United Wire Factories Co. Invites Its Shareholders to Attend the Extraordinary General Assembly Meeting the Sixteenth (First Meeting) Through Means of Modern Technology

Element List	Explanation
Introduction	The Board of Directors of the Union Wire Factories Company is pleased to invite its shareholders to participate and vote in the extraordinary general assembly meeting that includes reducing the company’s capital (the first meeting), which is scheduled to be held at 7:30 pm on Wednesday 15/01/1445 AH (corresponding to 02/08/2023 AD). ) at the company’s headquarters in Riyadh – through modern technology, through the link www.tadawulaty.com.sa, in order to consider the agenda shown below
City and Location of the General Assembly’s Meeting	Remotely through contemporary technology, using Tadawulaty system, from United Wire Factories Co Headquarters in Riyadh- Industrial City – Al Kharj RD
URL for the Meeting Location	https://www.tadawulaty.com.sa
Date of the General Assembly’s Meeting	2023-08-02 Corresponding to 1445-01-15
Time of the General Assembly’s Meeting	19:30
Attendance Eligibility	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors.
Quorum for Convening the General Assembly’s Meeting	As per Article (34) of the Company’s Articles of Association, the quorum for holding the GA Meeting will be half of the capital .In case of non-completion of the quorum at this meeting, a second meeting will be held within an hour of the scheduled time for the First Meeting, while the Second Meeting will be valid if attended by shareholders representing at least a quarter of the Company’s capital.
General Assembly Meeting Agenda	1- To vote on the recommendation of the Board of Directors on Rabi` Al Thani 8,1444 AH corresponding to November 2, 2022 AD to reduce the company’s capital according to the following : A- The capital before reduction is 351,000,000 SAR, and after reduction will be 280,800,000 SAR. B- Reduction Percentage: 20% of the Company’s capital. C- The number of shares before reduction is 35,100,000 shares, and after reduction will be 28,080,000 shares. D- Reduction Ratio: One (1) share for every two (5) shares. E- Reasons for Capital Reduction: The capital exceeds the Company’s need. F- Method of Capital Reduction: Writing off 7,020,000 shares and compensating the eligible shareholders with the nominal value of (10) SAR for each canceled share. G- Impact of the Capital Reduction on the Company’s Obligations: There is no material impact of the capital reduction on the Company’s financial or operating obligations, operations, or performance. The management expects the reduction to positively impact the ratios of the Company’s performance and profitability indicators. H- Funding Reduction Process: The Company will finance the capital reduction process from its own resources. I- Reduction Date: In case the Company’s shareholders, in the Extra-Ordinary General Assembly Meeting, approve on reducing the Company’s capital, the reduction resolution will be effective for all the Company’s shareholders who are registered in the Company’s Shareholders’ Register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date The approval of the extraordinary general assembly to reduce the capital. J- Amending Article No. (7) of the Company’s Articles of Associations relating to the (Share Capital of the Company). K- Amending Article No. (8) of the Company’s Articles of Associations relating to the (Subscription to Shares). 2- Voting to amend the Articles of Association of the company to comply with the new Companies Law, and to rearrange the Articles of Association and their numbering to comply with the proposed amendments. (Attached)
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any)	The Company’s registered shareholders in Tadawulaty Services will be able to participate in the Electronic voting that will start at 01:00 a.m. on Saturday 29/07/2023 and will last until the end of the GA. Tadawulaty registration and voting on the General Assembly Meeting agenda items are free of charge for all the shareholders of the Company who can vote remotely via the website: www.tadawulaty.com.sa
Eligibility for Attendance Registration and Voting	Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
Method of Communication	For further inquiries regarding any of the GA’s items, please contact the CG & Investor Relations Dept. through any of the following contact ways: Investor Relations Department Tel. 0112655556 Ext. 1713 Email: IR.1301@unitedwires.com.sa
Additional Information	Attached is the assembly’s agenda, shareholders’ circular, and the company’s auditor’s report on the reduction process, as well as an attachment of a comparison table for the Articles of Association before and after the amendment and the amended Articles of Association.
Attached Documents

United Wire Factories Co. Invites Its Shareholders to Attend the Extraordinary General Assembly Meeting the Sixteenth (First Meeting) Through Means of Modern Technology

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