rights or interests which the Company is entitled to receive under the law; Article 11 The Company’ s shares shall be freely transferable without any restrictions, and the total number of shares held by
shareholders’ meeting of the Company with votes of not less than three-fourths of the total votes of the shareholders attending the meeting and having the right to vote, excluding shareholders having interests
right to vote, excluding shareholders having interests. In addition, after being granted approval from the shareholder’s meeting, the Company is obliged to submit a statement of intention to make a tender
entitled to vote, excluding the votes from shareholders with interests therein. Details for considering and approving the entering into transaction with a connected person are described in Information
business of the Company and/or reduce the debt to equity ratio of the company. 4 7. Benefits of Capital Increase/Allocation to Shareholders 7.1 Dividend policy The company has a policy to pay dividends to
After Strategic Spending (93) 85 (178) 238 (550) Net financial costs (42) (21) (41) (129) (114) 13% Income tax (18) (6) (14) (43) (27) 60% Dividends and Perp interest (59) (8) (42) (132) (97) 35% (3