000 ==
:Telephone
Santiago, December 22, 2022.
Mrs.
Solange Berstein Jáuregui
President
Financial Market Commission
Present
TELEFÓNICA CHILE S.A.
Registration Registry of Securities N*009
ESSENTIAL FACT
From our consideration:
In compliance with the provisions contained in articles 9 “and in the second paragraph of article 10 of
Law No. 18.045, on the Securities Market, to the rules of continuous information contained in the Standard
of General Character N* 30 of the Commission for the Financial Market (CMF), and duly empowered by the
Directory of Telefónica Chile S.A. (the “Company” or the “Company”), I inform you, as an essential fact,
that at a meeting of its Board of Directors held yesterday, it was agreed as follows:
l.- To summon an Extraordinary Shareholders’ Meeting (the “Meeting”) to be held, in person, on the day
Wednesday, January 4, 2023, at 4:30 p.m., in the Company’s Corporate Building, located at
Avenida Providencia N*111, piso 1, commune of Providencia, Región Metropolitana, to treat the following
matters:
1. Decrease the share capital with respect to the six unsubscribed and unpaid shares from the
capital increase agreed at the Extraordinary Shareholders’ Meeting held in August 2022.
2. Increase the capital by up to $65,000,000,626, or such amount as may be determined by the Board, through the
issue of 76,201,642 payment shares, or those determined by the Meeting, to be subscribed and paid by
the current shareholders.
3. Modify the following articles of the Company’s Bylaws:
1. Fourth, relating to the course of the Company, eliminating the reference to the expression “direct or
indirectly” in the lyrics e), f), (g) and h). The foregoing in response to ordinary letter N*72527
of the CPM of September 2022, indicating that the current wording (by directly indicating or
indirectly) could contain indeterminacy of the turn.
2. Fifth and First Transitory, accounting for the decrease and increase of capital before
indicated.
3. Fifteenth, indicating that the Board of Directors will define the form of summoning meetings of
Directory.
4. Establish a consolidated text of the Company’s Bylaws in order to contain them in a single
text.
5. Adopt all other agreements and grant all the powers that are necessary to materialize
whatever is agreed at the Board.
The holders of shares registered in the Register of
Shareholders, at midnight on the fifth business day preceding the day of its celebration. The qualification of powers
for the Meeting, if applicable, it will be held on the same day of its celebration, prior to its beginning, in the place of
Operation of the same.
IL.- Not to distribute provisional dividend charged to the profits of the year 2022 and to comply with the
dividend policy, so that it is the Shareholders’ Meeting that pronounces, during the first
Four-month period of next year, about the proposal for the distribution of a definitive dividend, which would be
presented by the Board of Directors at the appropriate opportunity.
Considering that the threat of the global pandemic of Covid-19 still continues in our country, it is that in
the Board will consider the necessary measures of capacity, social distance and will be available to those who
you want masks for use during the meeting and other measures that may be established by the Ministry
of Health for the date of celebration of the Meeting.
Yours sincerely yours,
GLADYS MARINA Digitally signed by
GLADYS MARINA
SOURCES SOURCES ESPINOZA
Date: 2022.12.22
ESPI NOZA 13:23:26 -03’00’
Gladys Fuentes Espinoza
Secretary General and of the Board of Directors
p.p. Telefónica Chile S.A.
Link to the file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=5d552ae9615634c0bb44f3a2c5d59b46VFdwQmVVMXFSWGxOUkZFMFRtcFplRTVuUFQwPQ==&secuencia=-1&t=1682376108
