Cherry Trading Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)

Shareholders approved a cash dividend of SAR 15,000,000 for the fiscal year ended December 31, 2025, at SAR 0.50 per share (5% of share capital), with distribution starting on July 2, 2026.
BDO was appointed as the external auditor for the second quarter of 2026 through the first quarter of 2027 for a fee of SAR 750,000.
The assembly approved related party transactions for FY 2025 totaling over SAR 10.9 million, including a SAR 6.6 million vehicle transportation contract with H-10 Logistics Services and various lease agreements with Saudi Edarah Company.
Extensive amendments to the Company’s Articles of Association were approved to align with the new Companies Law, including provisions for interim dividend distribution and the issuance of different share classes.

Element List	Explanation
Introduction	The Board of Directors of Cherry Trading Company is pleased to announce the results of the Extraordinary General Assembly Meeting (First Meeting), which was held remotely through modern technology means at 6:30 p.m. on Monday, 07/01/1448H, corresponding to 22/06/2026G.
City and Location of the General Assembly's Meeting	The Company's headquarters in Riyadh (held remotely via modern technology means).
Date of the General Assembly's Meeting	2026-06-22 Corresponding to 1448-01-07
Time of the General Assembly’s Meeting	18:30
Percentage of Attending Shareholders	73.12%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following members of the Board of Directors attended the meeting: 1. Mr. Riyadh Ibrahim AlRumayzan – Chairman of the Board. 2. Mr. Zaid Mohammed AlNasser – Acting Chief Executive Officer (CEO). 3. Mr. Nasser Ibrahim AlOmair – Board Member. 4. Mr. Saleh Abdullah AlYahya – Board Member. 5. Mr. Abdulaziz Othman AlNasser – Board Member.
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	The following committee chairpersons attended the meeting: 1. Mr. Saleh Abdullah AlYahya – Chairman of the Audit Committee. 2. Mr. Abdulaziz Othman AlNasser – Chairman of the Nomination Committee.
Voting Results on the Items of the General Assembly's Meeting Agenda's	Attached
Additional Information	The Board of Directors of Cherry Trading Company is pleased to extend its sincere appreciation to the esteemed shareholders for their attendance and participation in the proceedings of the Extraordinary General Assembly Meeting (First Meeting). The Board highly values their confidence and recognizes their important role in supporting the Company’s strategic direction and contributing to the achievement of its objectives.
Attached Documents	Attached Documents