator of the applicable key performance indicator 201 0.000% 201 0.000% - 0.000% 8 Total applicable KPIs 250,503 0.009% 250,503 0.009% - 0.000% Model 3 Taxonomy-aligned economic activities (numerator)

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 120 of 189 Row Economic activities Value and proportion (information is presented in monetary amounts and percentages) (CCM+CCA) Climate change mitigation Climate change adaptation Value % Value % Value % 1 The value and proportion of Taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 2 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 3 Value and proportion of Taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 to the numerator of the applicable key performance indicator 250,303 99.920% 250.303 99.920% - 0.000% 4 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation (EU) 2021/2139 to the numerator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 5 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation (EU) 2021/2139 to the numerator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 6 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 7 Value and proportion of other Taxonomy-aligned economic activities not listed in rows 1 to 6 above in the numerator of the applicable key performance indicator 201 0.080% 201 0.080% - 0.000% 8 Value and total proportion of Taxonomy-aligned economic activities in the numerator of the applicable key performance indicator 250,503 100% 250,503 100% - 0.000% Model 4 Taxonomy-eligible but Taxonomy-non-aligned economic activities Row Economic activities Proportion (information is presented in monetary amounts and percentages) (CCM+CCA) Climate change mitigation Climate change adaptation Value % Value % Value %

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 121 of 189 1 The amount and proportion of Taxonomy-eligible but non-Taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 2 The amount and proportion of Taxonomy-eligible but non-Taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 3 The amount and proportion of Taxonomy-eligible but non-Taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 4 Value and proportion of Taxonomy-eligible but non-Taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator 32,049,027 34.769% 32.049.027 34.769% - 0.000% 5 The amount and proportion of Taxonomy-eligible but non-Taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator 85,066 0.092% 85.066 0.092% - 0.000% 6 The amount and proportion of Taxonomy-eligible but non-Taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 7 Value and proportion of other Taxonomy-eligible but non-Taxonomy-aligned economic activities not listed in rows 1 to 6 above in the denominator of the applicable key performance indicator 60,043,996 65.139% 60,043,996 65.139% - 0.000% 8 Value and total proportion of Taxonomy-eligible but non-Taxonomy-aligned economic activities in the numerator of the applicable key performance indicator 92,178,089 100% 92,178,089 100% - 0.000% Model 5 Taxonomy-non-eligible economic activities Row Economic activities Value Percentag e 1 The amount and proportion of the economic activity referred to in row 1 of template 1 that is Taxonomy-non-eligible in accordance with Section 4.26 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000% 2 The amount and proportion of the economic activity referred to in row 2 of template 1 that is Taxonomy- non-eligible in accordance with Section 4.27 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000% 3 The amount and proportion of the economic activity referred to in row 3 of template 1 that is Taxonomy- non-eligible in accordance with Section 4.28 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000% 4 The amount and proportion of the economic activity referred to in row 4 of template 1 that is Taxonomy- non-eligible in accordance with Section 4.29 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000%

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 122 of 189 5 The amount and proportion of the economic activity referred to in row 5 of template 1 that is Taxonomy- non-eligible in accordance with section 4.30 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000% 6 The amount and proportion of the economic activity referred to in row 6 of template 1 that is Taxonomy- non-eligible in accordance with Section 4.31 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000% 7 Value and proportion of other Taxonomy-non-eligible economic activities not listed in rows 1 to 6 above in the denominator of the applicable key performance indicator 488,196,409 93.779% 8 Value and total proportion of Taxonomy-non-eligible economic activities under the denominator of the applicable key performance indicator 488,196,409 93.779% 3.2 Issuers' capital expenditure (CAPEX) performance indicators Model 2 Taxonomy-aligned economic activities (denominator) Row Economic activities Value and proportion (information is presented in monetary amounts and percentages) CCM + CCA Climate Change Mitigation (CCM) Climate Change Adaptation (CCA) Value % Value % Value % 1 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 2 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 3 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator 250,754 0.009% 250,754 0.009% - 0.000% 4 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000%

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 123 of 189 5 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 6 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 7 Value and proportion of other Taxonomy-aligned economic activities not mentioned in rows 1 to 6 above in the denominator of the applicable key performance indicator 6,677,655 0.241% 6,677,655 0.241% - 0.000% 8 Total applicable KPIs 6,928,409 0.250% 6,928,409 0.250% - 0.000% Model 3 Taxonomy-aligned economic activities (numerator) Row Economic activities Value and proportion (information is presented in monetary amounts and percentages) (CCM+CCA) Climate change mitigation Climate change adaptation Value % Value % Value % 1 The value and proportion of Taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 2 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 3 Value and proportion of Taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 to the numerator of the applicable key performance indicator 250,754 3.619% 250,754 3.619% - 0.000% 4 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation (EU) 2021/2139 to the numerator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 5 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation (EU) 2021/2139 to the numerator of the applicable key performance indicator - 0.000% - 0.000% - 0.000%

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 124 of 189 6 The amount and proportion of Taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the numerator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 7 Value and proportion of other Taxonomy-aligned economic activities not listed in rows 1 to 6 above in the numerator of the applicable key performance indicator 6,677,655 96.381% 6,677,655 96.381% - 0.000% 8 Value and total proportion of Taxonomy-aligned economic activities in the numerator of the applicable key performance indicator 6,928,409 100% 6,928,409 100% - 0.000% Model 4 Taxonomy-eligible but Taxonomy-non-aligned economic activities Row Economic activities Proportion (information is presented in monetary amounts and percentages) (CCM+CCA) Climate change mitigation Climate change adaptation Value % Value % Value % 1 The amount and proportion of Taxonomy-eligible but Taxonomy-non-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 2 The amount and proportion of Taxonomy-eligible but Taxonomy-non-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 3 The amount and proportion of Taxonomy-eligible but Taxonomy-non-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 4 Value and proportion of Taxonomy-eligible but Taxonomy-non-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of the applicable key performance indicator 22,169,042 24.050% 22,169,042 24.050% - 0.000% 5 The amount and proportion of Taxonomy-eligible but Taxonomy-non-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated 212,664 0.231% 212,664 0.231% - 0.000%

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 125 of 189 Regulation (EU) 2021/2139 to the denominator of the applicable key performance indicator 6 The amount and proportion of Taxonomy-eligible but Taxonomy-non-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 to the denominator of the applicable key performance indicator - 0.000% - 0.000% - 0.000% 7 Value and proportion of other Taxonomy-eligible but Taxonomy-non- aligned economic activities not listed in rows 1 to 6 above in the denominator of the applicable key performance indicator 69,796,382 75.719% 69,796,382 75.719% - 0.000% 8 Value and total proportion of Taxonomy-eligible but Taxonomy-non- aligned economic activities in the numerator of the applicable key performance indicator 92,178,089 100% 92,178,089 100% - 0.000% Model 5 Taxonomy-non-eligible economic activities Row Economic activities Value Percenta ge 1 The amount and proportion of the economic activity referred to in row 1 of template 1 that is Taxonomy-non-eligible in accordance with Section 4.26 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000% 2 The amount and proportion of the economic activity referred to in row 2 of template 1 that is Taxonomy-non-eligible in accordance with Section 4.27 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000% 3 The amount and proportion of the economic activity referred to in row 3 of template 1 that is Taxonomy-non-eligible in accordance with Section 4.28 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000% 4 The amount and proportion of the economic activity referred to in row 4 of template 1 that is Taxonomy-non-eligible in accordance with Section 4.29 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000% 5 The amount and proportion of the economic activity referred to in row 5 of template 1 that is Taxonomy-non-eligible in accordance with section 4.30 of - 0.000%

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 126 of 189 Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator 6 The amount and proportion of the economic activity referred to in row 6 of template 1 that is Taxonomy-non-eligible in accordance with Section 4.31 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable key performance indicator - 0.000% 7 Value and proportion of other Taxonomy-non-eligible economic activities not listed in rows 1 to 6 above in the denominator of the applicable key performance indicator 421,474,507 80.962% 8 Value and total proportion of Taxonomy-non-eligible economic activities under the denominator of the applicable key performance indicator 421,474,507 80.962% 2. ESRS E1 - Climate change 1. [ESRS 2 GOV-3] Integration of sustainability-related performance into incentive schemes The remuneration policy developed and implemented at the level of Infinity Capital Investments S.A. does not encourage excessive risk-taking in relation to sustainability-related risks, but is correlated with risk-adjusted performance (the remuneration structure being focused on obtaining a certain level of profit). Climate targets are not taken into account in our remuneration policy. 2. [ESRS E1-1] Transition Plan Given that this is the first reporting year in which we have identified the impact on GHG emissions generation, a transition plan has not been implemented. In the future, we will consider developing such a plan, depending on regulatory developments and our sustainability goals.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 127 of 189 3. [ESRS 2 IRO-1] Description of the process to identify and assess material climate-related impacts, risks and opportunities related to climate change Climate risks were assessed during meetings with internal experts in the context of materiality assessment, looking at how different climate risk factors could affect the company. The Aqueduct (World Resources Institute) platform was also used to assess the water risk in the regions where the main subsidiaries are located, such as Argus S.A. and Electromagnetica S.A. The analysis did not include the use of climate scenarios for assessing climate risks and transition risks and opportunities. 4. [E1-2] Policies related to climate change mitigation and adaptation Infinity Capital Investments S.A. Infinity Capital Investments S.A., through its Annual Investment Strategy, has set itself the objective of integrating sustainability risk assessment into the investment process. The company is concerned with identifying, evaluating, preventing and/or mitigating them, as well as identifying investment opportunities with a positive impact, as an integral part of the corporate social responsibility (CSR) strategy and the corporate governance code. As this is the first year in which the double materiality assessment was carried out and IROs were identified, Infinity Capital Investments S.A. Group does not have other environmental policies implemented for its subsidiaries, other than those mentioned above, that address the material impacts, risks and opportunities. Subsidiaries Argus S.A. & Electromagnetica S.A. Within the Infinity Group, subsidiaries Argus and Electromagnetica have obtained the ISO 14001 certification on environmental management. According to this standard, each subsidiary has implemented an environmental framework that includes principles and measures aligned with specific requirements. Thus, the Environmental Policies of the two subsidiaries, Argus S.A. and Electromagnetica S.A. have a similar structure and include the following aspects:

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 128 of 189 Objectives: The companies are committed to operating in a way that respects and protects the environment. Companies recognize their responsibility to minimize their environmental impact by implementing sustainable and efficient practices. This policy covers CO₂e emissions and energy management, focusing on: • Resource Management: Optimizing the use of natural resources, including water and energy, and implementing measures to reduce consumption and increase the recycling rate of materials. • Carbon Reduction: Decrease greenhouse gas (GHG) emissions generated by production and transport processes by improving energy efficiency and the use of renewable energy sources. Hotels & Real Estate From the Real Estate and Hotels value chain, both Complex Hotelier Dâmbovița SA and Turism SA aim, through the ‘Environmental Policy’, the progressive transition to class A equipment, depending on the available financial resources. 5. [E1-1; E1-3; E1-4] Objectives, actions and transition plan for climate change mitigation, actions and objectives 5.1. Impacts, risks and opportunities Value Chain: Investments - Infinity Capital Investments S.A. Sub-topic I/R/O Impact/risk/opportunity description Horizon Current/ potential Energy efficiency Impact- The company's headquarters has a low energy efficiency (high heat losses in winter, high expenses with air conditioning in summer) which leads to an increase in energy consumption. ST Current

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 129 of 189 Climate change mitigation Impact- Direct greenhouse gas emissions (Scope 1) include emissions generated by the company's activities, such as energy consumption, the use of refrigeration systems and the operation of vehicles owned by the company. Indirect greenhouse gas emissions (Scope 2) comprise emissions resulting from the production of energy (electricity, heating and cooling) purchased and consumed by the company. They are not generated directly by the company but are associated with the use of external energy necessary for its operations. ST Current Climate change mitigation Impact- Through the investments held by Infinity Capital Investments S.A. in other companies, they indirectly produce Scope 3 greenhouse gas emissions. If a company owns shares in other companies that emit significant amounts of GHGs. In this case, the impact can be major, especially if the investments are in high-emitting industries (e.g. fossil energy, transport, heavy industry). These emissions add up to the company's total carbon footprint. ST Current Value Chain: Sunflower Oil Production - Grup Argus S.A. Sub-topic I/R/O Impact/risk/opportunity description Horizon Current/ potential Energy efficiency Impact- Oil production frequently involves processes such as pressing, refining, and high-temperature processing, which require a lot of electricity. The energy used by Argus comes from fossil fuel sources (e.g. electricity produced by burning coal, oil or natural gas), the environmental impact includes emissions of carbon dioxide (CO2), methane (CH4) and radioactive waste. These emissions contribute to climate change and air pollution, even if the oil- making process does not directly generate significant emissions. ST Current Climate change mitigation Impact- Negative environmental impact due to carbon emissions and internal processes (Scope 1), as well as emissions from energy consumption required for the production and refining of oilseed oil (Scope 2). Emissions of carbon dioxide (CO2), methane (CH4) and nitrogen oxide (N2O) from fuels and industrial processes contribute significantly to air pollution and climate change. Emissions of refrigerants and cooling agents from cooling plants are also an important source of greenhouse gases (GHGs). ST Current

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 130 of 189 Sub-topic I/R/O Impact/risk/opportunity description Horizon Current/ potential Climate change mitigation Impact- Argus S.A. faces a negative environmental impact due to Scope 3 carbon emissions, which includes indirect emissions generated throughout the value chain. It covers the transportation of raw material to our production facilities and the delivery of the finished product and by-products sold to customers. Transport requires the use of vehicles that consume fossil fuels, thus leading to significant greenhouse gas (GHG) emissions. These pollutants contribute to global warming and the deterioration of air quality, generating adverse consequences for the environment and public health. Given the scale of our value chain, these indirect emissions are a significant factor in our total carbon footprint, highlighting the urgent need to investigate and implement sustainable solutions to reduce the company's environmental impact. ST Current Energy efficiency Risk Dependence on energy sources and fluctuations in energy prices can affect the financial stability of the company. An interruption in electricity supply or a sudden increase in prices can lead to delays in production, higher operating costs and decreased profit margins, and failure to comply with regulations can lead to financial penalties and loss of operating licenses. MT Climate change mitigation Risk Increasingly stringent GHG emissions legislation may impose tougher requirements on Argus S.A.. Failure to comply with these regulations may result in financial penalties, operational restrictions, or deterioration of investor and customer relationships. MT Climate change adaptation Risk Climate change, such as drought and extreme events, can reduce the yield and quality of oilseeds, affecting supply and creating financial losses. They can also damage transport infrastructure and increase operational costs. The drought can cause imbalances in the sunflower oil market and increase in the prices of the raw material, and the lack of irrigation infrastructure in Romania aggravates the risks. LT Climate change adaptation Risk Regulatory risks for Argus include financial difficulties caused by the Emergency Ordinance on the establishment of a temporary measure to combat the excessive increase in prices of some agricultural and food products that led to the capping of margins at 20% in 2024, legislative and economic uncertainties that will influence prices and market strategy for 2025, possible long-term carbon taxes, risks of litigation due to non-compliance with GHG emissions regulations, and high costs of deploying low-carbon technologies. MT

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 131 of 189 Value Chain: other production activities – Electromagnetica S.A. Sub-topic I/R/O Impact/risk/opportunity description Horizon Current/ potential Energy efficiency Impact- Electromagnetica S.A., through its production activity, consumes a significant amount of energy, which contributes to increasing its carbon footprint and intensifying climate change. The production of electrical and electronic equipment can involve industrial processes with a high consumption of energy and materials, generating greenhouse gas emissions and industrial waste. MT Current Climate change mitigation Impact- Through the consumption of gas and fuel, as well as the use of air conditioners, the company generates direct carbon emissions (Scope 1), having a negative impact on the environment. In 2024, the Company produced green energy from micro-hydropower plants for its own consumption, which reduced indirect carbon emissions (Scope 2). However, the sale of micro-hydropower plants and the transition to purchasing energy from external suppliers lead to an increase in indirect carbon emissions (Scope 2), with an additional negative impact on the environment. MT Current Climate change mitigation Impact- Scope 3 carbon emissions: The manufacture of charging stations, relays or plastics products involves the use of raw materials and components that come from external sources. Within the supply chain, the transport of raw materials, components and finished products generates indirect GHG emissions. Long-distance transport, in particular by road or sea transport with fossil fuel-fuelled vehicles, can contribute significantly to Scope 3 emissions. MT Current Energy efficiency Impact + Energy production from renewable sources: Until September 2024 Electromagnetica owned and operated 10 micro-hydropower plants that produced hydroelectric energy, thus contributing positively to the reduction of greenhouse gas emissions and the increase of renewable energy in the national energy mix. Electromagnetica continues to produce electricity, but the impact is limited to about 1%. Part of Electromagnetica's activity is focused on energy-efficient equipment (LED lighting fixtures) as well as the production and installation of electric charging stations, which stimulates the increase in the number of electric vehicles to the detriment of those on conventional fuels. MT Potential Climate change mitigation Impact + The development and installation of electric charging stations for electric vehicles contributes to the decarbonisation of transport and the reduction of dependence on fossil fuels. This has a significant positive impact on the reduction of GHG emissions and supports the transition to a low-carbon economy. MT Current Energy efficiency Risk Fluctuations in the energy market, especially renewable or fossil energy sources, could affect production costs and the company's competitiveness. MT

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 132 of 189 Value Chain: Real Estate & Hotels Sub-topic I/R/O Impact/risk/opportunity description Horizon Current/ potential Energy Impact- The high consumption of electricity, mainly due to old buildings with a low level of energy efficiency, and the rented areas of Mercur Center that do not benefit from natural light, can have a significant negative impact on the company. These issues can lead to increased operational costs and an increased carbon footprint, negatively affecting both the company's profitability and environmental reputation. ST Current Climate change mitigation Impact- Direct greenhouse gas emissions (Scope 1), which include emissions from domestic energy consumption, the use of refrigeration systems and the operation of the vehicle fleet, represent a potential negative impact for rental and sub-leasing companies, as well as hotels. These emissions are relevant because these companies often own and operate buildings and equipment that directly contribute to GHG emissions. Indirect greenhouse gas emissions (Scope 2) come from the energy purchased and consumed by these companies for electricity, heating and cooling, and in the case of hotels, they also include emissions generated by the operation of accommodation units and other facilities. ST Current Climate change mitigation Impact- Scope 3 emissions from the real estate and hotel sector have a negative impact on the environment due to the carbon embodied in raw materials such as concrete, steel, and glass, and energy-intensive materials such as aluminum and certain types of insulation. The purchase of furniture, fixtures, and equipment, such as HVAC systems and lighting fixtures, contributes significantly to emissions due to production and transportation processes. The transport of building materials and equipment, especially over long distances, adds to these emissions, and waste from renovations and repairs contributes to GHG emissions through collection and treatment. Frequent travel by building managers and commuting employees also increase the carbon footprint, especially through the use of means of transport. ST Current 5.2. Objectives, actions and transition plan In 2024, Infinity Capital Investments S.A. Group made the first calculation of the carbon footprint for Scope 1 and Scope 2. In 2025, the Group will be required to calculate the carbon footprint for Scope 3. After calculating Scope 3 and determining the total carbon footprint, Infinity Capital Investments S.A. Group will evaluate the possibility of setting reduction targets, implementing concrete measures, determining the necessary resources and, implicitly, developing a transition plan.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 133 of 189 In addition, in accordance with the provisions of Law No 121/2014, Electromagnetica S.A. has implemented an ‘Energy Efficiency Plan’ for 2023-2027, focused on optimizing energy consumption and conducts an energy audit every 4 years. The reporting on energy efficiency is submitted annually to the Energy Efficiency Directorate of the Ministry of Energy until September 30 of the year in which it was developed. 6. [E1-5] Energy consumption and mix In 2024, Infinity Capital Investments S.A. Group had a total energy consumption of 96,747.02 MWh, of which 46.38% came from renewable sources. Also, in 2024, subsidiary Electromagnetica S.A. produced 6,838 MWh of electricity from renewable sources. The company owned 10 micro-hydropower plants in the basin of the Suceava and Brodina rivers, which have been modernized and automated over time, reaching an installed capacity of 5.5 MW. In September 2024, the micro-hydropower plants were sold, with the withdrawal of Electromagnetica's authorization by ANRE in November 2024. The following table shows the energy consumption at the level of Infinity Capital Investments S.A. Group: Indicators 2024 (MWh) (1) Total energy consumed 96,747.02 (2) Total fossil energy consumption 49,177 (3) Fuel consumption of coal and coal products 0 (4) Fuel consumption from crude oil and petroleum products 2,285.36 (5) Fuel consumption from natural gas 44,024.22 (6) Fuel consumption from other fossil sources 0 (7) Consumption of electricity, heat, steam and cooling purchased or obtained from fossil sources 2,867.58 (8) Share of fossil sources in total energy consumption 50.83% (9) Consumption from nuclear sources 2,699.61 (10) Share of consumption from nuclear sources in total energy consumption 2.79% (11) Total renewable energy consumption** 44,870.24

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 134 of 189 (12) Renewable fuel consumption 40,154.65 (13) Consumption of electricity, heat, steam and cooling purchased or obtained from renewable sources 4,715.59 (14) Consumption of self-produced renewable energy that is not used as fuel 0 (15) Share of renewables in total energy consumption 46.38% (16) Non-renewable energy production 0 (17) Renewable energy production 6,838 (18) Total energy consumption from activities in climate-intensive sectors* 54,468.58 (19) Total energy consumption from activities in climate-intensive sectors compared to net revenues from activities in climate-intensive sectors 0.00017 *The companies within Infinity Capital Investments S.A. Group that are in high-impact sectors are:  Argus S.A. – NAEN 1041 - Manufacture of oils and fats;  Comcereal S.A. – NACE 0111 - Cultivation of cereals (except rice), leguminous plants and oilseed producing plants  Argus Trans SA – NAEN - 4941 Road freight transport  Lactate Natura SA - NACE 1051 - Manufacture of dairy products and cheese (company that no longer has operational activity);  Electromagnetica S.A. – NACE 2651 - Manufacture of instruments and appliances for measuring, testing and navigation. ** The consumption of renewable energy comes from hydropower generated by its own micro-hydropower plants owned by Electromagnetica S.A.. 7. [E1-6] Gross Scope 1, 2, 3 and Total GHG emissions The Infinity Capital Investments S.A. Group reports the consolidated carbon footprint, including all Scope 1 and Scope 2 emissions. For 2024, Infinity Capital Investments S.A. Group does not report Scope 3 GHG emissions, opting for the exception provided in Annex C of ESRS 1. The calculation of greenhouse gas (GHG) emissions was carried out according to the methodology highlighted by the GHG Protocol (‘Corporate Standard’) and involves the activity data from Scope 1 and Scope 2. This data has a high degree of accuracy as it comes from invoices, meter readings or company databases. Activity data was collected from each entity in standardized templates to have the same overall approach and flow of collection. As this data has been collected without difficulty, we do not plan any further steps in improving this process. Subsequently, the emissions from these data were calculated using an online platform containing specific emission factors and updated to the reporting year. The factors used refer to the emissions converted into the CO2 equivalent of the 7 greenhouse gases, according to the GHG Protocol. The assumptions, estimates, and other emission or conversion factors used are detailed below.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 135 of 189 The activity data in Scope 1 consisted mostly of primary data, relating to the consumption of natural gas (kWh), fuel (liters), organic matter burned (tons), charged freon (kg), the amount of CO₂ emitted (kg) into the atmosphere from the fire extinguishers used in the reporting year. These activity data were obtained from the suppliers' invoices, in accordance with the meter readings. As for the biogenic emissions of Scope 1, they are generated by Argus S.A. as a result of the burning of seed husks in its own facilities. For a stationary combustion source, seed husks, burned by Argus S.A. to generate energy, for which we did not find specific emission factors, we used the assumption that 1 ton of sunflower husks will produce the same amount of CO₂ when burned as 1 ton of burned wood. This assumption is supported by the similar organic composition of the two types of materials. The emission factor used was ‘Wood, stationary combustion’, according to the IPCC 2019 database (kg CO₂e/MJ). To convert the amount of sunflower husks (tons) into emissions, it was first converted into energy expressed in MJ, using a conversion factor of 17.844 MJ/kg of sunflower husks, according to the scientific literature (Perea-Moreno et al., 2018). Estimates were also necessary for the quantities of freon gas leaked (kg) from the air conditioning units and chillers, as not all of our instruments are covered by a maintenance contract. For this estimate, an annual leakage percentage of 3% of the total volume was used, as indicated by the GHG Protocol HFC Tool (Version 1.0), Calculation of HFC and PFC Emissions from the Manufacture, Installation, Operation and Disposal of Refrigeration and Air Conditioning Equipment (Version 1.0). For units with unknown quantity (kg) and type of freon, we assumed that they contained a similar amount to those for which the values were known, and thus we calculated an average weight for each known type of freon gas. Given that none of the entities purchases heat (district heating), Scope 2 emissions come only from purchased and consumed electricity (kWh). No biogenic emissions related to Scope 2 have been identified. For the calculation of market-based emissions, we used the emission factor specific to each electricity producer (g CO2/kWh), taken from the available energy labels. This factor was multiplied by the corresponding amount of energy consumed. For the calculation of location-based emissions, the emission factor for electricity corresponding to Romania was used, which was multiplied by the total amount of electricity used. In the absence of energy labels published for 2024, year-specific emission factors were used for both calculations 2023. In the reporting of Scope 1 and 2, emissions from carbon credits were not excluded.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 136 of 189 The following table shows the GHG emissions from Scopes 1 and 2 for 2024 for Infinity Capital Investments S.A. Group: Reporting year (2024) Comparative Milestones and targets 2024 2030 2040 2050 Target % per year / Base year Scope 1 GHG emissions Gross GHG Emissions - Scope 1 (non-biogenic) 2,440.96 Not the case No targets set Not the case Gross GHG emissions - Scope 1 (biogenic; seed husks) 2,022.27 Not the case No targets set Not the case Percentage of Scope 1 GHG emissions from Emissions Trading Schemes (%) 0% Not the case No targets set Not the case Scope 2 GHG emissions Gross GHG emissions - Scope 2 by location 1,879.52 Not the case No targets set Not the case Gross GHG emissions - Scope 2 by market 1,615.77 Not the case Not the case Scope 3 - Significant GHG emissions Not the case Not the case No targets set Not the case Total GHG emissions (Scope 1 and 2) Total GHG emissions (by location) 6,342.75 Not the case No targets set Not the case Total GHG emissions (by market) 6,079.00 Not the case Not the case Being the first year in which Infinity Capital Investments S.A. Group has calculated the carbon footprint, no targets/objectives have been set regarding the reduction of the carbon footprint, after calculating the GHG 3 footprint, the opportunity to set certain targets will be analyzed.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 137 of 189 Energy intensity based on net income Total GHG emissions (scope 1 and 2) Tons CO2 Total GHG emissions (by location) 6,342.75 Total GHG emissions (by market) 6,079.00 Net income 353,903,200 Total GHG emissions (by location)/Net revenue 0.00179 Total GHG emissions (by market)/Net revenues 0.00171 *Information on net income can be found in the Group's financial statements in line 3 of the Income Statement, line Revenues from contracts with customers. 4. ESRS E2 - Pollution 1. [IRO-1] Description of the processes to identify and assess material impacts, risks and opportunities related to pollution Infinity Capital Investments S.A. Group has conducted a detailed analysis of its operations, identifying pollution-related impacts and risks (IROs) both in its own activities and in the value chain. These IROs were evaluated to determine their significance, using a methodology inspired by LEAP (Location-specific Environmental Action Planning). The LEAP methodology is based on a systematic approach to identifying, assessing and managing environmental impacts, integrating aspects such as location, severity of impact and mitigation measures. As part of this process, Infinity Capital Investments S.A. Group carried out: • identifying the sources of pollution, analyzing the direct and indirect emissions generated in the production chain; • assessment of resource dependency and ecosystem impact, including water consumption, waste management and greenhouse gas emissions;

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 138 of 189 • analysis of the associated risks and opportunities, determining measures to reduce pollution and improve environmental performance; Infinity Capital Investments S.A. Group (the parent company) has subsidiaries and offices located in different regions of the country. Pollution risk monitoring is carried out for all these facilities, each with its own specificities in terms of environmental impact. The locations for monitoring pollution risks are as follows: Company Value chain Location of work point Infinity Capital Investments S.A. (Parent company) Investment Tufănele Street, Nr. 1, Craiova, Dolj county, Romania Argus Group S.A. Sunflower oil production Șoseaua Industrială 1, Constanța county, Romania Grup Electromagnetica S.A. Other productions/ Real estate and hotels Calea Rahovei 266-268, București, Bucharest, Romania Provitas S.A. Real Estate & Hotels Bdul. Unirii 14, Bloc 6A, 6B, 6C Bucharest, Romania Alimentara S.A. Real Estate & Hotels Str. Arinului, Nr. 1, Slatina, Olt county, Romania Flaros S.A. Real Estate & Hotels Strada Ion Minulescu 67-93, Bucharest 31216, Romania MERCUR S.A. Real Estate & Hotels Calea Unirii 14, Craiova, Dolj county, Romania Voltalim S.A. Real Estate & Hotels Bulevardul Decebal 120a, Craiova, Dolj county, Romania Construcţii Feroviare Craiova S.A. Real Estate & Hotels Aleea I Bariera Vâlcii, Nr. 28, Craiova, Dolj county , Romania Aliment Murfatlar S.R.L. Real Estate & Hotels Constanța, Str. I. C. Brătianu, Nr. 176, Constanța county, Romania Gemina Tour S.A. Real Estate & Hotels Strada Știrbei Vodă 103, Râmnicu Vâlcea, Râmnicu Vâlcea county, Romania Complex Hotelier Dâmbovița S.A. Real Estate & Hotels Bulevardul Libertății 1, Târgoviște, Dâmbovița county, Romania Turism Pucioasa S.A. Real Estate & Hotels Strada C. Olănescu 1, Pucioasa, Dâmbovița county, Romania Lactate Natura S.A. Real Estate & Hotels Bd. Independentei, 23, Târgoviște, Dâmbovița county, Romania Gravity Capital Investments S.A. Group Real Estate & Hotels Bloc 6, Bulevardul Unirii 14, Bucharest, Romania Infinity Capital Investments S.A. Group has identified the potential impacts on the environment and people related to pollution, which vary depending on the activities of each sector of activity, more details are included in ESRS 2 - Double Materiality Assessment.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 139 of 189 i. Sunflower oil production (Argus S.A.) The company is authorized by the Constanta Environmental Protection Agency through Environmental Permit No 233/22.12.2022, revised by No 209/28.12.2023. Also, its environmental management system is: a) Air pollution In the production process, emissions of volatile organic compounds (VOCs), NOx, SOx and dust can affect air quality, but these emissions are constantly monitored, and so far there have been no exceedances of the legal limits. Risks include non-compliance with air quality regulations, risks of fines and business stoppage, health risks to employees and the community, adaptation costs for pollution control technologies, and reputational risk if emissions are not properly managed. b) Water pollution Water can be polluted due to accidental spills of chemicals or oils. Argus S.A. manages the wastewater in a closed circuit and discharges it into the city's network, under controlled conditions. The wastewater from the technological process, from the extraction, refinery and from the bottling section is discharged into the technological sewerage and subjected to a pre-treatment process through physico-chemical treatment, respectively purification through the biological treatment plant. The main role of this plant is to remove suspensions, organic materials, fats and oxidizable substances from the wastewater before it is discharged into the city collector. The site's infrastructure is arranged in such a way as to prevent the risks of pollution of aquatic ecosystems. However, in 2024 there were exceedances of the maximum permissible concentrations of substances in wastewater discharged into the sewerage network. The risks include significant remedial costs and the implementation of a plan of measures imposed by the Environmental Guard. During the 2024 year, Argus S.A. received a fine of Lei 12,500 regarding the pollution of the discharged waters. c) Soil pollution This can be caused by accidental chemical or waste spills, but the company manages the risks through concrete platforms and waste collection spaces. The policies that apply to the management are set out below. ii. Other production processes (Electromagnetica S.A.)

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 140 of 189 At Electromagnetica S.A., potential impacts on the environment and health are related to air and water pollution. The company is authorized by the Environmental Protection Agency (A.P.M.) Bucharest, through the Environmental Permit No 72/ 04.03.2019, by Decision No 03/09.01.2024, regarding obtaining the visa for the period 04.03.2024-04.03.2025. a) Air pollution Air pollution can result from emissions from the production process, which can affect air quality and public health, only in the case of accidental pollution. b) Water pollution As far as water pollution is concerned, Electromagnetica S.A. manages water in a closed circuit and discharges wastewater into the city's network, in a controlled manner. Also, the technological wastewater from the cutting processing section is collected in PVC containers, after which it is taken over by authorized units for disposal. Electromagnetica S.A. carries out monthly measurements on the wastewater that is discharged into the city sewerage. In 2024, no exceedance of the limits established by the Environmental Permit was found. c) Soil pollution The company holds the necessary authorizations according to the legislation, and relevant certifications include ISO 14001, ISO 9001, ISO 45001, FSSC 22000. Environmental policies include Environmental Policy, Waste Management Policy, Supplier Selection Procedure, Water and Soil Pollution Prevention Plan and Semi-Annual Emissions Reports. These measures ensure compliance with environmental rules and reduce their impact. iii. Real Estate & Hotels/ Investments Following the analysis, it was acknowledged that the locations are in urban areas, connected to public utilities, without polluting activities or the use of hazardous substances. Thus, given the specificity of the activities of this sector, no significant potential impact has been identified.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 141 of 189 2. Material IROs As a result of the double materiality assessment carried out, the following material impacts and risks resulted: i. Investments – There are no significant impacts and/or risks of pollution in this sector, given the activity carried out. ii. Sunflower oil production (Argus) Subtopic I/R/O Description Horizon Current/ Potential Air pollution Impact- Emissions from production processes can affect air quality (volatile organic compounds (VOCs), NOx, SOx and dusts), in case of accidental pollution. Argus S.A. generates VOCs determined by a hexane consumption of no more than 1 kg per ton of processed seeds. Argus S.A. uses a metal chimney with H=25m and D=1.2m for the evacuation of gases from the heating plant fueled with natural gas and sunflower seed husks and with a metal chimney with H=21 and D=320mm for the evacuation of gases from the high-pressure steam production plant fueled with natural gas. The monitoring of these emissions is carried out constantly, and so far there have been no exceedances of the legal limits. External reviews are also carried out twice a year to verify compliance. ST Potential Water pollution Impact- Oilseed processing processes generate wastewater containing chemicals, oils and other contaminants, which, if not properly treated, will not fall within the limits of the NTPA 002 legal requirements. Currently, the wastewater is discharged to the RAJA outfall and is treated again. -During 2024, insufficiently treated technological wastewater was discharged into the city sewerage network, recording values above the limits of the maximum concentrations allowed by the regulations in force. ‘The company did not ensure adequate systems of surveillance, tracking and self-control of the installations and technological processes, in order to prevent pollutant emissions, contrary to GEO 195/2005 on environmental protection,’ said Steluța Popescu, chief commissioner of the Constanta Environmental Guard. ST Current

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 142 of 189 Subtopic I/R/O Description Horizon Current/ Potential Soil pollution Impact- Oil, solvents or other chemicals used in the production/waste process can contaminate the soil in case of accidental spills or spills. Argus S.A. has concrete platforms, absorbent substances, spaces arranged for the collection of waste resulting from the activity. ST Potential Water pollution Risk The risk of not complying with the conditions imposed by the environmental permit leads to high remedial costs and to the implementation of a plan of measures imposed by the Environmental Guard as well as to fines. ST Soil pollution Risk Soil pollution can negatively affect the company's image, leading to a loss of trust from local communities, consumers and investors. In the event of soil contamination, the remedial costs can be significant, involving complex cleaning and rehabilitation activities. ST Hazardous substances Impact- The use of chemicals can expose employees to health risks, such as respiratory problems, skin irritation, or neurological effects, depending on the nature of the substances used. Only the chemicals necessary in the flow/process are used, authorized quantities, there is no risk unless an employee intentionally ingests these substances. The chemicals used are intended for use in the food industry. ST Potential Hazardous substances Risk Although Argus S.A. complies with the legal requirements in force regarding the use of chemicals and the Occupational Health and Safety Law, providing protective equipment and using chemicals intended for the food industry, there is a risk of not fully complying with these regulations. Failure to fully comply with legal standards and security rules can lead to considerable penalties and fines, as well as additional costs for remediating compliance. In addition, any incident related to the improper use of chemicals or non-compliance with safety measures can negatively affect the health of employees, the company's reputation and can generate significant financial losses, including legal and compensation costs. ST Highly Hazardous Substances Risk Although the chemical substances used are authorized and monitored by APM Constanța, with strict consumption standards established within the technological process to ensure safety, there remains a risk of accidental leaks or non-compliance with the prescribed consumption norms. While employees do not come into direct contact with these substances, potential technical malfunctions or human errors could lead to contamination, accidental exposure, or environmental incidents. ST

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 143 of 189 Subtopic I/R/O Description Horizon Current/ Potential Such situations may result in significant fines and penalties, as well as costs related to cleanup and remediation, along with potential legal actions. Furthermore, these incidents could negatively impact the company’s reputation, investor relations, and regulatory interactions, ultimately affecting the company's financial and operational performance iii. Other product processes (Electromagnetica S.A.) Subtopic I/R/O Description Horizon Current/ Potential Air pollution Impact- According to environmental permits (209/28.12.2023), Electromagnetica S.A. has a heating plant with 6 boilers (S1) that significantly contributes to air pollution through the emission of SO2, NO2, CO and dust. The flue gases are exhausted and dispersed into the atmosphere through a brick chimney, with a height of 22 m and an internal section of 0.5x0.5 m². However, the relatively low height of the chimney and the reduced internal section do not allow for optimal dispersion of pollutants, which can lead to increased concentrations of harmful substances in the vicinity of the source. ST Current Water pollution Impact- According to environmental permits (209/28.12.2023), emissions from the factory pose a significant risk of water pollution, given the high concentrations of pollutants. Wastewater contains high values of suspended matter, chemical oxygen demand (CCO-Br) and five-day biological oxygen demand (BOD5), which can deplete the oxygen available in the water, affecting aquatic life. Also, the presence of biodegradable synthetic detergents, sulfates and hydrogen sulfide, as well as heavy metals such as zinc, nickel, lead, copper, and total chromium, can contribute to groundwater and surface water contamination. Concentrations of phenols and other extractables with organic solvents can also significantly affect water quality. ST Potential

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 144 of 189 Subtopic I/R/O Description Horizon Current/ Potential Soil pollution Impact- Soil contamination with chemicals from solid waste or material spills such as oils or drilling mud. This can lead to deterioration of soil quality, affecting local flora and fauna and disrupting ecosystems. The generation of toxic waste from production can pollute soil and water, with long-term effects on the environment. LT Potential Water pollution Risk Accidental leaks of pollutants or spills can affect ecosystems and attract legal and environmental liability. Any water pollution incident can damage the company's reputation and relations with local communities. Taking into account the fact that Electromagnetica S.A. recirculates the amount of water used in the production process, without having discharges of water from production into the public network. MT Hazardous substances Impact- In its operations, ELMA uses hazardous substances, such as: Halogen-free emulsions and lubrication solutions, non-chlorinated hydraulic mineral oils. MT Potential iv. Real estate and hotels – In this sector, no significant impacts and/or risks of pollution have been identified, given the specificity of the activities (no use of hazardous substances or activities that lead to the pollution of the discharged water). 3. [E2-1] Policies related to pollution i. Sunflower oil production – Argus S.A. In accordance with the Environmental Policy of Argus S.A., the company has implemented a set of processes and measures aimed at minimizing the environmental impact and ensuring compliance with applicable regulations. Argus S.A. monitors air pollutant emissions, water consumption and wastewater discharge, ensuring periodic operational control to optimize the use of natural resources. Wastewater is also treated according to environmental standards to reduce the impact on ecosystems. The management of hazardous substances involves periodic assessment of their impact, strict control of their use and disposal, as well as training employees on safe handling and storage. In the event of an incident with a potential impact on the environment, Argus S.A. applies immediate measures to eliminate the causes, stop processes that can amplify pollution and risk analysis to prevent similar situations.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 145 of 189 To ensure compliance, the company complies with all legal requirements and environmental regulations, conducting periodic audits to identify and correct any deviations and maintaining an ISO 14001 certified environmental management system. Argus S.A. also reports regularly to the competent authorities, openly communicating about its environmental actions and performance, and policies are constantly reviewed for continuous process improvement. Argus S.A. holds the necessary authorizations according to the legislation, including international certifications ISO 14001, ISO 9001, ISCC_EU, FSSC 22000 and ZERO WASTE Silver. By obtaining these certifications, the company contributes to the prevention and management of pollution risks more effectively, such as: - ISO 14001 and ISCC_EU certifications help to implement processes to reduce greenhouse gas emissions and other pollutants, in accordance with environmental regulations. - Implementing an ISO 14001 certified environmental management system helps to properly manage waste and hazardous chemicals, reducing the risks of soil contamination. - The ZERO WASTE Silver certification reflects the company's commitment to minimizing its environmental impact by reducing the amount of waste generated and implementing recycling and reuse solutions. - ISO 9001 and FSSC 22000 certifications help reduce the risks associated with contamination of industrial products and processes, given quality and food safety standards. The implemented environmental policies include the Environmental Policy, the Risk Management Policy, the Water and Soil Pollution Prevention Plan, as well as detailed procedures for the selection of suppliers. These certifications and policies help the company effectively manage pollution risks and reduce negative environmental impacts. Thus, the policies address the general impacts on water, air, soil pollution and the management of hazardous/very hazardous substances. However, the impacts, risks and material opportunities identified by the double materiality achieved for this reporting are not specifically addressed within the aforementioned procedures. Responsibilities:  The management is responsible for the implementation and monitoring of the Environmental Policy of Argus S.A.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 146 of 189  All employees have the responsibility to contribute to the achievement of the company's environmental objectives and are involved in the implementation of policy requirements, environmental objectives and continuous improvement.  Plant Manager – Ensures the implementation of the environmental policy, the prevention of non-compliances, the identification and management of risks, as well as the application of appropriate control measures.  Environmental Manager – Coordinates policy implementation, monitors environmental protection, manages ISO 14001 certification, and controls environmental risks, including regulatory compliance and employee awareness. The policies are available to be accessed by all employees of Argus S.A. ii. Other production processes (Electromagnetica S.A.) In accordance with the General Environmental Management Procedure, Electromagnetica S.A. identifies and evaluates environmental aspects to determine significant environmental impacts under various operational conditions. Based on these assessments, environmental objectives and targets are set, and the company develops environmental management programs to optimize the use of resources and minimize environmental impact. Electromagnetica S.A. has implemented the environmental management system according to the ISO 14001 Standard and rigorously follows the provisions of the Environmental Permit to manage the impacts, risks and opportunities related to pollution prevention. The company also holds certifications such as ISO 27001, ISO 45001:2023, ISO 9001 and manages important aspects related to energy and risk management through PG-14 and PG-13 procedures. The environmental policy focuses on monitoring and evaluating environmental performance through planned and periodic measurements. Its objectives include monitoring environmental performance, ensuring compliance with regulations in force and assessing the effectiveness of impact mitigation measures. Electromagnetica S.A. has a Risk Treatment Register and Plan, and the measures to prevent and combat accidental pollution are included in the operational plans and procedures, and accidents are reported and analyzed in order to apply corrective measures. In addition, the company carries

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 147 of 189 out half-yearly measurements of emissions at the two main sources of pollution according to Environmental Permit No 72/04.02.2019, issuing periodic reports on emission tests, which comply with legal requirements. All policies are available to all employees of Electromagnetica S.A. , and management is responsible for their implementation and compliance. 4. E2-2 Actions and resources related to pollution As this is the first year of application of the double materiality process, the actions taken through the ‘Environmental Policies’ of Argus S.A. and Electromagnetica S.A. are formulated at a general level, without being directly correlated with each specific IRO. As internal processes mature, they will be more clearly defined and integrated into the report in a more detailed way. i. Sunflower oil production: Argus S.A. Specific actions/measures:  Wastewater management: treating wastewater according to environmental standards and implementing solutions for its reuse, where possible.  Sustainable actions and minimization of impact: implementing best practices in the field of resource conservation and minimizing environmental impact in day-to-day activities, using resource-efficient technologies and collaborating with partners who have implemented sustainable practices to protect soil and conserve water resources, transforming waste and residues from the production process through the use of technology into valuable resources.  Assessing the environmental impact of the planned activities and, if necessary, taking measures to minimise the negative impact.  Implementing, maintaining and improving the environmental management system in accordance with ISO 14001. Argus S.A. ensures compliance with environmental regulations through periodic measurements and reporting in accordance with legal requirements. ii. Other production processes (Electromagnetica S.A.): As far as Electromagnetica S.A. is concerned, no targets have been set. The monitoring is done in order to comply with the legislation in force.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 148 of 189 5. E2-3 Targets related to pollution As this is the first year of application of the double materiality process, the targets assumed by the Environmental Policy are formulated at a general level, without being directly correlated with each specific RIO. As internal processes mature, they will be more clearly defined and integrated into the report in a more detailed way. i. Sunflower oil production: Argus S.A. According to the Environmental Policy, Argus assumes the following commitments:  Compliance with environmental regulations – Ensuring compliance with applicable legislation and requirements for all company operations and sites.  Continuous improvement – Implementation of a constant process of evaluation and optimization of environmental performance, through periodic audits and corrective measures.  Education and awareness – Training and training employees on environmental protection, encouraging active involvement in sustainable initiatives.  Sustainability-oriented organizational culture – Developing a work environment in which responsibility for environmental protection becomes an essential component of the company's activity.  Responsible collaboration with suppliers – Engaging supply chain partners in adopting sustainable practices and ensuring compliance with green standards. Argus S.A. has not established any other details, including resources regarding the above objectives. ii. Other production processes (Electromagnetica S.A.): As for Electromagnetica S.A., it has not set targets related to pollution.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 149 of 189 6. [E2-4] Pollution of air, water and soil Emissions into the air, water and soil are monitored according to the nature of the emissions and their source. Through the environmental permits of the sites, the monitoring locations, frequency, methodology and legal reporting requirements are established. i. Argus S.A. (sunflower oil production) Within Argus S.A., production activities can generate emissions of SO2, NO2, CO, dust, volatile organic substances, tin and its compounds (Sn), which can affect air quality. There is also a risk of water and soil pollution related to the use of chemicals and oils in the production process. Wastewater is managed in a closed circuit and discharged in a controlled manner into the sewerage network, but there are risks of accidental leakage. The concentrations and mass flows of pollutants, the level of noise, radiation, allowed for discharge into the environment, permitted exceedances and under what conditions, according to Environmental Permit No 233/22.12.2022, as revised by Permit No 209/28.12.2023. • Quality of wastewater discharged Rule NTPA No 002/2005 for wastewater discharged into the city sewerage network: pH – 6.5-8.8, suspended matter – max. 350 mg/l, biochemical oxygen consumption at 5 days (BOD₅) – max. 300 mg O₂/l, chemical oxygen consumption – potassium dichromate method (CCOCr) – max. 500 mg O₂/l, extractable substances with organic solvents – max. 30 mg/l and biodegradable synthetic detergents – max. 25 mg/l, sulfides and hydrogen sulfide – 1 mg/l; • Air quality Compliance with Law 104/2011 on ambient air quality and Order No 462/1993 of the Ministry of Water and Environmental Protection as regards the following indicators: particulate matter - 5 mg/mcN; SOₓ - 35 mg/mcN; NOₓ - 350 mg/mcN; CO - 100 mg/mcN - for flue gases discharged into the atmosphere as a result of the combustion of gaseous fuel;

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 150 of 189 • Emissions from medium combustion plants (gaseous fuel) The emission limit for fireboxes fueled by gaseous fuel, according to Law No 188/2018, regarding medium combustion installations, with a nominal thermal value greater than 5 MW: NOₓ - val.max,200 mg/Nm3 and CO, SO₂, dust - without emission limit values - the first measurements are carried out within four months from the authorization of the installation, thereafter every 3 years; • Emissions from medium combustion plants (solid fuel) The flue gases discharged into the atmosphere as a result of the combustion of solid fuel do not exceed the emission limits according to Order No 462/1993: dust 100 mg/cubic meter; SOₓ 2000 mg/mcN; NOx 500 mg/mcN; CO 250 mg/mcN. • Total annual emissions of volatile organic compounds (VOCs) Total annual VOC emissions: the VOC emission limit value in waste gases is 1 kg/ton of sunflower, according to the provisions of Law No 278/2013 on industrial emissions, Annex 7. According to the Environmental Permit, Argus S.A. has the obligation to carry out the management plan for organic solvents containing volatile compounds in the extraction process for 2024. The company has submitted to the Constanta Environmental Protection Agency the Management Plan for VOC-containing solvents for 2024, which finds that the VOC limit established by the Environmental Permit is respected, registering the value of 0.944%. Environmental monitoring: Physico-chemical, bacteriological and biological emission indicators, pollutant emissions, frequency, way of capitalizing on the results: • According to Rule NTPA No 002/2005, for: pH, suspended solids (M.T.S.), BOC5, CCOCr, sulfides and hydrogen sulfide, S.E.T. and biodegradable synthetic detergents – half-yearly, in the month of the analysis bulletin;

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 151 of 189 • The flue gases discharged into the atmosphere as a result of the combustion of solid fuel do not exceed the emission limits according to Order No 462/1993: powders 100 mg/Nm3; SOx 2000 mg/Nm3; NOx 500 mg/Nm3; CO 250 mg/Nm3 – every six months, in the month of the analysis report; • Compliance with Law no. 104/2011 on ambient air quality and MAPPM Order No 462/1993 to the following indicators: dust - 5 mg/Nm3; SOx - 35 mg/Nm3; NOx - 350 mg/Nm3; CO - 100 mg/Nm3 – for flue gases discharged into the atmosphere as a result of the combustion of gaseous fuel – every six months, in the month of the analysis report. • The VOC emission limit value will not exceed the limit value of 1 kg/ton of processed sunflower, according to the provisions of Law No 278/2013 on industrial emissions, Annex 7; • The emission limit values for solid biomass outbreaks will be respected, according to Law N. 188/2018 regarding medium combustion plants with a nominal thermal value greater than 5 MW: NOx - val. max. 650 mg/Nm3, CO - without emission limit values, SO2 - 200 mg/Nm3, dust - 50 mg/Nm3 - the first measurements are made within four months from the authorization of the installation, then every 3 years; • The emission limit values for gaseous fuel-fueled fireboxes will be observed, according to Law no. 188/2018, regarding medium combustion installations, with a nominal thermal value greater than 5 MW: NOx - val.max,200 mg/Nm3 and CO, dust - without emission limit values - the first measurements are made within four months from the authorization of the installation, thereafter every 3 years. In April 2024, the National Environmental Guard – Constanta County Commissariat carried out an inspection at ARGUS S.A., following a notification on the quality of the discharged wastewater. Evaluation results • The wastewater from the extraction, refining and bottling processes goes through a physico-chemical pre-treatment system, but the analyzes indicated exceedances in fats, suspended solids and oxidizable substances. • The inspection of the R1 and R2 manholes, where condensate and rainwater are discharged, found local accumulations of wastewater, as a result of a blockage made by the network operator. These were managed by emptying and treatment in the plant's microbiological station. • The treatment plant was operating according to the parameters, except for a fault in the aeration system of a basin, which could influence the efficiency of the treatment.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 152 of 189 • The external monitoring did not indicate any exceedances at the half-yearly analysis (21.02.2024), but the internal monitoring identified four exceedances of the allowed limits in the period 03.01.2024 – 14.04.2024. In accordance with article 94(1), letter j) of GEO 195/2005, the company received a fine for administrative offence of Lei 12,000. Improvement Measures and Actions: Argus S.A. has started actions to optimize the wastewater surveillance and control process, strengthening internal monitoring and implementing corrective measures to improve the performance of the wastewater treatment plant. The company maintains its commitment to compliance with environmental regulations and the implementation of sustainable solutions for water resources management, ensuring compliance with Rule NTPA 002/2005 and other applicable requirements: • Starting with 24.04.2024 – Taking all necessary measures to prevent the discharge of non-compliant wastewater into the city sewerage network; • Until 30.04.2024 and permanent – Sanitation of the areas related to the sewerage manholes and prevention of accidental wastewater leaks; • Monthly, until the 10 th day of the month – Transmit the report on the daily monitoring carried out by its own laboratory on the wastewater discharged at the exit of the microbiological treatment plant to the National Environmental Guard of Constanta county. Maximum permissible concentrations for discharged technological water, according to the Environmental Permit: Indicator U.M Maximum allowed value Minimum measured value in 2024 Maximum measured value in 2024 Ph pH units 6.5 - 8 7.3 7.5 Suspended solids mg/dm³ 350 142.2 199.5 Biochemical oxygen consumption at 5 days (BOD5) mg O₂/dm³ 300 141.4 141.4 Chemical oxygen consumption (CCO_Cr) mg O₂/dm³ 500 290.88 337.68 Extractables with organic solvents mg/dm³ 30 21.8 23.1

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 153 of 189 Indicator U.M Maximum allowed value Minimum measured value in 2024 Maximum measured value in 2024 Biodegradable synthetic detergents mg/dm³ 25 0.59 5.91 Sulphides and hydrogen sulphide mg/l 1 mg/l 0.07 0.07 The limits allowed by the Environmental Permit are observed. ii. Electromagnetica S.A. (other production): At Electromagnetica S.A. pollution risks are mainly associated with accidental emissions of substances that can affect both air and water quality. Production activities can generate emissions of SO₂, NO₂, CO, dust, volatile organic substances, tin and its compounds (Sn), with a potential impact on the environment. According to the Environmental Permit, Electromagnetica S.A. has the obligation to monitor the air every six months regarding the pollutants resulting from the combustion process, but also from the technological processes and monthly determinations in the control sections for water monitoring. In April 2024, the National Environmental Guard – Bucharest Municipality Commissariat (GNM-CMB) carried out a P-B type inspection (planned). The purpose of the control was to verify compliance with the environmental legislation in force, the provisions of the permits held and the measures previously ordered. According to the inspection report, no sanctions for administrative offence were applied, but corrective measures were imposed: • Notification of the Bucharest Environmental Protection Agency regarding the changes occurred in the activity compared to the provisions of the environmental permit; • Submission of wastewater analysis reports for 2024. If they indicate exceedances of the allowed values, the company will implement compliance measures; • Storage of used oil exclusively in specially designed, closed and secure spaces, according to GEO 92/2021; • Storage of hazardous chemicals separately from other materials or waste, according to safety data sheets; • Submission of the record of the waste generated in 2024 to the GNM-CMB, including submission of the loading/unloading forms and the monthly declaration for February-March 2024 to the AFM.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 154 of 189 • Reporting to the GNM-CMB on the status of implementation of the established measures, according to the deadlines imposed for each action. Periodic measurements are made to monitor both air and water, and the data are detailed in the analysis bulletins. The company collaborates with Ted Nova SRL and Biosol PSI SRL to determine the value and carry out measurements. All measurements taken in 2024 for air pollution indicated values below the permissible limits, confirming compliance with legal regulations. These data are included in the laboratory reports. Limit values for air under normal operating conditions, according to the Environmental Permit: Pollutants Maximum permissible (mg/m³) Alert threshold (mg/m³) Minimum measured value in 2024 Maximum measured value in 2024 Carbon monoxide (CO) 100 70 19 23 Nitrogen oxides (NO₂) 350 245 126 131 Sulphur oxides (SO₂) 35 24.5 0 0 Powders 5 3.5 0.2 0.2 Total powders 50 35 11.2 12.4 Volatile organic substances (C_total) 150 105 19.8 21.3 The maximum limits allowed by the Environmental Permit are observed. Maximum permissible concentrations for discharged technological water, according to the Environmental Permit: Indicator U.M Maximum allowed value Minimum measured value in 2024 Maximum measured value in 2024 Ph pH units 6.5 - 8.5 7.3 8.30 Suspended solids mg/dm³ 350 10 542.00 CCO-Cr mg O₂/dm³ 500 30.7 741.10 BOD5 mg O₂/dm³ 300 6 251.00 Biodegradable synthetic detergents mg/dm³ 25 0.2 0.83

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 155 of 189 Indicator U.M Maximum allowed value Minimum measured value in 2024 Maximum measured value in 2024 Extractables with organic solvents mg/dm³ 30 1.07 14.20 Ammonia nitrogen mg/dm³ 30 2.339 11.42 Total phosphorus mg/dm³ 5 0.5 3.18 Zinc mg/dm³ 1 0.03 0.65 Nickel mg/dm³ 1 0.10 0.10 Lead mg/dm³ 0.5 0.070 0.08 Copper mg/dm³ 0.2 0.02 0.13 Total chromium mg/dm³ 1.5 0.050 0.06 Water vapour entrained phenols mg/dm³ 30 0.10 0.10 Free residual chlorine mg/dm³ 0.5 0.10 0.10 Total coliform bacteria CFU/100 ml 5000/100 ml 60 24,200.00 Fecal coliform bacteria CFU/100 ml 2000/100 ml 15 19,860.00 Fecal streptococci CFU/100 ml 1000/100 ml 5 24,200.00 Salmonella - Absent in 5000 ml Absent/5000ml Absent/5000ml Di(2-ethylhexyl) phthalate (DEHP) μg/l 1.3 1.00 1.00 Temperature °C 40 7.20 26.00 Environmental monitoring: Physico-chemical, bacteriological and biological emission indicators, pollutant emissions, frequency, way of capitalizing on the results:  Air monitoring • Thermal power plant (natural gas) – S1 o Carbon monoxide (CO), nitrogen oxides (NO₂), sulfur oxides (SO₂), powders • Thermal power plant (CLU) – S1

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 156 of 189 o Carbon monoxide (CO), nitrogen oxides (NO₂), sulfur oxides (SO₂), powders • Tooling section (mechanical processing machines and SDV) – S2 o Total powders • Formatting SMD Planting & Electrical Circuits (tin-based alloy soldering operations) – S3 o Volatile organic substances expressed in total C o Tin and its compounds (Sn) • Formatting SMD planting and electrical circuits (tin parts drying operations) – volatile organic substances expressed in C (total)  Water monitoring: • Physicochemical parameters: pH, suspended solids, CCO-Cr, BOD5, extractable substances with organic solvents, biodegradable active anion synthetic detergents; • Heavy metals and hazardous substances: zinc, ammonia nitrogen, total phosphorus, nickel, lead, copper, total chromium, phenols that can be driven by water vapor; • Microbiological indicators: total coliform bacteria, fecal streptococci, fecal coliform bacteria, salmonella; • Free residual chlorine. 7. [E2-5] Substances of concern and substances of very high concern i. Argus S.A. (Sunflower oil production) In 2024, Argus S.A. used the following types of hazardous substances and preparations, highlighting their use in various production processes: N- hexane (used in the extraction process, sulfuric acid (used in the process of splitting soapstok resulting from neutralization), sodium hydroxide is used in various stages of production, citric acid, ferric chloride and urea.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 157 of 189 These substances are stored under controlled conditions: N-hexane in the outdoor warehouse, in three tanks, with an additional empty tank for emergencies, sulfuric acid in an above-ground confined tank and with a 25-ton retention tank, and sodium hydroxide in metal barrels, stored in a confined space. Argus S.A. - substances of concern and substances of very high concern - main classes of concern (in kg) The total amount of hazardous substances used was approximately 217,351 kg, divided as follows: N-hexane Sulphuric acid Sodium hydroxide Citric acid Ferric chloride Urea Total quantity of substances of concern generated or used during production or procured 84,485 - - 28,375 5,914 390 Total quantity of substances of concern exiting the facilities as emissions, as products, or as part of products or services - - - - - - They exit the installations as emissions - - - - - - They exit the installations as products - - - - - - They exit the plant as part of the products - - - - - - They exit the facilities as a service - - - - - - Total quantity of substances of very high concern generated or used during production or procured - 98,176 11 - - - The total amount of substances of very high concern exiting the facilities as emissions, as products, or as part of products or services - - - - - -

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 158 of 189 N-hexane Sulphuric acid Sodium hydroxide Citric acid Ferric chloride Urea They exit the installations as emissions - - - - - - They exit the installations as products - - - - - - They exit the plant as part of the products - - - - - - They exit the facilities as a service - - - - - - ii. Electromagnetica S.A. (other production): In 2024, ELMA used the following types of hazardous substances and preparations: technical alcohol, A4241 aquanox, TPC black ink and R2 444 – RZ 303 solvent. According to the Environmental Permit, these substances are stored under controlled conditions. In 2024, Electromagnetica S.A. decided to sell plastic injection machines, which are used in the production line – plastics. At 31 December 2024, this process was ongoing, after the completion of the sale, these substances will no longer be used at Electromagnetica S.A.. ELMA substances of concern - main classes of concern (in kg) The total amount of substances of concern used was approximately 172.79 kg, divided as follows: Technical ethyl alcohol A4241 aquanox TPC black ink R2 444 – RZ 303 solvent Total quantity of substances of concern generated or used during production or procured 25 30.05 7.46 110.28 The total amount of substances of concern exiting the facilities as emissions, as products, or as part of products or services - - - - They exit the installations as emissions - - - - They exit the installations as products - - - - They exit the plant as part of the products - - - - They exit the facilities as a service - - - -

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 159 of 189 3. ESRS E3 - Water and marine resources 1. [IRO-1] Description of the processes to identify and assess material impacts, risks and opportunities related to water and marine resources Infinity Capital Investments S.A. Group operates in four distinct lines of activity, namely: • investments • sunflower oil production (Argus S.A.) • other production (Electromagnetica S.A.) • real estate & hotels Each of these sectors is responsible for water management according to its operational specifics, and the water-related risk assessment has been carried out individually. In this respect, the Investment sector does not have a direct impact on water consumption and the water-related risk assessment is not applicable for this sector. Therefore, the analysis and monitoring of impacts on water focuses only on the other three sectors of activity: Sunflower oil production (Argus S.A.), Other production processes (Electromagnetica S.A.) and the Real Estate and Hotels value chain. Infinity Capital Investments S.A. Group attaches great importance to the management of water resources, with a focus on reducing consumption and efficient wastewater management. This initiative is essential in the context of operating sites located in areas assessed as water-stressed. We conducted a detailed water risk analysis for the group's locations using the Water Risk Atlas platform, an interactive tool developed by the World Resources Institute (WRI), available at the Aqueduct Water Risk Atlas. This platform allows the assessment of water risk at a global level, providing information on water stress, material water risk, water quality and resource availability in different climate scenarios based on a water risk classification system, which assesses the availability and pressure on water resources. The risk levels are defined as follows: • Low Risk (0-1): good availability of water resources, without significant restrictions for users. • Low-Medium Risk (1-2): seasonal fluctuations in water resources may occur, but the impact on activities is limited. • Medium-High Risk (2-3): water availability is starting to be an issue, and users may experience difficulties in constantly accessing resources.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 160 of 189 • High Risk (3-4): High water stress – competition for water is strong, resources are limited, and restrictions on use may be imposed frequently. • Extremely High Risk (4-5): Extreme Risk – major water scarcity, existing resources are insufficient for local demand, severely affecting economic activities and communities. To determine whether the group's locations are in high-risk areas, the coordinates of each subsidiary were analyzed in relation to the estimated water stress levels for 2030, according to the best-case scenario. We chose the best-case scenario for the water risk analysis for 2030, as it involves improving the management of water resources and implementing effective technological and policy measures, which could reduce the pressure on water sources. Thus, we wanted to assess the impact under favorable conditions, offering a more balanced vision and the possibility to anticipate proactive risk management solutions. The analysis takes into account the distinction between material water risk (the impact on the company's operations) and high water stress (the availability of the resource in the region). In our analysis, we considered a clear distinction between material water risk and water stress, as follows: • Medium (1-2) = material water risk, indicating possible operational difficulties related to water costs and availability, but without immediate critical impact. • High (3-4) and Very High (4-5) = water stress, which means significant pressure on water resources, with the potential for scarcity and major impact on operations. This classification allows us to correctly identify and assess the level of risk for each location of the group, facilitating the planning of the necessary measures for effective water management. The table below highlights the results of this assessment, indicating the level of risk associated with each subsidiary and the differentiation between material water risk and high water stress, according to the aforementioned criteria. Company name Line of activity Location of work point Water risk level Classification Material risk/ High water stress Infinity Capital Investments S.A. Investment Tufănele, Nr. 1, Craiova, Dolj Medium - High (20-40%) Material risk

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 161 of 189 Company name Line of activity Location of work point Water risk level Classification Material risk/ High water stress Argus S.A. Group Sunflower oil production Șoseaua Industrială 1, Constanța 900001, Romania Low (<10%) N/A Electromagnetica S.A. Group Other production - Electromagnetica Calea Rahovei 266-268, București, Bucuresti, Romania High (40-80%) High water stress Provitas S.A. Real Estate & Hotels Bdul Unirii 14, Bloc 6A, 6B, 6C, București High (40-80%) High water stress Alimentara S.A. Real Estate & Hotels Str. Arinului, Nr. 1, Slatina, Olt, Romania Medium - High (20-40%) Material risk Flaros SA Real Estate & Hotels Strada Ion Minulescu 67-93, București High (40-80%) High water stress Mercur S.A. Real Estate & Hotels Calea Unirii 14, Craiova, Romania Medium - High (20-40%) Material risk Voltalim S.A. Real Estate & Hotels Bulevardul Decebal 120a, Craiova, Romania Medium - High (20-40%) Material risk Construcții Feroviare Craiova Real Estate & Hotels Aleea I Bariera Vâlcii, Nr. 28, CRAIOVA, DOLJ, Romania Medium - High (20-40%) Material risk Aliment Murfatlar SRL Real Estate & Hotels Constanta, Str. I. C. Brătianu, Nr. 176, Județ Constanța Low (<10%) N/A Gemina Tour SA Real Estate & Hotels Strada Știrbei Voda 103, Râmnicu Vâlcea, Romania Medium - High (20-40%) Material risk Complex Hotelier Dâmbovița SA Real Estate & Hotels Bulevardul Libertății 1, Târgoviște, Romania Low (<10%) N/A Turism Pucioasa SA Real Estate & Hotels Strada C. Olanescu 1, Pucioasa 135400, Romania Low (<10%) N/A Lactate Natura SA Real Estate & Hotels Bd. Independenței, 23, Dâmbovița, Târgoviște Low (<10%) N/A

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 162 of 189 Company name Line of activity Location of work point Water risk level Classification Material risk/ High water stress Gravity Capital Investments SA Group Real Estate & Hotels Bloc 6, Bulevardul Unirii 14, București 040106, Romania High (40-80%) High Water Stress The specific aspects of each sector of activity taken into account in the materiality assessment are detailed below: i. Investments The activity carried out by Infinity Capital Investments S.A. does not generate a significant impact on water resources. The company is supplied from the municipal network, discharging wastewater directly into the public sewerage system, without requiring its own treatment system. ii. Production of sunflower oil (Argus S.A.) Water is an essential resource for Argus S.A., having a critical role in the production processes of sunflower oil. The company uses water from the RAJA Constanta public network, through a 400 mm pipe, and from a well drilled at a depth of 300 m, equipped with the Grundfos SP 60/10 electric pump. The water is stored in two tanks of 300 m³ each, and the distribution is carried out through steel pipes of 50-219 mm. The main water consumption is intended for technological cooling, production processes and sanitary use. Argus S.A. optimizes water use through a recirculation system that includes cooling towers and ESMET electric pumps, ensuring an optimal temperature differential of 6-8°C and a recirculation rate of over 90%. The daily volume of recirculated water reaches 11,400 m³, with a maximum flow rate of 475 m³/h. Wastewater is managed through four discharge points in the RAJA network. Several types are distinguished: weakly contaminated water from cooling, discharged directly if it complies with legal limits; technological wastewater with impurities, subject to pre-treatment; waters with a high degree of contamination, coming from the extraction section, containing hexane and fats and are treated by separation and neutralization; domestic water, discharged into the municipal network; and rainwater, managed through drainage channels. The maximum daily flow rate of wastewater is 715.10 m³, with a maximum hourly flow rate of 49.62 m³/h and an average hourly flow rate of 29.80 m³/h.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 163 of 189 Argus S.A. is obliged to comply with environmental regulations, monitoring wastewater parameters in accordance with Order No 31/2006, Government Resolution 352/2005 and Rule NTPA 002. Indicators include pH (6.5 - 8.5), suspended solids (max. 350 mg/L), BOD5 (max. 500 mg O2/L), COD-Cr (max. 600 mg O2/L), ammonia nitrogen (max. 30 mg/L), vegetable fats and oils (max. 30 mg/L) and synthetic detergents (max. 20 mg/L). Argus S.A. performs self-control of these parameters on a quarterly basis, and annually analyzes the specific pollutants. The wastewater from the extraction process contains traces of organic solvents (hexane) and is subjected to a strict separation and neutralization process. The water used for cooling is discharged without additional treatment, as it does not contain pollutants above the legal limits. Rainwater is managed through a drainage system and discharged into the rainwater network or infiltrated into the soil in a controlled manner. The company holds the water management authorization issued by the Dobrogea-Litoral Water Basin Administration. For wastewater that does not require treatment, the monitored parameters include pH (6.5-8.5), temperature (max. 35°C), suspended solids (max. 60 mg/L), BOD5 (max. 25 mg O2/L), COC-Cr (max. 125 mg O2/L), petroleum hydrocarbons (max. 5 mg/L), ammonia nitrogen (max. 3 mg/L) and synthetic detergents (max. 0.5 mg/L). The values are determined quarterly for the basic parameters and half-yearly for the specific pollutants. In 2024, exceedances of some parameters were recorded on the internal sewerage route, which led to the intensification of monitoring and optimization of the neutralization process. The implementation of this measure was discussed during the workshop on the identification of IROs carried out together with internal experts. Major risks related to water use include reduced resource availability due to climate change, increased treatment costs, and the impact of extreme weather events. During the workshop with the internal experts of Argus S.A., it was mentioned that these risks were integrated into its strategy by streamlining water recirculation and investments in infrastructure and considered in the Risk Management Policy. The LEAP materiality assessment identified water consumption, withdrawals and wastewater management as relevant to its operations and value chain. The company constantly monitors impacts and risks, aligning with ESRS E3 requirements and sustainability goals, to reduce the impact on water resources and ensure compliance with strict regulations. iii. Other production processes (Electromagnetica S.A.) Electromagnetica S.A., based in Sector 5, Bucharest, is located in an area with high water stress, according to the verifications carried out through the WRI platform. The company uses water for hygienic-sanitary purposes, technological and for irrigation of green spaces, being supplied from three underground boreholes: F1 (40 m, 8.3 l/s), F2 (42 m, 5.2 l/s) and F3 (48 m, 9.5 l/s), as well as from the public network through two Dn 100 mm connections on Calea Rahovei, used in case of need. The total water requirement is 272.35 m³/day during periods of maximum consumption and 209.50 m³/day on

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 164 of 189 average. The boreholes are equipped with HEBE pumps with flow rates of 6.6 l/s, 4.1 l/s and 7.5 l/s. The water is stored in two underground concrete tanks of 500 m³ and 150 m³, with a fire reserve of 500 m³. The wastewater is managed through a sewerage network connected to five Dn 300 mm connections on Calea Rahovei. The domestic and technological water is discharged through this system, and the water from the machining process is collected in 1 m³ PVC containers and taken over by authorized units. The company optimizes water consumption through a recirculation system with cooling towers and high-efficiency pumps. The wastewater pretreatment is carried out with four AST04 rainwater filtration equipment and DD-32-TT disinfection devices for medical offices. Located in an area of high-water stress, Electromagnetica S.A. faces risks regarding water availability, rising costs and the impact of extreme weather conditions. iv. Real estate and hotels This line of activity of Infinity Capital Investments S.A. Group includes several locations with specific infrastructure for water supply, sewerage and energy: - Flaros S.A. is supplied with water from the public network through two Dn 100 mm and Dn 50 mm connections, having as a fire reserve an underground basin with a volume of 330 cubic meters. The additional supply is provided by the F1 operative borehole at a depth of 176.5 m, while the 185 m F2 and 178.6 m F3 boreholes are in conservation. Domestic, technological and rainwater are discharged through a Dn 300 mm connection, and heating is carried out through power plants. - Turism Pucioasa SA is supplied with water from the Pucioasa city network based on a contract, having an additional source of sulphurous water for treatments. The supply is supported by a P1 mining borehole with an operational flow of 4.5 l/s, a diameter of 1.0 m and a depth of 20 m, with maximum daily volumes of 389.0 cubic meters, averages of 334.0 cubic meters and minimums of 301.0 cubic meters. The catchment is carried out by Sadu 30 type electric pumps, mounted in the borehole basement, and the water is transported through the underground pipe. The sewerage crosses the Ialomita River through a PHED Dn 150 mm pipe with CV1 and CV2 control manholes, and the heating is provided by a centralized system. - Complex Hotelier Dâmbovița SA is supplied with water through the network of the municipality of Târgoviște on a contract basis, it discharges wastewater into the network of the municipality.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 165 of 189 All other companies within this value chain, with small size and an activity profile that does not generate a significant impact on water resources, are supplied from the municipal network of the city in which they operate and discharge wastewater directly into the public sewerage network. 2. [E3-1] Policies related to water and marine resources Water management Within the Group, Infinity Capital Investments S.A. is carried out in accordance with the applicable legislation and regulations, ensuring the responsible use, treatment and disposal of wastewater. Each company in the group operates on the basis of the Environmental Permit issued by the competent authorities, which supervises activities related to water supply, wastewater disposal and resource conservation. i. Sunflower oil production – Argus S.A. Within Argus S.A., the withdrawal, consumption and discharge of water are carried out in accordance with the Water Management Permit and the Environmental Permit. The company applies well-established internal processes, ensuring compliance with legal requirements and efficient management of water resources. In order to achieve the objective declared by the Quality and Environment Policy, to ensure a sustainable management of resources, to reduce the negative impact of processes, to reduce greenhouse gas emissions from the activity, upstream and downstream of the production process, in order to meet the requirements of environmental protection and reduce waste in all activities of the organization, one of the directions of action of Argus S.A. is represented by water management, a fundamental resource for its production processes. With this in mind, Argus S.A. expresses its long-standing commitment to functional resource management, sustainable management and efficient use of water and to raising awareness among the members of the organization in this regard, whether it approaches water treatment processes for direct use in production or in order to obtain the thermal energy necessary for its manufacturing processes or it identifies wastewater treatment technologies to improve the quality of the discharged effluents. To this end, it has set itself the following objectives in the processes carried out: • monitor globally the continuous improvements in the use, quality and water discharges of its site;

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 166 of 189 • identify, quantify and report water consumption in its operations and its purpose for systematically identifying points of inefficient use with a view to improvement; • constantly improve water recirculation, use, and treatment to achieve continuous improvements. • identify and mitigate risks related to water scarcity; • ensure that wastewater treatment effluents meet the provisions of the contracts; • conduct planned training sessions on water-related topics to raise awareness among its staff to educate employees on responsible water use practices. By promoting awareness and providing training, Argus S.A. aims to empower team members to make informed decisions about water management. • regularly evaluate suppliers and according to sustainability performance criteria, which also involves evaluations of water use and management. • prioritise the continuous improvement of energy efficiency measures to reduce the demand for water (cooling, steam production, etc.) throughout the production process. ii. Other production processes (Electromagnetica S.A.)  Distilled water procedure Electromagnetica S.A. reduces water consumption by filtering, deionization and reuse, replacing it only during maintenance, when a large part is recovered. In the Molding Section, CNC EDM machines (ONA AF 60 and Robofil 290) distilled and demineralized water is used as an essential dielectric, recirculated through a filtration and cooling system. Consumption varies depending on the process and temperature, reaching 60 liters/day per machine in summer. The ONA AF 60 requires 650 liters per cycle, and the Robofil 290, 300 liters. The process works optimally below 15 microSiemens conductivity, and above 50 microSiemens becomes impossible.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 167 of 189 3. [E3-2, E3-3] Objectives, actions and resources related to water management i. Investments – No material impacts, risks and opportunities have been identified Infinity Capital Investments S.A. Group does not currently have any other clearly established procedures and targets for 2024 or the following years in terms of water resources. However, the analysis and development of relevant policies and objectives remain in the focus of the Group for future initiatives. ii. Production of sunflower oil (Argus S.A.): Subtopic/ Sub- sub topic I/R/O Description Horizon Current/Potential Water sampling Impact- Although Argus S.A. has its own supply of water obtained from the borehole and has two retention basins with a total capacity of 600 cubic meters, the use of this resource can have a negative impact on the environment. The extraction of groundwater, even from areas without water stress, can lead to a decrease in groundwater levels, affecting local ecosystems and biodiversity. In the long term, this practice can negatively influence the quality and availability of water resources for neighboring communities. MT Potential Water consumption Impact- The production and processing of oilseeds, such as sunflowers, require significant amounts of water. ST Current Water consumption Risk Unavailability/increase in raw material prices in case of extended drought. Water discharge Risk Companies that do not comply with wastewater discharge regulations may be subject to fines and penalties from environmental authorities. In addition, in case of accidents, accidental pollution, the costs of cleaning and restoring the environment can be extremely high. Wastewater treatment systems require constant maintenance and monitoring. Failures or inefficiencies in these systems can lead to uncontrolled wastewater discharges. There are also reputational risks, consisting of customer losses and a decrease in brand value as a result of uncontrolled or insufficiently treated spills.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 168 of 189 Water discharge In April 2024, the commissioners of the National Environmental Guard – Constanta County Commissariat carried out an inspection at Argus S.A., following a notification submitted by RAJA SA The Environmental Guard found that Argus S.A. did not ensure adequate systems for surveillance, tracking, self-control of technological installations and processes, as well as preventive self-monitoring of polluting emissions. This situation was considered a violation of the legal obligations provided for in GEO No 195/2005 on environmental protection. In addition, the economic operator did not take the necessary measures to prevent the discharge of wastewater into the city sewerage network with quality parameters that exceed the maximum limits allowed according to Rule NTPA 002/2005 and mentioned in the Environmental Permit. Specifically, it was found that Argus S.A. discharged wastewater from the technological flow, with pollution indicators that exceeded the limits provided in Rule NTPA 002/2005 and in Annex 2 of Government Resolution 188/2002 on the conditions of wastewater discharges into the aquatic environment. Following these findings, the Environmental Guard imposed immediate remedial measures: • Taking all necessary measures to prevent the discharge of wastewater into the city sewerage network, if the quality parameters exceed the maximum limits allowed according to Rule NTPA 002/2005. This measure was imposed with a starting date starting with 24 April 2024, and the responsibility lies with the management of Argus S.A. • Sanitizing the area related to the sewer manhole, by emptying and preventing accidental wastewater leaks. The deadline set for the implementation of this measure is 30 April 2024, and the action must be maintained permanently. • Transmission to the National Environmental Guard – Constanta County Commissariat of the centralizer of the daily monitoring carried out through its own laboratory on the quality of wastewater at the exit of the microbiological treatment plant. This reporting must be carried out monthly, on the 10 th of each month, throughout 2024.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 169 of 189 iii. Other production processes (Electromagnetica S.A.): Subtopic/ Sub- sub topic I/R/O Description Horizon Current/ Potential Water consumption Impact- By September 2024, Electromagnetica owned 10 micro-hydropower plants in Suceava County, on the Suceava and Brodina rivers, with a total installed capacity of 5,467 MW. The intensive use of water for energy production in these micro-hydropower plants can lead to a significant increase in water consumption, thus reducing the availability of water resources for other uses in the local community and affecting the ecological balance of watercourses. ST Current Water discharge Impact- Domestic wastewater together with technological wastewater (from production) and rainwater are discharged into the city sewerage network. Production wastewater can contain chemicals or residues, and if it is not properly treated to meet the quality indicators, it can have an impact on the environment. ST Potential iv. Real estate and hotels: Subtopic/ Sub-sub topic I/R/O Description Horizon Current/ Potential Water consumption Impact- Most of the rented spaces are located in Bucharest where there is high water stress or risks related to water availability. Excessive water consumption in buildings (e.g. irrigation, sanitation) can aggravate water resource availability problems. This can lead to deterioration in the quality and quantity of groundwater and surface water, affecting local communities and ecosystems. An office complex or residential complex that consumes large amounts of water in an area with limited water resources can exacerbate the problem of local water stress, contributing to resource depletion and affecting both residents and the environment. ST Current At this moment, only Argus S.A and Electromagnetica S.A have implemented policies regarding water resources. Given that this is the first year in which risks regarding water resources have been identified, and the own consumption of each subsidiary in the Real Estate and Hotels sector is low, no water resources policies have been implemented.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 170 of 189 4. [E3-4] Water consumption The monitoring of water consumption is carried out at the level of each entity in each sector of activity of the Infinity Capital Investments S.A. Group. Indicator Sunflower oil production (Argus) Other productions (Electromagnetica) Real Estate & Hotels Water consumption (m³) 220.3 997 17,360 Water consumption in areas with high water stress (m³) N/A 997 9,363 Recycled and reused water (m³) - - - Stored water (m³) - - - Changes in water storage (m³) - - - Water consumption intensity report 0.00006% 0.00028% 0.00491% Water extractions (m³) 215,410 - - Water discharges (m³) 215,762 22,674 - [E3-2] - Actions and resources related to water and marine resources In August 2024, Argus S.A. implemented a measure to reduce water consumption by connecting the condensate circuit from the Extraction section to the condensate tank of the Debarking-Presses section, using a newly installed pipe. In order to optimize the transfer of the additional condensate generated, a pump of adequate capacity was installed, ensuring its transport to the Thermal Power Plant. Monitoring data confirm the positive impact of this improvement. In August, water consumption was 2.94 liters of water per liter of bottled oil, and after the condensate recovery system was put into operation in September, consumption decreased to 2.24 liters of water per liter of bottled oil, which

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 171 of 189 is a significant reduction. This optimization contributes to a more efficient management of water resources and to the reduction of environmental impact. According to the 2024 Environmental Management program, Electromagnetica S.A. aims to reduce water consumption by 2% by eliminating losses, by installing timer taps in toilets. The responsible person is the Head of the Administrative Service.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 172 of 189 4. ESRS E5 - Resource Use and the Circular Economy 1. [IRO-1] Description of the processes to identify and assess the use of material resources and the impacts, risks and opportunities related to the circular economy Infinity Capital Investments S.A. Group has carried out a detailed analysis to identify the impacts, risks and opportunities related to the use of resources and the circular economy within its operations and in the supply chain. The results of this assessment showed that the real estate, hotel and investment sectors, and Electromagnetica S.A. as well, do not generate a significant impact in this area and are therefore not considered material. Instead, Argus S.A. has an active role in the circular economy by implementing efficient resource management practices. Argus S.A. capitalizes on the by-products resulting from the sunflower oil production process. The husks are used for the production of biomass, and other derivatives, such as fatty acids, are integrated into various industries, from pharmaceuticals to paints. Sunflower bark is also used in the factory's thermal power plant and sold to pellet and asphalt producers, thus reducing waste and generating additional revenue. Through these practices, the Group aligns its activities with the principles of the circular economy, contributing to reducing the environmental impact and increasing the sustainability of its operations. 2. [IRO-1] Material impacts, risks and opportunities As a result of the double materiality assessment, the following impacts/risks came out: i. Manufacture of sunflower oil - Argus S.A. Subtopic/ Sub-sub topic I/R/O Description Horizon Current/ Potential Waste Impact- Plastic packaging: Argus S.A. uses plastic (PET) packaging, which has a significant impact on the environment if not properly managed. ST Current

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 173 of 189 Subtopic/ Sub-sub topic I/R/O Description Horizon Current/ Potential Waste Impact + The resulting groat is traded in Romania and exported, and other by-products such as fatty acids are sold in various industries, including the pharmaceutical and paint industries. Also, scraps and by-products from the oil manufacturing process (peels) are used to produce biomass or other by-products, thus reducing waste and generating new revenue streams. All waste products are integrated into the circular economy. Sunflower shell, for example, is used in the factory's thermal power plant and sold to pellet and asphalt producers. ST Current Waste Risk Increased regulations on waste management and resource efficiency may impose additional requirements. Failure to comply with regulations can lead to financial penalties and reputational damage. The perception of the public and customers regarding companies that do not practice responsible resource management can damage their reputation. ST 3. [E5-1] Policies related to resource use and the circular economy Infinity Capital Investments S.A. Group addresses resource efficiency and the circular economy through policies aimed at reducing environmental impact. In this context, Argus S.A. pursues responsible waste management, selective collection and achievement of recycling and recovery targets, aligning itself with the principles of the circular economy. Waste management policies According to the Environmental Policy of Argus S.A., the company ‘focuses on optimizing the use of natural resources, including water and energy, and implements measures to reduce consumption and promote the recycling of materials.’ (pg. 2). In this regard, Argus S.A. aims to prevent waste generation by selecting the best technologies from the design phase. According to Argus S.A.'s 2024 Waste Prevention and Reduction Program, ‘the first option is to prevent waste generation by choosing the best technologies right from the design phase. If waste avoidance is not possible, the amount generated shall be minimised through reuse, recycling and energy recovery.'; Argus S.A. is exploring the use of R-PET in the production of PET packaging, as part of the transition to reduce the use of virgin resources, although it has not yet set a concrete deadline for implementation.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 174 of 189 With the DIN SPEC 91436 ‘Zero Waste’ Certification, Argus S.A. has demonstrated that ≥ 90% of the total volume of waste is reduced, reused, recycled, composted or fermented, reaching the next level, Silver. In addition, the company holds the ISCC EU certification, which attests to the sustainable use of resources and the traceability of raw materials in accordance with international standards for biomass and bioenergy. The term Zero Waste refers to a circular economy that aims to avoid/reduce the generation of waste that needs to be disposed of, and this is where the major difference between 2023 and 2024 lies – the focus was on everything that means prevention, generation, reuse for technological waste, and for the household waste part we had trainings, discussions with all employees for accountability, awareness. The concept includes measures to avoid waste generation as well as improved separation and recycling. If recyclable materials are collected separately in the company and properly recycled/reused, the proportion of waste for disposal will be reduced to Zero. The ZERO Waste certification was obtained following the certification audit in 2023 (Bronze Level) and in 2024 we had a surveillance audit, and as a result of the measures/actions, the Silver Level was obtained and will be valid as long as the annual supervision/recertification is requested. The objectives of the audit were: • Determination of the compliance of the management system with the audit criteria – all internal procedures have been verified; • Assessment of the management system's ability to ensure compliance with applicable legal, regulatory and contractual requirements; • Evaluation of the effectiveness of the management system to ensure that the organization is continuously meeting the specified objectives.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 175 of 189 The feedback following the audit was that the company applies the steps in the logical sequence: takes stock of materials and waste from all processes, sets targets in line with the Zero Waste vision, conducts risk analyses on potential factors that could hinder the achievement of the targets, but also on opportunities to achieve and even exceed them and, Finally, it establishes an action plan, which is kept under control by the management team. Top management is involved in raising employees' awareness of all principles of sustainable development, of which the Zero Waste strategic concept is a part. The Zero Waste management team acts efficiently, with maximum involvement in the day-to-day activity and in identifying opportunities to improve the Zero Waste perspective at Argus S.A. The company has evolved since the certification audit, with the data from the mass and waste record showing that the conditions for the Silver level are met, compared to the previous audit, when only the conditions for the Bronze level were met.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 176 of 189 4. [E5-2] Actions and resources related to waste management Argus S.A. implements concrete actions to optimize the use of resources and reduce the impact on the environment: • ‘Zero Waste’ certification o Argus S.A. ensures sustainable waste management in the production of sunflower oil (crude, refined, bulk and bottled). Following the certification audit, the company has demonstrated compliance with the "Zero Waste" principle, preventing, reusing, recycling or composting more than 90% of the waste generated, according to the Zero Waste Balance. o For these performances, Argus S.A. has obtained the DIN SPEC 91436 "Zero Waste" certification – Silver level, valid between July 8, 2024 and July 30, 2026. • Collaboration with partners in the value chain: Argus S.A. actively works with suppliers and partners in the industry to maximize the reuse and valorization of materials, promoting circular solutions in the production process. • Selection of sustainable technologies: The company integrates efficient technologies that prevent the generation of waste from the design phase and, where this is not possible, implements solutions for reuse, recycling and energy recovery. • Responsible waste management: Argus S.A. has transferred the responsibility for the management of packaging waste to an OIREP, ensuring that it is collected and recovered according to legal requirements. • Recovery of production waste: o Sunflower husks used as biofuel in the thermal power plant and used by specialized economic agents. In 2024, 13,909.02 tons of seed husk waste were generated, of which 13,774.02 tons were recovered. o Foreign bodies resulting from the production process directed to partners for reuse. o Mucilage used partly in agricultural extraction, and the rest transformed into meal. o Used kieselgur and bleaching soil managed by authorized economic agents, to ensure recovery according to environmental standards.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 177 of 189 5. [E5-3] Resource use and circular economy targets Argus S.A. sets objectives aligned with the principles of the circular economy, complying with the legislative requirements applicable to producers and the European directives on resource and waste management. These objectives aim at both streamlining the use of raw materials and reducing the waste generated. In accordance with the Environmental Policy, ARGUS S.A. has set itself the goal of reducing waste by implementing effective strategies for the prevention, reuse and recycling of waste generated in the production and packaging process. The company aims to continuously improve its waste management processes, ensuring that they comply with the legislative requirements in force and thus contributing to the reduction of environmental impact. For Argus S.A., the main objectives include the analysis of the possibility of reducing the use of virgin raw materials and increasing the share of recycled materials in production, given the new European requirements on the minimum content of recycled material in plastic packaging. In 2023, Argus S.A. has obtained the ‘Zero Waste’ Certificate, based on which it has set the following objectives: Thus, the company is considering integrating R-PET (recycled polyethylene terephthalate) into the production process, thus reducing dependence on virgin resources and diminishing the impact on the environment. This initiative is in line with the obligations set out in the amendments to Regulation (EU) 2019/1020 and Directive (EU) 2019/904 on packaging and packaging waste.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 178 of 189 6. [E5-5] Waste At Argus S.A., the largest amount of waste comes from industrial processes. Sunflower husks represent a significant flux, totaling approximately 10,183 tons annually. They are either used as biofuel for the company's thermal power plant or handed over to specialized operators for recovery. The mucilage resulting from the refining process, in the amount of approximately 665.43 tons annually, is partially used in agriculture, the rest being eliminated. The used Kieselgur and the bleaching earth, which accumulate 6632.40 tons, are handed over to specialized operators for recovery. Other waste streams include fatty acids. In addition, the company manages various types of solid and liquid waste. These include mixed household waste, ferrous and non-ferrous metals, paper and cardboard, non-chlorinated mineral oils and sulphuric acid. They are collected and either recovered or disposed of according to the rules in force. The attached table presents the values of the waste generated in 2024: Indicator ARGUS Group (tonnes) Waste generated 16,222.92 Hazardous waste redirected from disposal ____ Hazardous waste redirected from disposal by preparation for reuse ____ Hazardous waste redirected from disposal through recycling ____ Hazardous waste redirected from disposal by other recovery operations ____ Non-hazardous waste redirected from disposal 16,189.59 Non-hazardous waste redirected from disposal by preparation for reuse ____ Non-hazardous waste redirected from disposal through recycling 33.74 Non-hazardous waste redirected from disposal by other recovery operations 16,156.25 Hazardous waste disposed of 0.05 Hazardous waste disposed of by incineration ____

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 179 of 189 Hazardous waste disposed of by landfill ____ Hazardous waste disposed of by other disposal operations ____ Non-hazardous waste disposed of 33.32 Non-hazardous waste disposed of by incineration ____ Non-hazardous waste disposed of by landfill 33.32 Non-hazardous waste disposed of by other disposal operations ____ Non-recycled waste ____ Percentage of non-recycled waste 0.20% II. ESRS G1: Governance 1. [GOV-1] – Role of administrative, management and supervisory bodies The governance of Infinity Capital Investments S.A. Group is ensured through the administrative, management and supervisory structures, which have responsibilities that include compliance with and application of the code of conduct (ethics). [more details are provided in ESRS 2, section 2.1.4.] 2. [IRO-1] Description of the processes for identifying and assessing material impacts, risks and opportunities related to governance Infinity Capital Investments S.A. (‘Infinity’ or the ‘Group’) is a major player on the Romanian financial market, authorized by the Financial Supervisory Authority (F.S.A.) as an Alternative Investment Fund Manager (A.I.F.M.) and as an Alternative Investment Fund for Retail Investors (F.I.A.I.R.). Infinity Capital Investments S.A. Group operates in the field of financial intermediation, specializing in portfolio management, risk management and the provision of a wide range of financial services, under the NACE code 6499 - Other financial intermediation activities. Currently, Infinity Capital Investments S.A. is the parent company of a group consisting of 13 subsidiaries, which are fully consolidated in its financial reports. The Group operates in four distinct business sectors: sunflower oil production (Argus S.A.), other productions (Electromagnetica S.A.), real estate and hotels, as well as investments.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 180 of 189 In the materiality assessment carried out, Infinity Capital Investments S.A. identified and assessed the impacts, risks and opportunities related to governance within its own activities and value chain. The process included locating critical areas in the management structure and subsidiaries, assessing dependencies and their impacts, as well as identifying strategic risks and opportunities. These assessments are integrated into management decision-making processes, ensuring that corporate governance is aligned with the group's compliance requirements and objectives. Sector of activity Subtopic/ Sub-sub topic I/R/O Description Annual goals Done (Yes/No) Actions in 2024 Infinity Organizational culture Impact + By integrating social responsibility and corporate governance into internal regulations, the company benefits from a positive impact in several key areas – from increasing transparency and reputation, to improving employee motivation and financial performance. Improving transparency and corporate governance mechanisms YES Infinity Capital Investments S.A. has made every effort to ensure fair treatment to all its shareholders, providing them with relevant and up-to-date information that will enable them to exercise their rights in a fair manner. The company has also paid increased attention to strengthening the corporate governance mechanisms at the company level. Shareholders' and investors' trust are closely linked to both the company's financial performance, but also to transparent communication, so that access to information is the same for all those

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 181 of 189 interested. The relevant information is published on the BVB website and on its own website, both in Romanian and in English. Argus S.A. Managing supplier relationships, including payment practices Impact + Contractual clauses are established, the payment term applies to all suppliers for the same category of services/goods. No annual targets have been set. N/A N/A ELMA Corruption and bribery/ Prevention and detection, including training Impact + In order to be consistent with the stated values, Electromagnetica has followed the effective application of the Code of Ethics, developed in 2021 and which is the basis of the activity of its employees. No annual targets have been set. N/A N/A Real Estate & Hotels Corruption and bribery/ Prevention and detection, including training Impact + The adoption and implementation of policies to prevent money laundering and terrorist financing contribute to strengthening business integrity and strengthening the company's reputation in the market. The appointment of an officer responsible for monitoring these matters ensures compliance with regulations and transparency of financial operations. In addition, the policy imposed on subsidiaries not to carry out transactions in cash greater than Lei 10,000 represents an additional measure to prevent financial risks, giving confidence to customers and business partners in the company's commitment to fair and legal practices. No annual targets have been set. N/A N/A

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 182 of 189 3. [G1-1] –Business conduct and corporate culture policies Infinity Capital Investments S.A. Group promotes a corporate culture based on compliance with the law, business ethics and prevention of conflicts of interest, having clear implementation and control mechanisms. All entities in the Group, except those in the lease/sub-lease and hotels sector, have implemented policies regarding corporate culture as follows: i. Infinity Capital Investments S.A.: Infinity Capital Investments S.A. has implemented a corporate governance regulation that presents, in a synthetic form, the corporate governance structures, decision-making rules and procedures, governance standards that ensure the application of the general principles of administration and control of the activity of Infinity Capital Investments S.A., for the benefit of shareholders. Infinity Capital Investments S.A., as an issuer listed in the Premium category of Bucharest Stock Exchange (BVB), is permanently concerned with complying with the corporate governance principles of the BVB Corporate Governance Code and Regulation no. 2/2016 on the application of the principles of corporate governance by the entities authorized, regulated and supervised by FSA. Since 2010, the company has voluntarily adhered to the BVB Corporate Governance Code (CGC) and has ensured the implementation of corporate governance principles. In the company's annual reports, the degree of compliance with the CGC principles was periodically presented through the ‘Apply or Explain’ Statement. Starting January 2016, the company applies the provisions of the new BVB Corporate Governance Code (launched in September 2015). Also, subsidiaries listed on the Bucharest Stock Exchange largely comply with the requirements provided by the Governance Code of the Bucharest Stock Exchange, more details can be found in the annual reports of the subsidiaries of the Infinity group that are listed on the Bucharest Stock Exchange, on the page dedicated to each issuer. ii. Argus S.A. According to the Argus Code of Ethics, ‘our ultimate goal is 100% compliance with the law, at all times’ (p. 8), and any potential conflict of interest must be reported to management, which can take appropriate measures to eliminate it (p. 9).

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 183 of 189 The management bodies establish the directions for maintaining a climate of integrity and compliance, and the violation of ethics policies can attract disciplinary sanctions, including the termination of the employment contract and legal action (Argus Code of Ethics, p. 25). Both companies prohibit retaliation against employees who report misconduct (Argus Code of Ethics, p. 25). iii. Electromagnetica S.A. The Code of Ethics of Electromagnetica S.A. promotes responsible conduct in business, based on integrity and compliance with ethical norms. ‘Employees must adopt ethical behavior and avoid any action that could compromise the integrity of the company" (p. 4). ‘Practices that may constitute corruption or bribery’ are prohibited, and employees cannot accept ‘financial advantages from business partners’ (p. 10). ‘Decisions are taken in accordance with the principles of legality and fairness, and any deviation from ethical rules is subject to appropriate analysis and sanctions’. Compliance with ethical rules is verified by the Ethics and Compliance Commission, and violations are analyzed by the Disciplinary Commission, which may order sanctions according to internal regulations. "Any proven case of corruption or an act that meets the criteria of corruption described in Chapter II – Definitions will be investigated and sanctioned on an administrative or criminal basis, as the case may be’ (p. 18). 4. Group policies For fraud prevention, the Group implements specific measures, such as the designation of a team responsible for safety and process integrity, according to PSA-07 Fraud Prevention. These policies are integrated at group level, reinforcing a transparent and accountable business environment. Corporate social responsibility is one of the most important factors in establishing the company's public image and reputation, in strengthening performance and ensuring long-term sustainable development. Examples of corporate social responsibility adopted by Infinity Capital Investments S.A.: • continuous communication with shareholders, investors and local communities; • improving employees' working conditions and policies; • sponsorships in support of social events in support of fundamental human freedoms; • supporting volunteering activities; • corporate decisions that protect the environment; • socially and environmentally conscious investments.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 184 of 189 5. [G1-2] Supplier relationship management Infinity Capital Investments S.A. Group pursues a transparent and responsible procurement process, integrating ethical principles and social and environmental compliance criteria in the selection of suppliers. Trade relationships are managed in such a way as to minimise supply chain risks and ensure compliance with sustainability standards. According to the Argus Code of Ethics, ‘ARGUS S.A. employees are prohibited from requesting or accepting gifts, money, loans, gifts or other advantages from the persons or companies with which they officially collaborate’ (p. 10). This policy prevents any form of favoritism and promotes fair behavior in the relationship with suppliers. In addition, PSA-07 Fraud Prevention states that ‘the team for assessing the vulnerability of food fraud is the Food Safety Team (FST), which is appointed by decision by the General Manager’ (p. 6). This team includes representatives from procurement, logistics and technical management, with the role of identifying and mitigating fraud risks in the supply chain. The standard payment term according to the contract for suppliers of raw materials – sunflower seeds is 5 working days from receipt of the invoice and represents approximately 65% of the annual invoices in value. Utilities that represent 5% of the total value are paid within 30 days. Auxiliary materials – preforms (5% of the total value), the payment term is between 60 and 90 days from the receipt of the invoice. Other auxiliary materials (2% of the total value): between 30 and 45 days. Transport services (groat, raw material, oil): 15-30 days from receipt of the invoice. The rest of the invoices are paid within 15-30 days from the receipt of the invoice. Electromagnetica S.A. manages relations with suppliers through a rigorous process of evaluation, selection and monitoring, based on technical, commercial and quality criteria. ‘Suppliers are selected on the basis of compliance with legal and regulatory requirements, and their performance is constantly monitored’ (PG-17, chapter 6.1.1). Payment terms and commercial conditions are analyzed during the supplier selection process, being a determining factor in their inclusion in the List of Accepted Suppliers (PG-17, chapter 6.1.1). Supplier monitoring includes the assessment of compliance with delivery deadlines, product compliance and sustainability impact (PG-17, chapter 6.4.2). ‘The suppliers in the trial period are monitored for six months, and at the end of this period, if the performance is satisfactory, are included in the List of Accepted Suppliers; otherwise, the collaboration is terminated’ (PG-17, chapter 6.1.2). The Procurement Service is responsible for placing orders and monitoring their progress, ensuring ‘compliance with contractual quantities and terms’ (PG-17, chapter 6.3.4).

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 185 of 189 For existing suppliers, the re-evaluation is done annually, and their maintenance in the List of Accepted Suppliers is conditional on the fulfillment of performance standards. ‘Suppliers who register non-conformities are downgraded and can be excluded in case of repeated violations’ (PG-17, chap. 6.6). Currently, Infinity Capital Investments S.A. and the companies in the Real Estate & Hotels value chain do not have a dedicated supplier policy. Infinity Capital Investments S.A. Group complies with its financial commitments to suppliers, including SMEs, avoiding payment delays that could affect their stability. 6. [G1-3] Prevention and detection of corruption or bribery Infinity Capital Investments S.A. Group implements clear policies for the prevention, detection and management of incidents related to corruption and bribery, ensuring that they are integrated into its organizational culture. The activities at the level of the Group companies were carried out in 2024 in full compliance with the relevant legal regulations, paying close attention to and firmly supporting anti-corruption initiatives and the prevention of bribery, maintaining our commitment to ethical practices and integrity in all our operations. According to the Argus Code of Ethics, ‘ARGUS S.A. employees are prohibited from requesting or accepting gifts, money, loans, gifts or other advantages from the persons or companies with which they officially collaborate’ (p. 10). This measure is intended to prevent unethical influences in the relationship with suppliers and business partners. The corruption prevention and detection system includes internal procedures for reporting and investigating incidents. The violation of ethical norms can lead to disciplinary sanctions, up to the termination of the employment contract and possible legal action (Argus Code of Ethics, p. 25). The code of ethics also strongly prohibits retaliation against employees who report such situations, guaranteeing their protection (Argus Code of Ethics, p. 25). According to the Argus Code of Ethics, investigations into corruption incidents and violations of ethical norms are carried out by the Argus Legal Department, which ensures the correct interpretation and application of anti-corruption and compliance policies. ‘Any questions or doubts regarding the validity of a proposed course of action will be discussed with the Argus Legal Department before taking that action’ (p. 20). The Legal Department is also responsible for managing reports and investigations related to violations of corruption policies: ‘Any suspicions of violations of the Corruption Practices Law or other anti-corruption laws must be promptly reported to the Argus Legal Department’ (p. 20).

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 186 of 189 Investigations are carried out independently of the management chain involved, and the necessary measures are taken at management level to ensure compliance with applicable legislation. Electromagnetica S.A. strongly prohibits any corruption and bribery practices, stipulating that ‘all employees, whether in an executive or management position, must be aware that it is strictly forbidden to offer, promise or pay sums of money or other benefits in order to generate an unfair advantage in business or on a personal level’ (Electromagnetica Code of Ethics, p. 17). No employee is allowed to accept ‘sums of money or benefits in the performance of their duties or by creating the impression that they have influence to offer various unfair advantages in business’ (p. 17). Any violation of the anti-corruption policy is analyzed and sanctioned by the Disciplinary Commission, and ‘any proven case of corruption or deed that meets the corruption criteria described in Chapter II - Definitions will be investigated and sanctioned on an administrative or criminal basis, as the case may be’ (p. 18). Employees are obliged to report any suspicious situation to their superiors in writing as soon as possible (p. 18). The implementation and compliance with the Code of Ethics are monitored through periodic trainings, and ‘The Code of Ethics is communicated to all employees by dissemination across each department of the company’ and is processed during professional training sessions (p. 25). The Group communicates its anti-corruption/anti-money laundering policies to all relevant employees and partners, ensuring that they understand the rules and consequences of breaching them. Crt. No. Company Communication channel (e-mail) 1. Infinity Capital Investments S.A. public@infinitycapital.ro 2. Argus S.A. actionari@argus-oil.ro 3. Electromagnetica S.A. juridic@electromagnetica.ro 4. Complex Hotelier Dâmbovița SA office@hoteldambovita.ro 5. Gravity Capital Investments SA office@gravityholding.ro 6. Voltalim S.A. office@voltalim.ro 7. Mercur S.A. office@mercurcraiova.ro 8. Lactate Natura SA office@lactatenatura.ro 9. Flaros SA flaros@flaros.com 10. Gemina Tour SA contabilitate@geminatour.ro 11. Alimentara S.A. office@alimentara-slatina.ro 12. Construcţii Feroviare Craiova SA office@constructiiferoviare-craiova.ro 13. Provitas S.A. office@provitas.ro

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 187 of 189 14. Turism SA Pucioasa receptie@turistpucioasa.ro 15. Aliment Murfatlar SRL office@alimentmurfatlar.ro Also, at the group level, Infinity Capital Investments S.A. has instituted the policy whereby, by decision of the management structure of the subsidiaries, it is forbidden to carry out cash transactions whose minimum limit represents the Lei equivalent of Eur 10,000, regardless of whether the transaction is executed through a single operation or through several operations that are related to each other. Thus, each subsidiary of Infinity Capital Investments S.A. Group has developed a Policy on the prevention and combating of money laundering and persons responsible for monitoring compliance with the procedure and legislation in force have been appointed.

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 188 of 189 Annex 1.1: Requirement to submit information covered by the sustainability statement The table below presents the disclosure requirements in ESRS 2 and the topics relevant to Infinity Capital Investments S.A. Group and indicates where information regarding each specific requirement can be found. List of Material Disclosure Requirements Page no. BP-1 General basis for preparation of the sustainability statements 4 BP-2 Disclosures in relation to specific circumstances 6 ESRS S1 Minimum disclosure requirements 17 ESRS S2 Minimum disclosure requirements 27 ESRS S4 Minimum disclosure requirements 29 GOV-1 Role of the administrative, management and supervisory bodies 37 GOV-2 Information provided to and sustainability matters addressed by the undertaking’s administrative, management and supervisory bodies 46 GOV-3 Integration of sustainability-related performance in incentive schemes 47 GOV-4 Statement on sustainability due diligence 48 GOV-5 Risk management and internal control over sustainability reporting 50 SBM-1 Market position, strategy, business model(s) and value chain 55 SBM-2 Interests and views of stakeholders 73 SBM-3 Material impacts, risks and opportunities and their interaction with strategy and business model(s) 79 ESRS E1 Climate change 126 E1 GOV-3 Integration of sustainability-related performance in incentive schemes 126 E1-1 Transition plan 126 E1 IRO-1 Description of the processes to identify and assess material impacts, risks and opportunities related to climate 127 E1-2 Policies related to climate change mitigation and adaptation 127 E1-1; E1-3; E1-4 Targets, actions and transition plan for climate change mitigation, actions and targets 128 E1-5 Energy consumption and mix 133 E1-6 Gross Scopes 1, 2, 3 and Total GHG emissions 134 ESRS E2 Pollution 137

ALTERNATIVE INVESTMENT FUND FOR RETAIL INVESTORS (F.I.A.I.R.) FSA Register Number: PJRO09FIAIR/160001/08.06.2021 Page 189 of 189 List of Material Disclosure Requirements Page no. E2 IRO-1 Description of the processes to identify and assess the impacts, risks and opportunities related to material pollution 137 E2-1 Policies related to pollution 144 E2-2 Actions and resources related to pollution 147 E2-3 Targets related to pollution 148 E2-4 Pollution of air, water and soil 149 E2-5 Substances of concern and substances of very high concern 156 E3 Water and marine resources 159 E3 IRO-1 Description of the processes to identify and assess material impacts, risks and opportunities related to water and marine resources 159 E3-1 Policies related to water resources 165 E3-2, E3-3 Targets, actions and resources related to water management 167 E3-2 Actions and resources related to water and marine resources 170 E3-4 Water consumption 170 ESRS E5 Resource use and circular economy 172 E5-1 IRO-1 Description of the processes to identify and assess the use of material resources and the impacts, risks and opportunities related to the circular economy 172 E5-1 Policies related to resource use and circular economy 173 E5-2 Actions and resources related to waste management 176 E5-3 Targets related to resource use and circular economy 177 E5-5 Waste 178 ESRS G1 Governance 179 G1 GOV-1 Role of administrative, management and supervisory bodies 179 G1 IRO-1 Description of the processes to identify and assess material impacts, risks and opportunities 179 G1-1 Business conduct and corporate culture policies 182 G1-2 Supplier relationship management 184 G1-3 Prevention and detection of corruption or bribery 185

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2024 prepared in accordance with Norm No. 39/2015 for the approval of the Accounting Regulations in accordance with International Financial Reporting Standards, applicable to entities authorized, regulated and supervised by the Financial Supervisory Authority in the Financial Instruments and Investments Sector, as well as the Investor Compensation Fund

Page 2 of 109 TABLE OF CONTENTS CONSOLIDATED FINANCIAL STATEMENTS Page CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 3 - 4 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 5 - 6 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 7 - 9 CONSOLIDATED STATEMENTS OF CASH FLOWS 10 - 11 EXPLANATORY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 12 - 109

The accompanying notes are an integral part of the consolidated financial statements. Page 3 of 109 Consolidated statement of profit or loss and other comprehensive income In Lei Note 31 December 2024 31 December 2023 Income Gross dividend income 7 158,759,779 95,539,933 Interest income 8 11,924,602 5,442,797 Income from contracts with customers 9 353,903,200 307,999,975 Other operating income 10 64,255,596 3,374,308 Gain from acquiring subsidiaries on favourable terms 11 - 154,850,032 Net gain on reassessment of financial assets at fair value through profit or loss 710,577 1,159,994 Expenses Losses from impairment of non-financial assets (4,626,900) - Resumption of provisions for risks and expenses 216,541 - Reversal of losses from the depreciation of financial assets 3,117,705 5,898,689 Impairment and depreciation expenses (22,278,222) (12,322,023) Expenses on salaries, allowances and similar charges 12 (73,210,671) (58,108,953) Expenses on raw materials, materials and goods 13 (242,138,313) (280,955,222) Other operational expenses 14 (114,058,433) (53,215,931) Interest expenses (3,025,429) (6,052,293) Profit before tax 133,550,032 163,611,306 Corporate income tax 15 (19,835,192) (8,099,347) Net profit for the financial year 113,714,840 155,511,959 Increase in revaluation reserve for property, plant and equipment, net of deferred tax 57,915,113 - Net gain on revaluation of equity instruments at fair value through other comprehensive income, net of deferred tax 549,602,982 601,750,074 Other comprehensive income - items that will not be reclassified to profit or loss 607,518,095 601,750,074 Total other comprehensive income 607,518,095 601,750,074 Total comprehensive income for the financial year 721,232,935 757,262,033 Net related profit Shareholders of the parent company 118,663,092 159,549,390 Non-controlling interests (4,948,252) (4,037,431) Total net profit for the financial year 113,714,840 155,511,959

The accompanying notes are an integral part of the consolidated financial statements. Page 4 of 109 In Lei Note 31 December 2024 31 December 2023 Basic and diluted earnings per share (net earnings per share) 31 0.2528 0.3359 Basic and diluted earnings per share (including realized gain on sale of financial assets measured at fair value through other comprehensive income) 31 0.8558 0.3729 Total comprehensive income for the financial year 721,232,935 757,262,033 Shareholders of the parent company 726,825,494 760,520,168 Non-controlling interests (5,592,559) (3,258,135) The consolidated financial statements have been approved by the Board of Directors at its meeting on 28 March 2025 and have been signed on its behalf by: Sorin – Iulian Cioacă Mihai Trifu Maria Alexandra Gârzu President-General Manager Vice-President-Deputy General Manager Chief accountant

The accompanying notes are an integral part of the consolidated financial statements. Page 5 of 109 Consolidated statement of financial position In Lei Note 31 December 2024 31 December 2023 Assets Cash and cash equivalents 16 460,076,652 139,020,419 Deposits in banks 10,064,955 6,942,722 Financial assets at fair value through profit or loss 17 7,331,746 6,621,169 Financial assets at fair value through other comprehensive income 17 2,765,323,707 2,429,667,571 Other financial assets at amortised cost 18 71,946,420 63,090,745 Inventory 19 64,986,660 93,202,257 Real estate investments 20 340,772,239 371,130,831 Property, plant and equipment 21 453,035,759 461,925,441 Other assets 6,399,442 7,440,927 Current income tax claims 1,228,193 895,819 Assets classified as held for sale 22 14,585,385 - Total assets 4,195,751,158 3,579,937,901 Liabilities Loans 23 60,798,798 81,135,482 Dividends payable 24 50,737,191 51,080,777 Financial liabilities at amortised cost 25 29,182,343 31,976,914 Other liabilities 26 14,445,870 27,226,626 Provisions for risks and charges 27 3,096,531 3,765,054 Deferred income tax liabilities 28 274,290,843 210,881,494 Liabilities directly associated with assets classified as held for sale 22 639,648 - Total liabilities 433,191,224 406,066,347 Equity Share capital 29 47,500,000 50,000,000 Legal and statutory reserves 29 39,649,807 40,233,147 Retained earnings 1,249,238,092 894,786,724 Reserves from revaluation of tangible assets, net of deferred tax 234,008,782 202,831,910 Reserves from revaluation of financial assets at fair value through other comprehensive income, net of deferred tax 17 1,220,024,498 953,527,939 Benefits granted in equity instruments to employees 29 3,065,370 - Other reserves 29 917,772,127 925,730,600 Own shares 29 (117,770,835) (63,372,773) Total equity attributable to equity holders of the parent 3,593,487,841 3,003,737,547

The accompanying notes are an integral part of the consolidated financial statements. Page 6 of 109 In Lei Note 31 December 2024 31 December 2023 company Non-controlling interests 30 169,072,093 170,134,007 Total equity 3,762,559,934 3,173,871,554 Total liabilities and equity 4,195,751,158 3,579,937,901 The consolidated financial statements have been approved by the Board of Directors at its meeting on 28 March 2025 and have been signed on its behalf by: Sorin – Iulian Cioacă Mihai Trifu Maria Alexandra Gârzu President-General Manager Vice-President-Deputy General Manager Chief accountant

The accompanying notes are an integral part of the consolidated financial statements. Page 7 of 109 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY In lei Share capital Reserves from revaluating property, plant and equipment Reserves from revaluation of financial assets at fair value through other comprehensive income, net of deferred tax Result reported Legal and statutory reserves Benefits granted in equity instruments to employees Other Reserves Own shares* Total attributable to shareholders of the Parent Company Interests not controlling TOTAL Balance at 31 December 2023 50,000,000 202,831,910 953,527,939 894,786,724 40,233,147 - 925,730,600 (63,372,773) 3,003,737,547 170,134,007 3,173,871,554 Comprehensive income for the financial year Net profit for the financial year ended on 31 December 2024 - - - 118,663,092 - - - - 118,663,092 (4,948,252) 113,714,840 Other comprehensive income, net of tax Transfer of reassessment reserve to retained earnings as a result of derecognition of property, plant and equipment - (26,738,240) - 26,738,240 - - - - - - - Revaluation of property, plant and equipment - 57,915,113 - - - - - - 57,915,113 - 57,915,113 Fair value revaluation of equity instruments measured at fair value through other comprehensive income, net of deferred tax - - 550,247,289 - - - - - 550,247,289 (644,307) 549,602,982 (Gain)/Loss related to the transfer to retained earnings as a result of the sale of equity instruments measured at fair value through other comprehensive income - - (283,106,422) 283,106,422 - - - - - - - Total other comprehensive income - 31,176,873 267,140,867 309,844,662 - - - - 608,162,402 (644,307) 607,518,095 Total comprehensive income for the financial year - 31,176,873 267,140,867 428,507,754 - - - - 726,825,494 (5,592,559) 721,232,935 Own shares bought back - - - - - - - (117,770,835) (117,770,835) - (117,770,835) Cancellation of own shares (2,500,000) - - 7,535 - - (60,880,308) 63,372,773 - - - Variation in benefits granted in equity instruments to employees - - - - - 3,065,370 - - 3,065,370 - 3,065,370 Transfer to other reserves - - - (92,280,005) - - 92,280,005 - - - - Gain on sale of subsidiaries - - - 49,836,015 - - - - 49,836,015 - 49,836,015 Sale of subsidiaries with minority interest - - - (37,038,625) (412,696) - (7,532,308) - (44,983,629) 14,023,570 (30,960,059) Changes due to changes in the percentage of ownership - - (644,308) 5,418,694 (351,147) - (247,606) - 4,175,633 (9,492,925) (5,317,292) Other changes - - - - 180,503 - (31,578,256) - (31,397,754) - (31,397,754) Balance at 31 December 2024 47,500,000 234,008,782 1,220,024,498 1,249,238,092 39,649,807 3,065,370 917,772,127 (117,770,835) 3,593,487,841 169,072,093 3,762,559,934 *For its own shares, Infinity Capital Investments S.A. will submit the necessary documentation to the Financial Supervisory Authority within the legal deadline for the capital reduction operation, with the procedures ongoing as of the 2024 financial statements date. The consolidated financial statements have been approved by the Board of Directors at its meeting on 28 March 2025 and have been signed on its behalf by: Sorin – Iulian Cioacă Mihai Trifu Maria Alexandra Gârzu President-General Manager Vice-President-Deputy General Manager Chief accountant

The accompanying notes are an integral part of the consolidated financial statements. Page 8 of 109 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY In lei Share capital Reserves from revaluating property, plant and equipment Reserves from revaluation of financial assets at fair value through other comprehensive income, net of deferred tax Result reported Legal and statutory reserves Other Reserves Own shares* Total attributable to shareholders of the Parent Company Interests not controlling TOTAL Balance at 31 December 2022 50,000,000 125,720,104 369,357,208 1,024,459,557 30,937,825 693,070,737 (63,364,962) 2,230,180,469 74,885,218 2,305,065,687 Comprehensive income for the financial year Net profit for the financial year ended on 31 December 2023 - - - 159,549,390 - - - 159,549,390 (4,037,431) 155,511,959 Other comprehensive income, net of tax Transfer of reassessment reserve to retained earnings as a result of derecognition of property, plant and equipment - 2,417,119 - (2,417,119) - - - - - - Fair value revaluation of equity instruments measured at fair value through other comprehensive income, net of deferred tax - - 600,970,778 - - - - 600,970,778 779,296 601,750,074 (Gain)/Loss related to the transfer to retained earnings as a result of the sale of equity instruments measured at fair value through other comprehensive income - - (16,800,047) 16,800,047 - - - - - - Total other comprehensive income - 2,417,119 584,170,731 14,382,928 - - - 600,970,778 779,296 601,750,074 Total comprehensive income for the financial year - 2,417,119 584,170,731 173,932,318 - - - 760,520,168 (3,258,135) 757,262,033 Transfer to other reserves - - - (182,364,144) 1,072,222 181,291,922 - - - - Acquisition of subsidiaries with non-controlling interests - 81,076,506 - 46,506,305 8,223,100 53,257,608 - 189,063,519 123,160,722 312,224,241 Changes due to changes in the percentage of ownership - (6,381,819) - (167,747,312) - (1,897,478) - (176,026,609) (24,653,798) (200,680,407) Other changes - - - - - 7,811 (7,811) - - - Balance at 31 December 2023 50,000,000 202,831,910 953,527,939 894,786,724 40,233,147 925,730,600 (63,372,773) 3,003,737,547 170,134,007 3,173,871,554 * For its own shares, Infinity Capital Investments S.A. has submitted the necessary documentation to the Financial Supervisory Authority for the capital reduction operation, with the procedures ongoing as of the 2023 financial statements date. The consolidated financial statements have been approved by the Board of Directors at its meeting on 28 March 2025 and have been signed on its behalf by: Sorin – Iulian Cioacă Mihai Trifu Maria Alexandra Gârzu President-General Manager Vice-President-Deputy General Manager Chief accountant

Page 9 of 109 CONSOLIDATED STATEMENTS OF CASH FLOWS Item name 31 December 2024 31 December 2023 Operating activities Net profit for the financial year 113,714,840 155,511,959 Adjustments for: Reversal of losses from the depreciation of financial assets (3,117,705) (5,898,689) Impairment expenses of non-financial assets 4,626,900 - Expenses with depreciation and amortization of tangible and intangible assets 22,278,222 16,036,702 Net gain on sale of property, plant and equipment (793,937) (402,559) Gain on financial assets at fair value through profit or loss (710,577) (1,159,994) Dividend income (158,759,779) (95,539,933) Interest income (11,924,602) (5,442,797) Interest expenses 3,025,429 6,052,293 Accruals related to employee benefits 3,065,370 - (Reversals)/Provisions for risks and charges (216,541) 656,865 Corporate tax 19,835,192 8,099,347 Gain from acquiring subsidiaries on favourable terms - (154,850,032) Gain on sale of subsidiaries (12,984,284) - Other adjustments (4,607,952) 3,451,920 Changes in operating assets and liabilities Accruals from deposits over 3 months (3,122,233) (6,415,289) Cash and cash equivalents classified as assets held for sale (2,126,760) - Payments for acquisitions of financial assets at fair value through profit or loss - (986,100) Payments for acquisitions of financial assets at fair value through other comprehensive income (74,040,879) (34,822,996) Proceeds from sales of financial assets at fair value through other comprehensive income 335,315,769 109,300,723 Changes in other financial assets at amortised cost 3,674,322 (51,950,686) Changes in stocks 27,593,981 75,564,391 Changes in other assets 593,018 (6,215,643) Changes in other financial liabilities at amortised cost (1,926,677) 20,306,539 Changes in other liabilities (11,691,026) 6,088,253 Dividends received 147,368,131 87,858,842 Interest received 11,924,602 5,442,797 Corporate income tax paid on comprehensive income (6,815,349) (4,411,791) Net cash from operating activities 400,177,475 126,274,122 Investing activities Payments for purchases of tangible and intangible assets (2,547,720) (5,802,052) Payments for investment property purchases (4,795,258) (19,900,222)

Page 10 of 109 Item name 31 December 2024 31 December 2023 Proceeds from the sale of tangible and intangible fixed assets 40,012,765 1,974,464 Proceeds from the sale of subsidiaries, net of cash sold 34,277,383 - Net cash generated from/(used in) investing activities 66,947,170 (23,727,810) Funding activities Dividends paid 204,918 (2,927) Own shares bought back (117,770,835) (7,811) Changes in non-controlling interests, acquisitions of the Group (4,854,805) 22,690,139 Payment of lease liabilities (253,798) (255,885) Interest paid on leases (31,779) (32,011) Loan contract repayments (176,606,910) (235,649,968) Drawdowns on loan contracts 156,270,226 156,047,591 Interest paid on loan contracts (3,025,429) (6,052,293) Net cash used in financing activities (146,068,412) (63,263,165) Net increase in cash and cash equivalents 321,056,233 39,283,147 Cash and cash equivalents at 1 January 139,020,419 99,737,272 Cash and cash equivalents at 31 December 460,076,652 139,020,419 The consolidated financial statements have been approved by the Board of Directors at its meeting on 28 March 2025 and have been signed on its behalf by: Sorin – Iulian Cioacă Mihai Trifu Maria Alexandra Gârzu President-General Manager Vice-President-Deputy General Manager Chief accountant

Page 11 of 109 1. THE REPORTING ENTITY Infinity Capital Investments S.A. ("the Company" or "Infinity Capital Investments") is categorised under the applicable legal provisions as a closed-end, diversified, self-managed Alternative Investment Fund (A.I.F.) of closed-end, retail investors, self-administered. By the Resolution of the Extraordinary General Shareholders Meeting no. 5 of 27.04.2023, the change of the Company's name from "Societatea de Investiții Financiare Oltenia S.A." to "Infinity Capital Investments S.A." was approved, which was endorsed by the Financial Supervisory Authority on the basis of Authorisation no. 79/16.06.2023. The Trade Register Office of the Dolj Court issued, on 22.06.2023, the certificate of registration of mentions issued on the basis of the conclusion no. 9425 of 21.06.2023, which ordered the registration, in June 2023, in the Trade Register of the mentions regarding the change of the company's name from "Societatea de Investiții Financiare Oltenia S.A." to "Infinity Capital Investments S.A.", in accordance with the Extraordinary General Shareholders Meeting Resolution no. 5 of 27.04.2023. Infinity Capital Investments S.A. is authorised by the Financial Supervisory Authority as an Alternative Investment Fund Administrator (A.I.F.A.) by Authorisation no. 45/15.02.2018 and as a Retail Investors Alternative Investment Fund (R.I.A.I.F.), according to Authorisation no. 94/08.06.2021. The Company operates in compliance with the provisions of Law no. 74/2015 on alternative investment fund managers, Law no. 24/2017 - republished, on issuers of financial instruments and market operations, as amended and supplemented, Companies Law no. 31/1990 (R), as amended and supplemented, Law no. 243/2019 on the regulation of alternative investment funds, F.S.A. Regulation no. 5/2018 on issuers of financial instruments and market operations, F.S.A. Regulation no. 7/2020 on the authorization and operation of alternative investment funds and Rule no. 39/2015 for the approval of Accounting Regulations in compliance with International Financial Reporting Standards, applicable to entities authorized, regulated and supervised by the Financial Supervisory Authority in the Financial Instruments and Investments Sector, as well as the Investor Compensation Fund. The company is self-administered and has its registered office in Craiova, Str. Tufănele nr. 1, cod poștal 200767, județul Dolj. The Company is registered at the Trade Register Office attached to the Dolj Court, under the Registration Number J16/1210/1993, Taxpayer Identification Number 4175676, fiscal attribute RO. The Company's shares are listed on the Bucharest Stock Exchange, Premium category (market symbol INFINITY). The records of the Company's shares and shareholders are kept by Depozitarul Central S.A. Bucharest according to the law. The deposit activity required by legislation is provided by Raiffeisen Bank S.A. The main field of activity is NACE code 649 - other financial intermediation, except insurance and pension funds, and the main activity is NACE code 6499 - other financial intermediation n.e.c. According to the Articles of Association, the main activities that the Company may carry out are the following: a) portfolio management; b) risk management. The company, as A.F.I.A., may also carry out other activities such as: - management of the entity; a) legal and fund accounting services; b) requests for information from customers;

Page 12 of 109 1. THE REPORTING ENTITY (continued) c) verification of compliance with applicable legislation; d) distribution of income; (e) issues and buy-backs of equity securities; f) record keeping. - activities related to A.I.F. assets, i.e. services necessary for the performance of the A.I.F.'s management duties, infrastructure management, real estate management, advice to entities on capital structure, industrial strategy and related matters, advice and services relating to mergers and acquisitions of entities, and other services related to the management of the A.I.F. and the companies and other assets in which it has invested. The subscribed and paid-up share capital is 47,500,000 lei, divided into 475,000,000 shares with a nominal value of 0.1 lei/share. By resolution no. 4 of the Extraordinary General Shareholders Meeting of 27.04.2023, the decrease of the subscribed share capital of Infinity Capital Investments S.A. from 50,000,000 lei to 47,500,000 lei was approved, by cancelling a number of 25,000,000 own shares acquired by the Company following the implementation of the public tender offer for own shares in the period 08.06.2022-22.06.2022 in application of the buyback program approved by the General Shareholders Meeting. Following the issuance by the Financial Supervisory Authority of the Financial Instruments Registration Certificate no. AC-419-5/16.10.2024 related to the reduction of share capital approved by the Extraordinary General Shareholders Meeting Resolution no. 4 of 27.04.2023, the reduction of the share capital was carried out at the Central Depository in October 2024. The main characteristics of the shares issued by the company are: ordinary, registered shares of equal value, issued in dematerialised form, fully paid at the time of subscription, evidenced by book entry and granting equal rights to their holders, except for the limitations in the regulations and legal provisions. The consolidated financial statements as at 31 December 2024 ("financial statements", "consolidated financial statements") comprise the Company and its subsidiaries (the "Group") and are audited. The core activities of the Group are represented by the financial investment activities carried out by the Company, as well as the activities carried out by the subsidiaries, which belong to different sectors of activity such as: manufacture of instruments and devices for measuring, checking, control, navigation, food, tourism, commercial premises rental and trade. The consolidated financial statements were approved by the Board of Directors at its meeting of 28 March 2025. 2. BASIS FOR PREPARATION a) Declaration of conformity The consolidated financial statements ("financial statements") have been prepared in accordance with Rule No. 39/2015 for the approval of the Accounting Regulations in accordance with International Financial Reporting Standards, applicable to entities authorised, regulated and supervised by the Financial Supervisory Authority in the Financial Instruments and Investments Sector, as well as the Investor Compensation Fund as amended and supplemented, and are to responsibility of the Group's management. These financial statements have been prepared on an ongoing activity basis, which assumes that the Group will continue in operation for the foreseeable future. In accordance with the provisions of Regulation (EU) no. 1606/2002 of the European Parliament and of the Council of the European Union of 19 July 2002, as well as Law no. 24/2017 republished - on issuers of

Page 13 of 109 2. BASIS FOR PREPARATION (continued) a) Declaration of conformity (continued) financial instruments and market operations, the Company has the obligation to prepare and file with the F.S.A. annual consolidated financial statements, in accordance with the International Financial Reporting Standards ("IFRS"), within 4 months after the end of the financial year at the latest. The consolidated financial statements of Group as at 31 December 2024 have been prepared, approved and shall be made available to the public in electronic format on the Company's website: www.infinitycapital.ro. The accounting records of the Group are kept in lei. The main consolidation-specific adjustments are: - elimination from the statement of financial position of investments in Group companies; - elimination of intra-group equity transactions and fair value adjustments; - elimination from the statement of profit or loss and other comprehensive income of gross dividend income settled within the Group; - elimination of balances, transactions, income and expenses within the Group; - non-controlling interests are presented in the consolidated statement of financial position as an equity item, separate from the Parent company's equity, and represent their share of the equity items and profits of Group companies. The accounting records of the Company's subsidiaries are maintained in lei, in accordance with the Romanian Accounting Regulations ("RAR") or International Financial Reporting Standards ("IFRS"). The RAR accounting records are restated at Group level to reflect the differences between RAR and IFRS. Accordingly, the RAR accounts are adjusted where necessary to harmonise the consolidated financial statements with the IFRS, in all material respects. Apart from consolidation-specific adjustments, the main restatements to the financial information included in the financial statements prepared in accordance with the CRR to bring them in line with IFRS requirements are: - grouping several items into broader categories as required by IAS 1 - Presentation of Financial Statements; - adjustments to the profit or loss account so as to recognise dividend income at the time of declaration and on a gross basis; - adjustments related to financial investments measured at fair value through other comprehensive income so as to classify, present and measure them at fair value in accordance with IFRS 9 - Financial Instruments and IFRS 13 - Fair Value; - adjustments to real estate investments for fair value measurement in accordance with IAS 40 - Real Estate Investment and IFRS 13 - Fair Value; - adjustments to tangible assets so as to assess them in accordance with the Group's accounting policies and in accordance with IAS 16 - Tangible assets and IFRS 13 - Fair Value; - adjustments for the recognition of deferred income tax assets and liabilities in accordance with IAS 12 - Income taxes; - presentation and disclosure requirements under IFRS.

Page 14 of 109 2. BASIS FOR PREPARATION (continued) b) Presentation of financial statements The Group has adopted a cash basis of presentation in the consolidated statement of financial position and the presentation of income and expenses has been made in relation to their nature in the consolidated statement of profit or loss and other comprehensive income. It was considered that these presentation methods provide information that is reliable and more relevant than those that would have been presented based on other methods permitted by IAS 1 “Presentation of financial statements” and IRFS 12 "Presentation of existing interests in other entities". The management of Infinity Capital Investments S.A. believes that the Group will continue its activity in the future and, accordingly, the consolidated financial statements have been prepared on this basis (see also Note 2 (f) "Impact of the Russian-Ukrainian military conflict and other international trends on the Group's financial position and performance)". c) Functional and presentation currency Group management considers that the functional currency as defined by IAS 21 "The Effects of Changes in Foreign Exchange Rates" is the Romanian leu (RON or lei). The consolidated financial statements are prepared in lei, rounded to the nearest leu, the currency that the Group's management has chosen as its presentation currency. d) Basis of assessment The consolidated financial statements are prepared under the fair value convention for financial assets and liabilities at fair value through profit or loss and financial assets at fair value through other comprehensive income. Other financial assets and debts, as well as non-financial assets and debts are presented at the amortized cost, re-evaluated value or historical cost. e) Use of estimates amount and judgements The preparation of the consolidated financial statements in accordance with IFRS requires the management to make estimates, judgements and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. The estimates and assumptions associated with these judgements are based on historical experience as well as other factors considered reasonable in the context of these estimates. The results of these estimates form the basis of judgements about the carrying amounts of assets and liabilities that cannot be obtained from other sources of information. The results obtained may differ from the estimates. The Group regularly reviews the estimates and assumptions underlying the accounting entries. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period in which the estimate is revised and future periods, if the revision affects both the current period and future periods. The disclosures and judgments related to the determination and application of accounting policies and the determination of accounting estimates having the greatest degree of estimation uncertainty that have a material impact on the amounts recognized in these annual financial statements are as follows: • Fair value measurement of financial instruments (see notes 17 and 6);

Page 15 of 109 2. BASIS FOR PREPARATION (continued) e) Use of estimates and judgements (continued) • Fair value hierarchy and unobservable inputs used in the valuation (Level 3) (see note 17); • Classification of financial instruments (see note 6). f) The impact of the Russian-Ukrainian military conflict and other international trends on the financial position and performance of the Group On 24 February 2022, Russia began military operations against Ukraine. This was preceded by a troop build-up on the border with Ukraine and Russia's diplomatic recognition of the Donetsk People's Republic and the Lugansk People's Republic on 21 February 2022. This event has had, and is expected to continue to have, a negative impact on many economic sectors, given Russia's important role in the energy commodities market in Europe. The Group has no direct exposure to Russia or Ukraine. At the end of 2024, the capitalisation on the main market of the Bucharest Stock Exchange recorded a value of 350,285,361,019 lei, up by 19.04% compared to 31 December 2023, when a value of 294,247,645,200 lei was recorded, while the capitalisation of the AeRO market on the Bucharest Stock Exchange recorded a value of 13,370,486,799 lei on 31 December 2024, down by 10% compared to 31 December 2023 when a value of 14,855,467,632 lei was recorded. On 30 December .2024, the BET index increased by 8.78%, from 15,371.11 points (on 29.12.2023) to 16,720.75 points, while the BET-AeRO index increased by 10.85%, from 982.02 points (on 29.12.2023) to 875.49 points. Existing geopolitical tensions and the prospects for their relative intensification, at least in the short term, are giving rise to concerns about declining international cooperation and scepticism about the future of globalisation. These uncertainties are expected to have a direct impact on Romania's economy and generate opportunities in the coming period. According to the World Economic Outlook update, published by the International Monetary Fund in January 2025, global growth is projected at 3.3% in both 2025 and 2026, largely unchanged from the World Economic Outlook (WEO) forecast of October 2024, with an upward revision in the United States. Global GDP growth in the third quarter of 2024 was 0.1 percentage point below the one forecast in the October 2024 WEO. The outlook for the next five years does not look too optimistic, with growth forecast to be below average at around 3 per cent for 2025-2026. According to the NBR's Financial Stability Report 1 , the deterioration of domestic macroeconomic balances continues to represent one of the main systemic risks at national level. The data for the first part of 2024 point to a widening of the twin deficits compared to the previous Report, and Romania is expected to end the year with one of the largest deficits (fiscal and current account) in Europe, reflecting both structural and cyclical factors. The risks associated with twin deficits may be exacerbated by the rising level of sovereign debt as well as external debt. At Group level, financial market developments are constantly monitored in order to identify possible events that could have an impact on the business. 1 National Bank of Romania, Financial Stability Report, December 2024 https://www.bnr.ro/uploads/editor/1402949409.pdf

Page 16 of 109 2. BASIS FOR PREPARATION (continued) f) Impact of the Russian-Ukrainian military conflict and other international trends on the financial position and performance of the Group (continued) Macro-economic uncertainty is still present, influenced by geopolitical conflict, high inflation and tight monetary policy. These factors can have a significant impact on the Romanian economy and consequently on the company's portfolio companies. The Company's Board of Directors is aware that economic developments, both globally and locally, may influence the company's future business and may have an impact on the company's future results. The Company’s management continuously monitors the risks and uncertainties present and implements measures to ensure that the business continues to operate in optimal conditions. During 2024, shareholders and investors were informed in a normal manner, with the company communicating relevant information and events through current and periodic reports and/or updates on the company's website. g) Significant accounting policy information The Group has also adopted the Disclosure of Accounting Policies (Amendments to IAS 1 and Statement 2 on IFRS Practice) starting from 1 January 2023. Although the amendments did not lead to changes in the accounting policies themselves, they had an impact on the information regarding the accounting policies presented in the financial statements. The amendments provide for the disclosure of "significant" accounting policies. The amendments also provide guidance on the application of meaning in the presentation of accounting policies, assisting entities in providing useful, entity-specific information about accounting policies that users need to understand other information in the financial statements. Management reviewed the accounting policies and made updates to the information disclosed in Note 4 Material Accounting Policies (2023: Material accounting policies) in certain instances in line with the amendments. h) Other matters – format in accordance with the European Securities and Markets Authority (“ESMA”) Due to the technical limitations of the software used to present the consolidated ﬁnancial statements in the European single electronic format (“ESEF”), the tables included in the footnotes are displayed in a linear, logical, and understandable manner. 3. BASIS OF CONSOLIDATION a) Business combinations Business combinations shall be accounted for by using the acquisition method at the date when control is acquired. Applying the acquisition method requires: establishing the acquisition date; recognising and measuring the identifiable assets acquired, liabilities assumed and any non-controlling interests held in the acquiree; and recognising and measuring the goodwill or gain on a bargain purchase. The date on which control is acquired is generally the date on which the Group legally transfers the consideration, acquires the assets and assumes the liabilities of the acquiree - the acquisition date. The group shall recognise goodwill at the acquisition date measured at the value by which the amount in (a) exceeds the amount in (b) below: (a) the total between:

Page 17 of 109 3. BASIS OF CONSOLIDATION (continued) a) Business combinations (continued) (i) the consideration transferred (ii) the value of any non-controlling interests held in the acquired entity (iii) in a business combination achieved in stages, the acquisition-date fair value of the Group's previously held equity interest in the acquiree. (b) the net acquisition-date values of the identifiable assets acquired and liabilities assumed. Each identifiable asset and liability assumed is measured at its fair value at the acquisition date. After initial recognition, goodwill is measured at cost less accumulated impairment losses. If the net acquisition-date values of the identifiable assets acquired and liabilities assumed exceeds the amount of the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the Group's previously held equity interest in the acquiree (if any), the excess is recognised immediately in profit or loss as a gain on the bargain purchase. The consideration transferred in a business combination shall be measured at fair value, which shall be calculated as the aggregate of the acquisition-date fair values of the assets transferred by the Group, the liabilities assumed by the Group to the former shareholders of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. Acquisition-related costs are recognised in the income statement as incurred. At the acquisition date, identifiable assets acquired and liabilities assumed are recognised at their fair values at the acquisition date, with the following exceptions: • Deferred tax assets or liabilities and assets or liabilities relating to employee benefit arrangements are recognised and measured in accordance with IAS 12 and IAS 19 Employee Benefits respectively; • Liabilities or equity instruments related to the acquiree's share-based payment arrangements or related to the Group's share-based payment arrangements entered into to replace the acquiree's share-based payment arrangements are measured in accordance with IFRS 2 'Share-based Payment' at the acquisition date; • Assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 'Non-current Assets Held for Sale and Discontinued Operations' are measured in accordance with that standard. When the consideration transferred by the Group in a business combination includes contingent consideration, the contingent consideration is measured at fair value at the acquisition date and included as part of the consideration transferred in a business combination. Changes in the fair value of contingent consideration that qualify as measurement period adjustments are retrospectively adjusted with corresponding adjustments to goodwill. Adjustments for the measurement period are adjustments resulting from additional information obtained during the 'measurement period' (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date.

Page 18 of 109 3. BASIS OF CONSOLIDATION (continued) a) Business combinations (continued) The subsequent accounting for changes in the fair value of contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent consideration classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is recognised within equity. Other contingent consideration is remeasured at fair value at subsequent reporting dates with changes in fair value recognised in the income statement. When a business combination is achieved in stages, the Group's previously held interests in the acquiree are remeasured to their fair value at the acquisition date and the resulting gain or loss, if any, is recognised in profit or loss. Amounts arising from interests held in the acquiree before the acquisition date that were previously recognised in other comprehensive income are reclassified to profit or loss, if such treatment would be appropriate if those interests had been sold. If the initial accounting for a business combination is incomplete by the end of the reporting period in which a combination occurs, the Group reports provisional amounts for those items for which the accounting is not finalised. These provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognised, to reflect new information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the amounts recognised at that date. Non-controlling interests in an acquiree are equity interests in a subsidiary that are not attributable, directly or indirectly, to the Parent company. They are measured either at fair value or at the non- controlling interest's proportionate share of the acquiree's identifiable net assets. The Group has elected to measure non-controlling interests at the proportionate share of the identifiable net assets of the acquired entities. (b) Subsidiaries Subsidiaries are entities under the control of the Company. The company controls an investee when it is exposed to or has rights to variable returns based on its ownership interest in the investee and has the ability to influence those returns through its authority over the investee. The potential or convertible voting rights that are exercisable at the time must also be taken into account when assessing control. As at 31 December 2024 there are 13 entities in which Infinity Capital Investments S.A. holds more than 50% of the share capital (14 entities as at 31 December 2023) and which enter the consolidation perimeter.

Page 19 of 109 3. BASIS OF CONSOLIDATION (continued) b) Subsidiaries (continued) The list of subsidiaries as at 31 December 2024 and 31 December 2023 is as follows: No. Company name Address Registration number Trade Register No. Percentage held by the Company at 31.12.2024 Percentage held by the Company at 31.12.2023 1 COMPLEX HOTELIER DÂMBOVIȚA S.A. TÂRGOVIȘTE, B-DUL LIBERTĂȚII NR. 1, Județ DÂMBOVIȚA 10108620 J15/11/1998 99.99% 99.99% 2 GRAVITY CAPITAL INVESTMENTS S.A.* BUCUREȘTI, B-DUL UNIRII NR. 14, SECTOR 4 46979099 J40/20021/2022 99.99% 99.99% 3 VOLTALIM S.A. CRAIOVA, B-DUL DECEBAL 120 A, Județ DOLJ 12351498 J16/698/1999 99.55% 99.55% 4 MERCUR S.A. CRAIOVA, CALEA UNIRII 14, Județ DOLJ 2297960 J16/91/1991 97.86% 97.86% 5 LACTATE NATURA S.A. TÂRGOVIȘTE, B-DUL INDEPENDENȚEI 23, Județ DÂMBOVIȚA 912465 J15/376/91 93.70% 93.70% 6 FLAROS S.A. BUCUREȘTI, str. Ion Minulescu 67-93, SECTOR 3 350944 J40/173/1991 93.70% 93.70% 7 ARGUS S.A. Constanța** CONSTANȚA, INDUSTRIALĂ 1, Județ CONSTANȚA 1872644 J13/550/1991 91.42% 91.42% 8 GEMINA TOUR S.A. RM. VÂLCEA, ȘTIRBEI VODĂ 103, Județ VÂLCEA 1477750 J38/876/1991 88.29% 88.29% 9 ALIMENTARA S.A. SLATINA, ARINULUI 1, Județ OLT 1513357 J28/62/1991 85.23% 85.23% 10 CONSTRUCȚII FEROVIARE S.A. CRAIOVA, ALEEA I BARIERA VÂLCII 28A, Județ DOLJ 2292068 J16/2209/1991 77.50% 77.50% 11 PROVITAS S.A. BUCUREȘTI, B-DUL UNIRII 14, BL. 6A, 6B, 6C, SECTOR 4 7965688 J40/10717/1995 71.30% 71.30% 12 TURISM S.A. PUCIOASA, REPUBLICII 110, Județ DÂMBOVIȚA 939827 J15/261/1991 69.22% 69.22% 13 ELECTROMAGNETICA S.A.*** BUCUREȘTI, CALEA RAHOVEI Nr. 266-268 414118 J40/19/1991 65.45% 65.45% 14 UNIVERS S.A.**** RM. VÂLCEA, REGINA MARIA 4, Județ VÂLCEA 1469006 J38/108/1991 - 73.75%

Page 20 of 109 3. BASIS OF CONSOLIDATION (continued) b) Subsidiaries (continued) *Gravity Capital Investments S.A. has the following ownership as at 31 December 2024 and 31 December 2023: • Gravity Real Estate S.R.L. - 100% (includes the subsidiary Gravity Real Estate One S.R.L.) ** Argus S.A. Constanta has the following ownership as at 31 December 2024 and 31 December 2023: • Comcereal S.A. Tulcea - 95.36% (includes the subsidiary Cereal Prest S.A. at 31 december 2023, sold on 4 March 2024); • Argus Trans S.R.L. - 100%. • Aliment Murfatlar S.R.L. is 14% owned at 31 December 2024 and 31 December 2023. *** Electromagnetica S.A., company included in the consolidation scope during 2023, has the following ownership at 31 December 2024 and 31 December 2023: • Electromagnetica Prestserv S.R.L. – 100%; • Electromagnetica Fire S.R.L. – 100%; • Procetel S.A. – 96,55%. **** The ownership in Univers S.A. (73.75% as at 31 December 2023) was sold on 4 March 2024 and is no longer part of the consolidation perimeter as at 31 December 2024. Aliment Murfatlar S.R.L. is 100% owned by the subsidiaries of Infinity Capital Investments S.A. at 31 December 2024 and 31 December 2023, respectively • Argus S.A - 14% at 31 December 2024 (14% at 31 December 2023); • Voltalim S.A. - 59% at 31 December 2024 (23% at 31 December 2023); • Flaros S.A. - 27% at 31 December 2024 (27% at 31 December 2023); • Alimentara S.A. - 0% at 31 December 2024 (12% at 31 December 2023); • Univers S.A. - 0% at 31 December 2024 (24% at 31 December 2023). At 31 December 2024, the total assets of the 13 companies included in the Group's consolidation perimeter represent 25.98% of the Group's total assets (31 December 2023: 32.09%) and 24.09% of the Group's net assets (31 December 2023: 29.69%) and were consolidated by the global integration method. The core activities carried out by the Company and the companies included in the scope of consolidation are represented by the financial investment activities carried out by the Company and the activities carried out by those companies, which are mainly represented by the following sectors: manufacture of instruments and devices for measuring, checking, testing, control, navigation, food, tourism, commercial premises rental and trade. Starting 1 January 2018, the Company management has classified all investments in equity instruments (shares) as "Financial assets at fair value through other comprehensive income", except for fund units which are measured at fair value through profit or loss.

Page 21 of 109 3. BASIS OF CONSOLIDATION (continued) c) Associated entities Associated entities are those companies in which the Group can exercise significant influence but not control over financial and operating policies. Investments in which the Group owns between 20% and 50% of the voting rights but does not exercise significant influence are classified as financial assets at fair value through other comprehensive income. Following analysis of the quantitative and qualitative criteria set out in IAS 28 - 'Investments in Associates and Joint Ventures', the Group concluded that it had no investments in associates at 31 December 2024 and 31 December 2023. d) Transactions eliminated on consolidation Intra-Group settlements and transactions, as well as realised profits arising from intra-group transactions, are eliminated in full from the consolidated financial statements. 4. MATERIAL ACCOUNTING POLICIES Accounting policies are the specific principles, bases, conventions, rules and practices applied in the preparation and presentation of financial statements. The policies set out below have been applied consistently to all periods presented in the financial statements. The Group has consistently applied the following accounting policies for all periods presented in these consolidated financial statements unless otherwise stated. In addition, the Group has also adopted the Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) from 1 January 2023. The amendments provide for the disclosure of "material" accounting policies. Although the amendments did not result in any changes to the accounting policies themselves, they impacted accounting policy information disclosed in the financial statements related to the financial instruments presented in Note 4 in certain instances (see Note 17 for further information). a) Business continuity/Going concern In 2024, the capital market saw significant growth after a challenging and uncertain 2023. Macro- economic risks also eased further during 2024, despite continued substantial uncertainties in the financial sector, high inflation and ongoing geo-political conflicts. The global economic recovery from the COVID-19 pandemic, the conflict in Ukraine, the conflict in the Middle East are leading to sluggish global economic growth. These events have had, and are expected to continue to have, a negative impact on many economic sectors, given Russia's important role in the energy commodities market in Europe. The current geopolitical context may trigger episodes of volatility in financial markets.

Page 22 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) a) Business continuity (continued) These factors can have a significant impact on the Romanian economy and consequently on the Group's companies. The Company's Board of Directors is aware that economic developments, both globally and locally, may influence the Group's future business and may have an impact on the Group's future results. The management continuously monitors the risks and uncertainties present and implements measures to ensure that the business continues to operate in optimal conditions. None of the companies included in the consolidation perimeter, with the exception of Electromagnetica S.A., are not subject to the O.M.F.P. no 881/25 June 2012, i.e. they are not obliged to prepare and report financial statements under I.F.R.S. They keep the accounts in accordance with the regulations of the O.M.F.P. 1802/2014 for the approval of the accounting regulations on individual annual financial statements and consolidated annual financial statements. For consolidation purposes, they prepare the second set of financial statements under I.F.R.S. conditions. The financial statements prepared under I.F.R.S. conditions result from the restatement of the financial statements prepared under O.M.F.P. 1802/2014. The consolidated financial statements were made according to Rule No 39/2015 for approving accounting regulations in accordance with International Financial Reporting Standards, applicable to entities authorised, regulated and supervised by the Financial Supervision Authority in the financial instruments and investments sector, as well as to the Investor Compensation Fund. b) Foreign currency transactions Transactions denominated in foreign currency are initially recorded in Lei at the official exchange rate on the transaction date. Monetary assets and liabilities recorded in foreign currency at the date of the financial position statement are converted into functional currency at the exchange rate on that day (at the end of the financial year). Gains or losses on their settlement and on conversion using year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss, except for those that have been recognised in equity as a result of hedge accounting. The exchange rates of the main foreign currencies against RON used at the reporting date are: Currency 31 December 2024 31 December 2023 Variation Euro (EUR) 1:4.9741 1:4.9746 -0.01% US Dollar (USD) 1:4.7768 1:4.4958 +6.25% c) Cash and cash equivalents Cash includes cash available in hand and at banks, sight deposits and deposits with an original maturity of less than 90 days. Cash equivalents are short-term, highly liquid financial investments that are readily convertible to cash and subject to insignificant risk of change in value.

Page 23 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) d) Subsidiaries and associated entities Subsidiaries are entities under the control of the Company. The company controls an investee when it is exposed to or has rights to variable returns based on its ownership interest in the investee and has the ability to influence those returns through its authority over the investee. The potential or convertible voting rights that are exercisable at the time must also be taken into account when assessing control. Associates are those companies in which the Company can exercise significant influence but not control over financial and operating policies. The Group has concluded that at 31 December 2024 there are 13 entities in which the Company holds more than 50% of the share capital (14 entities as at 31 December 2023) and that it does not hold investments in associated entities. e) Financial assets and liabilities 1. Financial assets The Group's financial instruments under IFRS 9 'Financial Instruments' include the following: - Investments in equity instruments (e.g. shares); - Investments in fund units; - Trade and other receivables; - Cash and cash equivalents; - Deposits with banks. Classification The Group classifies financial instruments held in accordance with IFRS 9” Financial Instruments' into financial assets and financial liabilities. The Group classifies financial assets valued at: • amortised cost: cash and cash equivalents, deposits with banks, and trade and other receivables; • fair value through other comprehensive income: equity instruments (e.g. shares); and • fair value through profit or loss: fund units. The classification of financial assets depends on: - the Group's business model for managing financial assets; and - contractual cash flow characteristics of the financial asset. The business models used by the Group to manage its financial assets are: • To collect contractual cash flows: Financial assets that are held under this business model are managed to achieve cash flows by collecting contractual payments over the life of the instrument. This means that the Group manages the assets held in the portfolio to collect those contractual cash flows (rather than managing the overall return on the portfolio through both holding and selling the assets).

Page 24 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) e) Financial assets and liabilities (continued) 1. Financial assets (continued) Assets held under this business model are not necessarily held until they mature, "infrequent" sales are also possible when the credit risk of those instruments has increased. An increase in the frequency of sales in a given period is not necessarily contrary to this business model, if the Group can explain the reasons for the sales and demonstrate that the sales do not reflect a change in the current business model. • To collect contractual cash flows and for sale: Financial assets that are held under this business model are managed for both the collection of contractual cash flows and the sale of financial assets. • Other business models: Other business models include maximising cash flows through selling, trading, managing assets on a fair value basis, financial instruments purchased for sale or trading and measured at fair value through profit or loss. The management of this portfolio is based on the evolution of the market value for those assets and includes frequent sales and purchases in order to maximise profit. Cash flow characteristics analysis (SPPI test) The SPPI test is the analysis of the contractual financial assets terms in order to identify whether cash flows represent exclusively payments of principal and interest on principal due. IFRS 9 includes three categories of classification of financial assets: measured at amortised cost, measured at fair value through other comprehensive income and measured at fair value through profit or loss. • Financial assets measured at amortised cost Financial assets measured at amortised cost are cash and cash equivalents, deposits with banks and trade and other receivables. After initial recognition, a financial asset is classified at assessed at amortised cost only if two conditions are met simultaneously: o the asset is held within a business model whose objective is to keep the financial assets so as to collect contractual cash flows; and o the contractual terms of the financial asset give rise, at specified dates, to cash flows representing exclusively payments of principal and interest ("SPPI"). The Group performed the SPPI test for assets measured at amortised cost (e.g. bonds and trade receivables), and there were no significant deviations. • Financial assets designated at fair value through other comprehensive income ("FVTOCI") The Group's holdings in equity instruments are fully measured at fair value through other comprehensive income at 31 December 2024 and 2023.

Page 25 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) e) Financial assets and liabilities (continued) 1. Financial assets (continued) After initial recognition, a financial asset is classified at fair value through other comprehensive income only if two conditions are met simultaneously: o the asset is held within a business model whose objective is to hold the financial assets both to collect contractual cash flows and to sell them; o the contractual terms of the financial asset give rise, at specified dates, to cash flows representing solely payments of principal and interest. In addition, upon initial recognition of an investment in equity instruments that is not held for trading, the Group may choose irrevocably to present subsequent changes in fair value in other comprehensive income. The Group has used the irrevocable option to designate these equity instruments at fair value through other comprehensive income as these financial assets are held both for the collection of dividends and for gains on sale, not for trading. Gains or losses on an equity instrument measured at fair value through other comprehensive income are recognised in other comprehensive income, except for dividend income. Dividends received from entities in which the Group holds shares are recognised in profit or loss on a gross basis only when: a) the right of the Group to receive payment of the dividend is established; b) the economic benefits associated with the dividend are likely to be generated for the Group; and c) the amount of the dividend can be reasonably estimated. • Financial assets assessed at fair value through profit or loss (“FVTPL”): The Group's FVTPL financial assets are represented by fund units as at 31 December 2024 and 2023. All financial assets that are not classified as measured at amortised cost or at fair value through other comprehensive income, as described in these notes to the financial statements, are measured at fair value through profit or loss. In addition, upon initial recognition, the Group may irrevocably designate that a financial asset, which otherwise meets the requirements to be measured at amortised cost or fair value through other comprehensive income, be measured at fair value through profit or loss if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. Financial assets that do not meet the criteria for cash flow collection (SPPI test) must be measured at fair value through profit or loss.

Page 26 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) e) Financial assets and liabilities (continued) 1. Financial assets (continued) Following the adoption of IFRS 9, equity financial assets for which the Group did not use the irrevocable option to classify them as financial assets at fair value through other comprehensive income, as well as those not held for trading, have been classified at fair value through profit or loss. Assets held for trading are measured at fair value through profit or loss. An asset is held for trading if it meets all of the following conditions: o It is held for the purpose of sale and redemption in the near future; o Upon initial recognition, it is part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short-term profit chasing; or o It is a derivative (except for a derivative that is a financial guarantee contract or a designated and effective hedging instrument). The Group holds no financial assets for trading at 31 December 2024 or 31 December 2023. For financial assets at fair value through profit or loss, changes in fair value are recognised in the statement of comprehensive income in profit or loss. 2. Financial liabilities Classification Financial liabilities are classified subsequent to initial recognition at amortised cost, except for financial liabilities measured at fair value through profit or loss represented by financial liabilities held for trading, which are designated on initial recognition or subsequently at fair value through profit or loss as specifically set out in IFRS 9, including financial liabilities related to derivatives. The Infinity Capital Investments S.A. Group had no financial liabilities classified at fair value through profit or loss at 31 December 2024 or 31 December 2023. 3. Initial recognition of financial assets and liabilities Assets and liabilities are recognised by the Group at the transaction date. Financial assets and financial liabilities are measured upon initial recognition at fair value plus or minus, in the case of financial assets or financial liabilities that are not at fair value through profit or loss, transaction costs directly attributable to the acquisition or issue of those financial assets or financial liabilities.

Page 27 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) e) Financial assets and liabilities (continued) 4. Offsets of financial assets and liabilities Financial assets and financial liabilities are offset and the net result is presented in the statement of financial position only when there is a legal right of set-off and there is an intention to settle them on a net basis or if the Group intends to realise the asset and settle the liability simultaneously. Income and expenses are presented net only when allowed by accounting standards, or for profit and loss resulting from a group of similar transactions such as those in the Group's trading activity. 5. Assessment/Valuation i) at amortised cost The amortised cost of a financial asset or financial liability is the amount at which the financial asset or financial liability is measured upon initial recognition, except for the principal repayments, plus or minus the cumulative amortisation using the effective interest method of any difference between the initial amount and the maturity value, less, in the case of financial assets, allowances for expected credit losses. ii) at fair value Fair value is the price that would be received as a result of selling an asset or the price that would be paid to transfer a liability in a normal transaction between market participants at the assessment date; (e.g. an exit price). The Group measures the fair value of a financial instrument using quoted prices in an active market for that instrument. A financial instrument has an active market if quoted prices for that instrument are readily and regularly available. The Group measures instruments quoted in active markets using the closing price. A financial instrument is considered to be quoted in an active market when quoted prices are readily and regularly available from an exchange, dealer, broker, industry association, pricing service or regulatory agency, and those prices reflect actual and regularly occurring transactions carried out under objective market conditions. The category of shares listed on an active market includes all those shares that are admitted to trading on the stock exchange or alternative market and that are frequently traded. The market price used to determine fair value is the closing market price on the last trading day before the assessment date. In calculating the fair value for equity instruments (shares), the Group uses the following hierarchy of methods: - Level 1: quoted (unadjusted) prices in active markets for identical assets and liabilities; - Level 2: inputs other than quoted prices included in Level 1 that are observable for assets or liabilities, either directly (e.g. prices) or indirectly (e.g. price derivatives);

Page 28 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) e) Financial assets and liabilities (continued) 5. Assessment (continued) - Level 3: assessment techniques based largely on unobservable inputs. This category includes all instruments for which the assessment technique includes elements that are not based on observable data and for which unobservable input parameters may have a significant effect on the assessment of the instrument. Assessment techniques include net present value techniques, discounted cash flow method, comparison method with similar instruments for which there is an observable market price and other assessment methods. The fair value measurement of equity instruments (shares) held is performed as follows: - for securities listed and traded on an active market during the reporting period, the market value was determined by taking into account the quotation on the last trading day (closing quotation on the main stock market for those listed on the regulated market - B.V.B., respectively reference price for the alternative system - AeRO for level 1); - for the remaining listed securities for which there is no active market or which are not listed, assessment techniques based unobservable elements were used, thus assessment reports were prepared by an authorised assessor ANEVAR member and also reviewed by the Group. iii) Identifying and assessing expected credit losses Financial assets measured at amortised cost The Group recognises expected credit losses on financial assets at amortised cost, in accordance with IFRS 9. The Group has defined as "impaired" exposures the receivables that meet one or both of these criteria: • exposures for which the Group assesses that the debtor is unlikely to pay its obligations in full, regardless of the amount of the exposures and the number of days for which the exposure is past due (e.g. due to major financial difficulties faced by the client; in the case of amounts under dispute); • amounts not paid when due, with significant delays of more than 365 days. The Group recognizes in profit or loss the amount of changes in expected credit losses over the life of the financial assets as losses or reversal of expected credit losses. Expected credit losses or reversal of credit losses are determined as the difference between the carrying amount of the financial asset and the present value of future cash flows using the effective interest rate of the financial asset at the initial point in time. The Group has assessed the potential impact of credit losses on its financial assets and does not consider it to be a significant one.

Page 29 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) e) Financial assets and liabilities (continued) 6. Fair value gains and losses Gains or losses resulting from a change in the fair value of a financial asset or financial liability that is not part of a hedging relationship are recognised as follows: • Gains or losses arising from financial assets or financial liabilities classified as at fair value through profit or loss are recognised in profit or loss; • Gains or losses generated by a financial asset measured at fair value through other comprehensive income are recognised in other comprehensive income. 7. Derecognition The Group derecognises a financial asset when the contractual rights to receive cash flows from that financial asset expire, or when the Group has transferred the contractual rights to receive the contractual cash flows from that financial asset in a transaction in which it has transferred substantially all the risks and rewards of ownership of that financial asset. Any interest in transferred financial assets retained by the Group or created for the Group is recognised separately as an asset or liability. The Group derecognises a financial liability when contractual obligations have been discharged or when contractual obligations are cancelled or expire. If an entity transfers a financial asset in a transfer that qualifies for derecognition and retains the right to manage the financial asset for a fee, it shall recognise either a servicing asset or a servicing liability for that servicing contract. On derecognition of a financial asset in its entirety (excluding equity instruments classified at fair value through other comprehensive income), the difference between: • its book value and • the amount made up of (i) the consideration received (including any new asset acquired less any new liability assumed) and (ii) any cumulative gain or loss that has been recognised in other comprehensive income, shall be recognised in profit or loss. In the case of debt instruments, when the financial asset at fair value through other comprehensive income is derecognised, the cumulative gain or loss previously recognised in other comprehensive income is reclassified from the reassessment reserve to profit or loss as a reclassification adjustment (recycling to profit or loss). For equity instruments measured at fair value through other comprehensive income, the cumulative gain or loss previously recognised in other comprehensive income is not reclassified from the reassessment surplus to profit or loss (i.e. not recycled to profit or loss), but is reclassified to retained earnings.

Page 30 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) f) Property, plant and equipment • Recognition and assessment Property, plant and equipment recognised as assets are initially measured at acquisition cost (for those acquired for valuable consideration), at contribution value (for those received as a contribution in kind when constituting/increasing share capital), or at fair value at the acquisition date for those received free of charge. The cost of an item of property, plant and equipment consists of the purchase price, including non- recoverable taxes, less any trade discounts and any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of serving the purpose intended by management, such as: employee costs directly attributable to the construction or acquisition of the asset, site development costs, initial delivery and handling costs, installation and assembly costs, professional fees. Property, plant and equipment are classified by the Group into the following classes of assets of a similar nature and with similar uses: - land and buildings; - machinery and equipment; - vehicles; - furniture, office equipment, equipment for the protection of human and material values and other tangible assets. • Assessment after recognition For subsequent recognition, the Group has adopted the reassessment model. After recognition as an asset, items of property, plant and equipment such as buildings and land whose fair value can be measured reliably are carried at revalued amount, being the fair value at the date of reassessment less any subsequent accumulated depreciation and any accumulated impairment losses. Other tangible fixed assets are measured at cost less accumulated depreciation and any impairment revaluation. Reassessments shall be made with sufficient regularity to ensure that the carrying amount is not materially different from what would have been determined using fair value at the reporting period date. If an item of property, plant and equipment is revalued, then the entire class of property, plant and equipment to which that item belongs is subject to revaluation. If the carrying amount of an asset is increased as a result of a reassessment, the increase is recognised in other comprehensive income and accumulated in equity as revaluation surplus.

Page 31 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) f) Property, plant and equipment (continued) However, the increase will be recognised in profit or loss to the extent that it offsets a decrease from a revaluation of the same asset previously recognised in profit or loss. If the carrying amount of an asset is decreased as a result of a revaluation, that decrease is recognised in profit or loss. However, the reduction will be recognised in other comprehensive income to the extent that the reassessment surplus shows a credit balance for that asset. Transfers from reassessment surplus to retained earnings are not through profit or loss. The revaluation reserves are recorded for each individual fixed asset and for each revaluation transaction that has taken place. The revaluation surplus included in equity relating to an item of property, plant and equipment shall be transferred directly to retained earnings as depreciation and when the asset is derecognised on disposal or scrapped. Land and buildings are carried at revalued amount, being the fair value at the reassessment date less accumulated depreciation and impairment losses. Revaluation are carried out by specialised evaluators, members of ANEVAR. • Subsequent costs Expenses on the day-to-day maintenance and repair of tangible fixed assets are not capitalised. They are recognised as expenses in the period in which they are incurred. These costs consist mainly of labour and consumables and may also include the cost of low-value components. Expenses on the maintenance and repair of property, plant and equipment are recognised in the profit or loss account as incurred. Significant improvements to items of property, plant and equipment that increase their value or useful life, or significantly increase their capacity to generate economic benefits from them, are capitalised (increase the carrying amount of the item accordingly). • Depreciation Depreciation is calculated at the carrying amount (acquisition cost or revalued amount less residual value) for the activity for which they are intended. Depreciation is recognised in the income statement using the straight-line method over the estimated useful lives of property, plant and equipment (less land and assets under construction), commencing from the date they are available for use in the asset's intended activity, as this method most faithfully reflects the expected pattern of consumption of the economic benefits embodied in the asset. Depreciation of an asset ceases at the earlier of the date when the asset is classified as held for sale (or included in a disposal group that is classified as held for sale) in accordance with IFRS 5 'Fixed Assets Held for Sale and Discontinued Operations' and the date when the asset is derecognised.

Page 32 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) f) Property, plant and equipment (continued) Each part of an item of property, plant and equipment that has a cost that is significant in relation to the total cost of that item shall be depreciated separately. The estimated useful lives for the current and comparative periods are as follows: - buildings 12-50 years - machinery and equipment and vehicles 3-20 years - furniture, office equipment, equipment for the protection of 3-15 years for human and material assets and other tangible assets Depreciation methods estimated useful lives and residual values are reviewed by Group management at each reporting date. From the Group's history it has emerged that the residual value of the assets is insignificant and therefore the residual value is not taken into account when calculating depreciation. • Impairment An asset is impaired when its carrying amount exceeds its recoverable amount. At each reporting date, the Group shall review whether there is any indication of assets impair. If such indications are identified, the Group must estimate the recoverable amount of the asset. If the carrying amount of an asset is decreased as a result of a revaluation, that decrease shall be recognised in profit or loss. However, the reduction shall be recognised in other comprehensive income to the extent that the revaluation surplus shows a credit balance for that asset. The reduction recognised in other comprehensive income reduces the amount accumulated in equity as revaluation surplus. Land does not depreciate. Depreciation of other tangible assets is calculated, using the straight-line amortisation method, by allocating costs to the residual value in accordance with the related useful life. • Derecognition The carrying amount of an item of property, plant and equipment is derecognised (removed from the statement of financial position) on disposal or when no future economic benefits are expected from its use or disposal. Property, plant and equipment that are scrapped or sold are removed from the statement of financial position together with the related accumulated depreciation. The gain or loss arising from the derecognition of an item of property, plant and equipment is included in the current profit or loss when the item is derecognised.

Page 33 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) g) Investment property Investment property is immovable property (land, buildings or parts of a building) held by the Group for rental purposes or for appreciation in value or both, and not: - to be used for the production or supply of goods or services or for administrative purposes; or - to be sold in the normal course of business. Some property includes a part that is held for rental or appreciation purposes and another part that is held for the purpose of producing goods, rendering services or for administrative purposes. If these parts can be sold separately (or leased separately under a finance lease), they are accounted for separately. If the parts cannot be sold separately, the property is treated as investment property only if the part used for the production of goods, the provision of services or for administrative purposes is insignificant. • Recognition An investment property is recognised as an asset if and only if: - it is likely that a future economic benefit associated with the property investment will enter the Group; - the cost of the property investment can be reliably measured. • Assessment Initial assessment An investment property is initially assessed at cost, including transaction costs. The cost of a purchased investment property consists of its purchase price plus any directly attributable expenses (e.g. professional fees for the provision of legal services, fees for the transfer of ownership and other transaction costs). Subsequent evaluation The Group's accounting policy on the subsequent measurement of investment property is based on the fair value model. This policy is applied uniformly to all property investments. The valuation of the investment property fair value is carried out by evaluators who are members of the National Association of Valuers in Romania (ANEVAR). Fair value is based on quoted market prices, adjusted, if necessary, to reflect differences in the nature, location or condition of the asset. These assessments are regularly reviewed by the Group. Gains or losses arising from changes in the fair value of investment property are recognised in the income statement in the period in which they arise. The fair value of investment property reflects market conditions at the end of the reporting period. • Transfers Transfers in and out of investment property must be made when and only when there is a change in the use of the asset evidenced by: - commencement of use by the Group - for transfers from investment property to property, plant and equipment used by the Group;

Page 34 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) g) Investment property (continued) - starting of the felting-out pieces for sale - for transfers from the investment property category to the inventory category, accounted for in accordance with IFRS 5 „Non-current assets held for sale and discontinued operations”; - termination of use by the Group - for transfers from tangible fixed assets used by the Group to investment property; - the commencement of an operating lease with another party - for transfers from inventories to investment property. For the transfer of an investment property carried at fair value to property, plant and equipment, the asset's deemed cost for the purpose of its subsequent accounting shall be its fair value at the date of change in use. If an owner-occupied property becomes investment property that is carried at fair value, the Group applies IAS 16 Property, Plant and Equipment up to the date of change in use, and any difference from that date between the carrying amount of the property in accordance with IAS 16 and its fair value is to be treated as a revaluation in accordance with IAS 16. • Derecognition The carrying amount of an investment property is derecognised on disposal or when the investment is permanently retired and no future economic benefits are expected from its disposal. Gains or losses arising on the disposal of an investment property are recognised in profit or loss when it is sold or disposed of. h) Inventories Inventories are assets held for sale in the ordinary course of business, assets in the course of production to be sold in the ordinary course of business, or assets in the form of raw materials, materials and other consumables to be used in the production process or for the rendering of services. Inventories are measured at the lower amount between cost and net realisable value. The cost of inventories comprises all costs of purchase and processing and other costs incurred in bringing inventories to their present form and location. Net realisable value is the estimated selling price that could be obtained in the ordinary course of business less the estimated costs of completion and the estimated costs of making the sale. The cost of inventories that are not normally fungible and of goods and services produced for and destined for separate orders is determined by specific identification of individual costs. For inventories, the cost on exit is determined using the first-in, first-out (FIFO) method.

Page 35 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) i) Impairment of non-financial assets The carrying amount of the Group's non-financial assets, other than deferred tax assets, is reviewed at each reporting date for indications of impairment. If such indications exist, the recoverable amount of the assets concerned is estimated. An impairment loss is recognised when the carrying amount of the asset or its cash-generating unit exceeds the recoverable amount of the asset or cash-generating unit. A cash-generating unit is the smallest identifiable cash-generating group that is independent of other assets and other groups of assets. Impairment losses are recognised in the income statement. The recoverable amount of a cash-generating asset or cash-generating unit is the maximum of its value in use and its fair value less costs to sell that asset or unit. In determining net value in use, future cash flows are discounted using a pre-tax discount rate that reflects current market conditions and risks specific to the asset. Impairment losses recognised in prior periods are assessed at each reporting date to determine whether they have decreased or no longer exist. Impairment losses are reversed if there has been a change in the estimates used to determine the recoverable amount. Impairment loss shall be reversed only if the carrying amount of the asset does not exceed the carrying amount that would have been computed, net of depreciation and amortisation, if the impairment loss had not been recognised. j) Share capital The share capital consists of ordinary nominal shares of equal value, issued in dematerialised form and grants equal rights to their holders. k) Own shares The Group recognises on the transaction date own shares bought back as a decrease in equity, in the statement of financial position under "Own shares". Own shares are recorded at acquisition value and brokerage commissions and other costs directly related to the acquisition are recognised directly in equity in a separate account. Cancellation of own shares shall be carried out in accordance with the shareholders' approval, after fulfilment of all legal requirements. On cancellation, the balance of own shares is offset against share capital and other reserves. The cancellation of own shares may give rise to gains or losses, depending on the acquisition value of the own shares relative to their nominal value. Gains or losses on cancellation of own shares are recognised directly in equity in a separate account. l) Dividends to be distributed Dividends are treated as a profit distribution in the period in which they are declared and approved by the Ordinary General Shareholders Meeting. The profit available for distribution is the profit for the year in financial statements prepared in accordance with I.F.R.S.

Page 36 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) m) Dividends to be distributed Shareholders' rights to claim unpaid dividends are analysed by the Group's management on an annual basis. The decision to prescribe dividends is approved by the General Shareholders Meeting ("GSM") upon proposal of the Board of Directors, when the Group's management concludes that there will be no further cash outflows. At the time of write-off, the assigned amount is recorded in equity, in a separate account within retained earnings. n) Employee benefits • Short-term benefits Short-term employee benefits include wages, bonuses and social security contributions. Short-term employee benefit obligations are not discounted and are recognised in the income statement as the related service is rendered. Short-term employee benefits are recognised as an expense when the services are rendered. A provision is recognised for amounts expected to be paid as short-term cash bonuses or profit-sharing schemes when the Group has a present legal or constructive obligation to pay those amounts as a result of past service by employees and the obligation can be reliably estimated. In addition to salaries and other salary-related rights, according to the company contract (articles of association) and the collective labour agreement, Group directors, managers with a mandate contract and employees are entitled to receive bonuses (incentives) subject to the fulfilment of the net profit indicator established by the income and expenses budget approved by the General Shareholders Meeting ("GSM") for the current year, within the amount approved by the GSM approving the financial statements for that year. This obligation is first recognised in the profit or loss account in the period in which the profit is realised in the form of provisions for employee benefits. These bonuses (incentives) are distributed in the following year after their approval by the General Shareholders Meeting. • Defined contribution plans The Group makes payments on behalf of its employees to the Romanian state pension system, health insurance and labour insurance contribution in the course of normal business activity. All employees of the Group are members and have a legal obligation to contribute (through individual social security contributions) to the Romanian state pension and health system. The labour insurance contribution is recognised in the profit or loss for the period. The Group has no other additional obligations. The Group is not a member of any independent pension scheme and therefore has no further obligations in this respect. The Group is not engaged in any other post-retirement benefit scheme. The Group has no obligation to provide further services to former or current employees. • Long-term employee benefits The Group's net obligation in respect of long-term service benefits is the amount of future benefits that employees have earned in exchange for services rendered in the current and prior periods. The present value of the obligations arising from Collective Labour Contracts at Group level is not important, and as such the Group does not recognise these future costs as a provision in the financial statements.

Page 37 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) o) Share-based payment and stock option plan programmes The company recognises employee services in a share-based payment transaction when the services are actually rendered by the employees. The company recognises a corresponding increase in equity if employee services were received in an equity-settled share-based payment transaction. For share-based payment transactions settled in Company equity instruments, the services rendered and the corresponding increase in equity shall be measured directly at the fair value of the services rendered, unless the fair value cannot be reliably estimated. If the Company is unable to reliably estimate the fair value of the services rendered, the Company shall measure the value of those services and the corresponding increase in indirect equity, relative to the fair value of the equity instruments granted. In order to apply these requirements to transactions with employees and others rendering similar services, the Company is required to measure the fair value of the services received by reference to the fair value of the equity instruments granted, as it is generally not possible to reliably estimate the fair value of the services received. The fair value of those equity instruments shall be measured at the grant date. The granting of equity instruments is subject to the fulfilment of specific vesting conditions. Eligible persons, employees and other similar persons who have signed a deed of accession are entitled to exercise their option and acquire the corresponding number of reserved shares, if the following conditions are cumulatively met: • At least 12 months have passed since the date of signing the Act of Accession; • The eligible person has not terminated his/her professional employment relationship, in whatever form (individual employment contract or mandate/management contract) with the Company by the time of exercising the option, except in the case of individual employment/ mandate/management contracts concluded for a fixed period, as well as in the case of early retirement/ old age; • The eligible person has not committed any disciplinary offence between the date of signing the Act of Accession and the date of exercising the options; and • The KPIs, set in relation to the eligible person (where applicable, in conjunction with an overall maximum score of their individual performance assessment as reflected in the annual appraisal sheet of the employees / directors / managers) and the Company have been met. For the avoidance of doubt, if the professional relationship between the eligible person and the Company has ceased at any time prior to the date of exercise of the options, the eligible person is no longer entitled to exercise his/her options, except in the case of individual employment / mandate / management contracts concluded for a fixed term, as well as in the case of early retirement / old age. Vesting conditions other than market conditions shall not be taken into account in estimating the fair value of the shares or share options at the measurement date. Instead, vesting conditions shall be taken into account by adjusting the number of equity instruments included in measuring the transaction amount so that, in the end, the amount recognised for services rendered as consideration for equity instruments granted shall be based on the number of equity instruments that ultimately vest. Therefore, on a cumulative basis, no amount is recognised for services rendered if the employee and other similar service providers do not vest in the equity instruments granted because a vesting condition is not met, for example, the employee and other similar service providers do not complete the specified service period or a performance condition is not satisfied. The difference between the fair value of the equity instruments assessed at the grant date and the cost at which the Company obtains the equity instruments will be recorded at the vesting date through the accounting account – 1068 “Other reserves”.

Page 38 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) p) Dividend income Dividend income is recognised in profit or loss on the date when the right to receive such income is established. Dividend income is recorded gross including dividend tax, which is recognised as a current income tax expense. In the case of dividends received in the form of shares as an alternative to a cash payment, dividend income is recognised at the level of the cash that would have been received, corresponding to the increase in the related shareholding. The Group does not recognise dividend income on shares received free of charge when they are distributed pro rata to all shareholders. q) Revenue from contracts with customers Revenue from contracts with customers is recognised by the Group when or as it fulfils a performance obligation by transferring a good or service to a customer. An asset is transferred when or as the customer obtains control of that asset. For each identified performance obligation, the Group determines at the inception of the contract whether it will fulfil the performance obligation over time or at a specific point in time. If the Group does not fulfil a performance obligation at a specific time, the performance obligation is fulfilled at a specific time. The Group has analysed the main types of income by applying the 5-step method of IFRS 15 "Revenue from Contracts with Customers": Step 1: Identifying customer contracts; Step 2: Identifying the obligations arising from these contracts; Step 3: Determining the transaction price; Step 4: Allocating the transaction price to the obligations to be met; Step 5: Revenue recognition upon completion/as contractual obligations are fulfilled. The table below provides information on the nature and timing of the performance obligation, including significant payment terms for the main categories of revenue from contracts with customers:

Page 39 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) Type of product/service Nature and timing of the performance obligation, including significant payment terms Revenue recognition accounting policies Delivery of goods/products The customer obtains control of the product on the date of acceptance (being the date on which the customer obtains the ability to use the products and obtains all the benefits from them). The Group recognises a receivable because they represent the point at which the right to consideration becomes unconditional. Payment terms are generally 30-180 days from the date of invoice. The enforcement obligation is fulfilled at a specific point in time. Trade discounts granted to customers are based on their fulfilment of certain annual sales values. Returns are normally only accepted in exceptional cases. Revenue is recognised on the date of shipment to the customer or on the date of acceptance of the product by the customer. Revenue comprises the amount invoiced for the sale of products (excluding VAT) less trade discounts granted to customers. The Group does not adjust the price of transactions with a financial component by applying the practical exemption in IFRS 15 "Revenue from Contracts with Customers" paragraph 63. If the Group collects short-term advances from customers, or for revenue recognised, it does not adjust the amounts collected or revenue for the effects of a significant financing component, given that at contract inception it expects the period from transfer of goods to collection to be less than 1 year. Trade discounts granted to customers (including related provision expenses) are deducted from the proceeds from the sale of products. Revenue from the provision of services (rental of commercial premises) The services provided by the Group generally relate to the letting of commercial premises. Invoices for services are issued monthly for the period of provision of rental services. Invoices are generally payable within a maximum of 30 days from the date of provision of the services or in the month in which the services are provided. The enforcement obligation is fulfilled within one month. Revenue is recognised in the period in which the service is rendered. Revenue from tourism services The services provided by the Group are generally related to hotel letting. Invoices for services are issued at the end of the period of guest accommodation and restaurant services. Invoices are generally payable within a maximum of 30 days from the date of service or at the time of service. The enforcement obligation is fulfilled within a maximum of 1 month. Revenue is recognised in the period in which the service is rendered.

Page 40 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) r) Income tax Income tax for the year comprises current tax (including income tax relating to subsidiaries paying income tax under the Romanian Tax Code, applicable at 31 December 2024 and 31 December 2023) and deferred tax. Current income tax also includes tax on dividend income recognised gross. Income tax is recognised in profit or loss or other comprehensive income if the tax relates to capital items. The current tax is the tax payable on the profit realised in the current period, determined on the basis of the percentages applied at the reporting date and any adjustments for prior periods. For the year ended on 31 December 2024 and 31 December 2023, the profit tax rate was 16%, and the income tax rate was 1%. The tax rate on taxable dividend income at 31 December 2024 and 31 December 2023 was: 8% (for dividends paid by portfolio issuers with holdings of less than 10%) and 0% (for dividends paid by portfolio issuers with holdings of more than 10%, over a period of more than one year). On 23 May 2023, the International Accounting Standards Board issued the International Tax Reform - Pillar 2 Implementation Rules - Amendments to IAS 12 which clarifies that IAS 12 applies to taxes arising from tax legislation enacted to implement Pillar 2 as developed by the OECD (Organisation for Economic Co- operation and Development), including tax legislation implementing the local minimum tax. The group adopted these amendments. However, they are not yet applicable for current reporting, as the Group's consolidated revenues in 2024 were below the EUR 750 million threshold. In Romania, Pillar 2 has been transposed into domestic tax law by Law 431/2023, so companies/groups with a turnover of at least EUR 750 million operating in Romania will pay a minimum effective tax rate of 15%. The main rules include: - Income inclusion rule (IIR): applies when the additional tax is due in the jurisdiction of the MNE group's parent entity. - Under-taxed profit rule (UTPR): when the IIR is not applicable in the jurisdiction of the MNE group's parent entity, this rule imposes additional taxes in another low-tax jurisdiction. Deferred tax is determined by the Group using the balance sheet method for those temporary differences arising between the tax base of assets and liabilities and their carrying amount used for reporting purposes in the separate financial statements. Deferred tax is not recognised for the following temporary differences: initial recognition of goodwill, initial recognition of assets and liabilities arising from transactions that are not business combinations and that affect neither accounting profit nor taxable profit, and differences arising from investments in subsidiaries, provided they are not reversed in the foreseeable future. Deferred tax is calculated on the basis of the tax rates that are expected to apply to temporary differences when they are reversed, based on legislation in force at the reporting date or enacted at the reporting date and which will come into force at a later date. The deferred tax asset is recognised by the Group only to the extent that it is probable that future profits will be available against which the tax loss can be utilised. The claim is

Page 41 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) r) Income tax (continued) reviewed at the end of each financial year and is reduced to the extent that the related tax benefit is unlikely to be realised. Deferred tax assets and liabilities are offset only if there is a legal right to set off current tax assets and liabilities and if they relate to tax levied by the same taxation authority on the same taxable entity or on different taxation authorities that wish to settle current tax assets and liabilities on a net basis or the related assets and liabilities will be realised simultaneously. Additional taxes arising on the distribution of dividends are recognised on the same date as the obligation to pay the dividends. The global minimum income tax applies in Romania from 2024, following the transposition into local law of the EU Directive 2022/2523 on a global minimum level of taxation for multinational and large domestic groups of companies by Law 431/2023. s) Earnings per share The Group reports basic and diluted earnings per share for ordinary shares. Basic earnings per share is determined by dividing the profit or loss attributable to ordinary equity holders of the Group by the weighted average number of ordinary shares outstanding during the reporting period. Diluted earnings per share are determined by adjusting profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares for the dilutive effects of dilutive potential ordinary shares. ș) Segment reporting A segment is a distinguishable component of the Group that provides certain products or services (business segment) or provides products or services in a particular geographical environment (geographical segment) and is subject to risks and rewards that are different from those of the other segments. The Group is organised on the basis of one main business segment, its principal activity being the making of financial investments with the aim of increasing the value of shares in accordance with the regulations in force and the subsequent management of investment profits and the exercise of all related rights to the instruments invested. The other segments included in the presentation of the financial statements are: - Commercial and commercial lettings - which in aggregate has 9 subsidiaries, whose business is the letting of commercial and commercial premises. This segment has the highest share of investment property in the Group's total investment property investments, i.e. 91.96% as at 31 December 2024 (similar share as at 31 December 2023, 92.75%). The customers in this segment are commercial companies with which there are predominantly annual leases. - Food industry - mainly represented by Argus S.A., the parent company's ownership is 91.42% as at 31 December 2024 (91.42% as at 31 December 2023), whose contribution to the consolidation is 105.25 million lei net assets in 2024. Argus S.A. is active in the production of vegetable and animal oils and fats, having as its main activity the manufacture and commercialisation of crude and refined oils and fats, as well as sunflower fodder. - The Manufacture of instruments and devices for measuring, checking, testing and control segment - is a segment added for the first time in the presentation of the financial statements for the purpose of recognising the acquisition by

Page 42 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) ș) Segment reporting (continued) - the parent company during the financial year 2023, of the subsidiary Electromagnetica S.A. The ownership of the parent company at 31 December 2024 is 65.45% (65.45% at 31 December 2023). - Tourism Segment - is represented by 2 subsidiaries owning 2 hotels in the following locations: Târgoviște and Pucioasa. The hotels offer accommodation all year round. t) Contingent liabilities and assets Contingent liabilities and assets are potential obligations or assets that arise from past events and whose existence will be confirmed or disconfirmed by the occurrence of one or more uncertain future events not wholly within the control of the Group. The measurement of contingent liabilities and contingent assets inherently involves judgements and estimates about the outcome of future events. Contingent liabilities are not recognised in the financial statements. They are disclosed in the notes, except where the possibility of an economic benefit outflow is remote. Contingent assets are not recognised in the financial statements but are disclosed when an inflow of benefits is probable. ț) New standards and amendments New IFRS accounting standards and amendments to existing standards effective in the current year During the current year, the Group applied a number of amendments to IFRS Accounting Standards issued by the International Accounting Standards Board (IASB) that are mandatory for reporting periods beginning on or after 1 January 2024. Their adoption did not have a material impact on the disclosures and amounts reported in these financial statements. Standard Title Amendments to IAS 1 Classification of debt into short-term and long-term debt and long-term debt with financial indicators Amendments to IAS 7 and IFRS 7 Suppliers Finance Arrangements Amendments to IFRS 16 Lease liabilities in a sale and leaseback transaction New IFRS accounting standards and amendments to existing standards issued and adopted by the EU but not yet effective At the date of approving these financial statements, the Group has not applied the following amended IFRS accounting standards that have been issued but are not yet effective. Standard Title Effective date set by the IASB Amendments to IAS 21 Lack of Exchangeability 01 January 2025

Page 43 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) ț) New standards and amendments (continued) New IFRS accounting standards and amendments to existing standards issued, but not yet adopted by the EU Currently, IFRS as endorsed by the EU do not differ significantly from IFRS as endorsed by the International Accounting Standards Board (IASB), except for the following new standards and amendments to existing standards that have not been endorsed by the EU at the date of authorization of these Financial Statements: Standard Title EU stage of endorsement Amendments to IFRS 9 and IFRS 7 Amendments to the classification and measurement of financial instruments (effective date set by the IASB: 01 January 2026) Not yet adopted by the EU Amendments to IFRS 9 and IFRS 7 Contracts referencing nature-dependent electricity Not yet adopted by the EU Amendments to IFRS 1, IFRS 7, IFRS 9, IFRS 10 and IAS 7 Annual Improvements to IFRS Accounting Standards - Volume 11 (effective date set by the IASB: 01 January 2026) Not yet adopted by the EU IFRS 18 Presentation and disclosures in financial statements (effective date set by the IASB: 01 January 2027) Not yet adopted by the EU IFRS 19 Subsidiaries without public accountability: disclosures (effective date set by IASB: 01 January 2027) Not yet adopted by the EU IFRS 14 Deferral accounts related to regulated activities (effective date set by IASB: 01 January 2016) The European Commission has decided not to start the endorsement process of this interim standard and to wait for the final standard. Amendments to IFRS 10 and IAS 28 The sale of or contribution with assets between an investor and its associates or joint ventures and subsequent amendments (effective date has been postponed indefinitely by the IASB, but early application is permitted) The approval process has been postponed indefinitely pending finalisation of the research project on the equivalence method. The Group anticipates that the adoption of these new standards and amendments to existing standards will not have a material impact on the Group's financial statements in the future. Hedge accounting for a portfolio of financial assets and liabilities whose principles have not been approved by the EU remains unregulated. According to the Group's estimates, the use of hedge accounting for a portfolio of financial assets and liabilities in accordance with IAS 39: “Financial instruments: recognition and measurement would ” not significantly affect the financial statements if applied at the balance sheet date.

Page 44 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) ț) New standards and amendments (continued) BRIEF DESCRIPTION OF NEW STANDARDS AND AMENDMENTS TO EXISTING STANDARDS • IFRS 18 Presentation and Disclosures in Financial Statements issued by the IASB on 9 April 2024 will replace IAS 1 Presentation of Financial Statements. The standard introduces three sets of new requirements for companies to improve their financial performance reporting and to give investors a better basis for analysing and comparing companies. The main changes in the new standard compared to IAS 1 relate to: (a) the introduction of categories (operating, investing, financing, income tax and discontinued operations) and sub-totals defined in the profit or loss statement; (b) the introduction of requirements for improved aggregations and disaggregation; (c) the introduction of disclosures on Management Performance Measures (MPCs) in the notes to the financial statements. • IFRS 19 Subsidiaries without public accountability: disclosures issued by the IASB on 9 May 2024. The standard allows subsidiaries to provide restricted disclosures when applying IFRS Accounting Standard permit a subsidiary to provide reduced disclosure when applying IFRS Accounting Standards in the financial statements. IFRS 19 is optional for subsidiaries that are eligible and sets out the disclosure requirements for subsidiaries that have to apply it. • Amendments to IFRS 16 Leases - Lease liabilities in a sale and leaseback, issued by IASB on 22 September 2022. The amendments to IFRS 16 require the seller-lessee to subsequently measure lease liabilities arising from a leaseback transaction so that it does not recognise any gains or losses on the retained right of use. The new requirements do not prevent the seller-lessee from recognising in profit or loss gains or losses on the partial or full termination of a lease. • Amendments to IAS 1 Presentation of Financial Statements - Classification of Liabilities as Short- term and Long-term Liabilities issued by IASB on 23 January 2020, and Amendments to IAS 1 Presentation of Financial Statements - Long-term Liabilities with Financial Indicators issued by IASB on 31 October 2022. The amendments issued in January 2020 provide a more general approach to the classification of liabilities under IAS 1 based on contractual arrangements existing at the reporting date. The amendments issued in October 2022 clarify how conditions that an entity must satisfy within twelve months after the reporting period affect the classification of a liability and set the effective date for both amendments to annual periods beginning on or after 1 January 2024. • Amendments to IAS 7 Cash Flow Statements and IFRS 7 Financial Instruments: Disclosures - Supplier Financing Arrangements issued by IASB on 25 May 2023. The amendments add disclosure requirements as well as 'indicators' to the existing disclosure requirements for qualitative and quantitative disclosures about vendor financing arrangements. • Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates - Lack of Exchangeability issued by IASB on 15 August 2023. The amendments contain guidance for entities to specify when a currency is exchangeable and how to determine the exchange rate when it is not convertible.

Page 45 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) ț) New standards and amendments (continued) BRIEF DESCRIPTION OF NEW STANDARDS AND AMENDMENTS TO EXISTING STANDARDS (continued) • Amendments to IFRS 9 and IFRS 7 - Amendments to the classification and measurement of financial instruments issued by IASB on 30 May 2024. The amendments clarify the classification of financial assets that have environmental, social, corporate governance (ESG) and similar features. The amendments also clarify the date at which a financial asset or financial liability is derecognised and introduce additional disclosure requirements about investments in equity instruments designated at fair value through other comprehensive income and financial instruments that have contingent features. • Amendments to IFRS 9 and IFRS 7 – Contracts referring nature-depend electricity issued by IASB on 18 December 2024. The own-use requirements in IFRS 9 are amended to include factors that an entity shall take into account when applying IFRS 9:2.4 in contracts for the purchase and delivery of electricity from renewable sources for which the source of the electricity depends on natural conditions. The requirements for hedge accounting in IFRS 9 are amended to allow an entity that enters into a contract for renewable electricity from renewable sources that is dependent on natural conditions specified as the hedged item to designate a variable volume of forecast electricity transactions as the hedged instrument if specified criteria are met and to measure the hedged item using the same volume assumptions as those used for the hedged item. Amendments to IFRS 7 and IFRS 19 will introduce disclosure requirements for electricity contracts that are dependent on natural conditions with specified characteristics. • Amendments to IFRS 1, IFRS 7, IFRS 9, IFRS 10 and IAS 7 - Annual Improvements to IFRS Accounting Standards – Volume 11 issued by IASB on 18 July 2024. These amendments include clarifications, simplifications, corrections and modifications in the following areas: (a) hedge accounting adopted by a first-time adopter (IFRS 1); (b) gain or loss on derecognition (IFRS 7); (c) disclosure of the deferred difference between fair value and transaction price (IFRS 7); (d) the introduction and disclosures about credit risk (IFRS 7); (e) derecognition of lease liabilities by the lessee (IFRS 9); (f) the transaction price (IFRS 9); (g) the establishment of a 'de facto agent' (IFRS 10); (h) the cost method (IAS 7). • IFRS 14 Regulatory Deferral Accounts issued by IASB on 30 January 2014. This standard is intended to allow entities that are first-time adopters of IFRS, and that currently recognise deferral accounts related to regulated activities in accordance with their previous GAAP, to continue to do so upon transition to IFRS. • Amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures - Sale or Contribution of Assets between an Investor and its Associates or Joint Ventures issued by IASB on 11 September 2014. The amendments resolve the inconsistency between the requirements of IAS 28 and IFRS 10 and clarify that in a

Page 46 of 109 4. MATERIAL ACCOUNTING POLICIES (continued) ț) New standards and amendments (continued) BRIEF DESCRIPTION OF NEW STANDARDS AND AMENDMENTS TO EXISTING STANDARDS (continued) • transaction involving an associate or joint venture, gains or losses are recognised when the assets sold or contributed represent an enterprise. The material accounting policies applied in these financial statements are consistent with those in the Group's annual financial statements for the financial year ended on 31 December 2023 and comply with the provisions of Rule No. 39/2015 for the approval of Accounting Regulations in accordance with International Financial Reporting Standards, applicable to entities authorised, regulated and supervised by the Financial Supervisory Authority in the Financial Instruments and Investments Sector, as well as the Investor Compensation Fund, as amended and supplemented. 5. THE MANAGEMENT OF SIGNIFICANT RISKS The risk management policy comprises all the procedures necessary to assess exposure to the main categories of relevant risks that may have an impact on performance of the activity and the fulfilment of obligations under the regulatory framework. The risk management activity, an important component of the Group's business, covers both general and specific risks, as provided for by national and international legal regulations. The Group is or may be subject to financial risks arising from the work carried out to achieve the set objectives. The Group, according to the specific nature of its activity, is or may be subject to significant risks arising from the work carried out to achieve the set objectives. Managing significant risks involves providing the framework for identifying, assessing, monitoring and controlling these risks in order to keep them at an acceptable level in relation to risk appetite and the ability to mitigate or hedge these risks. Risk monitoring is carried out at each hierarchical level, with procedures for supervising and approving decision making limits. In its day-to-day activities, the Group may face both specific risks arising from its day-to-day operations and indirect risks arising from the conduct of operations and services in collaboration with other financial entities. The main risks identified in the Group's activity are: - market risk (price risk, currency risk, interest rate risk); - credit risk; - liquidity risk; - operational risk; - sustainability risk.

Page 47 of 109 5. THE MANAGEMENT OF SIGNIFICANT RISKS (continued) a) Market risk Market risk is the risk of incurring losses on on-balance sheet and off-balance sheet positions due to adverse market price movements (e.g. equity prices, interest rates, foreign exchange rates). The Group monitors market risk with the objective of optimising returns in relation to the associated risk in accordance with approved policies and procedures. From the Group's point of view, the relevant market risks are: price risk (position risk), foreign exchange risk, interest rate risk. The Group is exposed to the following market risks: • Price risk (position risk) Price (position) risk is generated by market price volatility, such as fluctuations in the market for financial instruments as a result of changes in market prices, changes caused either by factors affecting all instruments traded in the market (systemic component) or by factors specific to individual instruments or their issuers (non-systemic component). The Group monitors both the systemic component (general risk driven by macro-level factors) and the specific risk driven by the issuers' own activity, so that when price risks are not in line with internal policies and procedures, it acts accordingly by rebalancing the asset portfolio. Given the specific nature of the Group's business, price risk is a relevant risk for the Group. The Group also monitors the concentration of risk by business segment, which is disclosed as follows, for financial assets measured at fair value through profit or loss and financial assets designated at fair value through other comprehensive income: The market value of the listed shares portfolio (on BVB - regulated market, BVB-AeRO - alternative trading system) as at 31 December 2024 represents 99.79% of the total value of the managed equity portfolio (31 December 2023: 99.46%). As at 31 December 2024 and 31 December 2023, the Group has the following structure of assets subject to price risk: Portfolio structure Market value of the package 31.12.2024 Market value of the package 31.12.2023 Economic sectors with a weight in the the Group's value portfolio (in descending order): (lei) % (lei) % finance, banks 1,393,727,033 50.27 1,190,225,718 48.85 oil and gas resources and related services 520,330,251 18.77 437,241,738 17.95 financial intermediation 487,362,677 17.57 375,349,788 15.41 pharmaceutical industry 223,938,115 8.08 275,478,777 11.31 energy and gas transport 137,455,868 4.96 146,523,998 6.01 distribution, supply of electricity and energy services 5,740,754 0.21 6,056,319 0.25 electronics, electrical engineering industry 3,104,752 0.11 4,146,437 0.17 machine building and processing industry 956,010 0.03 1,265,965 0.05 Other 39,993 0.00 - - TOTAL 2,772,655,453 100.00 2,436,288,740 100.00

Page 48 of 109 5. THE MANAGEMENT OF SIGNIFICANT RISKS (continued) a) Market risk (continued) • Price risk (position risk) (continued) From the analysis of the data presented above, as at 31 December 2024, the Group held mainly shares in issuers operating in the financial sector, banks, with a share of 50.27% of the total portfolio, an increase compared to 31 December 2023, when in the same sector of activity it had a share of 48.85% (increase driven by capital market transactions and the appreciation in the fair value of portfolio holdings). • Foreign exchange risk Currency risk is the risk of loss arising from changes in foreign exchange rates. This risk shall cover all positions held by the Group in foreign currency deposits, financial instruments denominated in foreign currency, regardless of the holding period or the level of liquidity of those positions. The Group did not use derivative financial instruments during the reporting period to hedge against exchange rate fluctuations. As at 31 December 2024, foreign currency liquid assets amounted to 4,192,691 lei representing 0.89% of total liquid assets (31 December 2023: 4,754,657 lei representing 3.3% of total liquid assets). The Group also holds 80 fund units issued by FIA Agricultural Fund, with a total value of 1,025,389 lei (equivalent to 206,145.60 Euro). As the majority of the Group's assets are denominated in local currency, exchange rate fluctuations do not directly affect the Group's business. These fluctuations affect the valuation of investments such as fund units, foreign currency deposits and current account holdings. The Group carried out transactions during the reporting periods both in Romanian currency (Leu) and in foreign currency. The Romanian currency fluctuated against foreign currencies, the EURO and the USD. The Group did not enter into any exchange rate derivative transactions during the financial years presented. Cash in foreign currency at 31 December 2024 represents 0.13% (31 December 2023: 0.2%) of total financial assets, while foreign currency trade payables represent 0.01% of total financial liabilities (31 December 2023: 0.2%) of total financial liabilities, resulting in an insignificant currency risk at Group level. Investments in foreign currency bank deposits are constantly monitored and investment and disinvestment measures are taken according to the forecast evolution of the exchange rate. As at 31 December 2024, the market risk is within the approved risk limits for a medium risk appetite. The Group's financial assets and liabilities in lei and foreign currencies as at 31 December 2024 and 31 December 2023 are set out in the following table:

Page 49 of 109 5. THE MANAGEMENT OF SIGNIFICANT RISKS (continued) a) Market risk (continued) • Foreign exchange risk (continued) In LEI Book value at 31.12.2024 LEI EUR USD 31.12.2024 Financial assets Cash and cash equivalents 460,076,652 455,883,961 4,182,683 10,008 Deposits in banks 10,064,955 10,064,955 - - Financial assets at fair value through profit or loss 7,331,746 6,306,357 1,025,389 - Financial assets at fair value through other comprehensive income 2,765,323,707 2,765,323,707 - - Other financial assets at amortised cost 71,946,420 70,512,939 1,338,211 95,270 Total financial assets 3,314,743,480 3,308,091,919 6,546,283 105,278 Financial liabilities Loans 60,798,798 60,798,798 - - Dividends payable 50,737,191 50,737,191 - - Financial liabilities at amortised cost 29,182,343 29,171,712 10,631 - Total financial liabilities 140,718,332 140,707,701 10,631 - Net position 3,174,025,148 3,167,384,218 6,535,652 105,278 In LEI Book value at 31.12.2023 LEI EUR USD 31.12.2023 Financial assets Cash and cash equivalents 139,020,419 134,265,762 4,524,958 229,699 Deposits in banks 6,942,722 6,942,722 - - Financial assets at fair value through profit or loss 6,621,169 5,669,436 951,733 - Financial assets at fair value through other comprehensive income 2,429,667,571 2,429,667,571 - - Other financial assets at amortised cost 63,090,745 63,090,745 - - Total financial assets 2,645,342,626 2,639,636,236 5,476,691 229,699 Financial liabilities Loans 81,135,482 81,135,482 - - Dividends payable 51,080,777 51,080,777 - - Financial liabilities at amortised cost 31,976,914 31,631,362 345,552 - Total financial liabilities 164,193,173 163,847,621 345,552 - Net position 2,481,149,453 2,475,788,615 5,131,139 229,699

Page 50 of 109 5. THE MANAGEMENT OF SIGNIFICANT RISKS (continued) a) Market risk (continued) • Interest rate risk Interest rate risk is the current or future risk that profits and capital will be adversely affected by adverse changes in interest rates. The interest rate directly influences the income and expenses associated with variable interest-bearing financial assets and liabilities. Most of the portfolio assets are not interest-bearing. The interest rates applied to cash and cash equivalents are short-term at 31 December 2024. At Group level, the share of borrowed resources in the total company financing resources is not significant, with the exception of Argus S.A. Constanța as at 31 December 2024 and 31 December 2023. The Group monitors monetary policy developments in order to monitor effects that may influence interest rate risk. The Group did not use derivative financial instruments to hedge against interest rate fluctuations during the reporting period. In order to take advantage of interest rate volatility, to increase the flexibility of the cash allocation policy, the aim is to invest cash in monetary instruments mainly for a short term of up to 3 months. The following table summarises the Group's exposure to interest rate risk. In LEI Book value at 31 December 2024 < 1 month 1- 3 months 3-6 months* 6-12 months* >1 year no interest risk 31.12.2024 Financial assets Cash and cash equivalents 460,076,652 412,274,366 39,382,014 - - - 8,420,272 Deposits in banks 10,064,955 - 10,064,955 - - - - Financial assets at fair value through profit or loss 7,331,746 - - - - - 7,331,746 Financial assets at fair value through other comprehensive income 2,765,323,707 - - - - - 2,765,323,707 Other financial assets at amortised cost 71,946,420 - - - - - 71,946,420 Total financial assets 3,314,743,480 412,274,366 49,446,969 - - - 2,853,022,145 Financial liabilities Loans 60,798,798 50,268,226 10,530,572 - - - - Dividends payable 50,737,191 - - - - - 50,737,191 Financial liabilities at amortised cost 29,182,343 7,688,493 - - - - 21,493,850 Total financial liabilities 140,718,332 57,956,719 10,530,572 - - - 72,231,041 Net position 3,174,025,148 354,317,647 38,916,397 - - - 2,780,791,104

Page 51 of 109 5. THE MANAGEMENT OF SIGNIFICANT RISKS (continued) a) Interest rate risk (continued) In LEI Book value at 31 December 2023 < 1 month 1- 3 months 3-6 months* 6-12 months* >1 year no interest risk 31.12.2023 Financial assets Cash and cash equivalents 139,020,419 106,722,879 20,278,483 - - - 12,019,057 Deposits in banks 6,942,722 - - 6,942,722 - - - Financial assets at fair value through profit or loss 6,621,169 - - - - - 6,621,169 Financial assets at fair value through other comprehensive income 2,429,667,571 - - - - - 2,429,667,571 Other financial assets at amortised cost 63,090,745 - - - - - 63,090,745 Total financial assets 2,645,342,626 106,722,879 20,278,483 6,942,722 - - 2,511,398,542 Financial liabilities Loans 81,135,482 50,269 7,630,367 42,545,766 30,240,227 668,853 - Dividends payable 51,080,777 - - - - - 51,080,777 Financial liabilities at amortised cost 31,976,914 - - - - - 31,976,914 Total financial liabilities 164,193,173 50,269 7,630,367 42,545,766 30,240,227 668,853 83,057,691 Net position 2,481,149,453 106,672,610 12,648,116 (35,603,044) (30,240,227) (668,853) 2,428,340,851 * The net negative positions recorded in the 3-6 months and 6-12 months liquidity categories are impacted by Argus S.A.'s bank borrowings. They will be managed Argus and the Group, depending on the need for liquidities at that time. The Group's cumulative liquidity over 1 year is positive and consequently covers liquidity needs. b) Credit risk Credit risk is the present or future risk of losing profits and capital as a result of the debtor's failure to meet contractual obligations or its failure to meet those obligations. As at 31 December 2024, the banking sector exposure represents 44.18% of total assets, of which 33.22% represents the market value of shares held in Banca Transilvania and B.R.D.-Group Societe Generale, and 10.96% represents cash and cash equivalents held in banking institutions. The main elements of credit risk identified that may significantly influence the Group's business are: - the risk of not receiving dividends/interest from portfolio companies; - the risk of not receiving the contract value, in the case of trading activities and the sale of shares in closed-end companies; - risk arising from investments in bonds and/or other credit instruments; - settlement risk in the case of transactions in shares issued by listed companies; - risk of bankruptcy or insolvency.

Page 52 of 109 5. THE MANAGEMENT OF SIGNIFICANT RISKS (continued) b) Credit risk (continued) The indicators used to measure the risk of issuer insolvency are the following: exposure ratio to issuers with a high risk of bankruptcy (within the next 2 years), exposure ratio on unquoted assets, exposure ratio by sector of activity. Credit risk may affect the Group's business indirectly in the case of portfolio companies experiencing financial difficulties in meeting their dividend payment obligations. Given the diversity of the placements and the fact that most of them are made in stable and highly liquid entities in the market, this risk is greatly mitigated and properly managed by the Group. The Group may be exposed to credit risk through the holding of current accounts and bank deposits as well as from uncollected receivables. As for the companies' cash holdings, they are placed with several banks so that the risk of concentration is avoided. Bank deposits are made with banking institutions in Romania. As for the Group's cash and cash equivalents, it is mainly held by Eximbank Romania, which has a F3 rating, assimilated to the sovereign rating and Banca Transilvania. Fitch Ratings has reconfirmed its long- term rating on Banca Transilvania at F3. As a result of assessing the main elements of credit risk, as at 31 December 2024, the credit risk is within the approved risk limits for a medium risk appetite. In LEI Rating 31 December 2024 31 December 2023 EximBank Fitch: F3 (sovereign equivalent) 389,859,100 - Banca Transilvania Fitch: F3 41,314,445 85,916,402 B.R.D. - Group Societe Generale Moody's: Prime -2 499,695 2,210,207 Raiffeisen Bank Moody's: Prime -2 205,603 278,422 BCR Moody's: Prime -2 26,946,467 40,431,470 Garanti Bank Fitch: B 9,559,046 6,864,020 Vista Bank Unrated 231 212 CEC Bank Fitch: BB - 4,215 Treasury Fitch: BBB- (sovereign equivalent) 48,558 3,392,317 OTP Bank Moody's: Prime -2 1,645,041 6,740,792 Total cash at banks 470,078,186 145,838,057 Cash 63,421 125,084 Total current accounts and deposits, of which: 470,141,607 145,963,141 Cash and cash equivalents 460,076,652 139,020,419 Deposits in banks 10,064,955 6,942,722 Expected credit loss, of which related: - - Cash and cash equivalents - - Deposits in banks - - Total cash and cash equivalents and deposits in banks 470,141,607 145,963,141

Page 53 of 109 5. THE MANAGEMENT OF SIGNIFICANT RISKS (continued) b) Credit risk (continued) Financial assets at the amortized cost In LEI 31 December 2024 31 December 2023 Financial assets at the amortized cost 95,206,692 97,586,569 Expected credit loss (23,260,272) (34,495,824) Total financial assets at amortised cost 71,946,420 63,090,745 c) Liquidity risk Liquidity risk is the risk for a position in the Group's portfolio cannot be sold, liquidated or closed at limited cost within a reasonably short period of time. The Group seeks to maintain an adequate level of liquidity for its underlying obligations, based on an assessment of the relative liquidity of the market assets, taking into account the period required for liquidation and the price or value at which the assets can be liquidated, as well as their sensitivity to market risks or other external factors. The Group systematically monitors the liquidity profile of the asset portfolio, taking into account the contribution of each asset to liquidity, as well as significant contingent and other liabilities and commitments that the Group may have in relation to its underlying obligations. The liquidity risk related to payment obligations is very low, as the Group's current liabilities are covered by current account holdings and/or short-term deposits. As at 31.12.2024, the net negative positions recorded on the liquidity category between 3-6 months and 6-12 months are influenced by the loan due from Argus S.A. Constanta and will be managed by the respective company and the Group, depending on the liquidity needs at the time, by using the resources obtained from the current operating activity. As at 31 December 2024, the liquidity risk falls within the approved risk limits for a medium risk appetite.

Page 54 of 109 5. THE MANAGEMENT OF SIGNIFICANT RISKS (continued) c) Liquidity risk (continued) The structure of assets and liabilities in terms of liquidity is analysed in the following table: In LEI Book value at 31.12.2024 < 1 month 1- 3 months 3-6 months* 6-12 months* >1 year No predetermined maturity 31.12.2024 Financial assets Cash and cash equivalents 460,076,652 420,432,328 39,644,324 - - - - Deposits in banks 10,064,955 - 10,064,955 - - - - Financial assets at fair value through profit or loss 7,331,746 - - - - - 7,331,746 Financial assets at fair value through other comprehensive income 2,765,323,707 - - - - 2,765,323,707 Other financial assets at amortised cost 71,946,420 25,917,110 1,230,674 - 465,386 128,698 44,204,552 Total financial assets 3,314,743,480 446,349,438 50,939,953 - 465,386 128,698 2,816,860,005 Financial liabilities Loans 60,798,798 15,555 31,109 60,269,938 482,196 - - Dividends payable 50,737,191 4,304,852 - - - - 46,432,339 Financial liabilities at amortised cost 29,182,343 18,470,756 3,208,705 - 621,197 1,171,119 5,710,566 Total financial liabilities 140,718,332 22,791,163 3,239,814 60,269,938 1,103,393 1,171,119 52,142,905 Net position 3,174,025,148 423,558,275 47,700,139 (60,269,938) (638,007) (1,042,421) 2,764,717,100

Page 55 of 109 5. THE MANAGEMENT OF SIGNIFICANT RISKS (continued) c) Liquidity risk (continued) In LEI Book value at 31.12.2023 < 1 month 1- 3 months 3-6 months* 6-12 months* >1 year No predetermined maturity 31.12.2023 Financial assets Cash and cash equivalents 139,020,419 106,722,879 20,278,483 - - - 12,019,057 Deposits in banks 6,942,722 - - 6,942,722 - - - Financial assets at fair value through profit or loss 6,621,169 - - - - - 6,621,169 Financial assets at fair value through other comprehensive income 2,429,667,571 - - - - 2,429,667,571 Other financial assets at amortised cost 63,090,745 54,202,025 992,893 2,089,710 2,260,456 3,545,661 - Total financial assets 2,645,342,626 160,924,904 21,271,376 9,032,432 2,260,456 3,545,661 2,448,307,797 Financial liabilities Loans 81,135,482 50,269 7,630,367 42,545,766 30,240,227 668,853 - Dividends payable 51,080,777 12,547,438 - - - - 38,533,339 Financial liabilities at amortised cost 31,976,914 18,889,157 1,569,206 224,170 7,706,686 573,350 3,014,345 Total financial liabilities 164,193,173 31,486,864 9,199,573 42,769,936 37,946,913 1,242,203 41,547,684 Net position 2,481,149,453 129,438,040 12,071,803 (33,737,504) (35,686,457) 2,303,458 2,406,760,113 * The net negative positions recorded in the 3-6 months and 6-12 months liquidity categories are impacted by Argus S.A.'s bank borrowings. They will be managed Argus and the Group, depending on the need for liquidities at that time. The Group's cumulative liquidity over 1 year is positive and consequently covers liquidity needs over the 3-12 months period.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 56 of 109 5. THE MANAGEMENT OF SIGNIFICANT RISKS (continued) d) Operational risk Operational risk is the risk of loss resulting either from the use of inadequate or failed internal processes, people or systems or from external events, and includes legal risk. In the operational risk category, the following are tracked: - legal risk - a sub-category of operational risk which is the risk of loss as a result of both fines, penalties and sanctions to which the Group is liable in the event of non-application or faulty application of legal or contractual provisions and the fact that the contractual rights and obligations of the Group and/or its counterpart are not properly established; - compliance risk - the current or future risk of damage to profits, shareholders' equity or liquidity, which may lead to significant financial losses or damage the Group's reputation, as a result of a breach or non- compliance with the legal and regulatory framework, agreements, recommended practices or ethical standards applicable to its activities; - IT risk - is a sub-category of operational risk that refers to the risk caused by the inadequacy of IT strategy and policy, information technology and information processing, with reference to its manageability, integrity, controllability and continuity, or the inappropriate use of information technology; - money laundering and terrorist financing (ML/TF) risk - the inherent risk, i.e. the level of money laundering and terrorist financing risk before it is mitigated, in the sense of analysing the impact and likelihood of involvement of regulated entities in ML/TF operations. In order to assess the level of operational risk to which it is exposed, the Group works to identify and classify operational risk events into specific categories, allowing the most effective methods of control and mitigation of potential effects to be established. The Group aims to maintain an optimal level of own capital in order to develop the business and achieve its objectives. The Group's primary objective is business continuity with the aim of long-term growth in the value of assets under management. Taking into account the complexity of the Group's business, the volume of activity, the staff structure, the level of computerisation, the complexity of monitoring and control procedures and other intrinsic aspects of the Group's risk policy, the operational risk at Group level is within the risk appetite assumed. e) Sustainability risk Sustainability risk is an environmental, social or governance event or condition that, if it occurs, could cause an actual or potential material adverse effect on the value of the investment. Sustainability risks are integrated into the existing risk classification and management as they also affect the existing types of risk to which the Group is exposed in its activities. The Group incorporates sustainability risks into its decision- making process and also assesses relevant sustainability risks, i.e. those environmental, social or governance events or conditions which, were they to occur, could impact the Group. f) Capital adequacy The management's capital adequacy policy focuses on maintaining a strong capital base to support the continued development of the Group and the achievement of its investment objectives. The equity consists of share capital, reserves created, current result and retained earnings. As of 31 December 2024, the Parent company’s equity is 3,593,478,841 lei (31 December 2023: 3,003,737,547 lei). The Group is not subject to statutory capital adequacy requirements.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 57 of 109 6. FINANCIAL ASSETS AND LIABILITIES Accounting classifications and fair values The accounting values and fair values of financial assets and liabilities are presented as at 31 December 2024 as follows: In LEI Fair value through other comprehensive income Fair value through profit or loss Amortised cost Total book value Fair value Cash and cash equivalents - - 460,076,652 460,076,652 460,076,652 Deposits in banks - - 10,064,955 10,064,955 10,064,955 Financial assets at fair value through profit or loss 7,331,746 - - 7,331,746 7,331,746 Financial assets at fair value through other comprehensive income - 2,765,323,707 - 2,765,323,707 2,765,323,707 Other financial assets at amortised cost - - 71,946,420 71,946,420 71,946,420 Total financial assets 7,331,746 2,765,323,707 542,088,027 3,314,743,480 3,314,743,480 Loans - - 60,798,798 60,798,798 60,798,798 Dividends payable - - 50,737,191 50,737,191 50,737,191 Financial liabilities at amortised cost - - 29,182,343 29,182,343 29,182,343 Total financial liabilities - - 140,718,332 140,718,332 140,718,332 The accounting values and fair values of financial assets and liabilities are presented as at 31 December 2023 as follows: In LEI Fair value through other comprehensive income Fair value through profit or loss Amortised cost Total book value Value Fair Cash and cash equivalents - - 139,020,419 139,020,419 139,020,419 Deposits in banks - - 6,942,722 6,942,722 6,942,722 Financial assets at fair value through profit or loss - 6,621,169 - 6,621,169 6,621,169 Financial assets at fair value through other comprehensive income 2,429,667,571 - - 2,429,667,571 2,429,667,571

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 58 of 109 6. FINANCIAL ASSETS AND LIABILITIES (continued) Other financial assets at amortised cost - - 63,090,745 63,090,745 63,090,745 Total financial assets 2,429,667,571 6,621,169 209,053,886 2,645,342,626 2,645,342,626 Loans - - 81,135,482 81,135,482 81,135,482 Dividends payable - - 51,080,777 51,080,777 51,080,777 Financial liabilities at amortised cost - - 31,976,914 31,976,914 31,976,914 Total financial liabilities - - 164,193,173 164,193,173 164,193,173 For financial assets and financial liabilities held at amortised cost, the Group has estimated fair value to be equal to amortised cost given the low credit risk, short maturities and similar values based on observable inputs. 7. DIVIDEND INCOME Dividend income is recorded at its gross value. The applicable tax rates on dividends for the periods ended December 31, 2024, and December 31, 2023, were 8% (for dividends distributed by portfolio issuers in which holdings are below 10%) and 0% (for dividends distributed by portfolio issuers in which holdings exceed 10% and have been maintained for more than one year). Dividend income, primarily by contributors, breaks down as follows: In LEI 31 December 2024 31 December 2023 B.R.D.-GROUPE SOCIETE GENERALE S.A. 57,807,134 - OMV PETROM S.A. 42,649,108 49,450,967 BANCA TRANSILVANIA S.A. 35,255,663 32,491,707 ANTIBIOTICE S.A. 16,375,258 1,564,451 S.N.G.N. ROMGAZ S.A. 2,633,808 6,321,138 S.N.T.G.N. TRANSGAZ S.A. 1,362,542 2,726,203 BURSA DE VALORI BUCUREȘTI S.A. 1,076,682 893,795 HIDROELECTRICA S.A. 629,550 - C.N.T.E.E. TRANSELECTRICA S.A. 373,422 1,723,632 EVERGENT INVESTMENTS S.A. 268,031 263,276 DEPOZITARUL CENTRAL S.A. 160,918 79,091 ELBA S.A. 118,470 - Other 49,193 25,673 Total 158,759,779 95,539,933 8. INTEREST INCOME In LEI 31 December 2024 31 December 2023 Interest income on bank deposits 11,924,602 5,442,797 Total 11,924,602 5,442,797

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 59 of 109 9. INCOME FROM CLIENT CONTRACTS In LEI 31 December 2024 31 December 2023 Income from the sale of finished products 252,956,527 250,102,663 Income from the sale of goods 37,610,417 15,904,804 Income from renting commercial premises 45,914,687 33,558,212 Income from services rendered 17,421,569 8,434,296 Total 353,903,200 307,999,975 The Group's revenue from the sale of finished products and merchandise arises mainly from the sale of bottled refined oil, crude oil, bulk refined oil and crude oil. The majority of the Group's sales contracts are signed with clients in Romania at 31 December 2024 and 31 December 2023. The timing of revenue recognition from contracts with customers at 31 December 2024 and 31 December 2023 is as follows: In LEI in Lei 31.12.2024 31.12.2023 Proceeds from the sale of goods transferred at a point in time 257,661,764 256,036,962 Proceeds from sales of goods transferred over time 32,905,180 10,694,809 Proceeds from services transferred at a point in time 15,068,000 7,445,880 Proceeds from services transferred over time 48,268,256 33,822,324 Total 353,903,200 307,999,975 10. OTHER OPERATING INCOME In LEI 31 December 2024 31 December 2023 Other operating income 49,793,679 1,615,622 Income from subsidiaries/grants 42,259 1,980,984 Gains from the sale of subsidiaries after corporate income tax 12,984,284 - Other financial income 1,435,374 (222,298) Total 64,255,596 3,374,308 11. GAIN FROM THE BARGAIN PURCHASE OF SUBSIDIARIES On 15 November 2023, the Parent Company acquired 37.29% of the share capital of Electromagnetica S.A., thereby gaining control of the entity with a total ownership of 65.45%. At 31 December 2023, the consolidated financial statements include the identifiable assets acquired and liabilities assumed from the acquisition of Electromagnetica S.A. The business combination generated a gain on acquisition amounting to 154,850,032 lei, which the Group recognised and presented on the line "Gain from the acquisition of subsidiaries on favourable terms" in the Consolidated Statement of Profit or Loss and Other Comprehensive Income. The relevant provisions of IFRS 3 'Business Combinations' impose a number of requirements on companies acquiring control of other businesses. The requirements include determining whether and when control of the acquiree is obtained by the acquirer, the consideration transferred and the identifiable net assets acquired and also measuring the fair value of those identifiable net assets at the acquisition date.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 60 of 109 11. GAIN FROM THE BARGAIN PURCHASE OF SUBSIDIARIES (continued) Estimating fair value is complex and requires significant judgements in developing underlying forecasts and assumptions. As regards the above-mentioned acquisition, the fair value of the net identifiable assets acquired was estimated by a Purchase Price Allocation Report prepared by Darian DRS, authorised appraiser, A.N.E.V.A.R. corporate member. The fair value of net assets has been estimated based on the asset approach, i.e. the Adjusted Net Assets method, mainly using the following significant special assumptions as per the Purchase Price Allocation Report: 1) The subject matter of the valuation refers to the assets and liabilities that are the subject of the transaction, and comprise the following categories: Tangible Fixed Assets (land, buildings and equipment); Intangible Fixed Assets (acquired concessions, patents and licences); Financial Fixed Assets; Rights of use of assets leased; Receivables, inventories, advances; Cash in hand and accounts with banks; Trade payables, other payables, investment grants, provisions. 2) According to the information received from the Parent Company, there were no major events impacting the financial statements between the two reference dates (31.10.2023 - the date of the trial balance and 15.11.2023 - the transaction date). In the case of estimating the fair value of tangible fixed assets representing land, buildings and equipment, at the explicit request of the Parent Company, the valuation report for financial reporting as at 31.12.2023 prepared by Colliers Valuation and Advisory SRL for tangible fixed assets (land, buildings and equipment) based on the fixed assets register of Electromagnetica S.A. as at 31.10.2023 was made available to the appraiser Darian DRS. In their valuation, the following valuation techniques were used: the market approach - the market comparisons method for land, the income approach - the capitalisation of income method for buildings and the cost approach - the net replacement cost method for equipment and other fixed assets. Thus, the appraiser Darian DRS (A.N.E.V.A.R. authorised appraiser) included in the Purchase Price Allocation Report the fair values as at 31.12.2023 of the tangible fixed assets estimated by Colliers Valuation and Advisory S.R.L. and recorded by Electromagnetica S.A. as at 31.12.2023, considering that they reflect the fair value of the fixed assets at the transaction date. 3) For receivables and inventories, adjustments were made based on information received from Electromagnetica S.A. on the provisioning policies of these assets. In addition, before recognising a gain on acquisition, the Parent company reassessed whether it had correctly identified all assets acquired and liabilities assumed and reviewed the procedures used to measure the amounts to be recognised at the acquisition date for the net assets identified. The amounts recognised in respect of the identifiable assets acquired and liabilities assumed are set out in the table below:

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 61 of 109 11. GAIN FROM THE BARGAIN PURCHASE OF SUBSIDIARIES (continued) In Lei 15 November 2023 Financial assets 11,097,614 Inventory 19,508,358 Real estate investments 17,709,588 Property, plant and equipment 290,685,770 Intangible assets 602,248 Receivables and sundry debtors 51,798,065 Cash and cash equivalents 15,530,918 Trade liabilities (13,190,168) Other liabilities (33,700,583) Total identifiable assets acquired and liabilities assumed 360,041,810 Gain from acquiring subsidiaries on favourable terms (154,850,032) Non-controlling interests in the acquired entity (124,395,439) The market value of shares previously held by the Group in the acquired entity (45,382,175) Total market value 35,414,164 Compensated by Cash paid for control purchase 35,414,164 Total amount paid 35,414,164 Cash used in the acquisition of the subsidiary Cash paid for control purchase 35,414,164 Minus: Cash and cash equivalents balance purchased (15,530,918) 19,883,246

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 62 of 109 12. EXPENSES WITH SALARIES, ALLOWANCES AND RELATED EXPENSES In LEI 31.12.2024 31.12.2023 Number of beneficiaries Amount (lei) Number of beneficiaries Amount (lei) Fixed remuneration Board of Directors 43 3,606,424 50 3,436,334 Effective (senior) management 11 6,712,890 14 5,047,423 Control staff 11 654,780 4 1,501,852 Identified personnel whose actions have a significant impact on the A.I.F. risk profile. 4 2,294,508 4 1,576,383 Employees 574 52,341,978 793 34,542,503 Total fixed remuneration 65,610,580 46,104,495 Variable remuneration Board of Directors 14 1,333,225 26 2,362,384 Effective (senior) management 4 1,136,151 8 3,076,205 Control staff 4 262,872 4 242,340 Identified personnel whose actions have a significant impact on the A.I.F. risk profile. 4 410,937 4 860,414 Employees 345 2,325,457 122 1,515,465 Total variable remuneration 5,468,642 8,056,808 Benefits granted in equity instruments to employees - 3,065,370 - - Social and related contributions - 1,084,148 - 1,983,855 Insurance and social protection expenses - 1,455,148 - - Net expenses/income from provisions related to untaken holiday leave - (411,042) 1,661,915 Incentive provisions expenses - (3,062,174) - 301,880 Total salaries, allowances, contributions and related expenses - 73,210,671 - 58,108,953 31 December 2024 31 December 2023 Staff with mandate contract 18 27 Employees with higher education 144 308 Employees with secondary education 305 398 Employees with general education 127 75 Total 594 808 In the financial year ended on 31 December 2024, the average number of employees was 674 (31 December 2023: 808) and the number of employees registered at the end of 2024 was 576 (31 December 2023: 815). The Group makes payments to Romanian state institutions on account of its employees' pensions. All employees are members of the Romanian state pension plan. The present value of the obligations arising from Collective Labour Contracts at Group level is not important, and as such the Group does not recognise these future costs as a provision in the financial statements.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 63 of 109 13. EXPENSES WITH RAW MATERIALS, MATERIALS AND GOODS In LEI 31.12.2024 31.12.2023 Expenses with raw materials and materials 207,527,769 265,716,649 Expenses with goods 34,610,544 15,238,573 Total 242,138,313 280,955,222 14. OTHER OPERATING EXPENSES In LEI 31.12.2024 31.12.2023 Expenses with third-party services 28,254,532 16,585,807 Expenses with energy and water 20,739,244 15,866,017 Expenses with commission and fees 7,768,800 3,070,389 Expenses with taxes and duties 11,508,272 6,072,003 Protocol and publicity expenses 854,932 785,508 Impairment expenses on tangible fixed assets* 406,524 3,714,679 Other operating expenses 44,526,129 7,121,528 Total 114,058,433 53,215,931 * For better presentation, the Group has reclassified depreciation and amortization expenses for tangible and intangible assets into a separate line item, "Depreciation and Amortization Expenses," in the Consolidated Statement of Profit or Loss and Other Comprehensive Income. For comparability, the amount of RON 12,322,023 for the year 2023 has been reclassified under the line item "Depreciation and Amortization Expenses" in the Consolidated Statement of Profit or Loss and Other Comprehensive Income. For further details, please refer to Note 32. External service expenses include fees related to external financial audit, amounting to RON 1,779,050 for the one-year period ended December 31, 2024 (December 31, 2023: RON 1,075,130). 15. CORPORATE INCOME TAX In LEI 31 December 2024 31 December 2023 Current income tax Current income tax 3,667,173 1,308,453 Dividend tax (5%) 11,269,244 7,681,091 Corporate tax deferred Liabilities related to profit-sharing and other benefits 1,373,940 (167,338) Real estate investments and tangible fixed assets 4,070,608 (722,859) Other items (including tax loss impact) (398,147) - Provisions for risks and charges and other liabilities (147,626) - Total 19,835,192 8,099,347

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 64 of 109 15. CORPORATE INCOME TAX (continued) Profit before tax 133,550,032 163,611,306 Tax in accordance with Group tax rate (16%) 21,368,005 26,177,809 The effect on the corporate tax of: Non-deductible expenses 4,885,982 6,101,334 Non-taxable income (30,022,133) (41,911,266) Recognition of temporary differences on real estate investments and other items 4,898,775 8,856,662 Dividend tax (8%) 11,269,244 7,681,091 Other items 7,435,319 616,006 The effect of different tax rates - 577,711 Corporate income tax 19,835,192 8,099,347 16. CASH AND CASH EQUIVALENTS Cash and cash equivalents include: In LEI 31 December 2024 31 December 2023 Cash at hand 63,421 125,084 Current accounts with banks 7,975,744 11,893,972 Deposits in banks with an original maturity of less than 3 months 452,037,487 127,001,363 Cash and cash equivalents 460,076,652 139,020,419 Expected credit loss on current accounts and deposits in banks with a maturity of less than 3 months - - Total cash and cash equivalents 460,076,652 139,020,419 Current accounts opened with banks are at the Group's disposal at all times and are not restricted.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 65 of 109 17. FINANCIAL ASSETS • Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss as at 31 December 2024 and 31 December 2023 are presented as follows: In LEI Market value 31 December 2024 Market value 31 December 2023 - Fund units 7,331,746 6,621,169 Total 7,331,746 6,621,169 The category "Financial assets at fair value through the profit or loss account" includes the fund units owned by open investment funds: BT INDEX RO, FDI NAPOCA, FDI TRANSILVANIA, FDI TEHNOGLOBINVEST. In the first semester of 2023, the fund units of FIA AGRICULTURAL FUND were purchased for the amount of 986,100 lei. The value of these fund units in the Group's portfolio is shown at the net asset value of each fund on the last day of the month, information available on each fund's website. The buy-back of these fund units is carried out continuously without any buy-back conditions being imposed. Based on these characteristics, investments in fund units have been classified as level 1 investments. The movement in financial assets measured at fair value through other comprehensive income for the reporting periods ended 31 December 2024 and 31 December 2023 is shown in the following table: Movement Fair value of financial investments measured at fair value through profit and loss 2024 2023 1 January 6,621,169 4,475,075 Purchases - 986,100 Net change in fair value 710,577 1,159,994 31 December 7,331,746 6,621,169

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 66 of 109 17. FINANCIAL ASSETS (continued) • Financial assets at fair value through other comprehensive income As at 31 December 2024 and 31 December 2023, the structure of the Group's portfolio by traded market was as follows: In LEI 31 December 2024 31 December 2023 Shares measured at fair value through other comprehensive income 2,765,323,707 2,429,667,571 The Fair Value Movement related to financial investments measured at fair value through other comprehensive income 2024 2023 1 January 2,429,667,571 1,851,871,888 Purchases 74,040,879 34,822,996 Sales (342,517,680) (109,300,723) Change in fair value 604,132,937 684,096,428 Elimination of subsidiaries consolidation (65.45% ownership in 2023) - (31,823,018) 31 December 2,765,323,707 2,429,667,571 The Group's trading activity was aimed at implementing the investment strategy in order to ensure the necessary conditions for portfolio consolidation and rebalancing, taking into account the opportunities offered by the market and the need to comply with the prudential limits for alternative investment funds. The inflows of shares in 2024 totalled 74.04 million lei and mainly represent the purchase of shares on the capital market in Lion Capital S.A. (66.7 million lei), Bucharest Stock Exchange (5.99 million lei), Banca Transilvania (0.97 million lei) and subscriptions to share capital increase, respectively in CCP.RO Bucharest S.A. (0.38 million lei) The sale value of the shares in 2024 amounted to 342.52 million lei and represents the capital market sale value of the shares for the following issuers in the Group's portfolio: Antibiotice S.A. (291.5 million lei), C.N.T.T.E.E. Transelectrica S.A. (40.15 million lei), Banca Transilvania (7.63 million lei), Evergent (2.80 million lei), Biroul de Investiții Regional Oltenia S.A. (0.1 million lei) and Altur S.A. Slatina (0.03 million lei). Share inflows in 2023 amounted to 34.82 million lei and mainly represent the acquisition of shares from the capital market in Lion Capital S.A. (18.35 million lei), Antibiotice S.A. (9.28 million lei), Hidroelectrica S.A. (4.68 million lei), S.I.F. Muntenia S.A. (1.20 million lei) and CCP.RO Bucharest S.A. (1 million lei). The sale value of shares in 2023 was 109.30 million lei and represents the sale value on the capital market of shares in the following issuers from the Group's portfolio: Turism Felix S.A. (44.56 million lei), IAMU S.A. (18.84 million lei), Șantierul Naval Orșova S.A. (16.29 million lei), Turism Lotus Felix S.A. (9.05 million lei) Sinterom S.A. (7.37 million lei), Banca Transilvania (5.23 million lei), C.N.T.E.E. Transelectrica S.A. (4.25 million lei), Corealis S.A. (1.6 million lei), Tușnad Băile S.A. (1.29 million lei), Relee S.A. (0.49 million lei) and Antibiotice S.A. (0.33 million lei).

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 67 of 109 17. FINANCIAL ASSETS (continued) • Financial assets at fair value through other comprehensive income (continued) Sale decisions are reviewed by Group management and take place in the context of the Group identifying reasonable opportunities to maximise investment returns. Sales and acquisitions were made in accordance with the Group's internal decisions in line with the risk policy and investment strategy, with the aim of maximising returns and maintaining the weightings set by the risk and investment policy in the banking and energy sectors. The market value as at 31 December 2024 of the top 10 issuers in the Group's portfolio represents 99.49% of the total value of financial assets at fair value through other comprehensive income of the Group. Company Market value 31 December 2024 – LEI - Percentage - % - BANCA TRANSILVANIA S.A. 879,325,011 31.80 B.R.D.-GROUPE SOCIETE GENERALE S.A. 514,402,022 18.60 OMV PETROM S.A. 425,328,351 15.38 LION CAPITAL S.A. 289,261,964 10.46 ANTIBIOTICE S.A. 223,938,115 8.10 LONGSHIELD INVESTMENT GROUP S.A. 150,461,849 5.44 S.N.G.N. ROMGAZ S.A. 95,001,900 3.44 S.N.T.G.N. TRANSGAZ S.A. 91,327,807 3.30 C.N.T.E.E. TRANSELECTRICA S.A. 46,128,061 1.67 BURSA DE VALORI BUCUREȘTI S.A. 36,059,035 1.30 Total 2,751,234,115 99.49 Financial assets assessed at fair value through other comprehensive income elements 2,765,323,707 The market value as at 31 December 2023 of the top 10 issuers in the Group's portfolio represents 99.16% of the total value of financial assets at fair value through other comprehensive income of the Group. Company Market value 31 December 2023 – LEI - Percentage - % - BANCA TRANSILVANIA S.A. 695,693,303 28.63 B.R.D.-GROUPE SOCIETE GENERALE S.A. 494,532,416 20.35 OMV PETROM S.A. 344,642,610 14.18 LION CAPITAL S.A. 275,478,777 11.34 ANTIBIOTICE S.A. 196,578,783 8.09 S.I.F. MUNTENIA S.A. 118,108,653 4.86 S.N.G.N. ROMGAZ S.A. 92,599,129 3.81 S.N.T.G.N. TRANSGAZ S.A. 73,421,527 3.02 C.N.T.E.E. TRANSELECTRICA S.A. 73,072,295 3.01 BURSA DE VALORI BUCUREȘTI S.A. 45,388,574 1.87 Total 2,409,516,067 99.16 Financial assets assessed at fair value through other comprehensive income elements 2,429,667,571

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 68 of 109 17. FINANCIAL ASSETS (continued) • The hierarchy of fair values In calculating the fair value for equity instruments (shares), the Group uses the following hierarchy of methods: - Level 1: quoted (unadjusted) prices in active markets for identical assets and liabilities; - Level 2: inputs other than quoted prices included in Level 1 that are observable for assets or liabilities, either directly (e.g. prices) or indirectly (e.g. price derivatives); - Level 3: assessment techniques based largely on unobservable inputs. This category includes all instruments for which the assessment technique includes elements that are not based on observable data and for which unobservable input parameters may have a significant effect on the assessment of the instrument. 31.12.2024 In LEI Level 1 Level 2 Level 3 Total Financial assets measured at fair value through profit or loss 7,331,746 - - 7,331,746 Financial assets measured at fair value through other comprehensive income 2,759,456,719 - 5,866,988 2,765,323,707 Total 2,766,788,465 - 5,866,988 2,772,655,453 31.12.2023 In LEI Level 1 Level 2 Level 3 Total Financial assets measured at fair value through profit or loss 6,621,169 - - 6,621,169 Financial assets measured at fair value through other comprehensive income 2,420,589,156 - 9,078,415 2,429,667,571 Total 2,427,210,325 - 9,078,415 2,436,288,740 The fair value measurement of investments (equity instruments - shares) held at 31 December 202 was performed as follows: - for securities listed on an active market, the market value was determined by taking into account the quotation on the last trading day (closing quotation on the main stock market for those listed on the regulated market - BVB, respectively reference price for the alternative system - AeRO for level 1); - for securities listed without an active market or unlisted, the fair value was determined in accordance with International Assessment Standards based on a assessment report performed by an independent ANEVAR authorised appraiser, updated at least annually.

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 69 of 109 17. FINANCIAL ASSETS (continued) • Fair value hierarchy (continued) Fair value movement - Level 3 31 December 2024 31 December 2023 1 January 9,078,415 99,733,644 Purchases 384,080 1,000,000 Sales (314,561) (83,033,476) Net change in fair value (3,280,946) (8,621,753) 31 December 5,866,988 9,078,415

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 70 of 109 17. FINANCIAL ASSETS (continued) • Fair value hierarchy (continued) Financial assets Fair value at 31.12.2024 Assessment technique Unobservable input data, average values Relationship between unobservable inputs and fair value Unlisted minority participations 5,866,988 Equity approach - net book assets Book value of assets Book value of liabilities The higher the book value of the assets, the higher the fair value. The higher the book value of liabilities, the lower the fair value. Total 5,866,988 Financial assets Fair value at 31.12.2023 Assessment technique Unobservable input data, average values Relationship between unobservable inputs and fair value Unlisted minority participations 9,078,415 Equity approach - net book assets Book value of assets Book value of liabilities The higher the book value of the assets, the higher the fair value. The higher the book value of liabilities, the lower the fair value. Total 9,078,415

Page 71 of 109 17. FINANCIAL ASSETS (continued) • Fair value hierarchy (continued) Although the Group considers the fair value estimates as presented in these financial statements to be appropriate, the use of other methods or assumptions in the analysis and valuation could result in amounts that differ from those presented. For fair values recognised after using a significant number of unobservable inputs (Level 3), a change in one or more of the determinants in the analysis would have an effect on the overall result and the current result. A sensitivity analysis was performed on the value resulting from the assessment of equity investments by estimating risk variations on the main influencing factors. Both in 2023 and 2024, only one valuation technique was used for equity investments, namely the Equity Asset Approach - Adjusted Net Assets Approach and the Book Net Assets Approach, and the sensitivity analysis taking into account the change in fair value of assets and liabilities is shown below: Equity Asset approach - Adjusted Net Assets Method and Book Net Assets Method - both asset values and liability values have been modified by +/-5% (2023: +/-5%), resulting in per share and equity values of the company with a deviation from the standard value. These deviations from the standard value affect other items of comprehensive income (before tax). Modified hypothesis (Lei) Impact on other comprehensive income (before tax) 31 December 2024 Impact on other comprehensive income (before tax) 31 December 2023 Increase in the value of assets by 5% 293,349 451,921 Decrease in the value of assets by 5% (293,349) (451,921) From the information presented above, it can be seen that there is a direct relationship between the net asset value and the fair value, namely an increase/decrease in the net asset determines an increase/decrease in the fair value.

Page 72 of 109 17. FINANCIAL ASSETS (continued) • Fair value hierarchy (continued) Fair value revaluation reserves of financial assets at fair value through other comprehensive income, net of deferred tax 31 December 2024 31 December 2023 As at 1 January 953,527,939 369,357,208 Gross gain on reassessment of financial assets at fair value through other comprehensive income 604,132,937 684,096,428 Deferred tax relating to gain on reassessment of financial assets measured at fair value through other comprehensive income (54,529,955) (82,346,354) Net gain on reassessment of available financial assets at fair value through other comprehensive income 549,602,982 601,750,074 Gross deferred tax gain related to the transfer to retained earnings following the sale of financial assets (287,535,583) (18,276,557) Deferred tax relating to gain on reassessing financial assets measured at fair value through other comprehensive income transferred to retained earnings as a result of the sale of financial assets 4,429,161 697,214 Net deferred tax gain related to the transfer to retained earnings following the sale of financial assets (283,106,422) (17,579,343) At 31 December 1,220,024,498 953,527,939 18. OTHER FINANCIAL ASSETS AT AMORTISED COST In LEI 31 December 2024 31 December 2023 Trade receivables 47,291,979 90,327,712 Advances to suppliers 2,403,058 514,175 Receivables from sundry debtors 7,881,245 6,744,682 Shares purchased in Pool de Asigurare Împotriva Dezastrelor Naturale pending authorisation by the Financial Supervisory Authority* 37,630,410 - Total other financial assets at amortised cost - gross value 95,206,692 97,586,569 Minus expected credit loss 23,260,272 34,495,824 Total other financial assets at amortised cost 71,946,420 63,090,745 *Infinity Capital Investments S.A. acquired 15% of the share capital of Pool-ul de Asigurare Împotriva Dezastrelor (PAID) S.A. by participating in the public auction held on October 2, 2024, by Societatea Asigurare- Reasigurare Astra S.A., which is in bankruptcy, through its judicial liquidator, KPMG Restructuring S.P.R.L. Additionally, the subsidiary Gravity Capital Investments S.A. acquired 11% of the share capital of PAID S.A. following participation in two auctions organized by CITY INSURANCE S.A. and Carpatica Asig S.A.

Page 73 of 109 18. OTHER FINANCIAL ASSETS AT AMORTIZED COST (continued) Given that the Group has acquired a qualified holding in PAID S.A., an entity authorized by the Financial Supervisory Authority (A.S.F.), in accordance with A.S.F. Regulation No. 3/2016, the proposed acquisition of PAID S.A. shares was submitted for approval to the Financial Supervisory Authority. As of December 31, 2024, the approval process was still ongoing. In LEI 31 December 2024 31 December 2023 Trade and other accounts receivable - performance 71,946,420 63,090,745 Trade and other accounts receivable - impaired 23,260,272 34,495,824 Trade and other sundry accounts receivable - gross amount 95,206,692 97,586,569 Adjustments for expected credit losses on trade and other sundry accounts receivable - impaired 23,260,272 34,495,824 Total other financial assets at amortised cost 71,946,420 63,090,745 The age of receivables as at 31 December 2024 and 31 December 2023 is as follows: In LEI 31.12.2024 Expected credit loss Gross value Net book value Not overdue - 65,788,773 65,788,773 Overdue between 0 and 30 days - 3,914,685 3,914,685 Overdue between 31 and 60 days - 443,468 443,468 Overdue between 61 and 90 days - 432,835 432,835 Overdue between 91 and 180 days - 713,373 713,373 Overdue between 181 and 365 days 208,246 861,532 653,286 Overdue for more than 365 days 23,052,026 23,052,026 - Total 23,260,272 95,206,692 71,946,420 In LEI 31.12.2023 Expected credit loss Gross value Net book value Not overdue - 48,243,330 48,243,330 Overdue between 0 and 30 days - 14,847,415 14,847,415 Overdue between 31 and 60 days - - - Overdue between 61 and 90 days - - - Overdue between 91 and 180 days - - - Overdue between 181 and 365 days - - - Overdue for more than 365 days 34,495,824 34,495,824 - Total 34,495,824 97,586,569 63,090,745

Page 74 of 109 18. OTHER FINANCIAL ASSETS AT AMORTIZED COST (continued) The Group has analysed credit risk losses on receivables overdue for less than 365 days in accordance with the Group's policy and the impact on the consolidated financial statements is insignificant at 31 December 2024 and 31 December 2023. The changes in the balance of expected credit risk losses on trade and other sundry debtors receivables as at 31 December 2024 and 31 December 2023 are presented as follows: In LEI 31 December 2024 31 December 2023 As at 1 January 34,495,824 17,850,331 Constitution 1,851,210 5,501,398 Resume (6,879,992) (11,400,087) Transfer to assets classified as held for sale (92,187) - Reclassification from expected credit loss to the gross value of trade receivables (5,473,221) - Reduction as a result of the sale of subsidiaries (641,362) - Recognition of expected credit losses on receivables of the subsidiary acquired during the financial year - 22,544,182 At 31 December 23,260,272 34,495,824 19. INVENTORY In LEI 31 December 2024 31 December 2023 Raw materials and materials 38,066,933 67,547,457 Semi-finished products 15,438,628 13,438,697 Finished products 15,143,126 20,446,003 Undergoing production 18,600,716 2,064,672 Goods 288,375 318,239 Other stocks 1,996,487 - Impairment adjustments (14,547,605) (10,612,811) Total 64,986,660 93,202,257 Inventories are related to the production of sunflower oil and sunflower by-products, as well as merchandise and finite products or inventories required for the production of electrical and electronic equipment. A large part of the work in progress, respectively 8,037,070 lei as of December 31, 2024 and zero at December 31, 2023 relates to the real estate project developed by Flaros S.A., specifically the construction of a building with a structure of S+P+2+3-5 floors, located on the land at 105 Ion Minulescu Street, Sector 3, Bucharest. During 2024, the land and capitalized costs, with a cumulative value of 3,345,328 lei, were transferred from Property, Plant, and Equipment to Inventory (compared to no such transfer in 2023). The balance of adjustments for impairment losses at 31 December 2024 and 31 December 2023 mainly relates to inventories of Electromagnetica S.A. (14,330,237 lei at 31 December 2024 and 9,318,915 lei at 31 December 2023). Electromagnetica S.A. was included in the Consolidation Group during 2023.

Page 75 of 109 20. REAL ESTATE INVESTMENTS In LEI 31 December 2024 31 December 2023 Balance at 1 January 371,130,831 308,971,502 Changes in fair value 1,286,682 - Purchases 4,795,258 19,900,222 Acquisitions of subsidiaries - 23,569,292 Sales of subsidiaries (33,436,966) - Transfers from/to tangible fixed assets 341,762 18,689,815 Transfers from/to stocks (3,345,328) - Balance at 31 December 340,772,239 371,130,831 The Group has no mortgages on real estate investments as at 31 December 2024 and 31 December 2023 respectively. The fair value hierarchy is Level 3 for investment property The last revaluation of investment property held was carried out as at 31 December 2022 for most of the companies, except for Electromagnetica and Argus for which a valuation report was prepared at 31 December 2024. Differences in revaluation have been recorded in the profit and loss account. The revaluation was carried out by an authorised appraiser, namely Neoconsult Valuation S.R.L., ANEVAR corporate member as at 31 December 2022 and Darian DRS, ANEVAR corporate member as at 31 December 2024. Regarding the market value of real estate investments estimated at 31 December 2022, which was maintained at 31 December 2024 - an analysis of market data published in 2024 by real estate companies was carried out, indicating that no significant changes were recorded in the input data used in calculating the market value of real estate investments - rents, occupancy rates, capitalization rates, unit values of land, used in applying the valuation methods. Real estate investments arising from the acquisition of subsidiaries are at fair value, being valued at the acquisition date by an ANEVAR authorised assessor. In their valuation, the following valuation techniques were used: the market approach - the market comparisons method for land, the income approach - the capitalisation of income method for buildings and the cost approach - the net replacement cost method for equipment and other fixed assets. Given that the inputs used in the valuation of most land and buildings in the Group's portfolio at 31 December 2022 have not changed significantly in the market during 2023 and 2024, the net carrying amount of real estate investments at 31 December 2023 and 31 December 2024 is considered to be an estimate of the fair value at the reporting date. Three valuation techniques have been used in estimating their market value at 31 December 2022, namely: the market approach - market comparisons method, the income approach - income capitalisation method and the cost approach - net replacement cost method: 1. Market Approach - The market comparisons method uses benchmarking, i.e. estimating value by analysing the market to find similar properties and then comparing these properties to the one being valued. The method assumes that the market value of a property is directly related to the offer/trade prices of comparable properties, with the comparative analysis based on the similarities and differences between properties and how these influence value.

Page 76 of 109 20. REAL ESTATE INVESTMENTS (continued) The fair value hierarchy is Level 3 for investment property (continued) The method is a global approach, applying information gathered by monitoring the supply-demand balance in the market as reflected in the media or other credible sources of information. It is based on the unit value resulting from transactions with similar or comparable properties in a satisfactorily comparable area or areas. In this method there is a direct relationship between the market price and the resulting value, the higher the price of comparable properties, the higher the resulting value, the lower the price of comparable properties, the lower the resulting value. The method was used mainly for land, the average price taken into account in the valuation being 169 EUR/sqm with a minimum of 2 EUR/sqm and a maximum of 781 EUR/sqm. In the case of buildings, the price varied between 97 EUR/sqm and 2,128 EUR/sqm. 2. Income approach under the direct capitalisation method, the value of the property is determined on the basis of the property's ability to generate positive cash flows that ultimately remain with the owner. The monthly gross operating income and related expenses are determined and the net cash flow is then discounted at a rate that represents the return expected by investors in the context of similar risks associated with ownership. Similar to the net discounted cash flow valuation method, there is a direct relationship between the cash flows expected to be generated and the assessed amount and an inverse relationship between the discount rate and the assessed amount - as the expected cash flows increase or the discount rate decreases, the assessed amount increases, as the expected cash flows decrease or the discount rate increases, the assessed amount decreases. The method has been used for commercial buildings, with the net rent considered in the valuation methodology (after deduction of property-related expenses) varying between EUR 1,7/sqm/month and EUR 8,55/sqm/month, depending on location and facilities. The capitalisation rate considered in the valuation was also in the range of 8-11%. 3. Cost Approach - The net replacement cost method (net of depreciation) is used when there is either no evidence of transaction prices for similar properties or no identifiable income stream, actual or theoretical, that would accrue to the owner and involves establishing the market value of the property by estimating the costs of constructing a new property with the same utility or adapting an old property to the same use without construction/adaptation time costs. For the assessed buildings, the replacement cost was estimated using the guide "Reconstruction costs - replacement costs, industrial, commercial and agricultural buildings. Special Constructions" - Corneliu Șchiopu - Iroval Publishing House Bucharest, 2010, updated with 2022-2023 indices. Depreciation was estimated using the segregation method, whereby each cause of depreciation was analysed separately, quantified and then applied to the reconstruction cost. There is a direct relationship between the estimated costs and the resulting value - as the estimated construction costs increase, the revalued value increases, as the estimated costs decrease, the revalued value decreases. There is an inverse relationship between the estimated depreciation and the resulting value - as depreciation increases, the revalued amount decreases, as depreciation decreases, the revalued amount increases. The average net replacement cost taken into account in the valuation (after depreciation) ranged between 363 EUR/ square metre and 646 EUR/ square metre.

Page 77 of 109 20. REAL ESTATE INVESTMENTS (continued) The fair value hierarchy is Level 3 for investment property (continued) The review of the fair values obtained from the independent appraisers in made within each Group company by an independent committee that reviews and approves the fair values to be reported by each Group company at the end of each reporting period. For undivided plots, a combination of the income approach and the cost approach (residual method) was used since there are no comparable properties - the total property value was determined by the income method and to determine the value of the land, the net replacement cost of construction was subtracted from the total property value. The resulting value for these plots varied between 3 EUR/sqm and 9,240 EUR/sqm depending on the location. Real estate investments Fair value at 31 December 2024 Fair value at 31 December 2023 Assessment technique Land 163,262,202 161,454,294 Market approach Construction 9,544,854 1,033,344 Market approach Construction 24,101,537 36,831,742 Income-based approach Construction 114,048,826 90,238,563 Cost-based approach Land 25,719,631 19,413,558 Residual method Land (acquisitions during the financial year) - 7,455,750 Market approach Buildings (purchases during the financial year) 3,753,427 12,444,472 Income Approach, Market Approach, Income approach Transfers from tangible fixed assets during the financial year 341,762 18,689,815 Cost approach, Market approach, Income approach Investment property from the acquisition of subsidiaries - 23,569,292 Cost approach TOTAL 340,772,239 371,130,831

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 78 of 109 21. TANGIBLE ASSETS Gross book value 01 January 2024 Additions Transfer to assets for sale Transfers / Cancellations Transfer to real estate investments Other transfers Reversal of accumulated depreciation at assessment date Reassessment gains Reassessment decreases 31 December 2024 Property, plant and equipment Land 216,993,216 - (1,929,981) (9,463,474) (1,598,420) - (59,468) 26,790,696 (4,667,560) 226,065,009 Construction 230,166,382 63,700 (10,842,899) (27,551,075) (18,909) (408,860) (20,960,696) 53,478,312 (10,092,713) 213,833,242 Equipment 91,809,483 894,248 (1,981,743) (12,569,677) - 127,014 - - - 78,279,325 Means of transport 17,420,470 367,612 (3,040,395) (1,066,742) - 914,666 - - - 14,595,611 Other tangible assets 4,800,815 201,451 (266,684) (783,330) - 439,342 - - - 4,391,594 Tangible assets in progress 2,669,475 1,020,709 (1,019,811) - - (1,275,986) - - - 1,394,387 Total 563,859,841 2,547,720 (19,081,513) (51,434,298) (1,617,329) (203,824) (21,020,164) 80,269,008 (14,760,273) 538,559,168 Accumulated amortisation and impairment 01 January 2024 Expenses during the year Transfer to assets for sale Transfers/Reversal Transfer to real estate investments Other transfers Reversal of accumulated depreciation at assessment date Provision for impairment of tangible fixed assets Reversal of provision for impairment of tangible fixed assets 31 December 2024 Property, plant and equipment Land (*) 3,714,679 124,663 - - - - (59,468) - (3,714,679) 65,195 Constructions (**) 11,432,706 14,547,420 (951,140) (886,879) - - (20,960,696) 1,752,764 - 4,934,175 Equipment 71,538,921 5,277,130 (4,708,192) (7,529,956) - - 2,636,284 (81,531) 67,132,656 Means of transport 10,884,353 1,381,018 - (448,971) - - - - 11,816,400 Other tangible assets 4,363,741 670,857 (222,975) (756,535) - - - (186,316) 3,868,772 Assets in progress - - (1,019,811) - (1,273,978) - - - (2,293,789) Total, of which: 101,934,400 22,001,088 (6,902,118) (9,622,341) (1,273,978) - (21,020,164) 4,389,048 (3,982,526) 85,523,409

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 79 of 109 21. TANGIBLE ASSETS (continued) Accumulated amortisation and impairment 01 January 2024 Expenses during the year Transfer to assets for sale Transfers/Reversal Transfer to real estate investments Other transfers Reversal of accumulated depreciation at assessment date Provision for impairment of tangible fixed assets Reversal of provision for impairment of tangible fixed assets 31 December 2024 Amortisation for property, plant and equipment 94,310,732 22,001,088 (4,664,794) (9,622,341) - - (21,020,164) - - 81,004,521 Impairment of property, plant, and equipment 7,623,668 - (2,237,324) - (1,273,978) - - 4,389,048 (3,982,526) 4,518,888 Net book value property, plant and equipment 461,925,441 453,035,759 Gross book value 01 January 2023 Additions Acquisitions of subsidiaries Transfers/Reversal Transfer to real estate investments Other transfers 31 December 2023 Property, plant and equipment Land 78,414,793 - 157,971,181 (386,392) (18,689,815) (316,551) 216,993,216 Construction 110,741,610 2,389,254 116,525,179 (124,946) - 635,285 230,166,382 Equipment 76,088,794 1,137,249 15,202,091 (618,651) - - 91,809,483 Means of transport 14,299,218 536,543 1,711,529 (397,390) - 1,270,570 17,420,470 Other tangible assets 3,504,924 288,219 1,174,632 (143,755) - (23,205) 4,800,815 Tangible assets in progress 1,566,099 1,450,788 1,218,687 - - 1,566,099 2,669,475 Total 284,615,438 5,802,053 293,803,299 (1,671,134) (18,689,815) - 563,859,841 Accumulated amortisation and impairment 01 January 2023 Expenses during the year Acquisitions of subsidiaries Transfers/Reversal Transfer to real estate investments Other transfers 31 December 2023 Property, plant and equipment Land (*) - - 3,714,679 - - - 3,714,679 Constructions (**) 1,867,802 8,519,836 1,171,230 (126,162) - - 11,432,706 Equipment 65,905,819 4,341,215 1,291,887 - - - 71,538,921 Means of transport 10,275,991 854,082 - - - (245,720) 10,884,353 Other tangible assets 1,797,664 2,320,357 - - - 245,720 4,363,741 Total 79,847,276 16,035,490 6,177,796 (126,162) - - 101,934,400 Property, plant and equipment 204,768,162 461,925,441

FOND DE INVESTIȚII ALTERNATIVE DESTINAT INVESTITORILOR DE RETAIL (F.I.A.I.R.) Număr registru A.S.F.: PJRO09FIAIR/160001/08.06.2021 Page 80 of 109 21. TANGIBLE ASSETS (continued) (*) The amount of 3,714,679 lei represents the depreciation in value of land acquired from Electromagnetica S.A. (**) In the financial statements for 2022 the amount of 1,867,802 lei representing the depreciation related to the buildings has been presented as a separate line - "Depreciation in value.". Tangible fixed assets at 31 December 2023 included assets purchased through a government subsidy by Electromagnetica S.A. and used in the licensed activity at one of the micro-hydropower plants located in Brodina, Suceava county. The remaining value of the investment at 31 December 2023 was 5,516,713 lei of which the subsidised value was 3,920,651 lei. During 2024, the micro-hydropower plant was sold and the related subsidies were fully recognised as subsidy income at the time of the sale of the asset. The fair book value of pledged fixed assets are disclosed in Note 23 “Loans”. .

Page 81 of 109 21. FIXED ASSETS (continued) The last revaluation of the land and buildings owned was carried out on 31 December 2022 for most of the companies by an authorised valuator, namely Neoconsult Valuation S.R.L., ANEVAR corporate member. For the companies Electromagnetica S.A., Procetel S.A., Argus S.A. and Comcereal S.A., a revaluation of land and buildings at 31 December 2024 and the establishment of new useful lives for buildings has been carried out. The revaluation was drawn up by out by a certified assessor, namely Darian DRS S.A. an ANEVAR corporate member. Revaluation differences have been recognised within equity. Three valuation techniques were used in estimating the market value at 31 December 2022 and 31 December 2024 of land, buildings and special constructions, namely: - the market approach - the market comparison method, - the income approach - capitalisation of income method and - cost approach - net replacement cost method. For those companies for which the revaluation at 31 December 2022 has not been updated, market data published by real estate companies during 2024 has been analysed. The analysis of this data reveals that no significant changes were recorded in the input data - rents, occupancy rates, capitalization rates, unit values of land, used in the application of these methods. Given that the inputs used in the valuation of the land and buildings in the Group's portfolio at 31 December 2022 have not changed significantly in the market during 2022- 2024, the net carrying amount at 31 December 2024 is considered to be an estimate of the fair value at the reporting date. Other tangible fixed assets are stated at cost, except for the accumulated depreciation. Tangible assets resulting from the acquisition of subsidiaries are at fair value, being valued at the acquisition date by an authorized ANEVAR appraiser. In their valuation, the following valuation techniques were used: the market approach - the market comparisons method for land, the income approach - the capitalisation of income method for buildings and the cost approach - the net replacement cost method for equipment and other fixed assets. The fair value hierarchy is Level 3 for land and buildings. The other categories of tangible assets are presented at cost, less accumulated depreciation and impairment. At 31 December 2022, three valuation techniques were used in their estimation, namely: 1. Market Approach - The market comparisons method uses benchmarking, i.e. estimating value by analysing the market to find similar properties and then comparing these properties to the one being valued. The method assumes that the market value of a property is in directly relationship to the trading prices of comparable properties, with benchmarking based on the similarities and differences between properties and how these influence value. The method is a global approach, applying information gathered by monitoring the supply-demand balance in the market as reflected in the media or other credible sources of information. It is based on the unit value resulting from transactions with similar or comparable properties in a satisfactorily comparable area or areas. In this method there is a direct relationship between the market price and the resulting value, the higher the price of comparable properties, the higher the resulting value, the lower the price of comparable properties, the lower the resulting value. The method was used mainly for land, the average price taken into account in the valuation being 15 EUR/sqm with a minimum of 1 EUR/sqm and a maximum of 1,553 EUR/sqm. In the case of the buildings for which this method was used, the price considered varied between 412 and 2.053 EUR/sqm with an average of 685 EUR/sqm.

Page 82 of 109 21. FIXED ASSETS (continued) 2. Income Approach - Two evaluation methods were used in this approach: 2.1. Valuation based on discounted net cash flows – The cash flows expected to be generated by an asset or business (FCFF) are discounted to their present value, using a rate of return that reflects the relative risk of the investment, as well as the time value of money (WACC). This rate is based on the individual rates of return on invested capital (equity and interest-bearing debt) and consists of the individual levels of return for each asset. This rate is calculated by weighting the cost of interest-bearing debt and equity capital in proportion to their estimated share in an estimated capital structure. Cash flow projections are made for a limited period (usually 5 years). The residual value, which represents the value of the business after the explicit forecast period, was estimated by capitalising the profit at the end of the forecast period. The capitalisation rate has been estimated from the discount rate by deducting the annual growth rate (long-term growth rate - g). This method includes a direct relationship between the estimated FCFF level and the resulting value, the higher the price of comparable properties, the higher the resulting value, the lower the price of comparable properties, the lower the resulting value. This method has been mainly used for asset valuation in hotel companies, with forecasts taking into account the specificities of each hotel establishment. This method includes a direct relationship between the estimated rate of return and the resulting value, the higher the price of comparable properties, the higher the resulting value, the lower the price of comparable properties, the lower the resulting value. The discount rate used in the valuations of hotel companies ranged from 10.98% to 14.96%. This method includes a direct relationship between the long-term growth rate (g) and the resulting value, the higher the price of comparable properties, the higher the resulting value, the lower the growth rate properties, the lower the resulting value. The long-term growth rate used in the valuations of hotel companies varied between 2.5% and 3.5%. 2.2. Valuation using the direct capitalization method – The value of the property was determined based on the property's ability to generate positive cash flows that ultimately remain at the owner's disposal. The monthly gross operating income and related expenses are determined and the net cash flow is then discounted at a rate that represents the return expected by investors in the context of similar risks associated with ownership. As with the net discounted cash flow valuation, there is a direct relationship between the cash flows expected to be generated and the assessed amount and an inverse relationship between the discount rate and the assessed amount - as the expected cash flows increase or the discount rate decreases, the assessed amount increases, as the expected cash flows decrease or the discount rate increases, the assessed amount decreases. The projected cash flows have taken into account an occupancy rate between 65% and 85%, and the capitalisation rate considered in this approach has ranged between 9.5% and 11%. 3. Cost Approach - The net replacement cost method (net of depreciation) is used when there is either no evidence of transaction prices for similar properties or no identifiable income stream, actual or theoretical, that would accrue to the owner and involves establishing the market value of the property by estimating the costs of constructing a new property with the same utility or adapting an old property to the same use without construction/adaptation time costs. For the assessed buildings, the replacement cost was estimated by using the guide "Reconstruction costs - replacement costs, industrial, commercial and agricultural buildings. Special Constructions" - Corneliu Șchiopu - Iroval Publishing House Bucharest, 2010, updated with 2022-2023 indices.

Page 83 of 109 21. FIXED ASSETS (continued) Depreciation was estimated using the segregation method, whereby each cause of depreciation was analysed separately, quantified and then applied to the reconstruction cost. There is a direct relationship between the estimated costs and the resulting value - as the estimated construction costs increase, the revalued value increases, as the estimated costs decrease, the revalued value decreases. There is an inverse relationship between the estimated depreciation and the resulting value - as depreciation increases, the revalued amount decreases, as depreciation decreases, the revalued amount increases. The total depreciation considered in the valuation was in the range 25 - 95%. The average net replacement cost considered in the appraisal ranged from 697 to 756 EUR/ square metre, but separately, for buildings certain improvements are also considered at a specific cost not allocated by area. For undivided plots, a combination of the income approach and the cost approach (residual method) was used since there are no comparable properties - the total property value was determined by the income method and to determine the value of the land, the net replacement cost of construction was subtracted from the total property value. The resulting value for these plots varied between 25 and 6,051 EUR/sqm depending on the location. Property, plant and equipment Fair value at 31.12.2024 Fair value at 31.12.2023 Assessment technique Land, excluding transfer to investment property 217,936,667 59,022,035 Market approach, Residual method Construction 132,912,707 105,247,528 Market Approach, Income Approach, Cost Approach Other tangible assets 102,186,385 10,030,374 Cost approach Land obtained through acquisition of subsidiaries - 157,971,181 Market approach Constructions obtained through acquisition of subsidiaries - 115,353,949 Income approach, Cost approach Other fixed assets obtained through acquisition of subsidiaries - 14,300,374 Cost approach TOTAL 453,035,759 461,925,441 22. ASSETS AND LIABILITIES OF THE GROUP HELD FOR SALE, CLASSIFIED AS HELD FOR SALE The Board of Directors of Infinity Capital Investments S.A. has decided to sell its shares in the subsidiaries Complex Hotelier Dâmbovița S.A. and Construcții Feroviare Craiova S.A. within the Group, considering that their financial performance is modest compared to other investments made by Infinity Capital Investments S.A., with margins fluctuating significantly from year to year. In the first two months of 2024, these subsidiaries reported revenue declines and increased expenses compared to 2023. In this regard, the Group announced its intention and initiated an active program to identify a buyer for Complex Hotelier Dâmbovița S.A. on January 11, 2024, and for Construcții Feroviare Craiova S.A. on March 28, 2024.

Page 84 of 109 22. ASSETS AND LIABILITIES OF THE GROUP HELD FOR SALE, CLASSIFIED AS HELD FOR SALE (continued) The sale is in line with the Group's long-term strategy to focus its activities on the other subsidiaries of the Group. These holdings, which are expected to be sold within 12 months, have been classified as assets held for sale and are presented separately in the financial position statement as of December 31, 2024. It is anticipated that the proceeds from the sale will exceed the carrying amount of the related net assets, and consequently, no impairment losses have been recognized upon classifying these operations as held for sale. The main classes of assets and liabilities comprising the operations classified as held for sale are as follows: Complex Hotelier Dâmbovița S.A. In lei 31 December 2024 Assets classified as held for sale Cash and cash equivalents 679,632 Other financial assets at amortized cost 63,650 Inventory 32,150 Fixed assets 10,242,089 Other assets 48,427 Income tax receivables 258 Total assets classified as held for sale 11,066,206 Liabilities directly associated with assets classified as held for sale Dividends payable (1) Financial liabilities at amortized cost (93,682) Other liabilities (253,750) Current income tax liabilities (460) Total liabilities directly associated with assets classified as held for sale (347,893) Construcții Feroviare Craiova S.A. In lei 31 December 2024 Assets classified as held for sale Cash and cash equivalents 1,447,128 Other financial assets at amortized cost 48,465 Fixed assets 1,936,691 Other assets 86,895 Total assets classified as held for sale 3,519,179 Liabilities directly associated with assets classified as held for sale Financial liabilities at amortized cost (19,492) Other liabilities (272,263) Total liabilities directly associated with assets classified as held for sale (291,755) Total assets of the group classified as held for sale 14,585,385 Total liabilities of the group directly associated with assets classified as held for sale (639,648)

Page 85 of 109 23. LOANS At 31 December 2024 and 31 December 2023, the Group's borrowings are mainly located on subsidiaries and banking units as follows: Company Bank Curr ency Interest rate Final deadline Balance on 31 December 2024 Argus S.A. Banca Transilvania LEI Robor 1M + 1 % 05.08.2025 3,268,680 Argus S.A. Banca Transilvania LEI Robor 1M + 1 % 26.08.2025 46,999,546 Argus S.A. B.R.D. – Group Societe Generale LEI Robor 3M + 1.9 % 24.06.2025 4,861,719 Argus S.A. B.R.D. – Group Societe Generale LEI Robor 3M + 1.9 % 16.12.2025 5,000,000 Argus S.A. B.R.D. – Group Societe Generale LEI Robor 3M + 1.9 % 24.06.2028 668,853 Company Bank Currency Interest rate Final deadline Balance on 31 December 2023 Argus S.A. Banca Transilvania LEI Robor 1M + 1 % 27.08.2024 65,951,289 Argus S.A. Banca Transilvania LEI Robor 1M + 1 % 4.08.2024 5,241,813 Argus S.A. B.R.D. – Group Societe Generale LEI Revolving 24.06.2025 4,500,000 Argus S.A. B.R.D. – Group Societe Generale LEI Revolving 16.12.2025 4,552,156 Argus S.A. B.R.D. – Group Societe Generale LEI Rural Invest 24.06.2028 890,224 At 31 December 2024 the Group had other commitments as follows: - non-cash guarantee grant in the amount of 10,000,000 lei granted by BCR to Electromagnetica S.A. for issuing letters of guarantee, of which 3,614,105 lei were not used at 31.12.2024. In order to guarantee this non-cash agreement, Electromagnetica S.A. has constituted a collateral deposit in the amount of RON 10,000,000. At 31 December 2023 the Group had other commitments as follows: - credit line for working capital financing up to a maximum amount of 10,000,000 lei and a ceiling for issuing bank guarantees ("SGB") up to a maximum amount of 2,000,000 lei, facilities granted by OTP Bank to Electromagnetica S.A. at an interest rate of Robor 3M + 2.21%, maturing on 17.05.2025. The facilities were not drawn at 31 December 2023. - non-cash guarantee agreements in the amount of 10,000,000 lei granted by BCR to Electromagnetica S.A. of which 1,247,792 lei were not used.

Page 86 of 109 23. LOANS (continued) Guarantees The collateral provided for loans and non-cash facilities was as follows: The year 2024: The Argus S.A. loans are secured by mortgages on fixed assets and land with a net book value of 26,114,916 lei at 31 December 2024, inventories totalling 50,134,109 lei and receivables totalling 8,125,074 lei. The year 2023: The Argus S.A. loans are secured by mortgages on fixed assets with a net book value of 21,109,791 lei at 31 December 2023 and inventories totalling 73,550,234 lei. The Group's drawings and repayments on loans at 31 December 2024 and 31 December 2023 are as follows: 31 December 2024 31 December 2023 Long-term bank loans 890,224 3,444,464 Opening balance Withdrawals - 98,762 Reindorsments (221,371) (2,653,002) Closing balance 668,853 890,224 31 December 2024 31 December 2023 Short-term bank loans Opening balance 80,245,258 157,293,395 Withdrawals 156,270,226 155,948,829 Reindorsments (176,385,539) (232,996,966) Closing balance 60,129,945 80,245,258 Total loans 60,798,798 81,135,482 24. DIVIDEND PAYABLE In LEI 31 December 2024 31 December 2023 Dividend payable for 2022 472,388 479,012 Dividend payable for 2021 4,304,852 4,396,599 Dividend payable for 2020 7,100,744 7,411,724 Dividends payable for 2019 14,556,897 14,653,427 Dividend payable for 2018 21,075,092 21,091,389 Dividend payable for 2017 319,699 448,733 Dividend payable for 2016 410,826 414,640 Dividend payable for 2015 593,189 596,370 Dividend payable for 2014 484,031 492,337 Dividend payable for 2013 1,000,210 644,644 Dividends for previous years 419,263 451,902 Total dividend payable 50,737,191 51,080,777

Page 87 of 109 25. FINANCIAL LIABILITIES AT AMORTISED COST In LEI 31 December 2024 31 December 2023 Suppliers 18,152,431 19,605,057 Advances from customers 3,341,418 3,078,013 Other financial liabilities at amortised cost 7,688,494 9,293,844 Total 29,182,343 31,976,914 26. OTHER LIABILITIES In LEI 31 December 2024 31 December 2023 Liabilities to the state budget 720,864 3,713,648 Employee-related liabilities 2,386,422 16,354,888 Other liabilities 11,338,584 7,158,090 Total 14,445,870 27,226,626 27. PROVISIONS FOR RISKS AND CHARGES In LEI 31 December 2024 31 December 2023 As at 1 January 3,765,054 3,108,189 Expenses 1,177,759 656,865 Reversal (1,846,282) - At 31 December 3,096,531 3,765,054

Page 88 of 109 28. DEFERRED CORPORATE TAX LIABILITIES Deferred corporate tax liabilities are determined by the following items: 31 December 2024 In LEI Assets Liabilities Net Taxable effect Tangible fixed assets - revaluation 556,169,238 - 550,698,507 88,111,761 Real estate investments - revaluation - - - - Financial assets at fair value through other comprehensive income - revaluation 1,200,548,764 - 1,200,548,764 192,087,802 Impairment of inventories (14,342,470) - (14,342,470) (2,294,795) Impairment on other assets at amortised cost (trade receivables) (21,941,163) - (21,941,163) (3,510,586) Provisions - 922,662 (922,662) (147,626) Employee benefits (bonus pay, untaken holidays) - 7,889,247 (7,889,247) (1,262,280) Other capital items 7,553,286 - 7,553,286 1,208,526 Tax loss from subsidiary Argus (4,857,975) - (4,857,975) (777,276) Total 1,723,129,680 8,811,909 1,714,317,771 274,290,843 Deferred income tax liabilities 274,290,843

Page 89 of 109 28. DEFERRED CORPORATE TAX LIABILITIES (continued) 31 December 2023 In LEI Assets Liabilities Net Taxable effect Tangible fixed assets - revaluation 233,516,563 - 233,516,563 37,362,650 Real estate investments - revaluation 227,985,125 - 227,985,125 36,477,620 Financial assets at fair value through other comprehensive income - revaluation 882,371,300 - 882,371,300 141,179,408 Impairment of inventories (7,201,113) - (7,201,113) (1,152,178) Impairment on other assets at amortised cost (trade receivables) (16,867,163) - (16,867,163) (2,698,746) Employee benefits (bonus pay, untaken holidays) - 16,476,375 (16,476,375) (2,636,220) Other capital items - (20,244,732) 20,244,732 3,239,157 Tax loss from subsidiary Argus (5,563,731) - (5,563,731) (890,197) Total 1,314,240,981 (3,768,357) 1,318,009,338 210,881,494 Deferred income tax liabilities 210,881,494

Page 90 of 109 28. DEFERRED CORPORATE TAX LIABILITIES (continued) Deferred corporate tax liabilities are determined by the following items: 31 December 2024 In LEI Balance at 01 January 2024 (Income)/expense through the profit or loss account Transfer as a result of the sale of subsidiaries Reclassifications (Income)/expense through other elements of comprehensive income Balance at 31 December 2024 Tangible fixed assets - revaluation 37,362,650 3,816,066 (5,208,148) 36,732,162 16,284,348 88,111,761 Investment property - revaluation 36,477,620 254,542 - (36,732,162) - - Financial assets at fair value through other comprehensive income - revaluation 141,179,408 - (530,309) - 51,438,703 192,087,802 Impairment of inventories (1,152,178) (1,142,617) - - - (2,294,795) Impairment on other assets at amortised cost (trade receivables) (2,698,746) (811,840) - - - (3,510,586) Provisions - (147,626) - (147,626) Employee benefits (bonus pay, untaken holidays) (2,636,220) 1,373,940 - - - (1,262,280) Other capital items 3,239,157 1,556,311 - - (3,586,942) 1,208,526 Tax loss from subsidiary Argus (890,197) - - - 112,921 (777,276) Total 210,881,494 4,898,776 (5,738,457) - 64,249,030 274,290,843

Page 91 of 109 28. DEFERRED CORPORATE TAX LIABILITIES (continued) 31 December 2023 In LEI Balance at 01 January 2023 (Income)/expense through the profit or loss account (Income)/expense through retained earnings (acquisition of subsidiaries) (Income)/expense through other comprehensive income Balance at 31 December 2023 Tangible fixed assets - revaluation 21,153,826 - - 16,208,824 37,362,650 Real estate investments - revaluation 36,477,620 - - - 36,477,620 Financial assets at fair value through other comprehensive income - revaluation 58,833,054 - - 82,346,354 141,179,408 Impairment of inventories - - (1,152,178) - (1,152,178) Impairment on other assets at amortised cost (trade receivables) (2,600,676) - (98,070) - (2,698,746) Employee benefits (bonus pay, untaken holidays) (2,340,389) (295,831) - - (2,636,220) Other capital items 3,239,157 - - - 3,239,157 Tax loss from subsidiary Argus - - - (890,197) (890,197) Total 114,762,592 (295,831) (1,250,248) 97,664,981 210,881,494

Page 92 of 109 28. DEFERRED CORPORATE TAX LIABILITIES (continued) In LEI 31 December 2024 31 December 2023 Deferred tax claims (7,992,563) (7,377,341) Deferred tax liabilities 282,283,406 218,258,835 Deferred tax balance (liability) 274,290,843 210,881,494 29. CAPITAL AND RESERVES • Share capital The share capital, according to the Company's Articles of Association, has a value of 47,500,000 lei, is divided into 475,000,000 shares with a nominal value of 0.1 lei per share and is the result of direct subscriptions made to the Company's share capital and by the conversion into shares of the amounts due as dividends under Law no. 55/1995 and under Law no. 133/1996. Additional details on the Parent Company's Share Capital can be found in its individual financial statements. The share capital according to the Articles of Association of the Parent Company is: In lei 31 December 2024 31 December 2023 Statutory registered capital 47,500,000 50,000,000 At 31 December 2024 the number of shareholders of the Parent Company is 5,722,897 (31 December 2023: 5,725,640), whose structure is as follows: Number of shareholders Number of shares Amount (lei) (%) 31 December 2024 Individuals 5,722,746 204,507,413 20,450,741 43% Legal entities 151 270,492,587 27,049,259 57% Total 31 December 2024 5,722,897 475,000,000 47,500,000 100% Number of shareholders Number of shares Amount (lei) (%) 31 December 2023 Individuals 5,725,467 207,333,918 20,733,392 41% Legal entities 173 292,666,082 29,266,608 59% Total 31 December 2023 5,725,640 500,000,000 50,000,000 100%

Page 93 of 109 29. CAPITAL AND RESERVES (continued) • Legal reserves As required by law, the Group constitutes legal reserves amounting to 5% of the realised profit in accordance with the applicable accounting regulations up to the level of 20% of the share capital as set out in the articles of association. Legal reserves cannot be distributed to shareholders. At 31 December 2024 the legal and statutory reserves amount to 39,649,807 lei (31 December 2023: 40.233,147 lei), of which legal reserves amount to 33,258,734 lei (31 December 2023: 33,842,074 lei). • Reserves from revaluating financial assets at fair value through other comprehensive income This comprises the cumulative net changes in the fair values of financial assets measured at fair value through other comprehensive income from the date of their classification in this category until derecognition or impairment. Reserves from the assessment of financial assets measured at fair value through other comprehensive income are recorded net of related deferred tax and amount to 1,220,024,498 lei as at 31 December 2024 (31 December 2023: 953,527,939 lei). Deferred tax relating to these reserves is recognised in equity and deducted from reserves from the assessment of financial assets at fair value through other comprehensive income. • Other reserves In lei 31 December 2024 31 December 2023 Other reserves - own sources of financing 643,117,514 657,744,821 Other reserves - created following the application of Law No 133/1996* 144,636,073 144,636,073 Other reserves 130,018,540 123,349,706 Total 917,772,127 925,730,600 * The reserve related to the initial portfolio was established following the application of Law no. 133/1996, as the difference between the value of the portfolio contributed and the value of the share capital subscribed to the Company. These reserves are assimilated to a contribution premium. • Own shares Resolution no. 4 of the Extraordinary General Shareholders Meeting of Infinity Capital Investments S.A. dated 30 September 2024, approved the execution of a share buy-back programme by the Company for a maximum number of 45,000,000 own shares (nominal value 0.1 lei/share), representing 9.4737% of the share capital, in order to reduce the share capital by cancelling the bought-back shares. The public tender offer approved by the Financial Supervisory Authority by Decision no. 1123/06.11.2024 closed on 25.11.2024. By Resolution of the Extraordinary General Shareholders Meeting of Lactate Natura S.A. dated 29 November 2023, was approved the withdrawal from trading on the multilateral trading system administered by the Bucharest Stock Exchange of the shares issued by Lactate Natura S.A. and their delisting from the F.S.A. At this meeting, the procedure for withdrawing from the company of the shareholders who do not agree with the EGSM resolution to withdraw the shares issued by the company from trading was also approved. In this regard, a number of 102,197 shares were bought back (nominal value 1.25 lei/share), in order to reduce the share capital by cancelling the bought back shares.

Page 94 of 109 29. CAPITAL AND RESERVES (continued) • Own shares (continued) The structure of own shares bought-back for the years 2024 and 2023 is as follows: In lei 31 December 2024 31 December 2023 Own shares bought-back at cost 116,266,129 62,500,000 Quota paid to the Financial Supervisory Authority for own shares bought-back 1,125,000 625,000 Brokerage commission for own shares bought-back 308,812 234,480 Other fees 70,894 13,293 Total 117,770,835 63,372,773 • Benefits granted in equity instruments to employees Resolution no. 8 of the Infinity Capital Investments S.A. Extraordinary General Shareholders Meeting dated 27.04.2023 approved the Stock Option Plan programme for buying-back own shares by the Company for free distribution to directors, executives and employees. The parent company's Board of Directors met on 13.03.2024 and approved to offer 1,937,888 shares free of charge to the company's directors, officers and employees under a Stock Option Plan. As part of the program, in the period 25.03.2024-20.06.2024, the parent company bought back 1,857,361 shares representing 0.3715% of the share capital, the total buy-back amount at 31 December 2024 being 3,513,994 lei. The transfer of ownership of the Reserved Shares will be made in accordance with the legal rules applicable to listed companies in Romania. Benefits granted in equity instruments to employees Grant date Number of shares Price/share Programme assessed value Amount recognised on the line Expenses with salaries, allowances and similar expenses” in 2024 Stock Option Plan Programme approved by the E.G.S.M. on 27.04.2023 18.03.2024 1,857,361 2.09164 3,884,931 3,065,370 • Dividends During the financial period ended 31 December 2024, the Group did not declare dividends payable ( 31 December 2023 - lei).

Page 95 of 109 30. NON-CONTROLLING INTERESTS Minority interest in the equity of consolidated companies is presented as follows: In LEI 31 December 2024 31 December 2023 As at 1 January 170,134,007 74,885,218 (Loss)/Profit attributable to non-controlling interests (4,948,252) (4,037,432) Reserves from revaluation of tangible fixed assets attributable to non- controlling interests 14,023,570 (6,381,819) Revaluation reserves on equity instruments measured at fair value through other comprehensive income, net of deferred tax (644,307) 779,296 Minority interest related to the acquisition of subsidiaries during the year - 123,160,722 Changes in Group structure (9,492,925) (18,271,979) At 31 December 169,072,093 170,134,007 The Group's subsidiaries that have significant ownerships are Argus S.A. and Electromagnetica S.A. at 31 December 2024 and 31 December 2023. The elements of the balance sheet, profit or loss account and comprehensive income and cash flows of Argus S.A. as at 31 December 2024 and 31 December 2023 that have been consolidated by the Group, before intra-Group eliminations, are presented as follows: Information from the financial position statement ARGUS S.A. 31 December 2024 31 December 2023 Assets Cash and cash equivalents 6,561,971 7,256,835 Financial assets at fair value through other comprehensive income 1,409,204 1,409,205 Other financial assets at amortised cost 14,733,486 22,417,059 Inventory 49,576,293 74,353,802 Real estate investments 1,397,075 2,251,680 Property, plant and equipment 121,945,913 118,141,593 Other assets 267,931 121,877 Current income tax claims 379,751 380,796 Total assets 196,271,624 226,332,847 Liabilities Loans 60,798,798 81,135,482 Dividends payable 419,263 - Financial liabilities at amortised cost 10,520,779 5,607,425 Other liabilities 3,904,775 3,483,557 Provisions for risks and charges 922,700 933,794 Deferred income tax liabilities 14,451,006 12,781,011 Total liabilities 91,017,321 103,941,269 Net assets, of which: 105,254,303 122,391,578 Non-controlling interests 9,030,819 10,501,197 Net assets attributable to equity holders of the parent company 96,223,484 111,890,381

Page 96 of 109 30. NON-CONTROLLING INTERESTS (continued) Information in the profit or loss account and other comprehensive income ARGUS S.A. 31 December 2024 31 December 2023 Income Gross dividend income - 8,089,838 Interest income 255,262 442,990 Income from contracts with customers 218,710,483 247,105,000 Other operating income 1,068,061 17,193,315 Expenses Impairment losses on financial assets 62,671 (5,270,974) Impairment losses on non-financial assets 1,781,366 - Interest expenses (3,011,559) (5,832,686) Depreciation and amortisation expenses (9,419,233) - Expenses on salaries, allowances and similar charges (21,838,802) (14,499,965) Expenses on raw materials, materials and goods (193,267,761) (267,390,822) Other operational expenses (20,788,783) (35,313,030) Loss before tax (26,448,295) (55,476,334) Corporate income tax (150,277) (718,860) Net loss profit for financial year (26,598,572) (54,757,474) Total other comprehensive income - - Total comprehensive income for the financial year (26,598,572) (54,757,474) Net loss profit from non-controlling interests (2,282,157) (4,698,191) Total comprehensive result for the year related to non-controlling interests (2,282,157) (4,698,191)

Page 97 of 109 30. NON-CONTROLLING INTERESTS (continued) Information on the financial cash ARGUS S.A. 31 December 2024 31 December 2023 Cash and cash equivalents at 1 January 7,256,835 37,630,654 Cash and cash equivalents at 31 December 6,561,971 7,256,835 Net decrease in cash and cash equivalents (694,864) (30,373,819) Net cash from operating activities 22,314,863 26,532,233 Net cash from investing activities 452,446 28,748,618 Net cash used in financing activities (23,462,173) (85,654,670) Net decrease in cash and cash equivalents (694,864) (30,373,819) On 15 November 2023, the Parent Company increased its holding in Electromagnetica S.A. from 37.09% to 65.45%, by acquiring 37.29% of the share capital of Electromagnetica S.A. From this date, Electromagnetica became a subsidiary included in the consolidation. All financial information presented by the Parent Company is for the period 15 November to 31 December 2023. The balance sheet, profit or loss account and comprehensive income items of the subsidiary Electromagnetica S.A. as at 31 December 2024 and 31 December 2023 that were consolidated by the Group, before intra-Group eliminations, are presented as follows: Information from the financial position statement ELECTROMAGNETICA S.A. 31 December 2024 31 December 2023 Assets Cash and cash equivalents 75,704,694 28,934,075 Deposits in banks 10,000,000 1,942,722 Other financial assets at amortised cost 14,827,558 37,899,666 Inventory 7,308,363 18,741,313 Real estate investments 24,903,878 23,569,292 Property, plant and equipment 299,252,493 287,379,784 Other assets 4,805,333 6,584,415 Current income tax claims 1,676,704 822,603 Total assets 438,479,023 405,873,870 Liabilities Dividends payable 1,295,746 1,227,890 Financial liabilities at amortised cost 10,827,083 18,693,529 Other liabilities 2,060,352 12,880,244 Deferred income tax liabilities 29,214,286 16,208,824 Total liabilities 43,397,467 49,010,487 Net assets, of which: 395,081,556 356,863,383 Non-controlling interests 136,500,678 123,160,722 Net assets attributable to equity holders of the parent company 258,580,878 233,702,661

Page 98 of 109 30. NON-CONTROLLING INTERESTS (continued) Information in the profit or loss account and other comprehensive income Electromagnetica S.A. 31 December 2024 31 December 2023 Income Interest income 1,905,780 155,389 Income from contracts with customers 97,670,343 19,376,711 Other operating income 42,473,083 (590,938) Expenses Recovery of losses from impairment of financial assets 2,852,478 961,256 Losses of losses from impairment of non-financial assets (6,608,022) - Depreciation and amortisation expenses (9,969,373) - Expenses on salaries, allowances and similar charges (26,186,302) (4,813,845) Expenses on raw materials, materials and goods (51,331,827) (10,841,249) Other operating expenses (56,301,233) (7,290,464) Loss before tax (5,495,073) (3,043,140) Corporate income tax (4,321,350) 820,356 Net loss for the financial year (9,816,423) (2,222,784) Total other comprehensive income - - Total comprehensive income for the financial year (9,816,423) (2,222,784) Net loss from non-controlling interests (3,391,574) (767,128) Total comprehensive result for the year related to non- controlling interests (3,391,574) (767,128) Information on the financial cash 31 December 2024 31 December 2023 Cash and cash equivalents at 1 January/15 November 28,934,075 15,530,918 Cash and cash equivalents at 31 December 75,704,694 28,934,075 Net increase in cash and cash equivalents 46,770,619 13,403,157 Net cash from/(used in) operating activities 12,849,131 15,345,879 Net cash from/(used in) investing activities 34,120,607 (1,942,722) Net cash used in financing activities (199,119) - Net increase in cash and cash equivalents 46,770,619 13,403,157 31. EARNINGS PER SHARE In LEI 31 December 2024 31 December 2023 Net profit attributable to shareholders of the parent company 118,663,092 159,549,390 Weighted average number of ordinary shares outstanding 469,471,401 475,000,000 Basic earnings per share (net profit per share) 0.2528 0.3359 Net profit attributable to shareholders of the parent company 118,663,092 159,549,390 Gain reflected in retained earnings attributable to ordinary shareholders (from sale of financial assets at fair value through other comprehensive income) 283,106,422 17,579,343 Weighted average number of ordinary shares outstanding 469,471,401 475,000,000 Basic earnings per share (including realised gain on sale of financial assets at fair value through other comprehensive income) 0.8558 0.3729

Page 99 of 109 32. RECLASSIFICATIONS OTHER OPERATING EXPENSES Starting with 1 January 2024, the Group has classified and disclosed, on a separate line, depreciation and amortisation expenses of property, plant and equipment and intangible assets in the Consolidated Statement of Profit or Loss and Other Comprehensive Income. As a result, depreciation and amortisation expenses amounting to 12,322,023 lei for the year ended on 31 December 2023 have been reclassified from the line "Other operating expenses" to the line "Depreciation and amortization expenses" in the Consolidated Statement of Profit and Loss and Other Comprehensive Income. In LEI 31 December 2023 Reclassifications 31 December 2023 *reported * reclassified Other operating expenses 65,537,954 (12,322,023) 53,215,931 Depreciation and amortization expenses - 12,322,023 12,322,023 Total operating expenses 404,755,733 - 404,755,733 Net profit for the financial year 155,511,959 - 155,511,959 The reclassifications have no impact on the Group's total assets, total liabilities, total equity, profit or loss, revenue, or earnings per share at 31 December 2023. The reclassifications change the manner of disclosing the Consolidated Statement of Profit and Loss and Other Comprehensive Income and Note 14 Other Operating Expenses for the year ended on 31 December 2023. 33. Sale of subsidiaries The subsidiary UNIVERS S.A. was sold on March 4, 2024, with effect from March 1, 2024. The subsidiary Cereal Prest S.R.L. was sold on March 1, 2024, with effect from March 1, 2024. The results of the sold subsidiaries that have been included in the profit for the year are as follows 33 a) Information on financial performance and cash flow The information on financial performance and cash flows presented is for the two months ended February 29, 2024, and the year ended December 31, 2023. The results of discontinued operations, which have been included in the profit for the year, were as follows: Univers S.A. In lei 29 February 2024 31 December 2023 Revenue 695,878 4,853,828 Expenses (320,688) (1,298,889) Profit before tax 375,190 3,554,939 Income tax expenses - (267,455) Profit after income tax 375,190 3,287,484 Gain from the sale of the subsidiary after income tax (as shown in point (b) below) 11,988,376 - Gain for the period 12,363,566 3,287,484

Page 100 of 109 33. Sale of subsidiaries (continued) 33 a) Information on financial performance and cash flow (continued) Univers S.A. Cash flows related to the sold subsidiary: In lei 29 February 2024 31 December 2023 Net cash from operating activities 7,459,210 5,574,818 Net cash outflows from investing activities - (29,103) Net cash outflows from financing activities (3,552) - Cereal Prest S.R.L. In lei 29 February 2024 31 December 2023 Revenue 8,269 308,213 Expenses (42,457) (725,824) Profit before tax (34,188) (417,610) Income tax expenses - (165) Profit after income tax (34,188) (417,775) Gain from the sale of the subsidiary after income tax (as shown in point (b) below) 995,908 - Gain/(Loss) for the period 961,720 (417,775) Cash flows related to the sold subsidiary: Net cash used in operating activities (24,297) (52,027) Net cash inflows/outflows from investing activities - - Net cash inflows/outflows from financing activities - - 33 b) Details regarding the sale of the subsidiary The net asset of Univers S.A. as of the date of transfer was as follows: In lei 29 February 2024 Cash and cash equivalents 17,650,589 Financial assets designated at fair value through other comprehensive income 7,201,911 Other financial assets at amortized cost 144,022 Inventory 1,317 Investment properties 33,436,966 Property, plant, and equipment 1,115,719 Other assets 13,598 Dividends payable (548,203) Current income tax liabilities (265,322) Financial liabilities at amortized cost (702,259) Other liabilities (262,066) Deferred income tax liabilities (5,052,311) Net assets sold 52,733,961

Page 101 of 109 33. Sale of subsidiaries (continued) 33 a) Information on financial performance and cash flow (continued) In lei 29 February 2024 Net assets disposed of related to the holding 38,890,769 Gain on sale 11,988,376 Total consideration for the sale 50,879,145 Covered by: Cash and cash equivalents 50,879,145 Total consideration transferred or to be received 50,879,145 Net cash inflows from the sale: Consideration received in cash and cash equivalents 50,879,145 Less cash and cash equivalents disposed of (17,650,589) 33,228,556 The net asset of Cereal Prest S.R.L. as of the date of transfer was as follows: In lei 29 February 2024 Cash and cash equivalents 401,173 Other financial assets at amortized cost 12,739 Inventory - Investment properties 109,292 Other assets 24,423 Current income tax liabilities (22) Financial liabilities at amortized cost (19,124) Other liabilities (7,603) Net assets sold 520,878 Net assets disposed of related to the holding 454,092 Gain on sale 995,908 Total consideration for the sale 1,450,000 Covered by: Cash and cash equivalents 1,450,000 Total consideration transferred or to be received 1,450,000 Net cash inflows from the sale: Consideration received in cash and cash equivalents 1,450,000 Less cash and cash equivalents disposed of (401,173) 1,048,827 No sales of subsidiaries were made in 2023.

Page 102 of 109 34. GUARANTEES GRANTED Apart from the guarantees granted for obtaining bank loans, the Group has no guarantees granted. 35. TRANSFER PRICE The legal framework in Romania includes rules on transfer pricing between related persons since 2000. Romanian tax law includes the market value principle, according to which transactions between related parties must be carried out at market value in accordance with transfer pricing principles. Local taxpayers that carry out transactions with related parties must prepare and make available to the tax authorities, upon their written request, the transfer pricing documentation file, within the deadline set by the authorities (large taxpayers that carry out transactions with related parties above the thresholds set by the legislation are obliged to prepare the transfer pricing file annually starting with the transactions of 2016). Failure to submit the transfer pricing documentation file or submission of an incomplete file may result in penalties for non-compliance. However, regardless of the existence of the file, in addition to the content of the transfer pricing documentation file, the tax authorities may interpret the transactions and circumstances differently from the interpretation of the management and as a result, may impose additional tax liabilities resulting from the transfer pricing adjustment (materialised in increased income, reduced deductible expenses, thus increasing the taxable base for corporate income tax). As a result, it is expected that tax authorities will initiate thorough checks on transfer pricing to ensure that the tax result is not distorted by the effect of prices charged in dealings with related persons. The Group cannot quantify the outcome of such verification. 36. TRANSACTIONS AND BALANCES WITH SPECIAL RELATIONSHIP PARTIES Entities in which the parent company holds between 20% and 50% of the share capital As at 31 December 2024 the Parent Company held interests of more than 20% but not more than 50% of the share capital in 2 issuers (31 December 2023: 2 issuers). All these companies are based in Romania. For these issuers, the Parent Company's percentage ownership is not different from the percentage number of votes held. Company name Percentage held on 31 December 2024 - % - Percentage held on 31 December 2023 - % - ELECTRO TOTAL S.A. Botoșani * 29.86 29.86 ANTIBIOTICE S.A. Iași 13.03 29.42 * Company in judicial liquidation Following analysis of the quantitative and qualitative criteria set out in IAS 28 - 'Investments in Associates' and IFRS 10 - 'Consolidated Financial Statements', the Group concluded that it has no investments in associates at 31 December 2024 and 31 December 2023.

Page 103 of 109 37. KEY MANAGEMENT PERSONNEL 31.12.2024 Members of the Infinity Capital Investments S.A. Board of Directors: Sorin - Iulian Cioacă - President, Mihai Trifu - Vice-President, Codrin Matei, Mihai Zoescu and Andreea Cosmănescu. Senior management: Sorin - Iulian Cioacă - General manager, Mihai Trifu - Deputy General manager. 31.12.2023 Members of the Infinity Capital Investments S.A. Board of Directors: Sorin - Iulian Cioacă - President, Mihai Trifu - Vice-President, Codrin Matei, Mihai Zoescu and Andreea Cosmănescu. Senior management: Sorin - Iulian Cioacă - General manager, Mihai Trifu - Deputy General manager. The Group has no contracted obligations in respect of the payment of pensions to former members of the Board of Directors and senior management and therefore has no accruals of this nature recognised. The Group has not granted loans or advances (except for advances for travel in the interest of the service, justified in legal terms) to the members of the Board of Directors and the management and has not recorded commitments of this nature. The Group has not received and has not granted guarantees in favour of any related party. 38. SEGMENT REPORTING Segment reporting is represented by the segmentation by activity, which takes into account the branch of activity to which the main object of activity of the companies within the scope of consolidation belongs. The company, together with the portfolio companies in which it holds more than 50%, included in the consolidation perimeter, operates in the following main business segments: - manufacture of instruments and devices for measuring, checking, controlling, navigating - financial investments; - trade and commercial rentals of premises; - food industry (mainly production of oil and sunflower products); and - tourism.

Page 104 of 109 38. SEGMENT REPORTING (continued) Below are the benchmark indicators for a possible analysis at 31 December 2024 and 31 December 2023: - Assets, liabilities and equity according to the consolidated statement of financial position 31 December 2024 In LEI Group Services financial Commercial space rental and trade Manufacture of tools and devices for measuring, checking, controlling Food industry (mostly the production of sunflower oil and sunflower derivatives) Tourism Assets Cash and cash equivalents 460,076,652 330,538,669 42,444,817 75,704,694 9,102,846 2,285,626 Deposits in banks 10,064,955 - - 10,000,000 - 64,955 Financial assets at fair value through profit or loss 7,331,746 7,331,746 - - - - Financial assets at fair value through other comprehensive income 2,765,323,707 2,736,790,051 28,533,656 - - - Other financial assets at amortised cost 71,946,420 19,266,739 22,954,393 14,827,558 14,738,830 158,900 Inventory 64,986,660 10,611 8,064,249 7,308,363 49,576,293 27,144 Real estate investments 340,772,239 1,100,816 313,370,471 24,903,878 1,397,074 - Property, plant and equipment 453,035,759 10,613,091 2,921,492 299,252,493 128,248,632 12,000,051 Other assets 6,399,442 566,754 564,402 4,805,333 300,113 162,840 Current income tax claims 1,228,193 (632,459) (201,500) 1,676,704 379,751 5,697 Assets classified as held for sale 14,585,385 - 3,519,178 - - 11,066,207 Total assets 4,195,751,158 3,105,586,018 422,171,158 438,479,023 203,743,539 25,771,420 Liabilities Loans 60,798,798 - - - 60,798,798 - Dividends payable 50,737,191 48,473,389 548,794 1,295,746 419,262 - Financial liabilities at amortised cost 29,182,343 1,469,394 6,062,575 10,827,083 10,657,265 166,026 Liabilities directly associated with assets classified as held for sale 639,648 - 291,755 - - 347,893 Other liabilities 14,445,870 6,869,353 1,092,723 2,060,352 3,915,458 507,984 Provisions for risks and charges 3,096,531 - 221,276 1,952,556 922,699 - Deferred income tax liabilities 274,290,843 192,526,149 38,099,402 29,214,286 14,451,006 - Total liabilities 433,191,224 249,338,285 46,316,525 45,350,023 91,164,488 1,021,903

Page 105 of 109 38. SEGMENT REPORTING (continued) 31 December 2023 In LEI Group Services financial Commercial space rental and trade Manufacture of tools and devices for measuring, checking, controlling Food industry (mostly the production of sunflower oil and sunflower derivatives) Tourism Assets Cash and cash equivalents 139,020,419 69,096,362 28,953,605 28,934,125 8,157,714 3,878,613 Deposits in banks 6,942,722 - 5,000,000 1,942,722 - - Financial assets at fair value through profit or loss 6,621,169 6,621,169 - - - - Financial assets at fair value through other comprehensive income 2,429,667,571 2,396,720,026 31,538,340 - 1,409,205 - Other financial assets at amortised cost 63,090,745 85,363 3,211,404 37,899,666 21,402,855 491,457 Inventory 93,202,257 12,143 36,801 18,741,313 74,353,802 58,198 Real estate investments 371,130,831 1,100,816 344,209,043 23,569,292 2,251,680 - Property, plant and equipment 461,925,441 11,358,311 4,840,764 287,379,784 129,927,691 28,418,891 Other assets 7,440,927 648,719 365,217 6,119,577 163,994 143,420 Current income tax claims 895,819 19,416 (304,580) 822,603 380,797 (22,417) Total assets 3,579,937,901 2,485,662,325 417,850,594 405,409,082 238,047,738 32,968,162 Liabilities Loans 81,135,482 - - - 81,135,482 - Dividends payable 51,080,777 48,747,231 1,105,656 1,227,890 - - Current income tax liabilities - - - - - - Trade liabilities - - - - - - Financial liabilities at amortised cost 31,976,914 962,238 4,861,996 18,693,529 5,885,102 1,574,049 Other liabilities 27,226,626 10,048,725 2,710,209 11,640,456 2,057,949 769,287 Provisions for risks and charges 3,765,054 - 1,615,372 775,000 1,374,682 - Deferred income tax liabilities 210,881,494 143,753,048 37,976,651 16,208,824 12,781,011 161,960 Total liabilities 406,066,347 203,511,242 48,269,884 48,545,699 103,234,226 2,505,296 The presented indicators were determined based on the individual financial statements of the Company and the entities within the consolidation perimeter. Within the financial assets measured at fair value through other comprehensive income held by the Group as of December 31, 2024, a share of 98.97% is represented by assets from financial investment activities, respectively to 98.64% as of December 31, 2023.

Page 106 of 109 38. SEGMENT REPORTING (continued) - Income, expenses and result according to the Consolidated statement of profit or loss and other comprehensive income 31 December 2024 In LEI Group Services financial Commercial space rental and trade Manufacture of tools and devices for measuring, checking, controlling Food industry (mostly the production of sunflower oil and sunflower derivatives) Tourism Income Gross dividend income 158,759,779 157,240,792 1,518,539 - - 448 Interest income 11,924,602 8,030,484 1,558,064 1,905,780 361,259 69,015 Income from contracts with customers 353,903,200 - 27,839,193 97,670,343 219,386,704 9,006,960 Other operating income 64,255,596 52,735 5,246,306 42,473,083 16,407,758 75,714 Net gain on reassessment of financial assets at fair value through profit or loss 710,577 710,577 - - - - Expenses (Losses)/recovery of losses from impairment of financial assets 3,117,705 - 240,700 2,852,478 58,422 (33,895) (Losses)/recovery of losses from impairment of non-financial assets (4,626,900) (4,622) 204,378 (6,608,022) 1,781,366 - (Constitutions)/recovery of provisions for risks and expenses 216,541 - 1,394,097 (1,177,556) - - Expenses on salaries, allowances and similar charges (73,210,671) (14,068,265) (6,920,447) (26,186,302) (22,059,216) (3,976,441) Depreciation and amortisation expenses (22,278,222) (893,706) (645,952) (9,969,373) (10,090,452) (678,739) Expenses on raw materials, materials and goods (242,138,313) (197,798) 4,183,261 (51,331,827) (193,274,877) (1,517,072) Interest expenses (3,025,429) - (13,080) - (3,012,349) - Other operating expenses (114,058,433) (13,904,760) (15,776,787) (56,301,233) (26,134,959) (1,940,695) Profit before tax 133,550,032 136,965,438 18,828,272 (6,672,629) (16,576,344) 1,005,295 Corporate income tax (19,835,192) (12,960,391) (2,226,555) (4,321,350) (150,277) (176,619) Net profit for the financial year 113,714,840 124,005,047 16,601,717 (10,993,979) (16,726,621) 828,676

Page 107 of 109 38. SEGMENT REPORTING (continued) 31 December 2023 In LEI Group Services financial Commercial space rental and trade Manufacture of tools and devices for measuring, checking, controlling Food industry (mostly the production of sunflower oil and sunflower derivatives) Tourism Income Gross dividend income 95,539,933 93,344,829 2,182,512 - - 12,592 Interest income 5,442,797 3,100,940 1,592,098 155,389 497,038 97,332 Income from contracts with customers 307,999,975 1,005 30,283,034 19,376,711 247,155,125 11,184,100 Other operating income 3,374,308 1,008,003 432,150 (590,938) 2,436,436 88,657 Net gain on reassessment of financial assets at fair value through profit or loss 1,159,994 1,159,994 - - - - Gain from acquiring subsidiaries on favourable terms 154,850,032 154,850,032 - - - - Expenses (Losses)/recovery of losses from impairment of financial assets 5,898,689 28,779 (201,173) 961,256 5,101,219 8,608 (Losses)/recovery of losses from impairment of non-financial assets - - - - - - (Constitutions)/recovery of provisions for risks and expenses - - - - - - Expenses on salaries, allowances and similar charges (58,108,953) (16,566,665) (7,095,081) (4,813,845) (25,173,276) (4,460,086) Expenses on raw materials, materials and goods (280,955,222) (270,617) (363,893) (10,841,249) (267,412,331) (2,067,132) Interest expenses (6,052,293) (32,011) (187,595) - (5,832,687) - Other operating expenses (65,537,954) (8,851,010) (9,724,166) (7,290,465) (36,463,995) (3,208,318) Profit before tax 163,611,306 227,773,279 16,917,886 (3,043,141) (79,692,471) 1,655,753 Corporate income tax (8,099,347) (7,798,751) (1,732,677) 820,356 718,860 (107,135) Net profit for the financial year 155,511,959 219,974,528 15,185,209 (2,222,785) (78,973,611) 1,548,618

Page 108 of 109 39. COMMITMENTS AND CONTINGENT LIABILITIES Disputes The Group has a number of claims arising in the normal course of business. Group management believes that these actions will not have a material impact on the financial statements. As at 31 December 2024, a total of 276 cases were pending, of which: • in 168 cases the parent company or one of its subsidiaries is a creditor; • in 52 cases the parent company or one of its subsidiaries is the plaintiff; • in 39 cases the parent company or one of its subsidiaries is a defendant; • In 10 cases the parent company or one of its subsidiaries is a respondent; • in 4 cases the parent company or one of its subsidiaries is an injured party; • the parent company or one of its subsidiaries is an intervener in a case; • the parent company or one of its subsidiaries is a civil party in a case; • in a case the Parent Company or one of its subsidiaries is a third party defendant; Environmental contingencies The Group has registered a guarantee provided by Argus S.A. for the closure of a technological waste landfill required by the A.F.M. in the amount of 922,700 lei. The management does not consider the expenses associated with these elements to be significant. 40. EVENTS AFTER THE DATE OF THE INFINITY CAPITAL INVESTMENTS S.A BALANCE SHEET INFINITY CAPITAL INVESTMENTS S.A. I. On 08.01.2025, the General Shareholders Meeting approved the reduction of the subscribed share capital of INFINITY CAPITAL INVESTMENTS S.A. from 47,500,000 lei to 43,000,000 lei, by canceling 45,000,000 own shares (nominal value of 0.1 lei/share) acquired by the Company following the public offer to purchase its own shares during the period 12.11.2024-25.11.2024, in application of the buyback program approved by the Extraordinary General Shareholders Meeting of 30.09.2024 and the amendment of the Company's articles of association to reflect the reduction of the share capital. ALIMENTARA S.A. I. On 14.02.2025, the Ordinary General Shareholders Meeting was held, in which the members of the Board of Directors (Popică Daniela, Gavrilă Mihaela, Andrei Raluca) were elected, the remuneration of the members, the insurance and the form of the management contract for them were approved. CONSTRUCȚII FEROVIARE CRAIOVA S.A. I. On 13.02.2025, the Ordinary General Shareholders Meeting was held, in which the members of the Board of Directors (Popică Daniela, Țalea Mihaela, Negoiță Costin Teodora) were elected, the remuneration of the members, the insurance and the form of the management contract for them were approved. FLAROS S.A. I. On 12.02.2025 the Ordinary General Shareholders Meeting was held, the members of the Board of Directors were elected (Cosmănescu Andreea, Matei Codrin, Ștefan Constantin), the remuneration of the members, the insurance and the form of the contract of administration for them were approved. II The mandate of the General manager, Ștefan George Alin, was extended for a period of 2 years, respectively 26.02.2025 - 25.02.2027.