Aqaseem GA to discuss amending profit distribution rule

The Board of Directors of Aqaseem Factory Company for chemical and plastic industry (Saudi joint stock company listed) is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly meeting (the first meeting), which is scheduled to be held by means of modern technology, God willing, at (18:45) on Wednesday, 30-11-1443 corresponding to 29-06-2022 AD.

Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations.

The Extraordinary General Assembly meeting shall not be valid unless attended by shareholders representing 50% of the capital.

General Assembly Meeting Agenda:

1) Vote on the financial statements for the fiscal year ending on December 31, 2021 AD.

2) Vote on the report of the Board of Directors for the fiscal year ending on December 31, 2021 AD.

3) Vote to absolve the members of the Board of Directors from liability for the fiscal year ending on December 31, 2021 AD.

4) Vote on the auditor’s report for the fiscal year ending on December 31, 2021 AD.

5) Vote on appointing an auditor for the company from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the first, second, third, fourth and annual quarters of the fiscal year 2022 AD and for the first quarter of 2023 AD and determine his fees.

6) Vote on the amendment of Article (1) of the company’s articles of association related to the transformation. (Attached)

7) Vote on the amendment of Article (2) of the company’s articles of association related to the name of the company. (Attached)

8) Vote on the amendment of Article (13) of the company’s articles of association related to the shareholder register. (Attached)

9) Vote on amending Article (16) of the company’s articles of association related to the company’s management. (Attached)

10) Vote on the amendment of Article (18) of the company’s articles of association related to the vacant position in the board. (Attached)

11) Vote on amending Article (19) of the Company’s Articles of Association related to the Board’s powers. (Attached)

12) Vote on the amendment of Article (32) of the company’s articles of association related to the quorum of the ordinary general assembly meeting. (Attached)

13) Vote on the amendment of Article (33) of the company’s articles of association related to the quorum of the extraordinary general assembly meeting. (Attached)

14) Vote on amending Article (46) of the company’s articles of association related to the distribution of profits. (Attached)

Note that the registered shareholders in the Tadawulati services will be able to vote remotely on the items of the assembly starting from 16:00 pm on Sunday 27/11/1443 AH corresponding to 26/06/2022 AD until the end of the time of the assembly, and registration and voting in the trading services will be available and free for all shareholders using the following link (www.tadawulaty.com.sa).

Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes