OYC 498 Asia Holding Company will hold its Ordinary and Extraordinary General Assembly on Wednesday, September 10, 2025, to discuss the financial year ending December 31, 2024, and the Board of Directors' recommendation not to distribute dividends for the fiscal year ending December 31, 2024, as well as not to grant bonuses to Board members.

During the Extraordinary General Assembly, shareholders will also discuss reducing the company’s authorized, issued, and paid-up capital from KWD 15,744,248 to KWD 2,143,759 to offset accumulated losses of KWD 13,856,241 as of December 31, 2024, through the following steps:

- Offset KWD 127,122 of accumulated losses using the optional reserve.
- Offset KWD 128,630 of accumulated losses using the statutory reserve.
- Offset the remaining KWD 13,600,489 from the company’s capital, reducing it to KWD 2,143,759.
Additionally, the meeting will include a proposal to amend Article 6 of the Memorandum of Association and Article 5 of the Articles of Association.

Current text:

"The company’s capital is set at KWD 15,744,248 divided into 157,442,480 shares with a nominal value of 100 Fils per share, all of which are paid in cash."

Proposed amendment:

"The company’s authorized, issued, and paid-up capital is set at KWD 2,143,759 divided into 21,437,590 shares with a nominal value of 100 Fils per share, all of which are paid in cash."