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Element List	Explanation
Introduction	Referring to the announcement of WSM for Information Technology Co. on 21/08/2025, that it has signed a non-binding Memorandum of Understanding with Prime Capital Holding Company to acquire 100% of Cyber Zone for Cybersecurity Company, and referring to the announcement of the latest developments published on 01/09/2025 by receiving a No Notification Required certificate from the General Authority for Competition. The Company would like to announce that on 10/11/2025, the non-binding Memorandum of Understanding with Prime Capital Holding Company was terminated without communicating an agreement regarding the Company's acquisition of 100% of Cyberzone for Cybersecurity Company, following the results of the financial evaluation and due diligence, the results of which did not reach aspirations and directions at this stage.
Previous Announcement	WSM For Information Technology Co. Announces the Execution of a Non-Binding Memorandum of Understanding with Prime Capital Holding Company to Acquire 100% of Cyber Zone for Cybersecurity Company
Date of Previous Announcement on Saudi Exchange’s Website	2025-09-01 Corresponding to 1447-03-09
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Termination of the non-binding memorandum of understanding with Prime Capital Holding Company without communicating an agreement regarding the company's acquisition of 100% of Cyber Zone for Cybersecurity Company, after the results of the financial evaluation and due diligence, the results of which did not reach the company's aspirations and directions at this stage.
Reasons For The Delay on The Date of The Event Previously Announced	Not Available
The costs associated with the event, and if they have changed or not with indication of the reasons.	No change in previous cost
Delay consequences on the Company’s financial results	Not Available
Additional Information	Not Available

WSM for Information Technology Co. Announces an update on WSM For Information Technology Co. Announces the Execution of a Non-Binding Memorandum of Understanding with Prime Capital Holding Company to Acquire 100% of Cyber Zone for Cybersecurity Company