ADVANCED PETROCHEMICAL GA to vote on BOD member election

Advanced Petrochemical Company is pleased to invite its shareholders to attend the 16th Ordinary General Assembly Meeting (first meeting) via modern technology means.

The quorum to convene Ordinary General Meeting is the attendance of shareholders representing at least twenty five (25%) percentage of the Company’s capital. If such quorum is not present at the first meeting, the second meeting will be held one hour after the end of the period specified for the first meeting and the second meeting will be deemed quorate irrespective of the number of shares represented at the meeting.

The shareholders registered in the Company’s shareholders registry in the Depository Center at the end of the trading session preceding the General Assembly’s meeting as per Laws and Regulations.

General Assembly Meeting Agenda:

1. To vote on the election of the members of the Board of Directors among the board membership nominees for upcoming term, which will be starting from October 1, 2022 for a term of three years and end on September 30, 2025 (attached their CVs).

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.

Shareholders can remotely vote on the agenda items through (E-Voting System) starting from 01:00 p.m. Saturday August 27, 2022 corresponding to 29-01-1444H until the end of the Assembly meeting time. The registration in Tadawulaty services and voting are available and provided free of charge for all shareholders through the following link: www.tadawulaty.com.sa

Additional Information:

In the event that the results of the voting will not enable the company to appoint the minimum number of independent members in the Board as required by the applicable regulations, then non-independent members will be replaced by independent members according to the number of votes they will obtain.