“Ala-Too Resort” will increase its authorized capital by 802.4 million KGS

“Ala-Too Resort” will increase its authorized capital by more than 800 million KGS to finance the mountain resort of the same name. The company’s sole shareholder adopted the corresponding resolution on June 8.

The company’s authorized capital will increase from 4.68 billion to 5.48 billion KGS through the issuance of additional common registered shares. The company will issue 802,378 new book-entry shares with a par value of 1,000 KGS each. The total amount of the offering will be 802.4 million KGS. The offering will be conducted privately in favor of the sole shareholder—the Cabinet of Ministers.

Payment for the additional shares will be made using funds received by “Ala-Too Resort” in accordance with the decrees of the President of the Republic dated February 2 and May 15, 2026.

At the same time, the company has changed the structure of its board of directors. The executive body will consist of three members, and the position of executive director has been eliminated. The board of directors now consists of:

• Zharkynbek Maksutov — Chairman of the Board;
• Baktybek Narbekov — Member of the Board, Chief Financial Officer;
• Ulanbek Kalmanbetov—Board Member, Director of Construction.

As noted in the issuer’s announcement, the decisions adopted are aimed at refining the company’s organizational structure and securing funding for the “Ala-Too Resort All-Season Mountain Cluster” project, which has the status of a project of national importance.