Structure

The Supervisory Board carries out general management of the Company's activities, with the exception of resolving issues that fall within the exclusive competence of the General Meeting of Shareholders.

The Supervisory Board of the Company has the right to:

• identify priority areas of the Company's activities;
• convene annual and extraordinary General Meetings of Shareholders of the Company, with the exception of cases provided for by the legislation of the Republic of Uzbekistan;
• prepare the agenda for the General Meeting of Shareholders;
• determine the date of the General Meeting of Shareholders;
• determine the date of formation of the Company's shareholder register for notification of the General Meeting of Shareholders, the date of formation of the register of shareholders entitled to participate in the General Meeting of Shareholders, as well as other issues related to the organization and holding of the General Meeting of Shareholders;
• to submit for the decision of the General Shareholders Meeting questions about the reorganization of the Company, approval of annual reports, balance sheets, profit and loss accounts of the Company, distribution of its profits and losses;
• introduce for consideration by the General Shareholders Meeting questions on introducing changes and additions to the Company's Charter (or approving the Charter in a new edition), and on determining the audit organization and the maximum amount of payment for its services;
• increase the size of the authorized fund of the Company by increasing the nominal value of shares and make appropriate changes to the Charter or by placing additional shares by the Company within the number and types of declared shares;
• place bonds and securities;
• decide on the issue of additional shares within the number and types of authorized shares, approve the issue prospectus;
• make a decision on the placement of issued securities;
• determine the market value of the property;
• make a decision on the acquisition of shares, bonds and other securities placed by the Company for the purpose of their subsequent resale or cancellation in the manner and time provided for by the legislation;
• to hire and early terminate the authority of the head of the Executive Body (Director General) of the Company, to determine the procedure for its work;
• conclude and renew on behalf of the Company an employment contract for the employment of the Executive Body (Director General), determine the terms and conditions of the contract;
• terminate (terminate) the contract with the Executive Body (General Director) ahead of schedule, if they violate the terms of the contract or cause losses to the Company through their actions;
• approve the annual business plan developed by the Executive Body of the Company;
• establish the amount of remuneration and compensation paid to the Executive Body (General Director);
• make recommendations on the amount of remuneration (compensation) paid to the members of the Company's Audit Commission to the determination of the maximum amount of payment for the services of an auditing organization;
• make recommendations on the amount of the dividend on shares and the procedure for its payment;
• use reserve, insurance and other funds of the Company;
• appoint a corporate consultant, if necessary, the introduction of this position in the Company;
• the creation of an internal audit service and the appointment of its employees;
• create branches and open representative offices of the Company;
• create subsidiaries and associates of the Company;
• make decisions on concluding major transactions related to the acquisition and alienation of property in the cases provided for by Section VIII of the Law of the Republic of Uzbekistan “On Joint Stock Companies and Protection of Shareholders' Rights”;
• make a decision on the conclusion of transactions in which there is an interest in the cases provided for by Section IX of the Law of the Republic of Uzbekistan “On Joint Stock Companies and Protection of Shareholders' Rights”;
• make a decision on concluding transactions related to the Company's participation in other business entities;
• to have access to any documents relating to the activities of the Executive Body of the Company, and receiving them from the Executive Body to fulfill the duties assigned to the Supervisory Board. The received documents can be used by the Supervisory Board and its members exclusively for official purposes;
• solution of other issues stipulated by the legislation of the Republic of Uzbekistan and the Charter of the Company.

• control of decisions of the Executive bodies on implemented transactions, as well as plans of production and commercial activities;
• hearing reports of the Director General and officials appointed by the Director General;
• hearing reports from the internal audit service and instructing relevant audit tasks;
• approval of the composition, purpose, size, sources of formation of the Company's funds.

Regulations on the Supervisory Board