CPL CONCORDIA COMPANY THE NEW GOVERNANCE SHAREHOLDERS' ASSEMBLY

The highest governing body of CPL CONCORDIA

The Shareholders' Assembly (which may be convened in either an Ordinary and Extraordinary manner) rightfully includes all the cooperating shareholders, and, if required by the resolution of the issue, by the investor partners and honorary partners as well. It represents CPL's highest ranking body, and is responsible (as required by the Articles of Association) for approving the annual budget, electing the members of the Board of Directors, appointing the other corporate officers, and deliberating on the matters foreseen by the Articles of Association, as well as any issues submitted to it for examination by the Board of Directors. The Assembly can prepare specific recommendations and suggestions for improvement, to be submitted to the Board of Directors.

The Shareholders' Assembly is flanked by the Special Assembly of Cooperative Shareholders, whose common representative may attend the meetings of the Shareholders' Assembly in order to verify the implementation of the cooperative shareholders' development plans, thereby protecting the interests of the represented category.