General Superintendent Resolution No. 041-2025-SMV/11.1

PERÚ Ministry of Economy and Finance

SMV
Securities Market
Superintendence
“Decade of Equal Opportunities for Women and Men” "Year of recovery and consolidation of the Peruvian economy" 1 Electronic document digitally signed under Law No. 27269, Law on Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml

General Superintendent Resolution SMV
No. 041-2025-SMV/11.1
Lima, August 29, 2025

The General Superintendent of Conduct Supervision

Viewed:

File No. 2025034041, as well as Internal Report No. 1207-2025-SMV/11.1 dated August 29, 2025, from the General Intendency of Conduct Supervision of the Adjacent Superintendence of Conduct Supervision of Markets.

Considering:

That, through writings presented on July 31 and August 26, 2025, Agrícola y Ganadería Chavín de Huántar S.A. requested the Securities Market Superintendence – SMV to register the fundamental variation referred to the modifications of the terms and conditions “guarantee” and “order of preference” corresponding to the “Second Short-Term Instruments Program Chavín” in the section “Of Securities and/or Issuance Programs registered in the Alternative Securities Market – MAV” of the Public Registry of the Securities Market – RPMV;

That, by means of General Superintendent Resolution SMV No. 056-2019-SMV/11.1 dated July 01, 2019, within the framework of an advance procedure, the inscription of the issuance program named “Second Short-Term Instruments Program Chavín” was ordered, up to a maximum circulating amount of US$ 3’000,000.00 (Three Million and 00/100 Dollars of the United States of America) or its equivalent in Soles, as well as the registration of the corresponding Master Prospectus in the section “Of Securities and/or Issuance Programs registered in the Alternative Securities Market – MAV” of the Public Registry of the Securities Market;

That, pursuant to what is established by General Superintendent Resolution SMV No. 056-2019-SMV/11.1, within the framework of the aforementioned issuance program and under an automatic approval procedure, the securities “First Issuance of the Second Short-Term Instruments Program Chavín” were inscribed, up to a maximum circulating amount of US$ 3’000,000.00 (Three Million and 00/100 Dollars of the United States of America), registering the respective Complement of the Master Prospectus in the section “Of Securities and/or Issuance Programs registered in the Alternative Securities Market – MAV” of the Public Registry of the Securities Market;

PERÚ Ministry of Economy and Finance

SMV
Securities Market
Superintendence
“Decade of Equal Opportunities for Women and Men” "Year of recovery and consolidation of the Peruvian economy" 2 Electronic document digitally signed under Law No. 27269, Law on Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml

That, subsequently, on July 06, 2022, under an automatic approval procedure, the Second Master Prospectus corresponding to the “Second Short-Term Instruments Program Chavín” was registered in the section “Of Securities and/or Issuance Programs registered in the Alternative Securities Market – MAV” of the Public Registry of the Securities Market, having elapsed the three (03) years of validity of the inscription of said program, which consolidated all variations made to it;

That, on August 09, 2022, under an automatic approval procedure, the securities “Second Issuance of the Second Short-Term Instruments Program Chavín” were inscribed, up to a maximum circulating amount of US$ 3’000,000.00 (Three Million and 00/100 Dollars of the United States of America), registering the respective Complement of the Master Prospectus in the section “Of Securities and/or Issuance Programs registered in the Alternative Securities Market – MAV” of the Public Registry of the Securities Market;

That, by means of General Superintendent Resolution SMV No. 036-2023-SMV/11.1 dated May 11, 2023, the fundamental variation of Update No. 3 of the Second Master Prospectus of the “Second Short-Term Instruments Program Chavín” was registered, referred to the increase of the program amount by a maximum circulating amount of US$ 4’000,000.00 (Four Million and 00/100 Dollars of the United States of America) or its equivalent in Soles, in the section “Of Securities and/or Issuance Programs registered in the Alternative Securities Market – MAV” of the Public Registry of the Securities Market;

That, on July 10, 2023, under an automatic approval procedure, the inscription of the securities “Third Issuance of the Second Short-Term Instruments Program Chavín” was ordered, up to a maximum circulating amount of US$ 4’000,000.00 (Four Million and 00/100 Dollars of the United States of America), registering the respective Complement of the Master Prospectus in the section “Of Securities and/or Issuance Programs registered in the Alternative Securities Market – MAV” of the Public Registry of the Securities Market;

That, from the review of the documentation and information that supports the request to which this resolution refers, it has been noted that the issuer presented the Second Addendum to the Framework Act corresponding to the “Second Short-Term Instruments Program Chavín”, through which Clause Fourth, numerals 4.13 and 4.17, of the Framework Act are modified; as well as the First Addendum to the Complement of the Framework Act of the “Third Issuance of the Second Short-Term Instruments Program Chavín”, through which Clause Third, numerals 3.13 and 3.19, of the Complement of the Framework Act of the referenced issuance are modified; through which the terms and conditions referred to “guarantee” and “order of preference” have been modified;

That, in accordance with what is established in article 10, numeral 10.2, of the Regulations of the Alternative Securities Market – MAV, approved by SMV Resolution Nº 025-2012- SMV/01 and its modifying and complementary norms, fundamental variations are changes in the conditions of the offer or the program that may imply a variation in the risk level of the previously inscribed securities, such that they may modify the investment decision of a sensible investor;

PERÚ Ministry of Economy and Finance

SMV
Securities Market
Superintendence
“Decade of Equal Opportunities for Women and Men” "Year of recovery and consolidation of the Peruvian economy" 3 Electronic document digitally signed under Law No. 27269, Law on Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml

That, Agrícola y Ganadería Chavín de Huántar S.A. has presented the documentation and information required by the Unified Text of the Securities Market Law, as well as by the Regulations of the Alternative Securities Market – MAV, for the registration of the fundamental variation corresponding to the “Second Short-Term Instruments Program Chavín”, in the section “Of Securities and/or Issuance Programs registered in the Alternative Securities Market – MAV” of the Public Registry of the Securities Market, which consists in the modification of the terms and conditions referred to “guarantee” and “order of preference”;

That, article 7, numeral 6, of the Policy on Dissemination of Normative Projects, General Character Legal Norms, Early Agenda and Other Administrative Acts of the SMV, approved by SMV Resolution N° 014-2014- SMV/01 and its modifying norms, establishes that the decisions contained in administrative resolutions referred to, among others, the registration of the informational prospectuses corresponding to the issuance programs in the Public Registry of the Securities Market, must be subject to dissemination through the Institutional Page of the SMV on the Unique Digital Platform of the Peruvian State for Citizen Orientation (www.smv.gob.pe); and,

Being in accordance with what is provided by articles 58 and following of the Unified Text of the Securities Market Law; article 10 of the Regulations of the Alternative Securities Market – MAV; as well as by article 46, numeral 4, of the Regulations of Organization and Functions of the Securities Market Superintendence approved by Supreme Decree N° 216-2011-EF and its amendments, which empowers the General Intendency of Conduct Supervision to resolve the requests formulated by the regulated entities linked to primary public offers and evaluate and/or resolve any procedure linked to such offers.

Resolves:

Article 1°.- To order the registration of the fundamental
variation referred to the modifications of the terms and conditions “guarantee” and “order of preference” corresponding to the “Second Short-Term Instruments Program Chavín” in the section “Of Securities and/or Issuance Programs registered in the Alternative Securities Market – MAV” of the Public Registry of the Securities Market – RPMV.

Article 2°.- The registration referred to in article 1 of
this resolution has not entailed administrative activities of verification, nor inspection, nor audit of the information presented, nor an examination of the economic – financial situation of the issuer, in accordance with what is provided by article 21 of the Unified Text of the Securities Market Law.

Likewise, said registration does not imply that the Securities Market Superintendence – SMV recommends investment in the securities or expresses a favorable opinion on the business prospects, being Agrícola y Ganadería Chavín de Huántar S.A. and the structuring entity responsible for the truthfulness of the information contained in the documents referred to the public offer, in accordance with what is established by articles 13 and 65 of the Unified Text of the Securities Market Law.

PERÚ Ministry of Economy and Finance

SMV
Securities Market
Superintendence
“Decade of Equal Opportunities for Women and Men” "Year of recovery and consolidation of the Peruvian economy" 4 Electronic document digitally signed under Law No. 27269, Law on Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml

Article 3°.- To disseminate this resolution on the
Institutional Page of the SMV on the Unique Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv).

Article 4°.- To transcribe this Resolution to
Agrícola y Ganadería Chavín de Huántar S.A., in the capacity of issuer; to BNB Valores Perú S.A. Brokerage Agent Society, in the capacity of Structuring Entity and Placement Agent; to CAVALI S.A. I.C.L.V.; and, to the Lima Stock Exchange S.A

Register, communicate and disseminate.

Alix Godos
General Superintendent
General Intendency of Conduct Supervision