Annual report 2010

of d irectors o f th e jo int-stock c ompany or a ny a ctsimpairing the situation of shareholders as compared wi ththe ex isting situation ( specifically, t he b oard o f d irectorsmust not a dopt a ny de cision before t he e xpiration o f t heplanned period for acquiring shares to issue any additionalshares, issue any securities convertible into shares, or issueany s ecurities g ranting th e r ight to acquire s hares in thecompany even if such decision may be adopted inaccordance with the articles of association)55 The a rticles o f a ssociation of th e j oint-stock c ompanyspecify th at an i ndependent ap praiser is m andatorilyengaged to appraise the current market value of shares andpotential c hanges i n t heir m arket value due t o c ompanyacquisition56 The ar ticles of as sociation o f t he j oint-stock company d onot specify that any acquirer is not obligated to propose thatshareholders s ell th eir ordinary s hares in th e co mpany(issue-grade securities convertible i nto o rdinary s hares)upon company acquisition57 The a rticles o f as sociation or in ternal d ocuments o f t hejoint-stock company specify that an independent appraiseris m andatorily e ngaged t o d etermine t he s hare co nversionratio in the event of reorganization58 The board of directors has approved an internal documentthat l ays down th e jo int-stock c ompany’s ru les a ndapproaches ap plicable to disclosure of information(regulations for information policy)NoncomplianceComplianceNoncomplianceDisclosure of InformationComplianceThe Articles of Association of the Companydo not contain this provision.Implemented in acc ordance wi th t herequirements s et forth i n t he Fed eral L aw“On Joint-Stock Companies.”The Articles of Association of the Companydo not contain this provision.The Articles o f As sociation and in ternaldocuments of the Company do not containthis provision.Implemented in accordance with therequirements set f orth i n the Fed eral Law“On Joint-Stock Companies.”The B oard of Directors of t he C ompanydecided on N ovember 1 9, 200 9, t o approvethe Regulations for Information Policy of theCompany.