TOYA_Ocena_RN_2024-03-31

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.

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 2023;

─ Director’s report on operations of the Group of "TOYA" S.A. for 2023

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

2023;

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

31 December 2023.

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 2023

The Supervisory Board, upon reading the Director’s report on operations of "TOYA" S.A. for 2023,

under the opinion of the Company's auditor, Grant Thornton Polska Prosta spółka akcyjna (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

− has been prepared in accordance with the applicable legal regulations, i.e. Article 49 of the

Accounting Act and Paragraph 70 of the Regulation of the Minister of Finance of March 29,

2018 on current and periodic information disclosed by issuers of securities and the conditions

for recognition as equivalent of the information required by law of a non-member state; and

− is consistent with the accompanying annual financial statements;

− no material misstatements in the Report on the Company’s operations were identified.

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.

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 2023

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

for 2023 under the opinion of the Company's auditor on the audit of these documents, according to

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

- in accordance with the applicable legal regulations, i.e. Article 55 clause 2a of the Accounting

Act and Paragraph 71 of the Regulation of the Minister of Finance of March 29, 2018 on current

and periodic information disclosed by issuers of securities and the conditions for recognition

as equivalent of the information required by law of a non-member state; and

- information included therein is consistent with the accompanying annual consolidated

financial statements;

- no material misstatements in the Report on the Company’s operations were identified

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 2023

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

financial year ended on 31 December 2023, according to which:

─ balance sheet total amounted to PLN 401 290 thousand (say: four hundred and one million,

two hundred and ninety thousand Zloty),

─ net profit amounted to PLN 52 895 thousand (say: fifty two million eight hundred ninety-five

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 true and fair view of the financial position of the Company as of December 31, 2023 and

of its financial performance and of its cash flows for the financial year then ended in

accordance with the International Accounting Standards, International Financial Reporting

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.

Standards and related interpretations published in the form of European Commission

regulations and adopted accounting principles (policy),

─ were prepared on the basis of properly maintained books of account,

─ comply with the laws affecting the content and form of the annual financial statements and

the provisions of the 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 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 2023

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

S.A. for the financial year ended 31 December 2023, according to which:

─ balance sheet total amounted to PLN 553 428 thousand (say: five hundred fifty three million

four hundred twenty eight thousand Zloty),

─ net profit amounted to PLN 68 318 thousand (say: sixty eight million three hundred eighteen

thousand Zloty)

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

which the consolidated Statements:

─ give a true and fair view of the financial position of the Group as of December 31, 2023 and

of its financial performance and of its cash flows for the financial year then ended in

accordance with the International Accounting Standards, International Financial Reporting

Standards and related interpretations published in the form of European Commission

regulations and adopted accounting principles (policy),

─ comply with the laws affecting the content and form of the annual consolidated financial

statements and the provisions of the Parent’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.