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Element List	Explanation
Introduction	Professional Medical Expertise Company, also Trading as (“ProMedEx “). signing of a non-binding memorandum of understanding with Zhende Medical Co., Ltd and MedSurg FZ-LLC. The aim is to establish a joint factory in the Kingdom of Saudi Arabia. The newly proposed entity will focus on manufacturing medical supplies to better serve the Saudi market, the Gulf Cooperation Council (GCC) countries, and the Middle East region. The establishment of this joint venture represents a significant achievement in the long-standing partnership between Professional Medical Expertise Company (“ProMedEx”), Zhende Medical Co., Ltd, and MedSurge LLC. The capital of the joint venture will be determined at a later stage, with Professional Medical Expertise Company owning 35% shares, Zhende Medical Co., Ltd owning 51% shares, and MedSurg FZ-LLC owning 14% shares. Under this cooperation, the company (“the joint venture”) will benefit from Zhende Medical Co., Ltd long experience in manufacturing a wide variety of high-quality medical supplies, MedSurge’s expertise in managing medical supply factories, in addition to Professional Medical Expertise Company’s strong presence in the local and Gulf markets and its expertise in selling and marketing medical products. It is worth noting that Zhende Medical Co., Ltd. (listed on the Shenzhen Stock Exchange, China 603301) is a leading global provider of medical care and protection in China, specializing in the manufacture of six product categories: basic medical dressings, sensory control in the operating room, compression and immobilization therapy, chronic wound and stoma care, isolation protection, and personal protection. Its products and solutions have served nearly 9,000 medical facilities and more than 210,000 pharmacies in more than 70 countries and regions worldwide, particularly in Europe, the United States, and China. The joint venture will primarily serve the Saudi market, but will also have the flexibility to expand into neighboring countries. This strategic partnership reinforces the parties' commitment to the Saudi Vision 2030 initiative, contributing to the development of local manufacturing capabilities, job creation, and technological advancement in the Kingdom of Saudi Arabia.
Memorandum Signing Date	2025-06-12 Corresponding to 1446-12-16
Counterparty	Zhende Medical Co., Ltd and MedSurg FZ-LLC
Memorandum Subject	Establishing a joint venture factory in the Kingdom of Saudi Arabia to manufacture medical supplies, to better serve the Saudi market and the Middle East region. Professional Medical Expertise Company (“ProMedEx”) will own 35% shares, Zhende Medical Co., Ltd will own 51% shares, and MedSurg FZ-LLC will own 14% shares.
Memorandum Duration	(3) years from the Memorandum of Understanding execution date.
Related Parties	Not Available
Financial Impact	It is expected that there will be a positive financial impact on the company once the plant starts operating, and any developments in this regard will be announced at that time.
Additional Information	Whereas our company ("Professional Medical Expertise Company") is a listed Saudi joint-stock company specializing in legal representation for medical device manufacturers, importing, storing, selling, and maintaining medical devices and supplies, operating throughout the Kingdom of Saudi Arabia, providing technical solutions to its clients, creating local value, and excelling in the provision of healthcare services, it has been discussed that the joint venture will grant Professional Medical Expertise Company ("ProMedEx") priority in distributing the products manufactured by the joint venture in the Kingdom of Saudi Arabia, based on terms and conditions to be agreed upon between the two parties. In the event that no agreement is reached, the joint venture may discuss distribution issues for the products to be manufactured with third parties. The Memorandum of Understanding execution document is dated on 12/06/2025 AD, and signed agreement copy was shared from the execution party on the 15/06/2025 AD.

Professional Medical Expertise Company, also Trading as (“ProMedEx"). announces signing a Memorandum of Understanding with Zhende Medical Co., Ltd and MedSurg FZ-LLC to establish a joint venture in the Kingdom of Saudi Arabia.