Tasnee invites its Shareholders to attend the 21st Extraordinary General Assembly Meeting (First Meeting) via Modern Technology

Introduction:

TASNEE Board of Directors is pleased to invite the Company’s shareholders to participate and vote in the 21^st Extraordinary General Assembly Meeting (First Meeting) that would be held remotely via modern technology at 07:00 PM on Thursday April18, 2024 corresponding to 09/10/1445 H.

City and Location of the General Assembly’s Meeting:

The Head Office in Riyadh city – remotely via modern technology

URL for the Meeting Location: https://www.tadawulaty.com.sa

Date of the General Assembly’s Meeting: 09/10/1445 corresponding to 18/04/2024.

Time of the General Assembly’s Meeting: 07:00 PM

Attendance Eligibility:

The eligibility to attend the Meeting will be for shareholders registered in the Company shareholders register at the Depository Center as of the end of trading session prior to the meeting day as per the rules and regulations.

Quorum for Convening the General Assembly’s Meeting:

The extraordinary General Meeting shall be valid only if attended by shareholders representing at least half (50%) of the Company’s Share Capital as per Article 16-10 of the Company’s Bylaws. In case of non-completion of the quorum at the first meeting, a second meeting will be held one hour after the first meeting and the second meeting will be valid if attended by shareholders representing at least quarter (25%) of the Company’s Share Capital.

General Assembly Meeting Agenda:

1. Review and discuss the Board’s report for the fiscal year ending on 31/12/2023.

2. Review and discuss the Company’s financial statements for the fiscal year ending on 31/12/2023.

3. Voting on the auditor’s report on the Company’s accounts for the fiscal year ending on 31/12/2023 after discussion.

4. Voting on the appointment of the external auditor, based on the recommendation of the Audit Committee; to examine, review and audit the financial statements for the second and third quarters as well as the annual statements for the fiscal year 2024 and for the first quarter of the year 2025, and to determine the auditor’s fees.

5. Voting on the business and contracts concluded between National Industrialization Petrochemicals Marketing Co. (TASNEE subsidiary company) and Non-Woven Industrial Fabrics Company, which is a subsidiary of Al-Khafrah Holding Company in which the Chairman of the Board Eng. Mubarak Abdullah Al-Khafrah has a direct interest. The transactions include various purchase orders for polypropylene materials. The total purchase during the fiscal year 2023 amounted to SAR 13,903,993.13 and there are no preferential conditions (attached).

6. Voting on the amendments of the Article of Association of the company in compliance with the new Company’s Law issued on 01/12/1443 H corresponding to 30/06/2022 Georgian.

7. Voting for the amendment of Article (2) of the company’s bylaws, related to the Activities of the company.

8. Voting for the amendment of Article (14) of the company’s bylaws, related to the Meetings of the Board of Managers (Attached).

9. Voting of deleting Article (17) of the company’s bylaws, related to the Audit Committee (Attached).

10. Voting for the amendment of Article (19) of the company’s bylaws, related to the Company’s Accounts and Distribution of Dividends (Attached).

11. Voting on the amendments of the Audit Committee Charter.

12. Voting on the amendments of the Nomination & Remuneration Committee Charter.

13. Voting on amendments of the Board membership policy and procedures

14. Voting on the amendments of the Remuneration Policy.

15. Voting on paying an amount of SAR 3,500,000 as remuneration to the Board members for the fiscal year ending on 31/12/2023.

16. Voting on the discharge of the members of the Board of Directors for the fiscal year ended 31/12/2023.

17. Voting on transferring the balance of (905,328,800) Saudi riyals from the statutory reserve, as shown in the financial statements for the fiscal year ending on December 31, 2023, to the retained earnings account.

Eligibility for Attendance Registration and Voting:

The shareholders have the right to register attendance at the Assembly meeting that ends at the start of the Assembly meeting, and the right to vote on the Assembly items for attendees ends when the sorting committee finishes counting the votes. The shareholders also have the right to discuss topics on the assembly’s agenda and raise questions.

E-Vote:

The shareholders registered in Tadawulaty Portal can vote remotely on the General Assembly meeting’s agenda starting at (01:00) on Sunday 14\04\2024, till the General Assembly meeting ends. Registration and Voting in Tadawulaty will be available and free for all shareholders using the following link: www.tadawulaty.com.sa.