The Board of Directors of Gulf Projects for Cooling and Electricity Company (Gulf Projects) has called its shareholders to attend the ordinary general assembly on Wednesday, April 30, 2025, to discuss the following agenda items:

•  Hearing and discussing the board of directors' report for the fiscal year ending December 31, 2024, and approving it.
• Hearing the report from the company's auditor, Talal Youssef Al-Mazeeni, from Deloitte & Touche - Al-Wazan & Partners, for the fiscal year ending December 31, 2024, and discussing and approving it.
•  Discussing and approving the consolidated financial statements and final accounts of the company for the fiscal year ending December 31, 2024.
• Hearing a report on any violations observed by regulatory authorities that resulted in penalties against the company (if any) for the fiscal year ending December 31, 2024.
• Approving the transfer of 279,726 Kuwaiti Dinars from the net profit for the fiscal year ending December 31, 2024, to the legal reserve, to recover part of the amounts deducted from it in previous years, in accordance with Article 222 of the Companies Law No. 1 of 2016.
• Discussing the board of directors' recommendation to suspend contributions to the general reserve.
• Discussing the board of directors' recommendation to distribute cash dividends amounting to 5% (5 Fils per share) totaling KWD 500,000 after excluding treasury shares and fractional shares, from the legal reserve for the fiscal year ending December 31, 2024. These distributions are due to the shareholders registered in the company’s records as of the date of the ordinary general assembly. Note that this recommendation is subject to the approval of the general assembly and the relevant regulatory authorities.
•  Discussing the board of directors' recommendation not to distribute bonuses to board members for the fiscal year ending December 31, 2024.
• Hearing the report on transactions with related parties for the fiscal year ending December 31, 2024, and authorizing the board to engage in transactions with related parties until the next general assembly for the fiscal year ending December 31, 2025.
• Discussing the discharge and release of board members from any liabilities relating to their legal, financial, and administrative actions for the fiscal year ending December 31, 2024.
• Appointing or reappointing the company’s auditor and authorizing the board to determine their fees for the fiscal year ending December 31, 2025.