• The announcement made by Jahez International Company for Information Systems Technology (referred to hereinafter as “Jahez Company”) on 06/05/1444H (corresponding to 30/11/2022G) relating to the signing of a share purchase agreement (referred to hereinafter as the “SPA”) with each of Mr. Abdulrahman Abdullah Alshabanat, Mr. Abdulrahman Ahmed Almarshed, Mr. Abdullah Mohammed Aldosari, Saqr Fund L.P, Impact46 Seed Fund/Impact Seed Fund Co., and Muthmir Investment Company (referred to collectively as the “Shareholders of The Chefz” and together with Jahez Company as the “Parties” and each as the “Party”) for the purpose of acquiring one hundred thirty four thousand and six hundred twenty (134,620) shares in The Chefz SPV Ltd (referred to hereinafter as the “The Chefz”), representing 100% of the share capital of The Chefz;

• The announcement made by Jahez Company on 12/10/1444H (corresponding to 02/05/2023G) relating to the agreement by and between Jahez Company and the Shareholders of The Chefz to extend the period under the SPA to fulfil the conditions, following the expiration of the original period under the SPA, and until 13/01/1445H (corresponding to 31/07/2023G); and

• The announcement made by Jahez Company on 14/01/1445H (corresponding to 01/08/2023G) relating to the agreement by and between Jahez Company and the Shareholders of The Chefz to extend the period under the SPA to fulfil the conditions, following the expiration of the original period under the SPA, and until 16/04/1445H (corresponding to 31/10/2023G),

Whereas the transaction is subject to several conditions, including, without limitation, obtaining the General Authority for Competition’s approval or non-objection, Jahez is pleased to announce receipt of the conditional approval of the General Authority for Competition on 29/02/1445H (corresponding to 14/09/2023G) – which is subject to ongoing fulfilment of certain commitments made to the General Authority for Competition by Jahez – for the purpose of the economic concertation resulting from the acquisition of The Chefz pursuant to the SPA.

Jahez notes that completion of the acquisition of The Chefz pursuant to the SPA remains subject to fulfilment of several other conditions, including without limitation, obtaining the necessary regulatory approvals, approval of the shareholders at the extraordinary general assembly of Jahez, and other conditions outlined in the SPA.