ADES Holding to Discuss Amending Remuneration Policy for BOD and Executive Committees on June 26

The Board of Directors of ADES Holding Company has invited its shareholders to participate and vote at the company’s Ordinary General Assembly meeting (first meeting), scheduled to be held on Wednesday, June 26, 2024, at 7:30 PM. The agenda includes voting on the amended remuneration policy for the Board of Directors, committee members, and executive management.

General Assembly Meeting Agenda:

1. Review and discuss the Board of Directors’ report for the fiscal year ending on 31 December 2023. (attached)

2. Voting on the external Auditors report for the fiscal year ending on 31 December 2023 after discussing it. (attached)

3. Review and discuss the financial statements for the fiscal year ending on 31 December 2023. (attached)

4. Voting on agreeing to absolve the members of the Board of Directors from their liabilities for the fiscal year ending on 31 December 2023.

5. Vote on appointing of the company’s auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the company’s financial statements for the quarter (first, second and third) and annual of the fiscal year 2024G, and determine his fees.

6. Voting on delegating the authority of the Ordinary General Assembly to the Board of Directors with powers referred to in Paragraph (1) of Article (27) of the Companies Law, for a year from the date of Ordinary General Assembly’s approval to the delegation or until the end of the current term of the Board of Directors, whichever is earlier in accordance with the requirements stipulated in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies.