General Shareholders Meeting
GRI 2‑9

The General Shareholders Meeting is the supreme body through which shareholders exercise their right to participate in the Company’s governance. The procedure for shareholders to participate in corporate governance, and the scope of authority, timing and procedure of the General Shareholders Meeting or absentee voting are defined in FESCO’s Articles of Association and Regulations on the General Shareholders Meeting as required by the applicable laws.

In 2025, two General Shareholders Meetings were held: one Annual General Meeting and one Extraordinary General Meeting

On 30 June 2025, an Annual General Shareholders Meeting was held – the meeting was held in person for the first time since 2019. The General Shareholders Meeting considered the following items:

  • election of the new Board of Directors;
  • appointment of the auditor for 2025;
  • profit (including dividend payment) and loss distribution based on performance in 2024;
  • approval of the revised Articles of Association.

On 23 December 2025, an Extraordinary General Shareholders Meeting in the form of absentee voting was held, where the following items were considered:

  • approval of the revised Regulations on the Sole Executive Body;
  • approval of the revised Regulations on the Executive Board;
  • approval of the revised Regulations on the Board of Directors;
  • termination of the Regulations on Remuneration and Compensation for FESCO’s Board of Directors.

To foster the most comfortable and favourable conditions for all shareholders to exercise their rights, the Company adheres to the following recommendations of the Corporate Governance Code:

  • the deadline for shareholders to propose agenda items for the Annual General Shareholders Meeting and nominate candidates to the Board of Directors is set to 1 March of the year following the reporting year;
  • a notice of the General Shareholders Meeting or absentee voting is published on the Company’s website at www.fesco.ru at least 30 days prior to the date of the General Shareholders Meeting;
  • FESCO employees advise minority shareholders on exercising their rights (participation in General Shareholders Meetings / absentee voting, inheritance, sale and purchase of shares, buyback, information and other matters);
  • additionally, shareholders can communicate with the Company via IR@fesco.com or the Company’s contact centre;
  • the possibility of voting using an electronic voting system in the shareholder’s account on the website.

Shareholder register

FESCO’s shareholder register is kept and maintained by Novy Registrator JSC (perpetual licence of a professional securities market participant to maintain registers of securities holders No. 045‑13951‑000001 issued by the Federal Financial Markets Service on 30 March 2006).

The registrar is located at: 30 Buzheninova St., Bld. 1, floor/office/room 2/VI/32, Moscow, 107996.

The Far‑Eastern Branch of Novy Registrator is responsible for servicing FESCO shareholders in Vladivostok. It is located at: 8 Lazo St., 5th floor, Vladivostok, Primorye Territory, 690091.

Information on shareholder support in other Russian cities is available at www.newreg.ru