OREANDA-NEWS. Meeting in regular session, the Board of Directors of RUSNANO gave preliminary approval to the 2012 annual report of the company. As required by the Russian law On Joint Stock Companies, the document will be sent on to the Annual General Meeting of Shareholders of RUSNANO for final approval.

The Board of Directors adopted changes in conditions for RUSNANO’s participation in an investment project to produce colloidal quantum dots. Applications of the technology that the portfolio company is working with have broadened significantly. Taking note of the promise the technology holds in new markets and the competitive advantages particular to the company, the Board of Directors resolved to extend additional financing for the project. Supplementary resources will go to creating and marketing new products, including luminescent film for LCD/LPD displays and light-converting coatings used in manufacturing greenhouses.

Members of the Board of Directors resolved to recommend to the General Meeting of Shareholders of RUSNANO confirmation of Ernst & Young as auditor of the company for the mandatory audit of financial statements of open joint stock company RUSNANO and auditor of RUSNANO Group’s consolidated financial statements, both for 2013. The group’s consolidated statements have been prepared in accordance with International Financial Reporting Standards.

The Board of Directors adopted a resolution to terminate the AEROLIFE project for production of air cleansing and purification systems based on nanocrystal photocatalytic materials. Failure of the co-investor to fulfill its obligations under the project had caused considerable elongation in the schedule for project realization. Further participation by RUSNANO was deemed inadvisable. RUSNANO’s shares in the portfolio company will be sold.

The Board of Directors heard a report on implementation of two projects it had previously approved. The first is manufacturing new thermo-insulating materials based on nanotechnological principles for processing unsorted scrap glass. The second is producing substrates with high thermal conductivity for assembly of ultrabright LEDs based on technology for obtaining a nanoporous layer of Al2O3 on an aluminum wafer through anodization.

Members of the Board of Directors sanctioned a transaction in which a board member, Igor Aramirzyan, is an interested party. The transaction will benefit the RUSMI project. They approved a transaction with RUSNANO Israel in which the deputy chairman of the Executive Board of RUSNANO, Yakov Urinson, who is concurrently a member of the Board of Directors of RUSNANO Israel, ltd. is an interested party and approved a transaction between companies and the Fund for Infrastructure and Educational Programs in which members of the Executive Board of RUSNANO аre interested parties.

In accordance with the charter of RUSNANO, the Board of Directors approved the combining of posts by members of the Executive Board: Yuri Udalstov will become a member of the Board of Directors of OCSiAl S.a r.l., and Yakov Urinson will become a member of the Board of Directors of portfolio company Plakart.

In fulfillment of a directive from Rosimushchestvo, the Federal Agency for State Property Management (letter № OD-11/12116 dated March 22, 2013), the Board of Directors adopted a resolution confirming regulations on conducting a registry of persons who must present information as interest parties in the execution of transactions and entrusting to the chairman of the Executive Board the execution of those regulations.