General Meeting of Shareholders

In our company, general meetings of shareholders are held in the following form:

• annual (regular) general meeting of shareholders
• extraordinary general meeting of shareholders

The annual (regular) general meeting of shareholders is a meeting held annually to resolve the following issues:

• election of the board of directors (supervisory board);
• auditor`s approval;
• approval of the annual report, annual accounting (financial) statements of the company (if the company`s Articles of Association does not refer these issues to the competence of the board of directors (supervisory board) of the company), as well as other issues related to the competence of the general meeting of shareholders.

An extraordinary general meeting of shareholders is a meeting that is convened at the initiative of the board of directors (supervisory board), the audit commission of the company, its auditor, as well as shareholders (shareholder) owning at least 10 percent of voting shares as of the date of filing a request for convocation. Such a meeting is convened to resolve issues that are within the competence of the general meeting of shareholders and require an urgent decision.