INFORMATION MEMORANDUM TO THE SHAREHOLDERS OF “RAKHAT” JSC

The Board of Directors of Rakhat JSC informs about the results of the absentee voting of the Annual General Meeting of Shareholders without holding a meeting and the decisions adopted by the General Meeting of Shareholders of Rakhat JSC held on April 29, 2021 at the address: 2-a, Zenkova Street, Almaty.

On the first item of the Agenda “On approval of the Agenda of the Meeting” it was unanimously resolved as follows:

• To approve the Agenda of the Annual General Meeting of Shareholders of Rakhat JSC.

Shareholders holding 3 442 817 votes in total took part in the voting. Voted: “For” – 3 442 817 votes or 100%, “Against” – none, “Abstained” – none.

On the second item of the Agenda “On the Membership of the Tabulation Commission of the Annual General Meeting” it was unanimously resolved as follows:

To terminate the powers of Kisikova Daliman Serikbayevna as a member of the Tabulation Commission and elect Fedorova Ksenia Sergeevna as a member of the Tabulation Commission and approve the membership of the Tabulation Commission taking into account the changes:

Shareholders holding 3 442 817 votes in total took part in the voting. Voted: “For” – 3 442 817 votes or 100%, “Against” – none, “Abstained” – none.

On the third item of the Agenda “On changing the name of Rakhat JSC” the decision was unanimously made.

– Change the name of the Rakhat Joint Stock Company to a new name:

Full name:

1. a) in Kazakh: «ЛОТТЕ Рахат» акционерлікқоғамы;
2. b) in Russian: Акционерное общество «ЛОТТЕ Рахат»;
3. c) in English: “LOTTE Rakhat” Joint Stock Company.

Abbreviated name:

1. a) in Kazakh language: «ЛОТТЕ Рахат» АҚ;
2. b) in Russian: АО «ЛОТТЕ Рахат»;
3. c) in English: “LOTTE Rakhat” JSC.

Shareholders holding 3 442 817 votes in total took part in the voting. Voted: “For” – 3 442 817 votes or 100%, “Against” – none, “Abstained” – none.

On the fourth item of the Agenda “On approval of the restated Articles of Association” the decision was adopted unanimously.

1. To approve the new edition of the Charter of the company.
2. To carry out measures for registration of the Charter in authorized bodies and other necessary actions in accordance with the legislation of the Republic of Kazakhstan.
3. To assign the Chairman of the Management Board of the Rakhat Joint Stock Company, Mr. Konstantin Viktorovich Fedorets, with the authority to sign the Charter of the company, as well as to carry out any other actions and sign any other documents related to state registration, in the manner prescribed by the legislation of the Republic of Kazakhstan.

Shareholders holding 3 442 817 votes in total took part in the voting. Voted: “For” – 3 442 817 votes or 100%, “Against” – none, “Abstained” – none.

On the fifth item of the Agenda «On approval of the audited consolidated financial statements of Rakhat JSC for 2020″, it was unanimously resolved as follows:

– To approve the audited consolidated financial statements of Rakhat JSC for 2020 taking into account the report of independent auditors.

Shareholders holding 3 442 817 votes in total took part in the voting. Voted: “For” – 3 442 817 votes or 100%, “Against” – none, “Abstained” – none.

On the sixth item of the Agenda “On approval of the procedure of distribution of net income of Rakhat JSC for 2020. On making of the decision on payment of dividends on ordinary shares.  On approval of the amount of dividend per one ordinary share of Rakhat JSC” it was unanimously resolved as follows:

1. To distribute the net income of Rakhat JSC derived from the results of financial and economic activity of Rakhat JSC in 2020 in the following order:

• To allocate part of net income in the amount of 6.058.800.000 (six billion fifty-eight million eight hundred thousand) tenge 00 tiyn to the payment of dividends on ordinary shares of Rakhat JSC;
• To set the amount of dividend per 1 (one) ordinary share at the amount of 1 683 (one thousand six hundred and eighty-three) tenge 00 tiyn;
• Not to distribute the remaining part of the net income of Rakhat JSC after payment of dividends and leave it in the retained earnings account of the Company.

2. To establish the following procedure and form of dividends payment:

• – Start date for payment of dividends – May 17, 2021;
• – No payout period of dividends shall be set;
• – Date of compiling the list of Shareholders entitled to receive dividends – April 29, 2021;
• – Payment of dividends shall be made in cash at the Company’s place of business, or by bank transfer;
• – Dividends shall be paid without the involvement of a paying agent.

Shareholders holding 3 442 817 votes in total took part in the voting. Voted: “For” – 3 442 817 votes or 100%, “Against” – none, “Abstained” – none.

On the seventh item of the Agenda “On early termination of powers of BAEK KWANGHYEON, member of the Board of Directors of Rakhat JSC” it was unanimously resolved as follows:

• To early terminate the powers of a member of the Board of Directors of Rakhat JSC BAEK KWANGHYEON from the date of this decision.

Shareholders holding 3 442 817 votes in total took part in the voting. Voted: “For” – 3 442 817 votes or 100%, “Against” – none, “Abstained” – none.

On the eighth item of the Agenda “On the election of a new member of the Board of Directors of Rakhat JSC” it was unanimously resolved as follows:

• To elect HWANG SUNG-WOOK as a member of the Board of Directors of Rakhat JSC.

Shareholders holding 3 442 817 votes in total took part in the voting. Voted: “For” – 3 442 817 votes or 100%, “Against” – none, “Abstained” – none.

On the ninth item of the Agenda “On Shareholders’ appeals against the actions of Rakhat JSC and its officials and the results of their consideration in 2020” it was unanimously resolved as follows:

• To take into account the information on appeals of Shareholders of Rakhat JSC against the actions of Rakhat JSC and its officials and results of their consideration in 2020.

Shareholders holding 3 442 817 votes in total took part in the voting. Voted: “For” – 3 442 817 votes or 100%, “Against” – none, “Abstained” – none.