Convening the Extraordinary General Meeting of Shareholders of CCC S.A. for 28 October 2022

(Current Report No. 22/2022)

12.09.2022 /The Issuer/

Legal basis:
Article 56 paragraph 1 point 2 of the Act on the offering – current and periodic information

The Management Board of CCC S.A. (“Company”) acting pursuant to art. 399 § 1 and art. 402 paragraph 1 of the Code of Commercial Companies ("KSH") hereby convenes the Extraordinary General Meeting ("General Meeting") on October 28, 2022, which will take place at 12:00, at the headquarters of the CCC S.A. in Polkowice, at ul. Strefowa 6, 59-101 Polkowice.

The Extraordinary General Meeting is being convened at the request of the largest shareholder of the Company regarding the increase of its share capital. The potential raising of capital through the issuance of shares to the largest shareholder or another entity designated by him may complement the actions of the Company's Management Board implemented in response to the consequences of the current macroeconomic situation. In order to mitigate their adverse influence on the group’s performance, balance sheet position and development of the capital group those efforts aim, among other things, to further reduce the working capital needed in the Company’s business, reduce the operating costs base and optimize the development plans. The scenarios being contemplated by the Management Board also involve obtaining capital through lease-back of some property, plant and equipment owned by the group companies (e.g. their storage infrastructure), obtaining new financing (through debt or equity) for selected Group entities or business divisions
(e.g. HalfPrice) or conducting an IPO of Modivo.

The full text of the announcement on convening the General Meeting is attached in the current report.