PHS: Resolution of the Board of Directors Approving Conditions for Secured Warrant Provision and Credit Limit Extension with the Bank

The Board of Directors of PHS has approved a resolution regarding the provision of secured warrants. This resolution outlines the necessary conditions for issuing warrants and establishes terms for extending credit limits with the bank. The aim is to ensure financial safety and optimize the company’s borrowing activities. Specific conditions include requirements for collateral, credit approval processes, and extension duration. The primary objective is to enhance transparency and ensure compliance with legal regulations in the company’s credit activities.