| Introduction | With reference to Methanol Chemicals Company’s announcement published on the Tadawul website on 01/01/2026 regarding the Commercial Court’s acceptance of the plaintiffs' petition to amend the claim amount subject to the lawsuit to be One Hundred Eighty‑Five Million, Two Hundred Sixteen Thousand, Four Hundred Thirty‑Nine (185,216,439) Saudi Riyals instead of Forty‑Five Million, One Hundred Six Thousand, Five Hundred Eighty‑Four (45,106,584) Saudi Riyals. |
| Previous Announcement | Methanol Chemicals Company's (Chemanol) announcement regarding a lawsuit filed against the Company in connection with the acquisition transaction of Addar Chemicals Company (ACC) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-01-01 Corresponding to 1447-07-12 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Commercial Court in Dammam has decided to stay the proceedings until the final adjudication of another related lawsuit, in order to prevent any conflict of judgments that might arise from proceeding with the current case. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | Any developments concerning this case will be announced in due course. |