CONDITIONS FOR CONDUCTING MEETING OF SHAREHOLDERS

Question:

Law stipulates how the conditions under which the General Meeting of Shareholders. Sincerely thank

Reply to:

Pursuant to Article 102 of the Enterprise Law 2005 stipulates as follows:

1. The General Meeting of Shareholders shall be conducted when the number of shareholders representing at least 65% of the total shares with voting rights; by specific percentages stipulated in the company charter.

2. If the first meeting is not eligible to proceed under the provisions of paragraph 1 of this Article shall be convened for the second time within a period of thirty days from the date planned for the first meeting. A meeting of the General Meeting of Shareholders convened for the second time was conducted when the number of shareholders representing at least 51% of the total shares with voting rights; by specific percentages stipulated in the company charter.

3. Where a meeting convened for the second time are not eligible conducted under the provisions of paragraph 2 of this Article shall be convened for the third time within twenty days from the date planned for the second meeting. In this case, the meeting of the General Meeting of Shareholders to be carried out irrespective of the number of shareholders and percentage of shares with voting rights of the shareholders attending the meeting.