Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 229

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 229
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 registered in our stock registry.

Shareholders’ Meetings

Calls.
Under Mexican law and our by-laws, shareholders’ meetings may be called by:

  our board of directors, the chairman of our board of directors or the secretary of the board of directors;  

  shareholders representing at least 10% of our outstanding capital stock who may request that the chairman of the board of directors  
  or the chairman of the audit committee or the chairman of the corporate governance committee to call a shareholders’ meeting;        
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  any shareholder, provided that no annual ordinary meeting has been held for two consecutive years or the annual shareholders’  

  a Mexican court of competent jurisdiction, in the event the board of directors does not comply with a valid request of the shareholders  

  the audit committee and the corporate governance committee.  

Calls for shareholders’ meetings will be required to
be published in the electronic system implemented by the ministry of economy at least 15 days before the scheduled date of the shareholders’
meeting in the case of first call. Calls will have to contain the matters to be addressed at the meeting. From the date on which a call
is published until the date of the corresponding meeting, all relevant information will be made available to the shareholders at our executive
offices. To attend a shareholders’ meeting, shareholders will have to be either registered in the stock registry, present evidence
of the deposit of their certificates with a financial institution or deposit them with our secretary, or present certificates issued by
the custodian of the holder of our Series A shares, together with an Indeval certification. Investors holding our CPOs may not vote
nor cause the underlying Series A shares to be voted by the CPO trustee.

Shareholders’
Meetings. General shareholders’ meetings may be general ordinary shareholders’ meetings or general extraordinary
shareholders’ meetings.

General ordinary shareholders’ meetings will be those
called to discuss any issues not reserved for extraordinary meetings. General ordinary shareholders’ meetings will have to be held
at least once a year, during the first four months following the end of each fiscal year to:

  approve financial statements for the preceding fiscal year;  

  discuss and approve the audit committee and corporate governance committees’ annual reports, and determine how to allocate net  

  elect directors;  

  appoint the president of the audit committee and the corporate governance committees;  

  approve any increase or decrease in the variable portion of our capital stock and