Yes, the annual independent audit or review will not be limited solely to the Luxembourg issuer.

While the statutory audit requirement applies at the issuer (Luxembourg compartment) level, the scope of reporting will extend to the key Costa Rican project entities through one of the following mechanisms:
- Consolidated reporting at structure level; and/or
- An agreed-upon procedures (AUP) engagement covering:
-- Use of proceeds,
-- Outstanding intercompany balances,
-- Status of pledged assets,
-- Sales progress and cash flow allocation,
-- Compliance with key structural covenants.

The objective is to ensure that investors receive meaningful transparency not only on the financial position of the issuer, but also on the operational and financial status of the underlying project entities.

The precise audit and reporting framework will be defined prior to closing and may be adapted to reflect investor expectations and proportionality considerations.