Methanol Chemicals Co. Announces Resignation and Appointment of a Board Member

Element List	Explanation
Introduction	Methanol Chemicals Company (Chemanol) announces that Board Member Eng. Sultan bin Saleh Al-Khamshi (Independent Member) has submitted his resignation due to his professional obligations and increasing responsibilities as of 19/02/1448H, corresponding to 02/08/2026, with the resignation becoming effective on the same date.

It is worth noting that Eng. Sultan Al-Khamshi served as a member of the Company’s Board of Directors during its current term, which commenced on 12/11/2024. The Board of Directors extends its sincere gratitude and appreciation to him for his valuable contributions and efforts throughout his tenure.

Furthermore, the Board of Directors resolved on 02/08/2026 to appoint Mr. Abdullah Ahmed Hussein Abuthyab as a Board Member to serve for the remainder of his predecessor’s term until the conclusion of the current Board cycle on 11/11/2028.

Element List	Explanation
Resigned Member Name	Sultan Bin Saleh Al-Khamshi
Membership Type	Independent
Resignation Submission Date	2026-08-02 Corresponding to 1448-02-19
Resignation Effective Date	2026-08-02 Corresponding to 1448-02-19
Membership Starting Date for the Resigned Member	2024-11-12 Corresponding to 1446-05-10
Reasons of Resignation	due to his professional obligations and increasing responsibilities

Element List	Explanation
Appointed Member Name	Abdullah Bin Ahmed Hussein Abuthyab
Membership Type	Independent
Membership Start Date	2026-08-02 Corresponding to 1448-02-19
Brief Resume of the Appointed Member	Mr. Abdullah Ahmed Abuthyab brings over 20 years of professional experience across executive management, business administration, technology, sales, and operational management.

He has held several key leadership and executive roles, including serving as CEO of Qabas Technology for Trading Co. (2009–Present) and General Manager of World Box Factory Co. He also held various technical and managerial positions at Saudi Telecom Company (STC), where he served as IT Manager for the Financial Sector and oversaw major technology projects in collaboration with global vendors such as HP. In addition, he previously worked at the National Company for Cooperative Insurance (NCCI).

Mr. Abdullah Abuthyab holds a Bachelor's degree from the College of Computer & Information Science at King Saud University. The date of the approval by other official authorities N/A

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2026-08-02 Corresponding to 1448-02-19
Board Approval	Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval

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