41 - CFM Indosuez Wealth continued to provide operational support to CFM Indosuez Gestion and CFM Indosuez Conseil en Investissement SASU. - CFM Indosuez Wealth used the services of insurance broker Jutheau Husson for the management of some its insurance policies. IMPACT OF THE RUSSIAN-UKRAINIAN CONFLICT ON CFM INDOSUEZ'S BUSINESS In accordance with Sovereign Order 8.664 of 26 May 2021 on procedures for freezing funds and economic resources under international economic sanctions, the Principality of Monaco has implemented all the measures decreed by the European Union following Russia's invasion of Ukraine. The scope of application is vast, covering individuals, companies, economic sectors and the financial flows linked to these populations. CFM Indosuez Wealth, in conjunction with the Crédit Agricole Group, set up a crisis committee to ensure compliance with these regulatory measures: • Immediate implementation of all the texts issued by the European Union or the OFAC; • Freezing the assets of named entities or persons; • Daily monitoring of transactions that may fall within the scope of sanctions and, if necessary, the rejection or freezing of such flows; • The gradual disengagement of economic sectors particularly exposed to these sanctions in terms of banking flows, such as yacht management, or the monitoring of flows in important sectors in the Principality, such as the luxury sector; • Gradual implementation of relationship closure; • Monthly reporting to the ACPR on governance, cyber security and assets under management; • Annual reporting to the Budget and Treasury Department of the Principality of Monaco (pursuant to Article 5g of European Regulation 833/2014) on relations of Russian and Belarusian nationals, not exempt from sanctions, as well as reporting on the population of exempt persons benefiting from a Golden Visa (Cyprus and Malta). CFM Indosuez Wealth has no investments in Ukraine and Russia. These events had no significant impact on the 2022 accounts. As things stand, the impact on the 2023 accounts should be limited. Finally, we would like to thank our customers for the trust they place in us, and express our gratitude to the Board, management and all our employees for the efforts they have made in 2022. The Chairman would also like to thank, on his own behalf and on behalf of CFM Indosuez Wealth, all the directors for their attendance, their commitment and the quality of the discussions at Board meetings. RESOLUTIONS FOR THE GENERAL MEETING FIRST RESOLUTION: APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS After the reports of the Board of Directors and the Statutory Auditors were read, the General Shareholders’ Meeting approved the consolidated financial statements for the year ending on 31 December 2022 as presented, as well as the management of the group, based on the examination of such statements and reports. Consequently, the General Meeting granted the members of the Board of Directors full discharge in respect of their management for the fiscal year. SECOND RESOLUTION: APPROVAL OF THE SEPARATE FINANCIAL STATEMENTS After the reports of the Board of Directors and the Statutory Auditors were read, the General Shareholders’ Meeting approved the annual financial statements for the year ending on 31 December 2022 as presented, as well as the management of the corporation, based on the examination of such statements and reports. Consequently, the General Meeting granted the members of the Board of Directors full discharge in respect of their management for the fiscal year. THIRD RESOLUTION: ALLOCATION OF PROFITS The General Meeting decided, on the proposal of the Board of Directors, to allocate the profit for the year as follows: Profits for the financial year 2022 € 42,183,759 Retained earnings from the previous year € 206,497,014 Proposed dividend amount €40,396,500 Retained earnings following distribution of dividends €208,284,273 On these bases, the dividend per share amounts to €70.50 and will be paid on 23 May 2023. The Board of Directors proposes to the General Meeting that the balance of €1,787,259 be carried forward as retained earnings.
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