SQM announced on November 11, 2024, that its Board of Directors has modified and approved a restated version of the general customary policy for transactions with related parties. The updated policy aims to enhance efficiency in interactions between SQM and its subsidiaries and affiliates in mining, operating, and commercial activities.Key aspects of the policy include: 1) Maximum authorized transaction amounts limited to the lower of 1% of SQM's assets or 10% of total revenues from the previous fiscal year. 2) Customary transactions encompass sales, marketing, advisory services, and financing operations with subsidiaries and affiliates. 3) Specific provisions for transactions with companies sharing directors, including limits on financial operations. 4) Implementation of control mechanisms overseen by the Ethics Manager and Compliance Officer.The policy also establishes reporting requirements, disclosure mechanisms, and authorizes certain transactions without additional procedures, such as those below a specified amount or between entities where SQM holds at least 95% ownership. This update reflects SQM's commitment to maintaining transparency and efficiency in its global operations across over 110 countries.

SQM announced on November 11, 2024, that its Board of Directors has modified and approved a restated version of the general customary policy for transactions with related parties. The updated policy aims to enhance efficiency in interactions between SQM and its subsidiaries and affiliates in mining, operating, and commercial activities.Key aspects of the policy include: 1) Maximum authorized transaction amounts limited to the lower of 1% of SQM's assets or 10% of total revenues from the previous fiscal year. 2) Customary transactions encompass sales, marketing, advisory services, and financing operations with subsidiaries and affiliates. 3) Specific provisions for transactions with companies sharing directors, including limits on financial operations. 4) Implementation of control mechanisms overseen by the Ethics Manager and Compliance Officer.The policy also establishes reporting requirements, disclosure mechanisms, and authorizes certain transactions without additional procedures, such as those below a specified amount or between entities where SQM holds at least 95% ownership. This update reflects SQM's commitment to maintaining transparency and efficiency in its global operations across over 110 countries.