Approving Director's Long Term Contract

The approval from shareholders reflects their confidence in the director's ability to contribute to the company's success over an extended period. It also serves as a mechanism for transparency, allowing shareholders to understand and agree to the commitments made to a director in terms of financial and strategic importance.

By formalizing this resolution, the company ensures compliance with corporate governance standards and satisfies any legal requirements imposed by corporate law concerning directors’ contracts. This action not only protects the interests of the shareholders but also secures a clear understanding between the company and the director, promoting a stable leadership structure.