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On 31 August 2018, the merger of Ceramika Nowa Gala SA, as the surviving company, with Ceramika Nowa Gala II Sp. z o.o., as the target company, was registered in the National Court Register. The merger was carried out in accordance with the simplified procedure, pursuant to Article 492(1)(1) and Article 516(6) read together with Article 516(5) of the Code of Commercial Partnerships and Companies, by transferring all assets of the target company to the surviving company (combination by acquisition), with no increase in the share capital of the surviving company as the surviving company held 100% of shares in the share capital of the target company, with no exchange of shares in the target company for shares in the surviving company, and without closing the accounting records of the target company. In accordance with Article 494(1) of the Code of Commercial Partnerships and Companies, Ceramika Nowa Gala SA took over, as at the merger date, all the rights and obligations of Ceramika Nowa Gala II Sp. z o.o. under agreements binding on this company.