Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 230

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 230
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 the issuance of the corresponding shares;  
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  approve the chief executive officer’s annual report together with the board of directors’ report and the board of directors’  

  determine the maximum amount of resources allocated to share repurchases; and  

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  approve any transaction representing 20% or more of our consolidated assets during any fiscal year.  

General extraordinary shareholders’ meetings will be
those called to consider:

  an extension of our duration or voluntary dissolution;  

  an increase or decrease in the fixed portion of our capital stock and the issuance of the outstanding stock;  
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  issuance of shares for purposes of a public offering;  

  any change in our corporate purpose or nationality;  
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  any merger or transformation into another type of company;  
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  any issuance of preferred stock;  

  the redemption of shares with retained earnings;  

  any amendments to our by-laws including amendments to provisions addressing change of control;  
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  any other matters provided for by law or our by-laws; and  

  the cancellation of the registration of shares at the Mexican National Securities Registry.  

A special shareholders’ meeting, comprising a single
class of shares, may be called if an action is proposed to be taken that may only affect such class. The quorum for a special meeting
of shareholders and the vote required to pass a resolution at a special Series B shareholders’ meeting are identical to those
required for extraordinary meetings of shareholders, except that the calculations are based upon the number of outstanding Series B
shares.

Except as described below, the attendance quorum for general
ordinary shareholders’ meetings will be 51% of the outstanding capital stock, and resolutions may be taken by a majority of the
capital stock represented therein. If the attendance quorum is not met upon the first call, a subsequent meeting may be called, the attendance
quorum of which will also be 51% of the outstanding capital stock and resolutions may be taken by a majority of the capital stock represented
at such meeting. Except as described below, the attendance quorum for general extraordinary shareholders’ meetings will be at least
75% of our