Internal control

Eastnine operates in accordance with best practices in the stock market and continuously monitors its compliance with the listing agreement with Nasdaq Stockholm. Internal control at Eastnine is designed to manage risks associated with financial reporting and property management activities. This includes ensuring that transactions involving the purchase and sale of securities and assets are accurately recorded, that holdings and properties are valued appropriately, and that information is efficiently and accurately communicated to the market.

The Board of Directors is responsible for overseeing investment activities and day-to-day management, and ensures, through established reporting procedures and relevant elaborated policies, that it has access to necessary information. All policies are reviewed annually for appropriateness, and any amendments are subject to Board approval. The Board maintains a robust and efficient control environment for investment activities and financial reporting, through the explicit delegation of responsibilities and authority to senior executives and employees. The Board regularly examines accounting issues, valuations, and financial reporting.

The Company’s executive management continuously monitors adherence to policies, instructions and administrative agreements. Eastnine’s Board of Directors conducts an annual assessment to determine whether an internal audit function is necessary, an independent investigative function that performs ongoing review and presents reports to the Board and management with recommendations for improvements to internal control of the Company’s activities, such as outsourced service functions and internal procedures, in order to maintain good governance and compliance with the Company’s policies. In 2024, the Board concluded that Eastnine, due to its limited size and full competence to assess service functions and internal operations independently, does not require an internal audit function.