The extraordinary (postponed) General Assembly of OTC 498 Asia Holding Company, held on Wednesday, September 17, 2025, approved the reduction of the company's authorization, issued, and paid-up capital from KD 15,744,248 to KD 2,143,759.

This reduction will be achieved by canceling 13,600,489 shares at a nominal value of 100 Fils per share, in order to offset accumulated losses amounting to KD 13,856,241, based on the audited financial statements for the fiscal year ending December 31, 2024, through the following steps:

- Offsetting part of the accumulated losses using the optional reserve amounting to KD 127,122.
- Offsetting part of the accumulated losses using the statutory reserve amounting to KD 128,630.
- Offsetting the remaining losses of KD 13,600,489 through the company’s capital.

The General Assembly also authorized the Board of Directors to handle fractional shares, if any.

Additionally, the Assembly approved an amendment to Article 6 of the Memorandum of Incorporation and Article 5 of the Articles of Association, to now read as follows:

"The company’s authorized, issued, and paid-up capital is set at KD 2,143,759 (Two million, one hundred forty-three thousand, seven hundred fifty-nine Kuwaiti Dinars), distributed over 21,437,590 shares (Twenty-one million, four hundred thirty-seven thousand, five hundred ninety shares), with a nominal value of 100 Fils per share. All shares are cash-based."