From the issuance of Convertible Preferred Share until the date of their conversion or redemption, the company may not distribute free Shares or profits from the reserve and may not issue Preferred Shares or other Securities convertible into Shares unless it acquires the approval of the Preferred Shareholders’ board. The prior approval is not required if the Prospectus clearly states that the Preferred Shareholders’ board has given prior approval to the distribution of free Shares or profits from the reserve or the issue of new Securities convertible into Shares.