Uchkuna shareholders did not approve the expenses of the board of directors and the internal auditor

At the repeat annual meeting, Uchkun shareholders failed to approve several key issues related to the expenses for maintaining the board of directors and the company’s internal auditor.

According to the decisions of the meeting held on May 14, shareholders did not approve:

• the execution of the budget for the maintenance of the board of directors for 2025;
• the execution of the budget for the maintenance of the internal auditor for 2025;
• the budget for the maintenance of board members for 2026;
• the budget for the internal auditor’s expenses for 2026.

According to the disclosure statement, the board of directors of Uchkun OJSC consists of three members: Chairman Boronbay uulu Tologon, as well as board members Abdykadyr Sultanbaev and Adilet Orozmatov. The shareholders elected Timur Tashkulov as the internal auditor for 2026 and approved Kreston Bishkek LLC as the Company’s auditing firm.

The remaining items on the agenda were approved. Shareholders approved the financial statements and the company’s budget for 2026, the CEO’s report, and also elected an internal auditor and approved the auditing firm.

It should be noted that this is already the second attempt to hold the annual shareholders’ meeting of “Uchkuna.” The first, scheduled for April 23, did not take place due to a lack of quorum—only owners of 9.2% of the voting shares participated.

As previously reported by “Akchabar”, no representative from the Presidential Administration, which owns 98.929% of the company’s shares, attended the meeting. It was impossible to hold the meeting without the participation of the controlling shareholder.

The rescheduled meeting on May 14 took place with a quorum of 99.69%.