| Element List | Explanation |
|---|---|
| Introduction | Advanced Petrochemical Company (Company) is pleased to announce the resumption of operations of its propylene and polypropylene plants from 15/08/1442H corresponding to 28/03/2021 for PP Plant and from 29/08/1442H corresponding to 11/04/2021 for PDH Plant after the successful completion of all required routine and preventive maintenance in accordance with the occupational safety and health standards approved by the Company, despite the exceptional circumstances of the emerging corona virus (COVID-19) pandemic, as maintenance activities were carried out within the preventive and precautionary measures issued by the competent health and relevant authorities. |
| Previous Announcement | The shutdown of the Company's propylene & polypropylene plants for periodic scheduled maintenance activities. |
| Date of Previous Announcement on Tadawul's Website | 2020-03-07 Corresponding to 1441-07-12 |
| Percentage of fulfilled achievement | 100% |
| Event's Expected Completion Date | 29/08/1442H corresponding to 11/04/2021 |
| Reasons for Exceeding the Announced End Date | To complete all scheduled maintenance activities. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no material or significant change in the costs associated with the maintenance activities. |
| Impact of the Delay on the Company's Financial Results | There is no change in the financial impact of the previously announced event, as the expected financial impact for this shutdown will be reflected in the financial statements of the first and second quarters of 2021 based on the expected prices of feedstock and Polypropylene. |
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