Alpek held its Annual Shareholders’ Meeting

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Cash dividend of U.S. $0.0386 per share approved, equivalent to U.S. $81.6 million

Monterrey, N.L., Mexico. February 27th, 2020 – Alpek, S.A.B. de C.V. (“Alpek”) held today its Annual Shareholders’ Meeting, in which the Company’s 2019 annual report, presented by Armando Garza Sada, Chairman of the Board, and José de Jesús Valdez, CEO, was approved.Shareholders also approved a cash dividend payment of U.S. $0.0386 dollars per share, equivalent to approximately U.S. $81.6 million, to be paid in a single installment on June 1st, 2020.Regarding the composition of Alpek’s Board of Directors, Shareholders approved the continuity of all current members.Finally, the Meeting approved a maximum amount of Ps. $2,000 million for share repurchases. The Company believes the current share price does not properly reflect the business’ fundamentals and long-term growth perspectives. As such it will use this amount to purchase its shares and for the benefit of its shareholders.

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