Title :

Announcing the Resolutions of Board Meeting PHOENIX POWER

Content :

The board of directors discussed the topics listed on the agenda in its meeting no. 4 held on 29/07/2026 and passed the following resolutions.

Board of Directors’ resolutions’ disclosure

Phoenix Power Company SAOG (the “Company”) advises the Financial Services Authority, the Muscat Stock Exchange and the investors’ community that it has resolved the following at the meeting of the Board of Directors held on 29 July 2026:

1.     Approval of the unaudited financial statements for the period ended 30 June 2026 together with the Board of Directors’ Report.

2.     Acceptance of the resignation of Mr. Adrian Rothlisbergerfrom his position as Board of Directors of the Company with effect from 1^st August 2026 for personal reasons.

3.      Appointed Mr. Toshiyuki Mizunumaas a temporary member to fill the vacant seat on the Board of Directors from 1^st August 2026, until the date of the company’s next annual general meeting. Mr. Toshiyuki holds a bachelor’s degree in electrical engineering and has over 20 years of extensive professional experience in the power and energy industry.

4.     Approval of the assignment of Ernst & Young to perform the interim audit for the period ended 30 June 2026. This is in accordance with the request of the regulatory authorities. Upon completion of the interim audit and receipt of the required approvals from the relevant regulatory authorities, the Company will submit a proposal to the shareholders for consideration of a special cash dividend distribution.

5.     Appointed Ms. Noora Mohamed Al Salti as Investor Relations Officer.

 

 

_________________________

Ahmed Al Abri

Chief Financial Officer / Disclosure Officer

*Board meeting resolutions have to be disclosed one hour, at least, before the beginning of the next day trading session.