The General Assembly of OTC 140 AAN Digital Services Holding Company is scheduled to convene its Ordinary and Extraordinary General Meetings on Thursday, September 4, 2025, to discuss several critical matters. Key among them is the fact that the company’s accumulated losses have reached three-quarters of its paid-up capital, prompting a discussion on whether to continue the company's operations, dissolve it, or take the necessary measures to ensure its continuity.

The assembly will consider a proposal to reduce the company's authorized, issued, and paid-up capital from KWD 16,254,461 to KWD 2,427,630, in order to fully offset accumulated losses totaling KWD 13,826,831. The reduction would be implemented by cancelling 138,268,310 shares at a nominal value of 100 fils per share, in accordance with the financial statements for the fiscal year ending December 31, 2024. The assembly will also discuss authorizing the Board of Directors to manage the fractional shares resulting from the capital reduction.

Additionally, shareholders will review and vote on amending Article (6) of the Memorandum of incorporation Article (5) of the Articles of Association, which would be updated to read:

"The authorized, issued, and paid-up capital is set at KWD 2,427,630, equivalent to 24,276,300 shares, and all shares are cash shares, subject to regulatory approval."

The General Assembly will also address the following agenda items:

- Review and approval of the Board of Directors’ report on the company’s operations and financial position for the fiscal year ending December 31, 2024.
- Review and approval of the external auditor’s report for the same year.
- Review and approval of the Sharia Supervisory Board's report confirming the company’s compliance with Islamic principles.
- Review of any financial and non-financial violations or penalties imposed by regulatory authorities, and discussion with their representative if present.
- Discussion and approval of the company’s financial statements for the mentioned fiscal year.
- Review of related party transactions during 2024 and authorization for anticipated transactions in 2025.
- Approval to authorize the Board to buy or sell up to 10% of the company’s shares in accordance with Law No. 1 of 2016 and its amendments.
- Review of the Board's recommendation not to distribute dividends for the fiscal year ending December 31, 2024.
- Approval not to grant remuneration to Board members for the same year.
- Discharge of Board members from financial, administrative, and legal liabilities for 2024.
- Election of a new Board of Directors for a 3-year term (2025–2028).
- Discussion and approval of licenses for Board members, executives, or their relatives in accordance with Article 199 of the Companies Law.
Finally, the meeting will review any financial irregularities uncovered by previous Boards or related parties and will authorize the Board to take necessary legal action, including filing criminal complaints if warranted.

The assembly will also appoint or reappoint the external auditor and Sharia Supervisory Board members for the fiscal year ending December 31, 2025, and authorize the Board to determine their fees.

The company also noted that if the legal quorum is not met, the adjourned General Assembly will be held on Thursday, September 11, 2025, at the same time and location.