A.J. Green Shell Plc — Management Reports 2024

Nov 14, 2024

A.J. GREEN SHELL PLC (ex. PlanetClean Recycling Industries Plc / ex. Rofolio Holdings Public Company Ltd) 15 Agion Omologiton, Nicosia 1080 Cyprus Tel. 22452600, Fax. 22452611

14/11/2024

Cyprus Stock Exchange 71-73 Lordou Vironos Avenue, 1096 Nicosia

Dear Sirs

ANNOUNCEMENT

Subject: Implementation of the Business Plan of the company A.J. Green Shell Plc (previously PlanetClean Recycling Industries Plc)

The Board of Directors of the company A.J. Green Shell Plc (the "Company'') would like to inform the Cyprus Stock Exchange and the investors the following:

A.J. Green Shell Plc, is a Cyprus-based company specializing in plastic recycling and green technologies. The business plan and the projected investments of the Company as described in the admission document of the Company published on October 2017 are implemented.

The company has announced that its current financial performance aligns closely with projections outlined in its Admission document. The construction of the new factory for recycling plastics as mentioned in the previous implementation of the business plan has been completed and the factory is fully operational. The Company merged with a plastic recycling company based in United Arab Emirates through a reverse takeover transaction. Recycling plastic is an environmentally friendly business and appreciated across the world specially in Europe.

Despite challenges such as regional conflicts and raw material shortages, the demand for the company's finished products remains stable. The management team is actively seeking strategic partnerships and acquisitions to enhance scale and value.

Furthermore, the business objectives of the Company which are the purchase and reselling of older stock properties remains the same.

The Board of the Directors, after taking into consideration the current progress of the Company and having carefully reviewed the prospects and data at present, will try to proceed with the implementation of the business plan of the Company based on the conditions of the global situation.

Regards,

Secretary For and on behalf of the Board of Directors