MINUTES OF THE ORDINARY SHAREHOLDERS’ MEETING OF
INMOBILIARIA CLUB DE GOLF Y DEPORTES LAS BRISAS S.A.
In Las Brisas de Santo Domingo, on April 29, 2022, at 5:00 p.m., the Board took place
Ordinary Shareholders of INMOBILIARIA CLUB DE GOLF Y DEPORTES LAS BRISAS S.A. which is
carried out at the registered office located at El Club de Golf Las Brisas, Commune of Santo Domingo, and
which was attended by the following shareholders personally or duly represented:
ACTIONS
SHAREHOLDER REPRESENTED
BY Sl BY PROXY
Real Estate Las Brisas S.A. José Tomás Covarrubias 3137
Ramon Achurra Larrain 3
Rodrigo Alarcon Jara 3
Miguel Bernat Cramer 3
María Luisa Domínguez Valdés 3
Jorge Fernandez Garcia 3
Rodrigo Fernandez Riesco 3
Tomas Flanagan Simonsen 3
Elfridia Garcia Fuentes 3
Francisco Gardilcic Rimassa 3
Teresa Hurtado Cruzat 3
Guido Iñiguez Elizalde 3
Juan Guillermo Lopetegui Delgado 3
Sergio Pizarro Valenzuela 3
Carlos Rivas Padilla 3
Andres Ureta Achurra 3
Eduardo Valenzuela Vaillant 3
Miguel Vatter Hirsch 3
Ricardo Waidele Cortes 3
Aldo Zerbi Torres 3
Total 12 3,182
3.194
53,23%
TOTAL NUMBER OF ATTENDING ACTIONS
The Meeting was attended personally or duly represented 3,194 shares, corresponding to the
53.23% of the total voting shares of the company.
PRESIDENT AND SECRETARY OF THE BOARD
The Board was chaired by Mr. Tomás Flanagan Simonsen (Director) and acted as Secretary Mr. Eduardo
Valenzuela Vaillant.
ATTENDANCE LIST
In accordance with the provisions of Article 71 of the Regulations of Corporations, shareholders
assistants proceeded to sign the attendance list, in the manner determined by that provision,
Document to be filed with the company. 7) A
QUALIFICATION OF POWERS
It was recorded that no shareholder previously requested, in writing or otherwise, the qualification
of powers. The Board unanimously approved the powers with which some
shareholders, which will be filed in the company.
LEGAL CONSTITUTION OF THE BOARD
By reason of the presence or representation of shareholders holding shares representing the
53.23% of the shares issued by the company, who chairs the meeting, declared legally constituted the
Meeting. In addition, it asked the Chamber whether any representative of the Commission on the
Financial Market, without anyone identifying themselves as such.
FORMALITIES OF CONVOCATION AND SUMMONS TO THE BOARD
Secretary Eduardo Valenzuela Vaillant explained that this Ordinary Meeting was convened by
Board resolution adopted at the meeting held on March 30, 2022. He also said that
informed the shareholders of the conduct and purpose of the Meeting by letter sent by ordinary mail with
date March 22, 2022, On April 28 of the same year was communicated to the Market Commission
Financial, the conduct and content of the Meeting. He also stated that the notices of summons to the Board
were published in the newspaper El Libero, of the City of Santiago, on April 13, 14 and 18, 2022.
PARTICIPATION IN THE BOARD
All shareholders holding shares registered in the Registry were entitled to participate in the Meeting.
of Shareholders of the company with 5 business days in advance to April 29, 2022. It was recorded,
In addition, that there are no transfers, transmissions or transactions of shares pending
registration in the Register of Shareholders.
DESIGNATION OF SHAREHOLDERS WHO WILL SIGN THE MINUTES
It is appropriate in accordance with the law that the minutes of this Meeting be signed by two attending shareholders
to the same, in addition to the general manager Mr. Eduardo Valenzuela Vaillant. Shareholders
designated are Don Rodrigo Alarcón Jara and Don Ricardo Waidele Cortés
BOARD
The chairperson of the session said that this Board had been summoned in order to deal with its own matters.
of any Ordinary Meeting and, in particular, the following:
Examination of the situation of society;
Approval of the report, balance sheet and report of the external auditors;
The distribution of the results of the exercise;
The appointment of external auditors;
The designation of the newspaper where the social publications are to be made;
Other matters of the Ordinary Meeting.
DARIONS
PROPOSAL OF AGREEMENTS
The chairperson of the board proposed to the board that the following resolutions be adopted:
1. I propose that the loss of the year amounts to M$ 90,727, which is explained by 90.2%
for the depreciation of constructed assets, 4.4% for administrative expenses and 5.4% to
U.F. adjustments, which were reversed as non-operating income, are recognized as low
the name “Fiscal year 2021 losses” and will be added to the accumulated loss of fiscal years
Previous. For this reason, it is not appropriate to distribute dividends.
2. It is proposed to continue with the services of “AGN ABATAS Auditores Consultores Ltda.” For the
next year.
3. Designate the electronic newspaper “El Libero” as the newspaper to carry out social publications
required by law.
AGREEMENTS
1- The General Meeting unanimously approved the balance sheet, financial statements and annual report
2021. It also approved the report of the external auditors.
2- Likewise, regarding the distribution of the results of the year, the meeting unanimously approved
that the loss of the year amounting to M$ 90,727 which are mainly explained by the
Depreciation of constructed assets held by the company. For that reason, it is not appropriate to allocate
Dividends.
3- The final balances of the different accounts of the estate, once the losses have been distributed
agreed, are as follows:
Equity Accounts
_ in MS)
Paid-in capital 10,664,688
Other Reserves (260,114)
Cumulative Results (1,944,054)
Losses of the year (90,727)
Total, Net Worth 8,369,793
4- Unanimously, the Board agreed to appoint the firm “AGN ABATAS Auditores Consultores Ltda.”
as independent external auditors, for the purpose of examining during the
fiscal year 2021 the accounting, inventory, balance sheet and other financial statements of the Company.
5- Unanimously, the Board agreed to designate the electronic newspaper “El Libero” to carry out in it the
Social posts.
INFORMATION ON CHANGES IN ACCOUNTING POLICIES
In accordance with the instructions of the Financial Market Commission, the board was informed that the
Balance sheets and financial information of the Company since 2011 have been reformulated in accordance with
with International Financial Reporting Standards (IFRS). This has caused some change in the
criteria for depreciation of assets and changes in currency correction values, which according to
explains in the report and the balance sheets analyzed, has contributed to increase the losses of the period with
compared to previous periods.
BOARD OF DIRECTORS EXPENSES
In accordance with the provisions of the final paragraph of Article 39 of Law 18,046, the Board was informed that
This € Law
the Company’s Board of Directors, during fiscal year 2021, did not incur expenses.
COMPLIANCE WITH AGREEMENTS
The Board, unanimously, agreed to carry out the resolutions of this Board of course, without waiting, the
Approval of its minutes in a subsequent one, it being sufficient that this act is duly found
signed by the chairperson of the meeting, the General Manager and the shareholders who have been appointed for it.
REDUCTION TO PUBLIC DEED
The Board unanimously agreed to appoint Mr. José Tomás Covarrubias Valenzuela and Mr. Eduardo
Valenzuela Vaillant so that any one of them reduces to public deed all or part of the
This Minutes.
The meeting rose at 5.45 p.m.
And
Thomas Flanagan Simonsen
Vaillant
AS nea
Rodrigo Alarcon Jara Ricardo Waidele Cortes
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=1eedaf9a895fe005ebe4579d384a6858VFdwQmVVMXFRVEpOUkVsNFRsUnJlVTFCUFQwPQ==&secuencia=-1&t=1682376108
