Knowledge Net Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Shareholders of Knowledge Net approved all agenda items at the Ordinary General Assembly held on June 25, 2026, including the financial statements and board report for the fiscal year ending December 31, 2025.
RSM (United Accountants for Professional Consulting) was appointed as the company's auditor to review and audit the financial statements for the first half and the full fiscal year of 2026.
The assembly approved a SAR 7.66 million related-party transaction with Global Company for Project Management and Technical Technology for the purchase of software intellectual property rights at cost.
Several financing agreements with major shareholders and board members were approved, including SAR 688,000 from the Chairman and SAR 601,375 from the CEO, as well as settlements involving affiliate "Vision Fall" totaling over SAR 2.47 million.

Element List	Explanation
Introduction	KnowledgeNet announces the results of the Ordinary General Assembly Meeting (First Meeting), which was held after the required legal quorum for the first meeting had been achieved at 8:45 p.m. on Thursday, 10/01/1448H, corresponding to 25/06/2026, through modern technology means.
City and Location of the General Assembly's Meeting	The General Assembly meeting was held from the Company's head office in Riyadh (remotely), through modern technology means.
Date of the General Assembly's Meeting	2026-06-25 Corresponding to 1448-01-10
Time of the General Assembly’s Meeting	20:45
Percentage of Attending Shareholders	51.8
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The meeting was attended by the following members of the Board of Directors: 1.Mr. Mohammed Ibrahim Al Mansour – Chairman of the Board of Directors 2.Mr. Khalid Abdulrahman Al Mousa – Vice Chairman of the Board of Directors 3.Mr. Mohammed Ahmed Attia – Managing Director and Board Member 4.Mr. Abdulrahman Yahya Al Yahya – Board Member 5.Mr. Raad Abdulaziz Al Abdulqader – Board Member - Did not attend
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Mr. Ibrahim Mohammed Al Saif – Chairman of the Audit Committee Mr. Mohammed Zakaria Saleem
Voting Results on the Items of the General Assembly's Meeting Agenda's	Attachment
Additional Information	RSM was appointed as the Company's external auditor from among the nominated candidates to examine, review, and audit the financial statements of the Company and its subsidiaries for the first half of the fiscal year and the annual financial statements for the fiscal year 2026. The auditor's fees were approved at SAR 440,000.
Attached Documents	Attached Documents