Avanceon Limited — Proxy Solicitation & Information Statement 2026

May 14, 2026

AVANCEON Tomorrow's solutions, today.

Regional Operations Centre

The Avanceon Building

19 km Main Multan Road

Lahore 54660 Pakistan

14 May 2026

AVN/PSX/BP/14052026

The General Manager,
Pakistan Stock Exchange Limited.
Stock Exchange Building,
Stock Exchange Road,
Karachi.

Subject: Publication of Postal Ballot Paper and Intimation of Electronic Voting Facility.

Dear Sir,

We refer to our notice regarding the Annual General Meeting (the "AGM") of Avanceon Limited (the "Company") posted on dated 04 May 2026 and pursuant to Regulation 8 of the Companies (Postal Ballot) Regulations, 2018, please find enclosed herewith a copy of the ballot paper, which has been duly published in the newspapers, namely Business Recorder [English] and 92 News [Urdu], on Thursday, 14 May 2026, in compliance with the requirement to publish the same not later than seven (7) days prior to the date of the AGM.

Further, pursuant to Regulation 4 of the Companies (Postal Ballot) Regulations, 2018, the electronic voting facility will be made available from 18 May 2026 to eligible members of the Company in respect of the special business agenda item(s), in accordance with the applicable legal and regulatory requirements.

You may please inform the TRE Certificate Holders of the Exchange accordingly.

Yours Sincerely,

Faisal Nadeem Sheikh | Company Secretary

cc:
Director/HOD,
Surveillance, Supervision and Enforcement Department,
Securities and Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue, Blue Area,
Islamabad

www.avanceon.ae | Enquiries: support@avanceon.ae

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AVANCEON tomorrow's solutions, today.

AVANCEON LIMITED

Ballot paper for voting through post for the poll to be held at 02:00 P.M. on Saturday, 23 May 2026, at Nishat Hotel, Gate No. 7, Imperial Ballroom-B, adjacent to Emporium Mall, Abdul Haq Road, Johar Town, Lahore

AVANCEON LIMITED

Contact: +92-42-111-940-940; Website: https://www.avanceon.ae

Contact Details of Chairman, where ballot paper may be sent:

Business Address: The Chairman, Avanceon Limited, Regional Operations Centre, The Avanceon Building, 19-Km, Main Multan Road, Lahore.

Chairman Designated Email Address: agm@avanceon.ae

Name of shareholder/joint shareholders
Registered address of shareholder
Number of shares held
Folio number
CNIC No./Passport No (in case of foreigner)(copy to be attached)
Additional information and enclosures(in case of representative of body corporate, corporation and Federal Government)

INSTRUCTION FOR POLL

1. Please indicate your vote by ticking (☑) the relevant box.
2. In case both the boxes are marked as (☑), your ballot paper shall be treated as "Rejected".
3. I/we hereby exercise my/our vote in respect of the below resolutions through ballot by conveying my/our assent or dissent to the resolution(s) by placing tick (☑) mark in the appropriate box below.

S. No.	Nature and Description of Resolution	No. of ordinary shares for which votes cast	I/We assent to the Resolutions (FOR)	I/We dissent to the Resolutions (AGAINST)
1	To consider and approve, the Authorized Capital of the Company be increased from Rs. 5,000,000,000 (Rupees Five Billion only) divided into 500,000,000 (Five Hundred Million) of the nominal value of Rs.10/- (Rupees Ten each) ordinary shares to Rs. 7,500,000,000 (Rupees Seven Billion Five Hundred Million only) divided into 750,000,000 (Seven Hundred Fifty Million) of the nominal value of Rs.10/- (Rupees Ten each) ordinary shares.
and that
a) RESOLVED that the Clause V of the Memorandum of Association of the Company be and is hereby amended to read as follows:
The authorized capital of the company is Rs. 7,500,000,000/- (Rupees Seven Billion Five Hundred Million Only) divided into 750,000,000 (Seven Hundred Fifty Million) ordinary shares of Rs. 10/- (Rupees Ten each) with the power to increase and reduce the capital and to divide the shares in the capital for the time being into several classes in accordance with the provisions of the Companies Act, 2017.
b) RESOLVED that the Article 5 of the Articles of Association of the Company be and is hereby amended to read as follows:
The authorized share capital of the Company is Rs. 7,500,000,000/- (Rupees Seven Billion Five Hundred Million Only) divided into 750,000,000 (Seven Hundred Fifty Million) ordinary shares of Rs. 10/- (Rupees Ten each) with power to increase, consolidate, sub-divide, cancel, reduce or otherwise reorganize the share capital of the Company subject to the provisions of Section 85 and 89 of the Act.
2	RESOLVED that, the Board of Directors of the Company hereby approves the "Long-term interest-free receivable" from Avanceon Automation & Control W.L.L. Qatar (a 49% holding with 100% controlling rights subsidiary of the Company), amounting to PKR 1,615,196,365/- (QAR 20,956,388), be and is hereby converted into equity investment as capital contribution being classified as "Investment in Subsidiary", in accordance with the provisions of Section 199(1) of the Companies Act, 2017, and all other applicable laws and regulations of Pakistan.
FURTHER RESOLVED that, Chief Executive Officer and/or Chief Financial Officer and/or Company Secretary of the company jointly and/or severally, to execute any document(s) and to take all actions necessary to give effect to the proposed resolutions.

Signature of shareholder(s) ____
Place: ____
Date: _______

NOTES:

1. Duly filled and signed original postal ballot should be sent to the Chairman, at Regional Operations Centre, The Avanceon Building, 19-Km, Main Multan Road, Lahore, or by e-mail at agm@avanceon.ae
2. Copy of CNIC/Passport (in case of foreigner) should be enclosed with the postal ballot form.
3. Postal ballot forms should reach chairman of the meeting on or before Friday 22 May 2026 during working hours (i.e. by 5:00 p.m.). Any postal ballot received after this date and time, will not be considered for voting.
4. Signature on postal ballot should match the signature on CNIC/Passport (in case of foreigner).
5. Incomplete, unsigned, incorrect, defaced, torn, mutilated, over written ballot papers will be rejected.
6. In case of representative of body corporate and corporation, postal ballot must be accompanied with copy of CNIC of authorized person, along with a duly attested copy of Board Resolution, Power of Attorney, or Authorization Letter in accordance with Section(s) 138 or 139 of the Companies Act, 2017, as applicable, unless these have already been submitted along with the Proxy Form. In case of foreign body corporate etc. all documents must be attested from the Counsel General of Pakistan having jurisdiction over the member.
7. M/s. Ali Akhtar Adnan Chartered Accountants is appointed as Scrutinizer under Regulation 11(1) of Companies (Postal Ballot) Regulations, 2018 and has necessary knowledge and experience to independently scrutinize the voting process.
8. Ballot paper has also been placed on the website of the Company https://www.avanceon.ae Members may download the ballot paper from the website or use original/photocopy published in newspapers.

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ایڈنسیون لمٹیز
AVANCEON LIMITED
اسٹینسبرگ، سٹیلنٹس، اسٹینسبرگ

ایڈنسیون لمٹیز

A-42-111-940-940

امپانی سٹیلنٹس
میں سے راہ چلکی قصبہ ات، جیاں طٹ، چم، چم، جیاں طٹ

**اے!، ہاں، کی ہو، فتنز میں، ایڈنسیون لمٹیز، ریکس آج، فتنز، جیاں طٹ، 19-کلو میٹر، میں، میں، 1+1+2+3+4+5+6+7+8+9+10+11+12+13+14+15+16+17+18+19+20+21+22+23+24+25+26+27+28+29+30+31+32+33+34+35+36+37+38+39+40+41+42+43+44+45+46+47+48+49+50+51+52+53+54+55+56+57+58+59+60+61+62+63+64+65+66+67+68+69+70+71+72+73+74+75+76+77+78+79+80+81+82+83+84+85+86+87+88+89+90+91+92+93+94+95+96+97+98+99+100+101+102+103+104+105+106+107+108+109+110+111+112+113+114+115+116+117+118+119+120+121+122+123+124+125+126+127+128+129+130+131+132+133+134+135+136+137+138+139+140+141+142+143+144+145+146+147+148+149+150+151+152+153+154+155+156+157+158+159+160

میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں، میں

**اے!، ہاں، کی ہو، فتنز میں، ایڈنسیون لمٹیز، جیاں طٹ، چم، چم، جیاں طٹ، 19-کلو میٹر، میں، میں، 1+1+2+3+4+5+6+7+8+9+10+11+12+13+14+15+16+17+18+19+20+21+22+23+24+25+26+27+28+29+30+31+32+33+34+35+36+37+38+39+40+41+42+43+44+45+46+47+48+49+50+51+52+53+54+55+56+57+58+59+60+61+62+63+64+65+66+67+68+69+70+71+72+73+74+75+76+77+78+79+80+81+82+83+84+85+86+87+88+89+90+91+92+93+94+95+96+97+98+99+100+101+102+103+104+105+106+107+108+109+110+111+112+113+114+115+116+117+118+119+120+121+122+123+124+125+126+127+128+129+130+131+132+133+134+135+136+137+138+139+140+141+142+143+144+145+146+147+148+149+150+151+152+153+154+155+156+157+158+159+160+161+162+163+164+165+166+167+168+169+170+171+172+173+174+175+176+177+178+179+180+181+182+183+184+185+186+187+188+189+190+191+192+193+194+195+196+197+198+199+200+201+202+203+204+205+206+207+208+209+210+211+212+213+214+215+216+217+218+219+220+221+222+223+224+225+226+227+228+229+230+231+232+233+234+235+236+237+238+239+240+241+242+243+244+245+246+247+248+249+250+251+252+253+254+255+256+257+258+259+260+261+262+263+264+265+266+267+268+269+270+271+272+273+274+275+276+277+278+279+280+281+282+283+284+285+286+287+288+289+290+291+292+293+294+295+296+297+298+299+300+301+302+303+304+305+306+307+308+309+310+311+312+313+314+315+316+317+318+319+320+321+322+323+324+325+326+327+328+329+330+331+332+333+334+335+336+337+338+339+340+341+342+343+344+345+346+347+348+349+350+351+352+353+354+355+356+357+358+359+360+361+362+363+364+365+366+367+368+369+370+371+372+373+374+375+376+377+378+379+380+381+382+383+384+385+386+387+388+389+390+391+392+393+394+395+396+397+398+399+400+401+402+403+404+405+406+407+408+409+410+411+412+413+414+415+416+417+418+419+420+421+422+423+424+425+426+427+428+429+430+431+432+433+434+435+436+437+438+439+440+441+442+443+444+445+446+447+448+449+450+451+452+453+454+455+456+457+458+459+460+461+462+463+464+465+466+467+468+469+470+471+472+473+474+475+476+477+478+479+480+481+482+483+484+485+486+487+488+489+490+491+492+493+494+495+496+497+498+499+500+501+502+503+504+505+506+507+508+509+510+511+512+513+514+515+516+517+518+519+520+521+522+523+524+525+526+527+528+529+530+531+532+533+534+535+536+537+538+539+540+541+542+543+544+545+546+547+548+549+550+551+552+553+554+555+556+557+558+559+560+561+562+563+564+565+566+567+568+569+570+571+572+573+574+575+576+577+578+579+580+581+582+583+584+585+586+587+588+589+590+591+592+593+594+595+596+597+598+599+600+601+602+603+604+605+606+607+608+609+610+611+612+613+614+615+616+617+618+619+620+621+622+623+624+625+626+627+628+629+630+631+632+633+634+635+636+637+638+639+640+641+642+643+644+645+646+647+648+649+650+651+652+653+654+655+656+657+658+659+660+661+662+663+664+665+666+667+668+669+670+671+672+673+674+675+676+677+678+679+680+681+682+683+684+685+686+687+688+689+690+691+692+693+694+695+696+697+698+699+691+692+693+694+695+696+697+698+699+691+692+693+694+695+696+697+698+699+691+692+693+694+695+