Methanol Chemicals Co. (Chemanol) Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	The Board of Directors of Methanol Chemicals Company (Chemanol) is pleased to announce to the Company’s shareholders the results of the Ordinary General Assembly meeting (First meeting), held at the Company’s Head Office – Jubail Industrial City on Monday 05/01/1447 H. corresponding to 30/06/2025 at 7:00 pm. via modern technology means provided by Tadawulaty. and the attendance was 25.5 % of the Company’s total share capital
City and Location of the General Assembly's Meeting	Company Head Office – Jubail Industrial City
Date of the General Assembly's Meeting	2025-06-30 Corresponding to 1447-01-05
Time of the General Assembly’s Meeting	19:00
Percentage of Attending Shareholders	25,5%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following Board members attended the meeting:

1. Mr. Fahad Fozan Al-Shaya (Chairman)

2. Mr. Abdullah Sulaiman Al-Sayari (Vice Chairman)

3. Dr. Abdul Aziz Abdul Rahman Al-Shamekh (Board Member)

4. Eng. Sultan Saleh Al-Khamshi. (Board Member)

5. Mr. Fahd Saud Al-Omran (Board Member)

6. Mr. Abdullah Mushabab Al-Qahtani (Board Member)

7. Mr. Yousif Abdullah Al Rajhi (Board Member) Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1. Mr. Fahad Fozan Al-Shaya (Chairman of Board of Directors and Executive Committee)

2. Mr. Yousif Abdullah Al Rajhi (Chairman of Audit Committee)

3. Dr. Abdul Aziz Abdul Rahman Al-Shamekh (Chairman of NRC) Voting Results on the Items of the General Assembly's Meeting Agenda's 1. The Board of Directors' report for the financial year ended 31/12/2024 was reviewed and discussed.

2. Approval of the auditor’s report on the Company’s accounts for the financial year ended 31/12/2024 after discussion.

3. The financial statements for the financial year ended 31/12/2025 were reviewed and discussed.

4. Approval of the appointment of Messrs. / Ernst & Young as auditor for the Company from among the candidates based on the Audit Committee's recommendation in order to examine, review, and audit the second, third, and fourth quarters and annual financial statements of the financial year 2025, and the first quarter of the financial year 2025; against fees amounting to SAR 631,000 excluding the value-added tax (VAT).

5. Approval of the Board of Directors' decision to appoint Mr. Fahad Fozan Al-Shaya (Non-Executive Member) as a Board member, effective 27/02/2025, until the end of the current Board term on 11/11/2028. Mr. Al-Shaya was appointed as a successor to the former member Eng. Abdullah Abdulaziz Al-Znaedi.

6. Approval of the Board of Directors' decision to appoint Mr. Abdullah Sulaiman Al-Sayari (Independent Member) as a Board member, effective 15/04/2025, until the end of the current Board term on 11/11/2028. Mr. Al-Sayari was appointed as a successor to the former member Eng. Fares Mansoor Al-Rajhi.

7. Approval of the Audit Committee's recommendation to increase the auditor's fees by SAR 250,000 over the sum agreed upon in the General Assembly meeting on June 13, 2024. This adjustment reflects the additional efforts required for the consolidation of the financial statements following the completion of the two acquisition deals.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.