Company: TCMFF
Filing Date: 2025-04-25
Form Type: 6-K
Source: 0001104659-25-039290
Chunk: 1

Company: TELECOM ARGENTINA SA
Filing Date: 2025-04-25
Form: 6-K
Chunk 1
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3) Consider the Retained Earnings as of December 31, 2024, which reported a positive balance of AR$1,012,403,588,560. Proposal to: (i) Allocate AR$50,620,179,428 to establish the Legal Reserve; ii) Allocate AR$961,783,409,132 to the “Voluntary reserve to maintain the capital investments level and the Company’s current level of solvency”. (iii) Reclassify the amount of AR$93,077,304,540 from the account “Voluntary reserve to maintain the capital investments level and the Company’s current level of solvency” (which will amount, as a consequence, to AR$1,164,365,049,990) by charging that amount to the account “Contributed Surplus”, which, after giving effect to such reclassification, will total AR$2,488,650,848,653. (iv) Submit for the consideration of the Shareholders’ Meeting the delegation of powers to the Board of Directors in order to totally or partially withdraw the “Voluntary reserve to maintain the capital investments level and the Company’s current level of solvency” and to distribute dividends in cash or in kind or any combination of both options.

The Shareholders approved the proposal of the
Board of Directors adjusted as of March 31, 2025, using the National Consumer Price Index (National CPI) published on April 11,
2025, in accordance with the provisions of CNV Resolution No. 777/2018, regarding Retained Earnings as of December 31, 2023,
which reported a positive balance of AR$ 1,099,156,424,757:

1) Allocate AR$54,957,821,237 to establish the
Legal Reserve;

2) Allocate AR$ 1,044,198,603,520 to the “Voluntary
reserve to maintain the capital investments level and the Company’s current level of solvency”;

3) Regarding the amount of AR$101,053,096,255,
that it be reclassified from the account “Voluntary Reserve to maintain the Company’s level of capital expenditures and its
current solvency level” (thus reaching the amount of AR$1,264,139,459,719) and to be charged against the “Contributed Surplus”
account, which consequently, after such allocation, will reach a balance of AR$2,701,903,