General Meetings of Shareholders

The General Meeting of shareholders has the exclusive competence to resolve on the following matters:

1. To amend and complement the Articles of Association of the Sopharma
2. To increase and decrease Sopharma’s capital;
3. To transform and wind up the Company;
4. To specify the number, to elect and dismiss members of the Board of Directors and determine their remuneration;
5. To appoint and dismiss chartered accountant/s/;
6. To approve the annual financial statement after certification by the appointed chartered accountant/s/;
7. To appoint the liquidators in the event of Company winding-up except in cases of insolvency;
8. To relieve the members of the Board of Directors from liability after accepting the report of its activities;
9. To resolve on the issue of bonds;
10. To distribute the profit;
11. To grant the Board of Directorsthe power to conclude transactions under Art. 114, Par. 1 of the Law on public offering of securities;
12. To resolve on any other matters within its competence granted by law or by the Articles of Association.