Raport

Appendix no. 1 to the Resolution of the Supervisory Board no. 9/RN/2023 of 23 March 2023

Assessment of the Supervisory Board of the company under the business name of:

"TOYA" joint-stock company with its registered office in Wrocław

(hereinafter also referred to as the "Company")

regarding the Director's report on operations of "TOYA" S.A., Director's report on operations

of the Group of "TOYA" S.A., financial statements and consolidated financial statements

in the scope of their compliance with the books, documents and facts

The Supervisory Board of the Company, pursuant to article 382 §3 of the Act of 15 September 2000 –

Code of Commercial Companies and Partnerships (Journal of Laws of 2022, item 1467), §70 section 1

point 14 and §71 section 1 point 12 of the Regulation of the Minister of Finance of 29 March 2018 on

current and periodic information published by issuers of securities and the conditions for regarding as

equivalent the information required by the law of a non-member state (consolidated text, Journal of Laws

of 2018, item 757, as amended, hereinafter referred to as: the "Regulation"), hereby makes an

assessment concerning:

─ Director’s report on operations of "TOYA" S.A. for 2022;

─ Director’s report on operations of the Group of "TOYA" S.A. for 2022

─ Standalone financial statements of "TOYA" S.A. for the financial year ended on 31 December

2022;

─ Consolidated financial statements of the Group of "TOYA" S.A. for the financial year ended on

31 December 2022.

in the scope of their compliance with the books, documents and facts

I. Assessment of the Directors' report on operations of "TOYA" S.A. for 2022

The Supervisory Board, upon reading the Director’s report on operations of "TOYA" S.A. for 2022, under

the opinion of the Company's auditor, KPMG Audyt spółka z ograniczoną odpowiedzialnością sp.k.

(hereinafter referred to as: the Company's auditor) on the audit of these documents, according to which

the Director’s report on operations of the Company, in all material respects

─ was prepared pursuant to applicable provisions of law; and

─ is compliant with the information included in the standalone financial statements.

and under the information obtained by the Supervisory Board in the scope of its powers, including but

not limited to internal control and audit as well as access to documents, financial books and information

provided to the Supervisory Board by the Audit Committee in the scope of performing the tasks by the

Audit Committee under the applicable provisions of law, hereby declares that the aforementioned report

was prepared under the requirements of Art. 49 of the Accounting Act of 29 September 1994 (Journal

of Laws of 2019, item 351, as amended) and §70 of the Regulation and positively assesses the

aforementioned Report as compliant with the books, documents and facts.

II. Assessment of the Director’s report on operations of the Group of "TOYA" S.A. for 2022

The Supervisory Board, upon reading the Director’s report on operations of the Group of "TOYA" S.A.

for 2022 under the opinion of the Company's auditor on the audit of these documents, according to

which the Director’s report on operations of the Group of "TOYA" S.A., in all material respects

TOYA S.A. with its registered office in Wrocław, ul. Sołtysowicka 13-15, postal code 51-168, entered in the Register

of Entrepreneurs of the National Court Register kept by the 6th Economic Division of the District Court for Wrocław

– Fabryczna under KRS [National Court Register] no. 0000066712, fully paid-up share capital: PLN 7 883 084.10;

NIP [Tax Identification Number]: 895-16-86-107; REGON [National Official Business Register]: 932093253.

─ was prepared pursuant to applicable provisions of law; and

─ is compliant with the information included in the standalone financial statements.

and under the information obtained by the Supervisory Board in the scope of its powers, including but

not limited to internal control and audit as well as access to documents, financial books and information

provided to the Supervisory Board by the Audit Committee in the scope of performing the tasks by the

Audit Committee under the applicable provisions of law, hereby declares that the aforementioned report

was prepared under the requirements of Art. 49 of the Accounting Act of 29 September 1994 (Journal

of Laws of 2019, item 351, as amended) and §71 of the Regulation and positively assesses the

aforementioned Report as compliant with the books, documents and facts.

III. Assessment of the Standalone financial statements of "TOYA" S.A. for the financial year

ended on 31 December 2022

The Supervisory Board, upon reading the Standalone financial statements of "TOYA" S.A. for the

financial year ended on 31 December 2022, according to which:

─ balance sheet total amounted to PLN 417 402 thousand (say: four hundred seventeen million

four hundred two thousand Zloty),

─ net profit amounted to PLN 46 069 thousand (say: forty six million sixty nine thousand Zloty),

and upon reading the the opinion of the Company's auditor on the audit of this document, according to

which the Statements:

─ give a fair and clear view of the Company’s financial and economic position as at 31 December

2022, profit/loss and cash flows for the financial year then ended under the International

Financial Reporting Standards approved by the European Union and the adopted accounting

policies;

─ comply, in all material respects, in form and content with the applicable provisions of law and

the Company's Articles of Association;

─ were prepared, in all material respects, pursuant to properly kept books of account under the

provisions of Chapter 2 of the Accounting Act of 29 September 1994 ("the Accounting Act").

and under the information obtained by the Supervisory Board in the scope of its powers, including but

not limited to internal control and audit as well as access to documents, financial books and information

provided to the Supervisory Board by the Audit Committee in the scope of performing the tasks by the

Audit Committee under the applicable provisions of law, hereby declares that the aforementioned

Statements were prepared under the International Financial Reporting Standards, give a fair and clear

view of the Company’s financial and economic position and it positively assesses the aforementioned

Statements as compliant with the books, documents and facts.

IV. Assessment of the Consolidated financial statements of the Group of "TOYA" S.A. for

the financial year ended on 31 December 2022

The Supervisory Board, upon reading the Consolidated financial statements of the Group of "TOYA"

S.A. for the financial year ended 31 December 2022, according to which:

TOYA S.A. with its registered office in Wrocław, ul. Sołtysowicka 13-15, postal code 51-168, entered in the Register

of Entrepreneurs of the National Court Register kept by the 6th Economic Division of the District Court for Wrocław

– Fabryczna under KRS no. 0000066712, fully paid-up share capital: PLN 7 883 084.10; NIP: 895-16-86-107;

REGON: 932093253.

─ balance sheet total amounted to PLN 590 798 thousand (say: five hundred ninety million seven

hundred ninety eight thousand Zloty),

─ net profit amounted to PLN 70 220 thousand (say: seventy million two hundred and twenty

thousand)

and upon reading the opinion of the Company's auditor on the audit of this document, according to which

the consolidated Statements:

─ give a fair and clear view of the consolidated financial and economic position of the Group as at

31 December 2022, consolidated profit/loss and consolidated cash flows for the year then ended

under the International Financial Reporting Standards approved by the European Union and

the adopted accounting policies;

─ comply, in all material respects, in form and content with the provisions of law applicable to the

Group and the Parent Company's Articles of Association;

and under the information obtained by the Supervisory Board in the scope of its powers, including but

not limited to internal control and audit as well as access to documents, financial books and information

provided to the Supervisory Board by the Audit Committee in the scope of performing the tasks by the

Audit Committee under the applicable provisions of law, hereby declares that the aforementioned

Statements were prepared under the International Financial Reporting Standards, give a fair and clear

view of the Group of the Company and it positively assesses the aforementioned Statements as

compliant with the books, documents and facts.

______________

Piotr Mondalski

______________

Jan Szmidt

______________

Dariusz Górka

______________

Grzegorz Maciąg

______________

Wojciech Papierak

______________

Michał Kobus

______________

Beata Szmidt

TOYA S.A. with its registered office in Wrocław, ul. Sołtysowicka 13-15, postal code 51-168, entered in the Register

of Entrepreneurs of the National Court Register kept by the 6th Economic Division of the District Court for Wrocław

– Fabryczna under KRS no. 0000066712, fully paid-up share capital: PLN 7 883 084.10; NIP: 895-16-86-107;

REGON: 932093253.