Pakistan Paper Products : RESOLUTION PASSED AND ADOPTED BY THE SHAREHOLDERS IN EXTRAORDINARY GENERAL MEETING

Ref: PPPL/PSX/EOGM/Resolution/2023

May 11, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi.

SUB: CERTIFIED TRUE COPY OF RESOLUTIONS PASSED IN THE EXTRAORDINARY GENERAL MEETING OF THE COMPANY HELD ON 11TH MAY 2023

Dear Sir,

In Compliance with the Regulation no. 5.6.9.(b) of the Rule book of the Pakistan Stock Exchange, please find enclosed herewith a certified copy of the resolution (Annexure-A") passed and adopted by the shareholders in Extraordinary General Meeting of Pakistan Paper Products Ltd held on Thursday 11th May 2023 at their register office of the company and also via video link on request.

The above is submitted for information to the exchange.

Thanking you,

On behalf of Pakistan Paper Products Ltd.

__________________

SAFIA KHURSHID

COMPANY SECRETARY

1. The Direcor / HO
   Surveillance, Supervision & Enforcement department Secruties and Exchange Commission of Pakistan NIC Building 63 Jinnah Avenue, Blue Area, Islamabad.

RESOLUTION PASSED AND ADOPTED BY THE SHAREHOLDERS IN

EXTRAORDINARY GENERAL MEETING HELD ON THURSDAY 11TH MAY 2023

Ordinary Business:

1. To Confirm the Minutes of 60th Annual General Meeting was held on 25th October 2022.
2. To elect seven (7) directors of the company as fixed by the Board of Directors in accordance with Section 159 (1) of Companies Act, 2017 for a term of three (3) years, whereas consent to become directors were received from the following persons;
3. 1. Mr. Abbas Sayeed
   2. Mr. Abid Sayeed
   3. Mrs. Muleika Sayeed
   4. Dr. Asadullah Sayeed
   5. Mr. Sayeed Imran
   6. Ms. Aisha Fariel Salahuddin
   7. Mr. Mati Uddin Siddiqui (NIT-Nominee)

Special Business:

3. To approve transmission of Annual Audited Accounts of the company to the members via QR Code and web link as allowed by Security and Exchange Commission of Pakistan vide its Notification S.R.O. 389 (i) / 2023 dated March 21, 2023 instead of old technology becoming obsolete for transmission through CD/DVD/USB.

Other Business

4. To transact any other business with the permission of the Chair.

*************************

RESOLUTION:

1. Resolved That the minutes of the 60th Annual General Meeting of the Company be and are hereby approved.

1. Resolved That Mr. Abbas Sayeed, Mr. Abid Sayeed, Mrs. Muleika Sayeed, Dr. Aasadullah Sayeed, Mr. Sayeed Imran, Ms. Aisha Fariel Salahuddin and Mr. Mati Uddin Siddiqui be and are hereby elected for next term of three years with effect from 11-05-2023.
2. Resolved That the transmission of annual audited financial statements and related documents (included the Annual report) be circulated to the Members through a QR enabled code and weblink included in the Notice of a General Meeting as per the requirements under S.R.O. 389(I)/2023 dated March 21, 2023, issued by the Securities and Exchange Commission of Pakistan.

TRUE CERTIFIED COPY

____________

Safia Khurshid

Company Secretary