United Wire Factories Co. announces an updates on Aslak announcement of signing of a non-binding memorandum of understanding with Al Raeda Industrial Investment Company

Element List	Explanation
Introduction	With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul dated 30 Jumada al-Akhirah 1446H corresponding to 31 December 2024G, related to the announcement of Aslak that it had signed a (non-binding) memorandum of understanding with Al Raeda Industrial Investment Company (Al Raeda).

Aslak would like to announce its agreement with Al-Raeda to extend the memorandum of understanding for a period of (184) days, ending on 31 December 2025G, extendable by written agreement between the two parties, for the purpose of completing the due diligence audit and regaltory requirements. Previous Announcement Aslak announces the signed a (non-binding) memorandum of understanding (40.0%) of the shares of Al Raeda through the issuance of new shares to the shareholders of Al Raeda in Aslak Date of Previous Announcement on Saudi Exchange’s Website 2024-12-31 Corresponding to 1446-06-30 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event Extending the memorandum for a period of (184) days, ending on 31 December 2025G extendable by written agreement between the two parties, for the purpose of completing the due diligence audit and regulatory requirements. Reasons For The Delay on The Date of The Event Previously Announced N/A The costs associated with the event, and if they have changed or not with indication of the reasons. N/A Delay consequences on the Company’s financial results N/A Additional Information No further information

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