Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 216

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 9
Chunk 216
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 General Regulations require the Mexican Stock Exchange
to adopt minimum requirements for issuers that seek to list their securities in Mexico. These requirements relate to operating history,
financial and capital structure, and minimum public floats applicable to shares of public companies, among other things. The General Regulations
also require the Mexican Stock Exchange to implement minimum requirements (including minimum public floats) for issuers to maintain their
listing in Mexico. These requirements relate to the issuer’s financial condition, capital structure and public float, among others.
The CNBV may waive some of these requirements in certain circumstances. In addition, some of the requirements are applicable for each
series of shares of the relevant issuer.

The CNBV’s approval for registration with the RNV does
not imply any kind of certification or assurance related to the investment quality of the securities, the solvency of the issuer, or the
accuracy or completeness of any information delivered to the CNBV or included in any offering document.

The Mexican Stock Exchange may review compliance with the
foregoing requirements and other requirements at any time, but will normally do so on an annual, semi-annual and quarterly basis. The
Mexican Stock Exchange must inform the CNBV of the results of its review, and this information must, in turn, be disclosed to investors.

If an issuer fails to comply with any of these minimum requirements,
the Mexican Stock Exchange will request that the issuer propose a plan to cure the violation. If the issuer fails to propose a plan, if
the plan is not satisfactory to the Mexican Stock Exchange, or if an issuer does not make substantial progress with respect to the implementation
of the corrective plan, trading of the relevant series of shares on the Mexican Stock Exchange may be temporarily suspended. In addition,
if an issuer fails to implement the plan in full, the CNBV may cancel the registration of the shares, in which case the majority shareholder
or any controlling group will be required to carry out a tender offer to acquire all of the outstanding shares of the issuer in accordance
with the tender offer provisions set forth in the LMV (under which all holders must be treated in the same manner).

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Reporting Obligations

Issuers of listed securities are required to file unaudited
quarterly financial statements and audited annual financial statements (together with an explanation thereof) and periodic reports, in
particular reports dealing with material events, with the CNBV and the Mexican Stock Exchange. Mexican issuers must file the following
reports with the CN