Methanol Chemicals Company invites its Shareholders to attend the Extraordinary General Assembly Meeting through the Modern Technology Means (First Meeting)

Methanol Chemicals Company invites its Shareholders to attend the Extraordinary General Assembly Meeting through the Modern

Technology Means (First Meeting)

Element Explanation

Introduction

The Board of Directors of Methanol Chemicals Company is pleased to invite the Company’s shareholders to attend and vote at the Extraordinary General Assembly Meeting (first meeting) on Thursday 26/11/1444 A. H. corresponding to 15/06/2023 at 8:30 pm. The meeting will be held via modern technology means provided by Tadawulaty.

City and Location of the Extraordinary General Assembly's Meeting

Company Head Office – Jubail Industrial City

URL for the Meeting Location

31TU

https://www.tadawulaty.com.sa/

Date of the

Extraordinary General Assembly's Meeting

26/11/1444 Corresponding to 15/06/2023

Time of the Extraordinary General Assembly's Meeting

20:30

Attendance Eligibility

Each shareholder registered in the Company’s Shareholders Register maintained at the Depository Center at the end of the trading session preceding the General Assembly Meeting and as per the Rules and Regulations, The shareholder has the right to discuss the topics on the agenda of the assembly and ask questions..

Quorum for Convening the Extraordinary General Assembly's Meeting

As per Article (34) of the Company’s Articles of Association, “the meeting of the Extraordinary General Assembly shall be valid only if attended by Shareholders representing at least half of the share capital. If the required quorum is not satisfied for this meeting, a second meeting shall be held one hour after the expiration of the designated period for convening the first meeting. The second meeting shall be valid if attended by Shareholders representing at least one quarter of the share capital.

Meeting Agenda 1. Voting on amending the Company’s Articles of Association to comply with the new Companies Law (attached).

Proxy Form Attached

E-Vote

The shareholders can remotely vote on the General Assembly Meeting’s agenda via E-voting service through Tadawulaty website:

www.tadawulaty.com.sa.

The registration in Tadawulaty service and voting is provided free of charge for all shareholders. The remote voting will start on Sunday 22/11/1444 A. H.

corresponding to 11/06/2023 at (01:00) am, and the voting will end once the Ordinary General Meeting ended.

Eligibility for Attendance Registration and Voting

The right for registering to attend the General Assembly Meeting ends at the time of the meeting,

and

the attendee’s right to vote on the meeting items ends when the Counting Committee finishes counting the votes.

Method of Communication

Shareholders inquires and questions will be received via email:

investorrelations

@chemanol.com or phone 0133438008.

Additional Information Remote voting will suffice.

Proxy Form

Dear Valued Shareholders,

We hereby draw your kind attention that the Proxy Form is not available as the Extraordinary General Assembly Meeting will be held only through modern technology means on Tadawulaty website: www.tadawulaty.com.sa.

It is worth mentioning that registration in Tadawulaty service and voting is provided free of

charge for all shareholders.