Methanol Chemicals Co. Announces Appointment Audit Committee Member

Element List	Explanation
Introduction	Methanol Chemicals Company (Chemanol) announces that its Board of Directors has decided (by correspondence) to appoint Mr. Abdullah Abdul Rahman Al-Kharashi as a member of the Audit Committee, effective Thursday, July 24, 2025. He succeeds Mr. Saleh Muqbil Al-Khalaf, who resigned on July 16, 2025

Element List	Explanation
Appointed Member Name	Abdullah Abdulrahman Alkharashi
Membership Start Date	2025-07-24 Corresponding to 1447-01-29
Brief Resume of the Appointed Member	Mr. Abdullah Al-Kharashi is an audit expert with over 25 years of experience in international internal audit. He developed this extensive experience during his tenure as an Internal Auditor and Senior Auditor at SABIC from 1996 to 2019. His expertise spanned the Middle East, USA, Europe, and Asia, provided him with a profound understanding of audit operations. He specializes in finance, procurement, sales, supply chains, The operational audit of the company's plants inside and outside the Kingdom, Governance, and risk management. He demonstrates strong leadership in internal audit management and in providing senior management with consulting services.

Throughout his career, Mr. Al-Kharashi oversaw and actively participated in special assignments and activities for various entities within SABIC, including investigations related to the misuse of company assets, sales activities, and procurement section as well as the Forensic Audit of employee housing benefits scheme. He also served as the Secretary of the Accounting & Audit Standards Committees at the Saudi Organization for the Public Accountants (SOCPA) from 1994 – 1996..

Currently, he serves as CEO of Abdullah Al-Kharashi Management Consulting Co., Vice Chairman of the Board of Directors of the Cooperative Agri-Rural Tourism Association (Refena), and also Chairman of the Internal Audit Committee of Refena. He also operates as a licensed management consultant since 2019, He provides management consulting services to listed and non-listed companies in the field of internal audit. providing Management Consulting Services to various entities, including individuals, family companies, medium-sized companies, and companies listed on the Saudi Stock Market (TASI), in the field of internal audit, financial control, and risk management.

Mr. Al-Kharashi holds a Bachelor's degree in Accounting from King Saud University, KSA. He also attended several specialized courses in Anti-Corruption, Anti-Money Laundering Laws & Regulations, Effective Technology Audit.. etc.. The date of the approval by other official authorities N/A

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Date of Board Meeting in which Appointed New Member(s) were Appointed	2025-07-24 Corresponding to 1447-01-29

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