Kuwait Medical Center Holding Company (K.S.C.C.) will hold its Extraordinary General Meeting (EGM) on Sunday, 23 October 2022 in Sabah Al-Salem, Kuwait Hospital, the 2nd floor meeting room, to discuss the following agenda items: - Discuss the Board of Directors’ recommendation to approve business continuity. Discuss the Board of Directors’ recommendation to reduce the Company’s authorized, issued, and paid-up capital from KWD 28,536,078 to KWD 2.1 million, i.e., a reduction of KWD 26,436,078 of its capital, in order to partially write-off the accumulated losses as on 31 December 2021 and authorize the Board of Directors to dispose the fractional shares, if any. Discuss the Board of Directors’ recommendation to increase the Company’s authorized, issued, and paid-up capital from KWD 2.1 million to KWD 32.1 million, i.e., an increase of KWD 30 million, at a nominal value (100) fils per share. The cash increase shall be allocated to existing shareholders registered in the company’s records as of the EGM date. The Board of Directors was also authorized to set guidelines, rules, and conditions for calling the capital and disposing the fractional shares, if any. Accordingly, the EGM will discuss the amendment of Article (8) of the Memorandum of Incorporation and Article (5) of the Articles of Association, as follows: The Company’s authorized and issued capital was set at KWD 32.1 million, distributed over 321 million shares, at a nominal value of (100) fils per share, and all shares are in cash. The Company’s paid-up capital is KWD 2.1 million distributed over 21 million shares, at a nominal value of (100) fils per share, and all shares are in cash. Those amendments are subject to receiving regulatory approvals. The Company noted that the EGM quorum is 75% of the Company’s issued capital. If this quorum was not met, the EGM will be postponed to Sunday, 30 October 2022, at 12:00 p.m. at the same place. The second meeting shall be valid if attended by shareholders representing 50% of the Company’s issued capital.