Corrective Announcement from Methanol Chemicals Company (Chemanol) Regarding its earlier announcement of the Termination of its CEO's Contract and Assigning the Vice President of Manufacturing to Temporarily Assume the Duties of the CEO

Element List	Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website	2025-05-18 Corresponding to 1446-11-20
Hyperlink to the Previous Announcement	Click Here
Incorrect statements in the previous announcement	Reasons for Resignation: Termination of employment contract

Resignation Effective Date: 15/05/2025

Date Work Commencement: 15/05/2025 Correct Statement Reasons for Resignation: Termination of employment contract on personal grounds

Resignation Effective Date: 29/05/2025

Date Work Commencement: 30/05/2025 Additional Information Based on the above, the CEO's employment contract will be terminated effective May 29, 2025.

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