Molan steel Company announces receipt of a notification that the average closing price of the stock has fallen below the minimum.

Element List	Explanation
Announcement Detail	Molan steel company announces that it received notification from the market on Monday, August 2026, that the average closing price of its shares fell below the minimum requirement. The following points should be noted: • Deadline for the company to take corrective action: The deadline for the company to take corrective action begins on Monday, August 3, 2026, and lasts for three months, in accordance with paragraph (c) of Article 33 of the Listing Rules. • Actions the company will take to comply with the minimum average closing price requirement: In accordance with the share consolidation regulations stipulated in the Implementing Regulations of the Companies Law for listed joint-stock companies, and in its endeavor to maintain the minimum closing price, the company will consolidate its shares to achieve a closing price of no less than SAR 3 per share. An extraordinary general assembly will be held to vote on the board's recommendation to consolidate the shares, unless the closing price of the share rises to SAR 3 or more during this period. • Impact: The company's shares will be consolidated, thereby reducing the total number of shares. The consolidation will be reflected in the new share price, while the company's share capital will remain unchanged. It should be noted that if the company fails to comply with the provisions of Article 33 of the Listing Rules, the "Procedures for Suspending Trading of Listed Securities in accordance with the Listing Rules" will apply, and the market will allow trading of the company's shares off-exchange. The company affirms its commitment to implementing the necessary procedures to comply with the minimum average closing price requirement for the share. The company also affirms its full commitment to disclosing any material developments as soon as they occur. For any inquiries, please contact the Shareholder Relations Department: By phone: +966 11 2255601, extension: 104 Or by email: contact@molansteel.com

Element List

Explanation

Announcement Detail

Molan steel company announces that it received notification from the market on Monday, August 2026, that the average closing price of its shares fell below the minimum requirement. The following points should be noted:

• Deadline for the company to take corrective action:

The deadline for the company to take corrective action begins on Monday, August 3, 2026, and lasts for three months, in accordance with paragraph (c) of Article 33 of the Listing Rules.

• Actions the company will take to comply with the minimum average closing price requirement:

In accordance with the share consolidation regulations stipulated in the Implementing Regulations of the Companies Law for listed joint-stock companies, and in its endeavor to maintain the minimum closing price, the company will consolidate its shares to achieve a closing price of no less than SAR 3 per share. An extraordinary general assembly will be held to vote on the board's recommendation to consolidate the shares, unless the closing price of the share rises to SAR 3 or more during this period.

• Impact:

The company's shares will be consolidated, thereby reducing the total number of shares. The consolidation will be reflected in the new share price, while the company's share capital will remain unchanged.

It should be noted that if the company fails to comply with the provisions of Article 33 of the Listing Rules, the "Procedures for Suspending Trading of Listed Securities in accordance with the Listing Rules" will apply, and the market will allow trading of the company's shares off-exchange. The company affirms its commitment to implementing the necessary procedures to comply with the minimum average closing price requirement for the share.

The company also affirms its full commitment to disclosing any material developments as soon as they occur.

For any inquiries, please contact the Shareholder Relations Department:

By phone: +966 11 2255601, extension: 104

Or by email: contact@molansteel.com