ASG Plastic Factory Co. Announces the Reconstitution of the Audit Committee

Element List	Explanation
Introduction	ASG Plastic Factory Co. announces the Board of Directors' resolution dated 16-01-1448 AH, corresponding to 01-07-2026 AD, to reconstitute the Audit Committee. This reconstitution shall be effective as of the date of approval of the aforementioned Board resolution and shall remain in effect until the end of the current Board term on 02-12-2027 AD. Audit Committee before the reconstitution: 1- Mr. Elsayed Ahmed Elsayed Elbaz - Committee Chairman (Non-Board Member) 2- Ms. Lojain Musaed Al-Mulaifi - Committee Member (Non-Board Member) 3- Ms. Renad Brahim Al-Muways - Committee Member (Non-Board Member) Audit Committee after the reconstitution: 1- Mr. Ibrahim Mohammed Ibrahim Al-Shalan - Committee Chairman (Board Member - Independent) 2- Mr. Elsayed Ahmed Elsayed Elbaz - Committee Member (Non-Board Member) 3- Mr. Khaled Abdullah Fahad Al-Zaid - Committee Member (Non-Board Member)

Element List

Explanation

Introduction

ASG Plastic Factory Co. announces the Board of Directors' resolution dated 16-01-1448 AH, corresponding to 01-07-2026 AD, to reconstitute the Audit Committee. This reconstitution shall be effective as of the date of approval of the aforementioned Board resolution and shall remain in effect until the end of the current Board term on 02-12-2027 AD.

Audit Committee before the reconstitution:

1- Mr. Elsayed Ahmed Elsayed Elbaz - Committee Chairman (Non-Board Member)

2- Ms. Lojain Musaed Al-Mulaifi - Committee Member (Non-Board Member)

3- Ms. Renad Brahim Al-Muways - Committee Member (Non-Board Member)

Audit Committee after the reconstitution:

1- Mr. Ibrahim Mohammed Ibrahim Al-Shalan - Committee Chairman (Board Member - Independent)

2- Mr. Elsayed Ahmed Elsayed Elbaz - Committee Member (Non-Board Member)

3- Mr. Khaled Abdullah Fahad Al-Zaid - Committee Member (Non-Board Member)

Element List	Explanation
Appointed Member Name	Ibrahim Mohammed Ibrahim Al-Shalan
Membership Start Date	2026-07-01 Corresponding to 1448-01-16
Brief Resume of the Appointed Member	Obtained a Bachelor's degree in Sharia from Imam Mohammad Ibn Saud Islamic University and a Master’s Degree in Legal Studies for International Lawyers from University of St. Thomas School of Law. He has more than 16 years of professional experience in the field of legal practice and consultancy, in addition to 6 years of experience in the field of general management and professional partnership. He began his career as a Lawyer at Saad Bin Ghunaim Law Firm and Legal Consultancies from 2009 to 2010, then served as a Legal Consultant at the same firm until 2015. He subsequently joined Adel Bin Mohammed Al-Baran Law Firm and Legal Consultancies as a Lawyer and Legal Consultant, where he worked until 2019. Since 2019, he has been a Partner and Lawyer at Adel Bin Mohammed Al-Baran Law Firm and Legal Consultancies. In addition, he has served as General Manager of Ayyinah Research and Studies Company since 2021.
The date of the approval by other official authorities	Not applicable

Element List	Explanation
Appointed Member Name	Elsayed Ahmed Elsayed Elbaz
Membership Start Date	2026-07-01 Corresponding to 1448-01-16
Brief Resume of the Appointed Member	Obtained a Bachelor’s degree in Commerce (Accounting Department) from Mansoura University. He has more than 30 years of professional experience in the field of accounting, in addition to 7 years of experience in financial management and 3 years in auditing and review. He began his professional career as an accountant at Mohamed Neama Office from 1994 to 1996, then worked as an auditor at Hany Bayoumi Al-Sohaimi Office in 1997. He later joined Al-Omairini Group of Companies, where he served as Head of Internal Audit and Review Department from 2000 to 2001, and then as Chief Accountant and Projects Accounting Manager from 2002 to 2003. He also served as Senior Accounting Expert and Head of Department at the Experts Authority of the Egyptian Ministry of Justice from 2012 to 2018. He is currently the Chief Financial Officer at Mohamed Nasser Al-Furaidi Plastic Industries Factory since 2018, in addition to his role as an Accounting Expert at the Egyptian Ministry of Justice since 1997 to present.
The date of the approval by other official authorities	Not applicable

Element List	Explanation
Appointed Member Name	Khaled Abdullah Fahad Al-Zaid
Membership Start Date	2026-07-01 Corresponding to 1448-01-16
Brief Resume of the Appointed Member	Obtained a Bachelor’s degree in Accounting from Majmaah University. He is currently pursuing a Master’s degree in Accounting. He also Obtained a Diploma in Computer Science and Information Technology from Ibn Rushd College For Management Sciences. He has diverse professional experience at ASK Pipes Company from 2020 to 2023, where he worked in supervision and team management, and later as a Marketing Specialist. He is currently working as an Accountant at Azyan Company For Boxes & carton since 2023.
The date of the approval by other official authorities	Not applicable

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2026-07-01 Corresponding to 1448-01-16
Additional Information	Pursuant to the Board of Directors’ resolution referred to above regarding the reconstitution of the Audit Committee, the membership of Ms. Lojain Musaed Al-Mulaifi and Ms. Renad Brahim Al-Muways in the Committee has ended as of the date of approval of the resolution, 16-01-1448 AH, corresponding to 01-07-2026 AD. The Board of Directors extends its sincere thanks and appreciation to them for their efforts and contributions during their tenure on the Committee, and wishes them continued success and prosperity.

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Explanation

Date of Board Meeting in which Appointed New Member(s) were Appointed

2026-07-01 Corresponding to 1448-01-16

Additional Information

Pursuant to the Board of Directors’ resolution referred to above regarding the reconstitution of the Audit Committee, the membership of Ms. Lojain Musaed Al-Mulaifi and Ms. Renad Brahim Al-Muways in the Committee has ended as of the date of approval of the resolution, 16-01-1448 AH, corresponding to 01-07-2026 AD.

The Board of Directors extends its sincere thanks and appreciation to them for their efforts and contributions during their tenure on the Committee, and wishes them continued success and prosperity.