The United Wire Factories Co. announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE) for the possible acquisition of a stake in the ownership of A-1 Fence Arabia Company for Industry (a foreign limited company)

Element List	Explanation
Introduction	Further to the announcement by the United Wire Factories Co. of signing a (non-binding) Memorandum of Understanding on February 20, 2022 AD with A-1 Fence DMCC (UAE) for the possible acquisition of a stake in the ownership of A -1 Fence Arabia Company for Industry (a foreign limited company), which is wholly owned by the Company A-1 Fence DMCC (UAE) upon reaching a final agreement between the two parties, and since the announcement states that the term of the memorandum expires after (90) days from the date of signing, subject to extension by agreement of the two parties, the company announces its agreement with A-1 Fence DMCC (UAE) to extend the memorandum according to an annex to the memorandum of understanding for a period of (90) ninety days, subject to extension according to a written agreement between the two parties.
Previous Announcement	United Wire Factories Co. announces signing a Memorandum of Understanding with A-1 Fence DMCC (UAE)
Date of Previous Announcement on Tadawul’s Website	2022-02-21 Corresponding to 1443-07-20
Percentage of fulfilled achievement	not applicable
Event’s Expected Completion Date	not applicable
Reasons for Exceeding the Announced End Date	not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	not applicable
Impact of the Delay on the Company’s Financial Results	not applicable
Additional Information	not applicable

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