ACWA POWER Co. — Proxy Solicitation & Information Statement 2021

Dec 15, 2021

International Company for Water and Power Projects announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

2082 · 15/12/2021 16:23:25 · Announcement #65971 · View on Saudi Exchange

International Company for Water and Power Projects announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

Element List	Explanation
Introduction	The Board of Directors of International Company for Water and Power Projects (ACWA Power) is pleased to invite the company’s shareholders to participate and vote in the company’s Extraordinary General Assembly Meeting(First Meeting) scheduled to be held, God willing, on Wednesday, Jumada Al-Akhirah 02, 1443 H, corresponding to January 05, 2021, at 6:30 pm. Following the precautionary measures by the competent and relevant health authorities in the Kingdom of Saudi Arabia to control Covid-19, the meeting will be virtual as an extension of the continuous efforts made by all government entities in the Kingdom of Saudi Arabia to prevent its spread.
City and Location of the General Assembly's Meeting	Virtual Meeting – Company Headquarters – Riyadh
URL for the Meeting Location	https://login.tadawulaty.com.sa/
Date of the General Assembly's Meeting	2022-01-05 Corresponding to 1443-06-02
Time of the General Assembly's Meeting	18:30
Attendance Eligibility	Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly's Meeting	The First Meeting of the Extraordinary General Assembly shall be valid if attended by shareholders representing at least 50% of the Company’s capital.

If quorum is not met at this meeting, then a second meeting will be held within one hour of the scheduled time of the first meeting. The second meeting shall be valid if attended by shareholders representing at least 25% of the Company's capital. General Assembly Meeting Agenda 1. Voting on the Board recommendation to dissolve the current Board started on 5th July 2019, effective from the date of Extraordinary General Assembly dated 05/01/2022 G.

2. Voting for election of the Board members from among the candidates for the next term, commencing from the date of Extraordinary General Assembly dated 05/01/2022 G, for a term of three years, ending on 04/01/2025 G subject to approval of agenda item no (1). (Candidates' CVs attached)

3. Voting to the dissolve of the current Audit Committee started on 5th July 2019, effective from 05 January 2022.

4. Voting on the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new term, starting from the date of the assembly on 05/01/2022 G. until the end of the term on 04/01/2025 G subject to approval of agenda item no (3). The following are the names of the candidates, (whose CVs are attached):

• Khalid Rabiah (Chairman)

• Mike Cheng

• Abdullah Al Rowais

• Li Ping

• Rasheed AlRasheed

5. Voting on the amendment of Article (1) of the Company’s bylaws relating to (Incorporation). (Attached)

6. Voting on the amendment of Article (2) of the Company’s bylaws relating to (Name of the Company). (Attached) Proxy Form E-Vote Shareholders can vote remotely at the 1st Extraordinary General Assembly Meeting agenda via the free E-voting services on Tadawul website (https://login.tadawulaty.com.sa/), starting from Monday 30/5/1443 pursuant to 03 January 2020 10:00 A.M , and the voting will end once the Extraordinary General Meeting concludes. Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes Method of Communication If there are any enquiries, please contact the Company’s Investors Relation at:

Tel: 0507165593

E-mail: ir@acwapower.com Attached Documents        

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.