Holding extraordinary and ordinary general meetings of Omid Development and Construction Company (Thamid)

The extraordinary general meeting of the company’s shareholders was held on Sunday, April 20, 1405, at 8:00 AM in the company’s meeting hall with the attendance of 85.2 percent of the shareholders. In this meeting, Article 13 of the Articles of Association was approved as follows:

In the event of approval of the capital increase, the shareholders of the company have the right of pre-emption in purchasing new shares in proportion to the shares they own. This right is transferable. The deadline for exercising the right of pre-emption is determined based on the proposal of the board of directors. This deadline begins on the day determined for subscription and will not be less than 30 days.

Also, at 9:00 AM, the annual ordinary general meeting of shareholders for the fiscal year ending December 30, 1404 was held with the presence of the majority of natural and legal shareholders or their legal representatives.

In this meeting, after the presentation of the company’s one-year performance report by the CEO and the report of the statutory auditor and independent auditor, the following decisions were approved by a majority vote:

1. Hearing the Board of Directors’ activity report for the performance of the fiscal year ending 09/30/1404.
2. Hearing the report of the statutory auditor and independent auditor for the fiscal year ending 09/30/1404.
3. Deciding on the approval of the financial statements for the fiscal year ending 09/30/1404.
4. Making a decision on the distribution of dividends.
5. Determining the remuneration of the Board of Directors.
6. Determining the right to attend by non-executive members of the Board of Directors and specialized committees.
7. Electing the company’s auditor and statutory auditor for the fiscal year ending 09/30/1405 and determining their fees.
8. Selecting a widely circulated newspaper to publish the company’s legal notices.
9. Other matters within the competence of the Annual General Meeting.