<SEC-DOCUMENT>0001171843-25-002907.txt : 20250507
<SEC-HEADER>0001171843-25-002907.hdr.sgml : 20250507
<ACCEPTANCE-DATETIME>20250507165648
ACCESSION NUMBER:		0001171843-25-002907
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250506
FILED AS OF DATE:		20250507
DATE AS OF CHANGE:		20250507

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TENARIS SA
		CENTRAL INDEX KEY:			0001190723
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31518
		FILM NUMBER:		25922475

	BUSINESS ADDRESS:	
		STREET 1:		26, BOULEVARD ROYAL, 4TH FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2449
		BUSINESS PHONE:		1-888-300-5432

	MAIL ADDRESS:	
		STREET 1:		26, BOULEVARD ROYAL, 4TH FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2449
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_050725.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><B>FORM 6 - K</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Report of Foreign Private Issuer</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Pursuant to Rule 13a - 16 or 15d - 16 of</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>the Securities Exchange Act of 1934</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>As of May 6, 2025</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>TENARIS, S.A.</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Translation of Registrant's name into English)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">26, Boulevard Royal, 4th floor</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">L-2449 Luxembourg</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Address of principal executive offices)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 21.3pt; margin: 0pt 2.45pt 0pt 0">Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or 40-F.</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Form 20-F <FONT STYLE="font-family: Symbol"><U>&nbsp;&Ouml;&nbsp;</U></FONT> Form 40-F<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: justify; margin: 0pt 0"><FONT STYLE="font-weight: normal">The attached material
is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of
1934, as amended. This report contains the Summary of the resolutions adopted in the Extraordinary General Meeting of Shareholders (the
&ldquo;Meeting&rdquo;) of Tenaris S.A. (the &quot;Company&quot;) held on May 6<SUP>th</SUP>, 2025, at 26, Boulevard Royal, 4th Floor,
L-2449, Luxembourg, immediately after the adjournment of the Annual General Meeting of Shareholders of the Company</FONT>.</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; color: #009900">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; color: #009900">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font-size: 14pt; margin-top: 0pt; margin-bottom: 0pt">SIGNATURE</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>Date: May 6, 2025</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font-size: 14pt; margin-top: 0pt; margin-bottom: 0pt">Tenaris, S.A.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">By: /s/ Giovanni Sardagna</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Giovanni Sardagna</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Investor Relations Officer</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 83%"><IMG SRC="logo.jpg" ALT=""></TD>
  <TD STYLE="width: 17%"><P STYLE="font-size: 10pt; margin: 0pt 0; color: gray"><FONT STYLE="font-size: 8pt">TENARIS S.A.</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; color: gray"><FONT STYLE="font-size: 8pt">Soci&eacute;t&eacute; Anonyme</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; color: gray"><FONT STYLE="font-size: 8pt">Registered office:</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; color: gray"><FONT STYLE="font-size: 8pt">L-2449 Luxembourg</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; color: gray"><FONT STYLE="font-size: 8pt">R.C.S. Luxembourg B 85 203</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; color: gray"><FONT STYLE="font-size: 8pt">www.tenaris.com</FONT></P>
</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: justify; margin: 0pt 0; color: green">Summary of the resolutions adopted in
the Extraordinary General Meeting of Shareholders (the &ldquo;<U>Meeting</U>&rdquo;) of Tenaris S.A. (the &quot;<U>Company</U>&quot;)
held on May 6, 2025, at 26, Boulevard Royal, 4<SUP>th</SUP> Floor, L-2449, Luxembourg, immediately after the adjournment of the Annual
General Meeting of Shareholders of the Company.</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: justify; margin: 0pt 0; color: green">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT STYLE="color: gray"><B>Approval of (a) the cancellation of 90,762,598 ordinary shares held in treasury, acquired by the Company
throughout (i) the second, third and fourth tranches of the share buyback program, which ran from 6<SUP>th</SUP> November 2023 to 2<SUP>nd</SUP>
August 2024, and (ii) the follow-on share buyback program, which ran from 11<SUP>th</SUP> November 2024 to 4<SUP>th</SUP> March 2025,
and (b) the consequential reduction of the issued share capital of the Company by an amount of US$90,762,598 so as to bring it from its
current amount of US$1,162,757,528 to US$1,071,994,930 represented by 1,071,994,930 ordinary shares with a nominal value of US$1.00 per
share</B></FONT><I>.</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0in"><I>&nbsp;</I></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Meeting resolved to (a) approve the cancellation of ninety million
seven hundred sixty-two thousand five hundred ninety-eight (90,762,598) ordinary shares held in treasury acquired by the Company throughout
(i) the second, third and fourth tranches of the share buyback program, which ran from 6<SUP>th</SUP> November 2023 to 2<SUP>nd</SUP>
August 2024, and; (ii) the follow-on share buyback program, which ran from 11<SUP>th</SUP> November 2024 to 4<SUP>th</SUP> March 2025,
and (b) approve the consequential reduction of the issued share capital of the Company by an amount of ninety million seven hundred sixty-two
thousand five hundred ninety-eight United States dollars (US$90,762,598), so as to bring it from its current amount of one billion one
hundred sixty-two million seven hundred fifty-seven thousand five hundred twenty-eight United States dollars (US$1,162,757,528) to one
billion seventy-one million nine hundred ninety-four thousand nine hundred thirty United States dollars (US$1,071,994,930), represented
by one billion seventy-one million nine hundred ninety-four thousand nine hundred thirty (1,071,994,930) ordinary shares with a nominal
value of one United States dollar (US$1) per share.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT STYLE="color: gray"><B>Decision on the renewal of the authorized share capital of the Company and related authorizations and waivers
by:</B></FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: gray"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; color: gray"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 18pt"><B>a.</B></TD><TD STYLE="text-align: justify"><B>the renewal of the validity period of the Company&rsquo;s authorized share capital for a period starting
on the date of the Extraordinary General Meeting of Shareholders and ending on the fifth anniversary of the date of the publication in
the Recueil &eacute;lectronique des soci&eacute;t&eacute;s et associations (RESA) of the deed recording the minutes of such meeting;</B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; color: gray"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 18pt"><B>b.</B></TD><TD STYLE="text-align: justify"><B>the renewal of the authorization to the board of directors, or any delegate (s) duly appointed by the
board of directors, for a period starting on the date of the Extraordinary General Meeting of Shareholders and ending on the fifth anniversary
of the date of the publication in the RESA of the deed recording the minutes of such meeting, from time to time to issue shares within
the limits of the authorized share capital against contributions in cash, contributions in kind or by way of incorporation of available
reserves at such times and on such terms and conditions, including the issue price, as the board of directors or its delegate (s) may
in its or their discretion resolve;</B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; color: gray"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 18pt"><B>c.</B></TD><TD STYLE="text-align: justify"><B>the renewal of the authorization to the board of directors, for a period starting on the date of the
Extraordinary General Meeting of Shareholders and ending on the fifth anniversary of the date of the publication in the RESA of the deed
recording the minutes of such meeting, to waive, suppress or limit any pre-emptive subscription rights of shareholders provided for by
law to the extent it deems such waiver, suppression or limitation advisable for any issue or issues of shares within the authorized share
capital; waiver of any pre-emptive subscription rights provided for by law and related procedures;</B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; color: gray"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 18pt"><B>d.</B></TD><TD STYLE="text-align: justify"><B>the decision that any issuance of shares for cash within the limits of the authorized share capital
shall be subject by provision of the Company&rsquo;s articles of association to the pre-emptive subscription rights of the then existing
shareholders, except in the following cases (in which cases no pre-emptive rights shall apply):</B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; color: gray"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.2pt"></TD><TD STYLE="width: 36pt"><B>(i)</B></TD><TD STYLE="text-align: justify"><B>any issuance of shares (including, without limitation, the direct issuance of shares or upon the exercise
of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares) against a contribution other
than in cash; and</B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; color: gray"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.2pt"></TD><TD STYLE="width: 36pt"><B>(ii)</B></TD><TD STYLE="text-align: justify"><B>any issuance of shares (including by way of free shares or at discount), up to an amount of 1.5% of
the issued share capital of the Company, to directors, officers, agents, employees of the Company, its direct or indirect subsidiaries,
or its affiliates (collectively, the &ldquo;Beneficiaries&rdquo;), including without limitation the direct issuance of shares or upon
the exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares issued for the
purpose of compensation or incentive of the Beneficiaries or in relation thereto (which the Board of Directors shall be authorized to
issue upon such terms and conditions as it deems fit); and</B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; color: gray"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 18pt"><B>e.</B></TD><TD STYLE="text-align: justify"><B>the acknowledgement and approval of the report of the Board of Directors in relation with the authorized
share capital and the proposed authorizations to the Board of Directors with respect to any issuance of shares within the authorized share
capital while suppressing any pre-emptive subscription rights of existing shareholders under law and related waiver.</B></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Meeting resolved to renew the validity period of the Company&rsquo;s
authorized share capital for a period starting on the date of this Meeting and ending on the fifth anniversary of the date of the publication
in the Recueil &eacute;lectronique des soci&eacute;t&eacute;s et associations (RESA) of the deed recording the minutes of this Meeting.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Meeting resolved to renew the authorization to the Board of Directors,
or any delegate (s) duly appointed by the Board of Directors, for a period starting on the date of this Extraordinary General Meeting
of Shareholders and ending on the fifth anniversary of the date of the publication in the RESA of the deed recording the minutes of this
Extraordinary General Meeting of Shareholders, from time to time to issue shares within the limits of the authorized share capital against
contributions in cash, contributions in kind or by way of incorporation of available reserves at such times and on such terms and conditions,
including the issue price, as the Board of Directors or its delegate (s) may in its or their discretion resolve.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Meeting resolved to renew the authorization to the Board of Directors,
for a period starting on the date of this Extraordinary General Meeting of Shareholders and ending on the fifth anniversary of the date
of the publication in the RESA of the deed recording the minutes of this Extraordinary General Meeting of Shareholders, to waive, suppress
or limit any preemptive subscription rights of shareholders provided for by law to the extent it deems such waiver, suppression or limitation
advisable for any issue or issues of shares within the authorized share capital and further resolved to waive any pre-emptive subscription
rights provided for by law and related procedures.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Meeting resolved that any issuance of shares for cash within the limits
of the authorized share capital shall be subject by provision of the Company&rsquo;s articles of association to the pre-emptive subscription
rights of the then existing shareholders, except in the following cases (in which cases no pre-emptive rights shall apply):</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">any issuance of shares (including, without limitation, the direct issuance of shares or upon the exercise
of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares) against a contribution other
than in cash; and</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: justify">any issuance of shares (including by way of free shares or at discount), up to an amount of 1.5% of the
issued share capital of the Company, to directors, officers, agents, employees of the Company, its direct or indirect subsidiaries, or
its affiliates (collectively, the &ldquo;Beneficiaries&rdquo;), including without limitation the direct issuance of shares or upon the
exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares issued for the purpose
of compensation or incentive of the Beneficiaries or in relation thereto (which the Board of Directors shall be authorized to issue upon
such terms and conditions as it deems fit).</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">The Meeting further acknowledged and resolved to approve the report of
the Board of Directors dated 1<SUP>st</SUP> April 2025, in relation with the authorized share capital and the proposed authorizations
to the Board of Directors with respect to any issuance of shares within the authorized share capital while suppressing any pre-emptive
subscription rights of existing shareholders under law and related waiver.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT STYLE="color: gray"><B>The amendment of article 5 &ldquo;Share Capital&rdquo; of the Company&rsquo;s articles of association to
reflect the resolutions on items 1 and 2 of the agenda.</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; color: gray"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Meeting resolved to approve the amendment of article 5 &ldquo;Share
Capital&rdquo; of the Company&rsquo;s articles of association, which shall read as follows:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&laquo;Article 5. Share capital. The share capital of the Company is set
at one billion seventy one million nine hundred and ninety four thousand nine hundred and thirty US dollars (USD 1,071,994,930), represented
by one billion seventy one million nine hundred and ninety four thousand nine hundred and thirty (1,071,994,930) shares with a par value
of one US dollar (USD 1) per share.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The authorized capital of the Company shall be two billion five hundred
million US dollars (USD 2,500,000,000.-), including the issued share capital, represented by two billion five hundred million (2,500,000,000)
shares with a par value of one US dollar (USD 1.) per share.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The board of directors, or any delegate (s) duly appointed by the board
of directors, may from time to time, for a period starting on the date of the Extraordinary General Meeting of Shareholders held on 6<SUP>th</SUP>
May 2025 and ending on the fifth anniversary of the date of the publication in the Recueil &eacute;lectronique des soci&eacute;t&eacute;s
et associations (RESA) of the deed recording the minutes of such Extraordinary General Meeting of Shareholders, issue shares within the
limits of the authorized share capital against contributions in cash, contributions in kind or by way of incorporation of available reserves
at such times and on such terms and conditions, including the issue price, as the board of directors, or its delegate (s), may in its
or their discretion resolve.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Extraordinary General Meeting of Shareholders held on 6<SUP>th</SUP>
May 2025 has authorized the board of directors, for a period starting on the date of such Extraordinary General Meeting of Shareholders
and ending on the fifth anniversary of the date of the publication in the RESA of the deed recording the minutes of such Extraordinary
General Meeting of Shareholders, to waive, suppress or limit any preemptive subscription rights of shareholders provided for by law to
the extent it deems such waiver, suppression or limitation advisable for any issue or issues of shares within the authorized share capital,
and has waived any pre-emptive subscription rights provided for by law and related procedures<I>.</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Notwithstanding the waiver of any preemptive subscription rights provided
for by law and related procedures, by provision of the present Articles of Association, any issuance of shares for cash within the limits
of the authorized share capital shall be subject to the pre-emptive subscription rights of the then existing shareholders, except in the
following cases (in which cases no pre-emptive subscription rights shall apply):</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 36pt">(i)</TD><TD STYLE="text-align: justify">any issuance of shares (including, without limitation, the direct issuance of shares or upon the exercise
of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares) against a contribution other
than in cash; and</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 36pt">(ii)</TD><TD STYLE="text-align: justify">any issuance of shares (including by way of free shares or at discount), up to an amount of 1.5% of the
issued share capital of the Company, to directors, officers, agents, employees of the Company, its direct or indirect subsidiaries, or
its affiliates (collectively, the &ldquo;Beneficiaries&rdquo;), including, without limitation, the direct issuance of shares or upon the
exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares, issued for the purpose
of compensation or incentive of the Beneficiaries or in relation thereto (which the board of directors shall be authorized to issue upon
such terms and conditions as it deems fit).</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">Any issuance of shares within the authorized share capital must be recorded
by notarial deed and this Article 5 must be amended accordingly.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 5 -->
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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Each share entitles the holder thereof to cast one vote at any shareholders&rsquo;
meeting, subject to applicable law</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>.</I></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The board of directors may authorize the issuance of bonds which may be
but are not required to be, convertible into registered shares, in such denominations and payable in such monies as it shall determine
in its discretion. The board of directors shall determine the type, price, interest rates, terms of issuance and repayment and any other
conditions for such issues. A register of registered bonds shall be held by the Company.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

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