The General Meeting shall be empowered to:

  1. Amend the Articles of Association;
  2. Increase and reduce the share capital of the Company;
  3. Reorganise and terminate the Company;
  4. Elect and release the members of the Board of Directors, the Company’s Secretary, and determine the remuneration of the members of the Board of Directors, including their right to receive a part of the Company’s profits as well as to obtain shares or debentures of the Company;
  5. Appoint and release a certified public accountant;
  6. Approve the Company’s annual financial statements after their certification by the certified public accountant;
  7. Resolve on the issuance of debentures;
  8. Appoint liquidators upon termination of the Company, except in the case of bankruptcy;
  9. Discharge the members of the Board of Directors from liability;
  10. Resolve on distribution of profit, on replenishment of the Reserve fund and paying out of dividends;
  11. Resolve on any other matter reserved for its competence by virtue of a law and/or the Articles.