Based on the results of the assessment of the corporate governance system of the company for the 1st quarter of 2021:

DK Qimmatli Qog'ozlar MARKAZIY DEPOZITARIYSI presented a report, conclusion on the assessment of the company's corporate governance system No. 11-1928 dated April 23, 2021.

According to the results of the assessment of the corporate governance system, the total number of points was 1,080 points, that is, 90%, and in the opinion of DK Qimmatli Qog'ozlar MARKAZIY DEPOZITARIYSI, the level of the corporate governance system in BIOKIMYO JSC according to the results of the assessment for the 1st quarter of 2021 is recognized as “ high " .

As a result of studying the assessment of the corporate governance system, the following were identified:  

Remarks on non-compliance with the recommendations of the Code

Explanations

II . Assessment of compliance with the recommendations of the Corporate Governance Code. p. 7.   The long-term strategy of the company has not been approved

JSC "BIOKIMYO" entered into an agreement with the international organization LLC "RB ASIA" No. RBI-01 dated 05.04.2021 to develop a medium-term and long-term strategy of the company. The strategy of the company will be presented this year.

II . Assessment of compliance with the recommendations of the Corporate Governance Code. p. 32. Professional development of the head or members of the executive body of the JSC for corporate governance?

The advanced training of the head and members of the executive body increased in 2018.

 In 2021, in May and June, it is planned to improve the qualifications of the head or members of the executive body of the company for corporate governance.

Vi. Assessment of the implementation of modern management systems (ISO, ERP, R&D, etc.)

item 1.

About obtaining a quality management system certificate

Received the national quality certificate ISO 9001: 2015 and ISO 22000.

The company carries out activities in the field of production of strategic raw materials, which are sold only to enterprises of the Republic of Uzbekistan. In this regard, a national quality management certificate was obtained and an audit is carried out once a year.

Based on clause 37 of the "Regulations on the procedure for certification of the management system" approved by the order of the Director General of the Uzbek Agency for Standardization, Metrology and Certification dated January 4, 2016, a quality audit that the relevant ISO standards are applied in the activities of the enterprise should be carried out no more than once a year.

VIII. Assessment of financial results

p. 3.

On the measures taken to reduce accounts receivable

At the end of the 1st quarter of 2021, accounts receivable increased compared to the beginning of the reporting year. There are no overdue receivables. The main reason for the increase in accounts receivable: advance payments for raw materials, energy resources and customer debt for goods.