ASG Plastic Factory Co. announces the latest developments regarding the signing of an industrial land lease contract with the Saudi Authority for Industrial Cities and Technology Zones (MODON), with an area of one hundred thousand three hundred and seventy-seven square meters (100,377 m²) in Sudair Industrial and Business City

Element List	Explanation
Introduction	With reference to ASG Plastic Factory Co. announcement dated 07-01-1448 AH corresponding to 22-06-2026 AD, regarding the signing of an industrial land lease contract with the Saudi Authority for Industrial Cities and Technology Zones (MODON), with an area of one hundred thousand three hundred and seventy-seven square meters (100,377 m²) in Sudair Industrial and Business City. The company announces the details of the Fourth Expansion Project, with an estimated total project cost of SAR (50) million. Construction and execution works are expected to commence by the end of the third quarter of 2026. The project is expected to be completed during the first quarter of 2028, with commercial production also expected to commence during the first quarter of 2028.
Previous Announcement	ASG Plastic Factory Co. announces regarding the signing of an industrial land lease contract with the Saudi Authority for Industrial Cities and Technology Zones (MODON), with an area of one hundred thousand three hundred and seventy-seven square meters (100,377 m²) in Sudair Industrial and Business City.
Date of Previous Announcement on Saudi Exchange’s Website	2026-06-22 Corresponding to 1448-01-07
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The company announces the details of the Fourth Expansion Project, with an estimated total project cost of SAR (50) million. Construction and execution works are expected to commence by the end of the third quarter of 2026. The project is expected to be completed during the first quarter of 2028, with commercial production also expected to commence during the first quarter of 2028. The Company is currently conducting discussions with a number of suppliers and consultants for the execution of the project's construction works. The project will be self-financed by the Company, with the possibility of benefiting from financing programs and facilities offered by the Saudi Industrial Development Fund or other financing entities.
Reasons For The Delay on The Date of The Event Previously Announced	None
The costs associated with the event, and if they have changed or not with indication of the reasons.	The estimated total project cost is SAR (50) million. It is worth noting that this figure is an estimate and is subject to change based on market fluctuations and actual implementation costs throughout the project phases.
Delay consequences on the Company’s financial results	None
Additional Information	The launch of this project comes as part of the company’s strategy aimed at increasing its production capacity to meet the growing market demand, in line with the Kingdom’s development and advancement objectives. The company will announce any material developments related to the project in due course.