Circular 22-2026: Update of Information on Shareholders, Beneficial Owners, Directors, and Officers of Financial Entities Supervised by the Securities Market Superintendence

[Logo: SMV Superintendencia del Mercado de Valores República de Panamá]

Panama, August 18, 2026 Circular SMV-22-2026

To: Compliance Officers (Value Houses) Panama City

Subject: Update of information on shareholders, beneficial owners, directors, and officers of financial entities supervised by the Securities Market Superintendence.

The Securities Market Superintendence, in exercise of the powers conferred as a supervisory body by Law 23 of April 27, 2015, and in accordance with the provisions of Articles 20, 26, 28, and 29 of said Law, requests that financial entities with a Value House license complete the template that will be sent to them via a unique and exclusive link for each entity. This template will be sent to the Compliance Officer via email before August 30, 2026.

Through said link, the entities must upload the completed template, as well as the corresponding supporting documentation for the information reported on their shareholders, beneficial owners, directors, and officers. The completed template must be submitted to this Superintendence via the link within the period from September 1 to September 30, 2026.

This information will be used exclusively to strengthen the supervision processes developed by the Directorate for the Prevention and Control of Illicit Operations, under a risk-based approach, allowing for updated and standardized information for the proper identification of persons linked to financial entities, optimizing monitoring and analysis processes, and reducing the occurrence of false positives in checks carried out against national and international sanctions lists, politically exposed persons, and other control lists used by this Superintendence.

The information provided will be treated with strict confidentiality and used solely for the exercise of the legal supervisory functions attributed to the Securities Market Superintendence. Its processing and safeguarding will be carried out in accordance with the duty of confidentiality applicable to information obtained by the supervisory body in the exercise of its functions, as well as in conformity with Law 81 of March 26, 2019 on the Protection of Personal Data and other applicable legal provisions.

Sincerely,

[Signature] Maruquel Murgas de González Superintendent

[Seal: REPUBLIC OF PANAMA SECURITIES MARKET SUPERINTENDENCE]

50th Street, P.H. Global Plaza Building, 8th Floor, Tel.: (507) 501-1700 Fax: (507) 501-1709. www.supervalores.gob.pa P.O. Box 0832-0288 WTC Panama, Rep. of Panama.