FINANCIAL REVIEW

Details of the names of the parties related to the realization (value) of related party transactions are presented in note No. 45 in the Financial Statements attached to this Annual Report. These related transactions are business activities carried out to generate business income and are carried out routinely, repeatedly, and/or continuously.

TRANSACTION REVIEW MECHANISM POLICY

All transactions with related parties must go through a review mechanism in accordance with what has been determined by the Company. All transactions and significant balances with related parties are carried out on normal and fair terms. Transactions with related parties are carried out based on terms agreed by both parties, where these terms may not be the same as transactions made with unrelated parties. The terms and conditions of transactions with related parties are carried out as with those with third parties, and are reviewed by the Audit Committee and must obtain approval from the Board of Commissioners.

COMPLIANCE WITH RELATED REGULATIONS

In 2021, there were no violations of laws and regulations related to transactions with related parties.

CHANGES IN LEGISLATION AND THE IMPACT