The Extraordinary General Assembly of OTC 275 Amwal International Holding Company, held on July 17, 2025, approved the Board of Directors’ recommendation to reduce the number of board members from five to three.

It also approved the amendment of Article (14) of the company’s bylaws to read as follows:

"The company shall be managed by a Board of Directors consisting of three (3) members elected by secret ballot during the General Assembly. Any shareholder, whether an individual or a corporate entity, may appoint representatives to the Board proportionate to their shareholding. These appointed members shall be deducted from the total number of elected members. Shareholders with appointed representatives may only participate in electing the remaining members based on any share beyond the ones used for the appointments. Groups of shareholders may form alliances to appoint one or more representatives on the Board proportionate to their combined ownership. Board membership duration is three years and may be renewed".