Chihuahua, Chih., December 16th, 2022.

Dear clients and friends,

As part of the corporate legal compliance, we kindly remind you that pursuant the provisions of the Foreign Investment Law and its Regulations, a Quarterly Update Notice must be filed before the National Registry of Foreign Investments (RNIE) within the first ten business days following the end of each quarter: (i) January to March; (ii) April to June; (iii) July to September; and (iv) October to December.

Mexican companies with foreign investment are required to file the above mentioned notice if during the quarter they report any of the following:

(i) Amendments to its corporate name, tax address, or commercial activity, and/or,

(ii) Modifications to the capital stock and/or share ownership structure that implies a variation over $20’000,000.00 twenty million pesos, and/or,

(iii) Variations over $20’000,000.00 twenty million pesos corresponding to the following accounts:

• Accounts receivable from or payable to partners, shareholders or residents abroad part of the corporate group.
• Contributions for future capital stock increases, capital reserves or previous fiscal year’s results.

Please note that, the information and documentation required in order to correctly fill out this form, may vary depending on the reason why the Notice is being filed.Therefore, we herein inform you that our law firm is prepared to provide the legal support and advice to comply with the obligations and prevent any fine resulting from incorrectly filling out the aforementioned Notice or its late filing.

For any further information, please do not hesitate to contact either, Rolando Castellanos Macal at rcastellanos@iclmx.com; Jorge Almanza Rios at jalmanza@iclmx.com; and Javier David Rodriguez Torrecillas at jrodriguez@iclmx.com.