Superintendent Resolution No. 118-2025-SMV/02

PERU 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 Electronically signed document in the framework of Law No. 27269, Law of 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 Superintendent Resolution No. 118-2025-SMV/02 Lima, October 2, 2025 The Superintendent of the Securities Market (e) SEEN:
The File No. 2025023227 and Report No. 1403-2025-SMV/10.2 dated October 2, 2025, issued by the General Superintendence of Supervision of Entities, with the favorable ruling of the Deputy Superintendent of Prudential Supervision; CONSIDERING:
That, through Letter No. 1156-2025-SMV/10 dated February 26, 2025, the Deputy Superintendence of Prudential Supervision (hereinafter, SASP), communicated to Diviso Bolsa Sociedad Agente de Bolsa S.A. (hereinafter, DIVISO SAB) that, according to the response provided to Letter No. 717-2025-SMV/10.24 dated February 6, 2025, issued by this Superintendence (hereinafter, LETTER 717), the observations regarding the lack of economic solvency of Diviso Grupo DGF (hereinafter, DGF) and Andean Equity Financial Ltd. (hereinafter, ANDEAN EQUITY), its direct and indirect shareholders, respectively, had not yet been remedied. Therefore, the SASP granted DIVISO SAB a maximum period of thirty (30) calendar days to reverse the situation of non-compliance regarding its shareholders; That, in response to the SASP's request, DIVISO SAB, through a written submission dated March 26, 2025, requested an extension of one hundred eighty (180) calendar days to remedy the observations regarding DGF and ANDEAN EQUITY having lost their recognized economic solvency. In this regard, through Letter No. 1833-2025-SMV/10 dated March 31, 2025, the SASP granted DIVISO SAB an extension of thirty (30) calendar days, which expired on April 30, 2025. Therefore, by that date, DIVISO SAB was required to provide, with respective documentary support, proof that DGF and ANDEAN EQUITY had economic solvency, in accordance with applicable regulations; That, DIVISO SAB limited itself to responding through a written submission presented on April 29, 2025, regarding the transfer of all shares representing its share capital, by DGF and NCF Servicios Compartidos S.A. (hereinafter, NCF) 1, to eleven (11) new shareholders: Yésica Ysabel Del Carpio, Nicole Alexandra Espinoza Rengifo, Evely Herrera Peña, José Augusto Domenack Casas, Julio Ángel Peraltilla Fernández Baca, Diego Jesús Rodríguez Torres, Miguel Ángel Rodríguez Vargas, Enma Dabida Rojas Pomahuali, Julio César Kanashiro Tome, Catalina Rabinovich Woloshin and Janina Rosalinda Castro Núñez; which was also communicated as a material event on the same date;

1 DGF held 99.99% of the shares of DIVISO SAB and DIVISO SAF while NCF Servicios Compartidos S.A. held the remaining 0.01%.

PERU 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 Electronically signed document in the framework of Law No. 27269, Law of 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, through a material event dated May 7, 2025, DIVISO SAB informed that José Augusto Domenack Casas had transferred his entire participation to Mrs. Esperanza Teresa Livelli Bacigalupo; That, subsequently, through Letter No. 3671-2025-SMV/10.2 dated July 4, 2025 (hereinafter, LETTER 3671), the IGSE communicated to DIVISO SAB that the economic solvency of Yésica Ysabel Del Carpio, Nicole Alexandra Espinoza Rengifo, Evely Herrera Peña, Esperanza Teresa Livelli Bacigalupo, Julio Ángel Peraltilla Fernández Baca, Diego Jesús Rodríguez Torres, Miguel Ángel Rodríguez Vargas and Enma Dabida Rojas Pomahuali (hereinafter, EVALUATED SHAREHOLDERS) was evaluated, and it was concluded that it had not been proven that said shareholders have the necessary economic solvency to be shareholders of DIVISO SAB. It should be noted that, after the maximum period of fifteen (15) business days to file an administrative appeal against LETTER 3671 2 expired, it was not challenged by DIVISO SAB. Consequently, LETTER 3671 is final; That, according to Superintendent Resolution No. 076-2025-SMV/02 dated July 4, 2025, it was stated that because LETTER 3671 declared that the EVALUATED SHAREHOLDERS did not have economic solvency, their operating authorization should be suspended; That, on July 4, 2025, DIVISO SAB informed of the transfer of the entire participation of Enma Dabida Rojas Pomahuali (8%) in said company to Mr. Daniel Abraham Romero Burgos; That, through Superintendent Resolution No. 097-2025-SMV/02 dated August 21, 2025, DIVISO SAB was ordered to prove that the EVALUATED SHAREHOLDERS, with the exception of Enma Dabida Rojas Pomahuali, have the necessary economic solvency, to the satisfaction of the SMV, and meet the minimum requirements and conditions according to regulations, in addition to obtaining authorization for the corresponding share transfers, if applicable, as referred to in Article 12 of the COMMON RULES; That, to date, DIVISO SAB has not complied with proving the economic solvency of Yésica Ysabel Del Carpio, who holds 10% of the share capital of the brokerage company; That, DIVISO SAB has submitted a request for prior authorization of share transfer (hereinafter, REQUEST FOR AUTHORIZATION) through which Mr. Julio Cesar Kanashiro Tome (hereinafter, MR. KANASHIRO) would acquire 28% of the shares of the brokerage company 3 and Mrs. Catalina Rabinovich Woloshin (hereinafter, MRS. RABINOVICH), 34% of said shares 4. If the REQUEST FOR AUTHORIZATION, which is under evaluation, is approved, the shareholding composition of DIVISO SAB would be as follows:

2 In accordance with what is established in Article 218 of the Unified Text of the General Administrative Procedure Law, Law No. 27444, approved by Supreme Decree No. 004-2019-JUS.
3 MR. KANASHIRO would acquire the shares of Esperanza Teresa Livelli Bacigalupo (10%), Janina Rosalinda Castro Núñez (9%) and Miguel Ángel Rodríguez Vargas (9%), which, added to the 10% he holds, would give a total of 38% of the shares of DIVISO SAB. 4 MRS. RABINOVICH would acquire the shares of Julio Ángel Peraltilla Fernández (10%), Evely Herrera Peña (8%), Nicole Alexandra Espinoza Rengifo (8%) and Diego Jesús Rodríguez Torres (8%), which, added to the 10% she holds, would give a total of 44% of the shares of DIVISO SAB.

PERU 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 Electronically signed document in the framework of Law No. 27269, Law of 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 BEFORE THE REQUEST FOR AUTHORIZATION IF THE REQUEST FOR AUTHORIZATION IS APPROVED RABINOVICH WOLOSHIN CATALINA 10% RABINOVICH CATALINA 44% PERALTILLA FERNANDEZ BACA, JULIO ANGEL 10% HERRERA PEÑA, EVELY 8% ESPINOZA RENGIFO NICOLE ALEXANDRA 8% RODRIGUEZ TORRES, DIEGO JESUS 8% KANASHIRO TOME, JULIO CESAR 10% KANASHIRO JULIO 38% LIVELLI BACIGALUPO, ESPERANZA TERESA 10% CASTRO NUÑEZ, JANINA ROSALINDA 9% RODRIGUEZ VARGAS, MIGUEL ANGEL 9% DEL CARPIO CASTRO, YESICA YSABEL 10% DEL CARPIO YESICA 10% ROMERO BURGOS, DANIEL ABRAHAM 8% ROMERO DANIEL 8% That, it should be noted that the corresponding area may evaluate, within a supervisory action, the economic solvency of MR. ROMERO; That, in accordance with what is established in Article 3, numeral 14, literal ii), of the Concorded Unified Text of the Organic Law of the Securities Market Superintendence, Legislative Decree No. 26126 and its amendments, the Superintendent of the Securities Market is empowered to automatically suspend the operating authorization granted to legal entities under its supervision and control, without it being necessary to initiate a sanctioning administrative procedure. This, among other cases, when any of its shareholders incurs in an impediment or fails to meet the requirements established by regulations. Likewise, in case the non-compliance that causes the suspension persists, the Superintendent of the Securities Market may revoke the operating authorization without it being necessary to initiate a sanctioning administrative procedure; and, Being in accordance with what is provided in Article 3, numeral 14, literal ii), of the Concorded Unified Text of the Organic Law of the Securities Market Superintendence, approved by Legislative Decree No. 26126, as well as Article 12, numeral 6, of the Organization and Functions Regulation of the SMV, approved by Supreme Decree No. 216-2011-EF; RESOLVES:
Article 1st.- Extend the suspension of the operating authorization of Diviso Bolsa Sociedad Agente de Bolsa S.A., ordered by Superintendent Resolution No. 076-2025-SMV/02 and Superintendent Resolution No. 097-2025-SMV/02, for the reasons set forth in the considerations of this resolution, for an additional period of thirty (30) business days, subsequent to the period provided in the latter resolution, unless said company credibly proves the economic solvency of its shareholders 5. This, in accordance with Article 11-A of the Common Rules to entities requiring authorization for organization and operation of the SMV, approved by SMV Resolution No. 039-2016-SMV/01 and its amendments; and, by virtue of what is provided in Articles 27, literal a), and 30-A of the Regulation of Intermediation Agents, approved by Superintendent Resolution No. 034-2015-SMV/01 and its amending norms, in addition to obtaining authorization for the corresponding share transfers, if applicable. Consequently, this brokerage company may not exercise the functions referred to in Article 190 of the Unified Text of the Securities Market Law, approved by Supreme Decree No. 020-2023-EF and its amendments.
Article 2nd.- Diviso Bolsa Sociedad Agente de Bolsa S.A. must comply with informing the Securities Market Superintendence, the day following the execution of the measure ordered in Article 1 of this resolution and under responsibility, the information that the Securities Market Superintendence requests from it.
Article 3rd.- What is established in Articles 4th to 7th of Superintendent Resolution No. 076-2025-SMV/02 remains in force.
Article 4th.- Publish this resolution on the Institutional Website of the Securities Market Superintendence on the unique digital platform of the Peruvian State (www.gob.pe/smv).
Article 5th.- This resolution will enter into force on the day of its notification to Diviso Bolsa Sociedad Agente de Bolsa S.A.
Article 6th.- Transmit this resolution to Diviso Bolsa Sociedad Agente de Bolsa S.A., to CAVALI S.A. ICLV, to the Lima Stock Exchange S.A. and to Mr. Julio César Kanashiro Tome.
Register, communicate and publish.
Alejandro Julio Rabanal Sobrino
Superintendent of the Securities Market (e)

5 In accordance with what was required through letters No. 1156-2025-SMV/10 dated February 27 and No. 1833-2025-SMV/10 dated March 31, 2025, issued by the Deputy Superintendence of Prudential Supervision.