OREANDA-NEWS. July 21, 2010. Following the decision of JSC “EMAlliance” sole shareholder – the company Auburn Investments Limited (Cyprus) - the membership of the Board of Directors of JSC “EMAlliance” was increased from 5 to 7 members. New members of the Board of Directors are: Igor Parkhomenko, Counsellor of JSC “EMAlliance” General Director on financing strategic and Alexey Dubinchin, Head of JSC “EMAlliance” Tax and Law Department.

JSC “EMAlliance” President Timur Avdeenko, JSC “Gasprom oil” Deputy General Director on external assets management Kirill Kravchenko, Managing Director of the Group “Sputnik” Dmitry Betanely, Doctor of Science, professor of economics and finance of SI “High School of Economics” Ivan Rodionov and Karapatakis Andreas, Managing Director of A.J.K. Bureau of Consultants Ltd. hold their seats in the Board of Directors.

Moreover, the sole shareholder of JSC “EMAlliance” adopted a resolution to omit dividends under equity shares for 2009 and use the obtained profit for working capital replenishment.

The Annual Report summarizing the results of JSC “EMAlliance” activities for 2009 was approved by the sole shareholder decision, annual financial statements for 2009 included profit and loss reports. ZAO “BDO” was selected for auditing the company.