The annual meeting did not take place because Uchkuna's major shareholder did not attend

The annual general meeting of shareholders of the Uchkun company, scheduled for April 23, did not take place. The reason was the lack of a quorum; shareholders holding only 9.2% of the voting shares attended the meeting.

A representative of the key shareholder—the Presidential Administration, which held 98.929% of the shares as of the end of 2025—did not attend the meeting. Without the participation of the controlling shareholder, it is impossible to secure a quorum.

Minority shareholders, who collectively held less than 1% of the shares as of the end of last year (0.346% held by individuals and 0.654% by legal entities), are unable to influence the course of corporate proceedings. As a result, the entire agenda—from the approval of the 2025 annual report to the appointment of an auditor and the approval of the 2026 budget—remained unaddressed.

On the same day, the board of directors decided to hold a repeat meeting. It is scheduled for May 14, and the agenda will remain unchanged.