Meeting Status : Not held yet Disclosure Basic Information Meeting Content Meeting Agenda Company Symbol APIC Currency USD ISIN Number PS4010112960 Meeting Date 22/12/2020 Meeting Day Tuesday Meeting Time 12:00 GAM Type Extra Ordinary Meeting Location APIC Premises, Ramallah- Palestine Fiscal Year Meeting Invetation Party Board Member Agenda Agenda of the Extraordinary General Meeting of the Shareholders First: Whereas APIC intends to increase its stake/shareholding in its subsidiary, Unipal General Trading Company, Private Limited Company, through the purchase of shares owned by shareholder Mrs. Haifa Aburdene through a deal consisting of two components: a share swap and a cash consideration, whereby a component of the deal will be settled through a private placement/issuance in favor of Mrs. Haifa Aburdene in the amount of (1,200,000) one million and two hundred thousand shares of the authorized capital of APIC, with an issue price that shall equal the average trading price of APIC share in USD for the last 30 days preceding the date of the letter of approval of the Palestine Capital Market Authority on the issuance. Accordingly, a discussion shall ensue to approve and ratify the issuance of an amount of (1,200,000) one million two hundred thousand shares of APIC''s authorized share capital of (100,000,000) one hundred million US dollars in favor of Mrs. Haifa Aburdene through a share swap deal, so that the company’s registered and paid-in capital shall become (96,200,000) Ninety-six million two hundred thousand US dollars after such issuance. Second: Approve the raise of the authorized capital of the company from (100,000,000) one hundred million US dollars to (125,000,000) one hundred and twenty-five million US dollars with a par value of 1.00 US dollars per share. Third: Authorize the Chairman of the Board of Directors to undertake all necessary measures and appropriate mechanisms for the purposes of implementing the above-mentioned General Assembly decisions as he deems appropriate, and in this regard he may sign all necessary contracts, documents and requests/petitions, extend all commitments/undertakings and guarantees, and any other matters related to the matters above and take the necessary decisions, including delegating persons and/or attorneys and/or parties to ensure the implementation of the above-mentioned extraordinary general assembly decisions. Fourth: Authorize the Board of Directors to take all appropriate decisions, procedures and mechanisms in the future for the purposes of paying/covering the un-subscribed shares of the authorized share capital of (125,000,000) one hundred and twenty-five million US dollars as they deem appropriate.