| Element List | Explanation |
|---|---|
| Introduction | ASG Plastic Factory Co. announces the Board of Directors' resolution dated 02-04-1447 AH, corresponding to 24-09-2025 AD, which includes the approval of the resignation of Board Member Mr. Mohammad Rafdan Al-sahmah (Non-Executive Member), who submitted his resignation on 30-03-1447 AH corresponding to 22-09-2025 AD, due to personal reasons. The Board of Directors of ASG Plastic Factory Co. extends its sincere thanks and appreciation to Mr. Mohammad Rafdan Al-sahmah for his efforts and contributions during his term on the Board and wishes him continued success and prosperity. The Board also approved, in the same meeting, the appointment of Mr. Mohammed Waleed Al-numay (Independent Member) as a member of the Board of Directors, effective from 02-04-1447 AH, corresponding to 24-09-2025 AD, to complete the current board term ending on December 2, 2027. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Mohammad Rafdan Al-sahmah |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2025-09-22 Corresponding to 1447-03-30 |
| Resignation Effective Date | 2025-09-24 Corresponding to 1447-04-02 |
| Membership Starting Date for the Resigned Member | 2023-12-03 Corresponding to 1445-05-19 |
| Reasons of Resignation | Personal Reasons |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mohammed Waleed Al-numay |
| Membership Type | Independent |
| Membership Start Date | 2025-09-24 Corresponding to 1447-04-02 |
| Brief Resume of the Appointed Member | He holds a Bachelor's degree in Law from King Saud University and has over 3 years of practical experience in compliance and governance across the financial and technology sectors. In addition to holding several specialized professional certifications in compliance and governance, he currently serves as a Compliance Manager at Najm Company. Prior to this role, he held several positions in finance and technology companies. |
| 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 | 2025-09-24 Corresponding to 1447-04-02 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
| Additional Information | None |
