|PROPOSAL TO AMEND THE COMPANY’S ARTICLES OF INCORPORATION
ARTICLE 15 - NOTICE OF SHAREHOLDERS´ MEETINGS. These shall be called by means of a notice published in a widely-circulating newspaper in the Company’s registered place of business. Notwithstanding the foregoing, the Company shall ensure that notices of meetings shall be amply disseminated and publicized using , among other media, the Company's website or the medium acting in its stead, social networks or individual emails (when available ). For meetings at which year-end financial statements are to be discussed, the corresponding notice shall be given at least thirty (30) calendar days beforehand; and in all other cases, a five (5)
PARAGRAPH. In the case of an ordinary meeting of the General Assembly of Shareholders, any shareholder may request that one or more matters be included in the agenda for subsequent discussion. This request should be addressed to the Board of Directors and sent to the Company Secretary´s Office within five (5) calendar days following the date on which the notice of the meeting was published. The reasons for such request must also be included.
Should the Board reject this request after being submitted by one or more shareholders representing at least five percent (5%) of the Company's subscribed capital, a written response shall be given, explaining the reasons for this decision and informing shareholders of their right to present their proposals during the meeting of the General Assembly of Shareholders in accordance with the provisions of Article 182 of the Code of Commerce.
Once the time allowed for the shareholders to submit their proposals has elapsed, and if the Board of Directors accepts the request, a supplement to the notice of the meeting shall be published at a minimum of fifteen (15) calendar days prior to the meeting.
This procedure shall also apply in the case of new proposals submitted by the shareholders with regard to the matters contained in the agenda.
ARTICLE 24 - SHAREHOLDERS' INSPECTION RIGHTS
Within a term of fifteen (15) business days prior to the meeting at which the Statement of Financial Position is to be approved, shareholders may request information or clarification regarding the documents required by currently applicable legal provisions, or the matters to be discussed as appearing on the agenda of the corresponding notice of meeting or any information that the Company should have placed in the public domain. This information shall be made available at the Company’s Secretary´s offices or on the Company's website.
ARTICLE 25 - STRUCTURE AND TENURE The BOARD OF DIRECTORS shall be composed of seven (7) members, all of whom shall be Principal Members, these appointed by the General Assembly of Shareholders for periods of two (2) years as of the date of their respective appointment, without prejudice to being freely re-appointed or removed at any time by the same General Assembly of Shareholders.
PARAGRAPH. Basic information regarding the Company's Directors, Senior Management and principal executive officers can be consulted on the Company's website.