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.