| Introduction | Molan Steel Co. announces its inability to publish the annual consolidated financial results and the Board of Directors’ report for the period ended 31/12/2025 on the Saudi Exchange (Tadawul) website within the prescribed deadline. |
| The reason and obstacles for the inability to post the financial results within the legal period | The company’s inability to publish the consolidated annual financial results and the Board of Directors’ report within the deadtime is due to the incomplete audit work to date, as a result of the material developments related to the signing of the final settlement agreement announced on March 30, 2026, which necessitated the completion of the study and treatment of its financial and accounting effects on the annual financial statements, in addition to the continued work to determine the value of the acquired company and its implications for disclosure in the financial statements, which prevented the completion of the audit work, the approval of the results, and their publication in the specified time |
| A timetable for the procedures taken or to be taken by the company to post the financial results | The company is working on finalizing the financial statements with the external auditor and publishing them immediately after approval. |
| The expected date for posting the financial results | Before the deadline of twenty trading sessions maximum by April 29, 2026. |
| The date of suspending the trading of listed securities | 2026-04-01 Corresponding to 1447-10-13 |
| Additional Information | The Company would also like to clarify that it will be subject to the procedures for the suspension of trading in listed securities under the Listing Rules. The Company shall further announce, every month, any developments relating to its inability to publish the financial results, and shall disclose any material developments without delay. |