(MH elecmetal
ESSENTIAL FACT
COMPANY ELECTRO METALÚRGICA S.A.
REGISTRATION IN THE SECURITIES REGISTER N*45
Santiago, September 30, 2022
Mrs.
Solange Berstein J.
Chairman Financial Market Commission
Avda. Libertador Bernardo O’Higgins 1449
Present
From our consideration:
In accordance with Article 9? and the second paragraph of Article 10% of Law N*
18.045, of the Securities Market, the undersigned, duly empowered for this purpose, informs in character
of Essential Fact of Compañía Electro Metalúrgica S.A. (the “Company”) that, in session of
Board of directors held on September 29, 2022, approved a new General Policy of
Regularity for Operations with Related Parties of the Company, which accompanies the
present as an annex.
This policy will be available to the shareholders of the Company at the registered offices and
on the Company’s website, in accordance with the provisions of paragraph b) of article 147
of Law No. 18.046.
Without further particular, he greets you sincerely, A
ENERAL ELO
pp. Electro Metalúrgica S.A. Company
CC: Nyoisa de Comercio de Santiago
1 F Electronic Stock Exchange of Chile,
TS elecmetal
General Regularity Policy for Operations with Related Parties of
Electro Metalúrgica S.A. Company
Introduction
In accordance with the provisions of paragraph b) of the second paragraph of article 147 of the
Law N*18.046 de Sociedades Anónimas (“LSA”), Compañía Electro Metalúrgica S.A. (the
“Company”), as an open corporation, establishes the following policy
general of regularity (the “Policy”) with respect to those operations that are
ordinary in consideration of its business, so that the Company can execute such
operations with related parties without the need to comply with formalities and
Procedures established in numbers 1) to 7) of the first paragraph of the aforementioned
article, to the extent that they comply with the requirements established in this Policy.
The Policy was approved at the Company’s Board of Directors meeting held on June 29.
September 2022, having been pronounced on the matter by the Directors’ Committee,
is published on the Company’s website (www.elecmetal.cl) and available
for shareholders at their offices located at Avenida Andrés Bello N*2,233, 11th floor,
commune of Providencia, Santiago.
Object
To. To be included in this policy, an operation not only has to be habitual, but
that the ordinary character of the same must be functional to the turn of the Company, this
is:
(a) Industrial and commercial activities in the field of metallurgy;
b) Investment and/or exploitation, direct and indirect, in activities related to
glass and packaging industry in general, mining, industrial chemicals, shipping,
forestry, agro-industrial, fisheries construction, tourism, media
transport, processing and marketing of consumer goods and
media;
c) Carry out health and real estate activities, especially those that
consist of giving and / or taking in lease and, in general, any other form of
cession of use or temporary enjoyment of furnished or unfurnished properties;
d) Import, export and, in general, marketing of goods, products,
raw or semi-finished materials relating to activities which,
As indicated above, they are included in the corporate purpose; and
e) Provision of administration and advisory services to third parties (related or
no), whether they are related to activities properly in the category
metallurgical or administration and advice to corporate work in general.
B. In consideration of the above, the board of directors of Compañía Electro Metalúrgica S.A.
establishes that the following operations are usual and ordinary in consideration
To the social turn:
1. The acquisition of scrap metal, unused and used steel parts and all kinds of
parts, supplies and materials required to manufacture the products
included in the social turn;
2. The acquisition of new steel parts to carry out the activities
included in the social turn;
3. The sale of spare parts for steel and all kinds of steel, whether such
products whether they are finished or not;
4. The contracting of electric energy and all kinds of hydrocarbons and fuels,
and all home services that may be required for adequate
operation of its industrial, commercial and office establishments;
5. The contracting of services related or complementary to the social sector, such as
unloading and storage services; Research services in the field of
metallurgy and foundry; import, export, sale and purchase and sale services
distribution of steels and other metals; computational, computer services and
telecommunications; financial advisory services; legal services; between
other;
6. The conclusion of contracts for land, air and sea carriage, and
chartering;
7. The contracting of advertising in social media;
8. Giving and/or leasing real estate;
9. Financing operations, including mutual contracts, current account
commercial and any other modality that allows the company to have the
resources that require or make available to entities related to their
cash surpluses; and
10. The usual and ordinary operations of its subsidiaries and non-metallurgical affiliates.
C. In view of the foregoing paragraph, they are already considered as
Usual transactions with related parties, merely by way of example:
2
1. Purchase and sale of parts, services and materials with Fundición Talleres Ltda.;
2. Purchase and sale of parts, services with ME Global Inc.;
3. Purchase and sale of parts and services with ME Elecmetal (China) Co., Ltd.;
4. Purchase and sale of parts and materials with Esco Elecmetal Fundición Ltda.;
5. Purchase and sale of parts and services with ME Hong Kong Trading Co., Ltd.;
6. Purchase and sale of services with ME Australia;
7. Purchase and sale of services with ME Mongolia;
8. Purchase and sale of parts and services with ME Zambia;
9. Purchase and sale of parts and services with ME Peru;
10. Purchase and sale of parts and services with ME Mexico;
11. Purchase and sale of parts and services with ME Brasil;
12. Purchase and sale of products and services with Sociedad Anónima Viña Santa Rita and
donations to the Andean Museum of the Claro Vial Foundation;
13. Purchase and sale of products and services with Cristalerías de Chile S.A.;
14. Contracting of maritime freight with Compañía Sud Americana de Vapores S.A.;
15, Contracting of unloading and storage services with Sud Americana Agencies
Marítimas S.A.;
16. Interest on loans to Minera Las Vegas and Inversiones Elecmetal S.A.;
17. Donations to Friends of the Cultural Heritage of Chile and Society for the Protection of the
Infancy;
18. Contracting of legal services to law firm Juan Agustín Figueroa Y. and
Claro £ Co.;
19. Contracting advertising with Ediciones Financieras S.A.;
20. Contracting services with Servicios y Consultorías Hendaya S.A.; and
21. Contracting services with Servicios Compartida Ticel Ltda.
Requirements
In any case, notwithstanding the list contained in this Policy, in accordance with the
literal b) of the second paragraph of article 147 of the LSA, all the operations that the
3
Company usually celebrates with related parties, they must always comply with
The following requirements:
i. – Aim to contribute to the social interest;
ii. Adjust in price, terms and conditions to those that prevail in the
market at the time of approval; and
iii. Do not commit more than 10% of the social asset.
Validity
This policy of regularity will enter into force from the date of its
Approval by the Board of Directors, that is, on September 29, 2022, and will remain in force
as long as the Board of Directors of the Company does not agree to its modification. In that case, the
relevant amendments will be made available to the Commission for the Market
Financial, and the advertising requirements demanded by the LSA will be met.
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=9c2dabb9ae9174f137dc3af6b824f39cVFdwQmVVMXFRVFZOUkUwelQxUkJlRTVSUFQwPQ==&secuencia=-1&t=1682376108
