On April 26, 2024, at 14:00, the Annual General Meeting of Shareholders of JSC State Development Bank of the Kyrgyz Republic was held at 17 Razzakova Str., Bishkek. The quorum of the meeting is 100%.

Decisions adopted by the General Meeting of Shareholders:
1. To approve the accounting commission represented by the representative of the independent registrar of the LLC “Fondregister” Turdukeeva G. N.

2. To approve the report of the Board of Directors of JSC State Development Bank of the Kyrgyz Republic for 2023.

3. To approve the report of the Management Board on the results of activities and budget execution of JSC State Development Bank of the Kyrgyz Republic for 2023.

4. Approve the financial statements of JSC State Development Bank of the Kyrgyz Republic (annual balance sheet, profit and loss statement) for 2023.

5. To approve the following procedure for the distribution of net profit of JSC State Development Bank of the Kyrgyz Republic for 2023 in the amount of 559,643,596 soms, the amount and procedure for the payment of dividends for 2023:
5.1) 75% of net profit in the amount of 419,732,697 soms should not be distributed and left at the disposal of the Bank;
5.2) direct 25% of net profit in the amount of 139,910,899 soms to the payment of dividends to the shareholder;
5.3) Define:
• the amount of dividends per common share is 8.32 SOM;
• the form and procedure for payment of dividends – in cash in non-cash form by transferring funds in equal tranches to the current account of the shareholder;
• the place of payment of dividends is Bishkek, 17 Razzakova str., JSC “State Development Bank of the Kyrgyz Republic”;
• the final date of registration of shareholders entitled to receive dividends is March 28, 2024;
• the date of commencement of dividend payment is from May 1, 2024 to August 20, 2024 in equal 4 tranches.

6. Take note of the conclusion of the independent auditor on the results of the audit of the financial statements for 2022-2023 and the consolidated financial statements of JSC State Development Bank of the Kyrgyz Republic for 2023.
6.1. The Board of Directors of JSC State Development Bank of the Kyrgyz Republic, taking into account the results of the audit of the Bank’s consolidated financial statements for 2023, to consider and submit a proposal to the Ministry of Finance of the Kyrgyz Republic regarding the transfer of part of the dividends received from the activities of Alfa Telecom CJSC for 2023.

7. To approve the Corporate Governance Code of JSC State Development Bank of the Kyrgyz Republic.

8. To approve the budget of income/expenses and capital expenditures of JSC State Development Bank of the Kyrgyz Republic for 2024.
8.1. To grant the Board of Directors the authority to make and approve adjustments between groups of income and expense items within the main indicators of the approved budget of JSC State Development Bank of the Kyrgyz Republic for 2024.
26.04.2024