Annual Report 2025

ARPAK INTERNATIONAL INVESTMENTS LIMITED

Page CONTENTS

1. Company Profile

   Governance

2. Company Information

3. Management Committees

1. Vision and Mission Statement

2. Code of Conduct

Stakeholders' Information

10 Ten Years Performance at a Glance

11 Notice of Annual General Meeting

13 Chairperson's Review Report (In English / Urdu)

15 Directors' Report to the Shareholders (In English / Urdu)

27 Shareholders' Information

28 Pattern of Shareholding

Financial Statements

30 Statements of Compliance with the Code of Corporate Governance

1. Independent Auditor's Review Report on Statement of Compliance Contained in the Listed Companies (Code of Corporate Governance) Regulations

2. Auditors' Report to the Members

1. Statement of Financial Position

2. Statement of Profit or Loss

3. Statement of Other Comprehensive Income

4. Statement of Changes in Equity

5. Statement of Cash Flows

6. Notes to the Financial Statements

   Proxy Form

   ٍ"

   ARPAK INTERNATIONAL INVESTMENTS LIMITED COMPANY PROFILE

   Arpak International Investments Limited (the Company) was incorporated in Pakistan on 26 July, 1977 as a Public Company and its shares are quoted on Pakistan Stock Exchange. The registered office of the Company is situated at King's Arcade, 20-A, Markaz F-7, Islamabad. The Company is principally engaged in investment business of various forms including following:

   1. To deal in commodities agricultural as well as industrial (i.e. sugar, rice, molasses, industrial alcohol, vegetable oils, cotton, polypropylene products and similar other products);

   2. To purchase, take on lease or otherwise acquire for the purpose of development and sale any estate, land, building, easement or other interest in real estate;

   3. To sell or dispose-off the undertakings of the Company or any part thereof for such consideration as the Company may think fit and in particular shares, TFC or any other security of any other Company;

   4. To acquire and dispose of or to otherwise take over, undertake and carry on, wholly or in part for shares or cash or otherwise howsoever and as going concern or otherwise;

   5. To take part in the management, to manage and act as consultant and advisors to the business of other companies on fee, commission or such other bases or to enter into partnership of joint venture agreement on profit and loss sharing basis subject to any permission required under law; and

   6. To invest funds of the Companies in shares, stocks, fixed income securities, bonds, modaraba certificates, TFCs, certificates of investments, commercial papers, debentures, debenture stock and securities issued or guaranteed by any Government, or public body or authority, supreme, municipal, local or otherwise in Pakistan or abroad subject to any approval under the law.

ARPAK INTERNATIONAL INVESTMENTS LIMITED COMPANY INFORMATION

Board of Directors

Ms. Zarmine Sarfaraz Chairperson Mr. Abbas Sarfaraz Khan Chief Executive Ms. Najda Sarfaraz Director

Mr. Iskander M. Khan Director

Mr. Baber Ali Khan Director

Mr. Sher Ali Jaffar Khan Independent Director Mr. Faiysal Ali khan Independent Director

Company Secretary

Mr. Mujahid Bashir

Chief Financial Officer

Mr. Rizwan Ullah Khan

Head of Internal Audit

Mr. Zaheer Mir

Auditors

M/s. ShineWing Hameed Chaudhri & Co.

Chartered Accountants

Legal Advisor

Mr. Zahoor Alam

Advocate

Shares Registrar

M/s. Hameed Majeed Associates (Pvt.) Limited

H.M. House, 7-Bank Square, Lahore. Phone No.: 042-37235081

Fax No.: 042-37235083

Bankers

MCB Bank Limited Bank Al-Habib Limited

ARPAK INTERNATIONAL INVESTMENTS LIMITED MANAGEMENT COMMITTEES

Executive Committee

Mr. Baber Ali Khan Member (Non-Executive Director)

Ms. Najda Sarfaraz Member (Non-Executive Director)

Mr. Iskander M. Khan Member (Executive Director)

Executive Committee is involved in day-to-day operations of the Company and is authorized to conduct every business except the businesses to be carried out by Board of Directors as required by section 196 of the Companies Ordinance, 1984. Executive Committee meets periodically to review operating performance of the Company against pre-defined objectives, commercial business decisions, investments and funding requirements.

Audit Committee

Mr. Sher Ali Jaffer Khan Chairman (Independent Director)

Mr. Baber Ali Khan Member (Non-Executive Director)

Mr. Faiysal Alikhan Member (Non-Executive Director)

Mr. Mujahid Bashir Secretary

The terms of reference of the Audit Committee have been derived from the Code of Corporate Governance applicable to listed companies. Thereby Audit Committee shall, among other things, be responsible for recommending to the Board of Directors the appointment of external auditors by the Company's shareholders and shall consider any questions of resignation or removal of external auditors, audit fees and provision by external auditors of any service to the Company in addition to audit of its financial statements. In the absence of strong grounds to proceed otherwise, the Board of Directors shall act in accordance with the recommendations of the Audit Committee in all these matters.

The Terms of Reference of the Audit Committee also includes the following:

1. determination of appropriate measures to safeguard the Company's assets;

2. review of annual and interim financial statements of the Company, prior to their approval by the Board of Directors, focusing on:

   • major judgmental areas;

   • significant adjustments resulting from the audit;

   • going-concern assumption;

   • any changes in accounting policies and practices;

   • compliance with applicable accounting standards;

   • compliance with these regulations and other statutory and regulatory requirements; and

   • all related party transactions.

3. review of preliminary announcements of results prior to external communication and publication;

4. facilitating the external audit and discussion with external auditors of major observations arising from interim and final audits and any matter that the auditors may wish to highlight (in the absence of management, where necessary);

5. review of management letter issued by external auditors and management's response

   thereto;

6. ensuring coordination between the internal and external auditors of the Company;

7. review of the scope and extent of internal audit, audit plan, reporting framework and procedures and ensuring that the internal audit function has adequate resources and is appropriately placed within the Company;

8. consideration of major findings of internal investigations of activities characterized by fraud, corruption and abuse of power and management's response thereto;

9. ascertaining that the internal control system including financial and operational controls, accounting systems for timely and appropriate recording of purchases and sales, receipts and payments, assets and liabilities and the reporting structure are adequate and effective;

10. review of the Company's statement on internal control systems prior to endorsement by the board of directors and internal audit reports;

11. instituting special projects, value for money studies or other investigations on any matter specified by the board of directors, in consultation with the chief executive officer and to consider remittance of any matter to the external auditors or to any other external body;

12. determination of compliance with relevant statutory requirements;

13. monitoring compliance with these regulations and identification of significant violations thereof;

14. review of arrangement for staff and management to report to audit committee in confidence, concerns, if any about actual or potential improprieties in financial and other matters and recommend instituting remedial and mitigating measures;

15. recommend to the board of directors the appointment of external auditors, their removal, audit fees, the provision of any service permissible to be rendered to the company by the external auditors in addition to audit of its financial statements. The board of directors shall give due consideration to the recommendations of the audit committee and where it acts otherwise it shall record the reasons thereof.

16. Consideration of any other issue or matter as may be assigned by the Board of Directors.

Human Resource and Remuneration Committee

Mr. Sher Ali Jaffer Khan Chairman (Independent Director)

Mr. Baber Ali Khan Member (Non-Executive Director)

Mr. Abbas Sarfaraz Khan Member (Executive Director)

Mr. Mujahid Bashir Secretary The Committee is responsible for:

1. recommend to the board for consideration and approval a policy framework for determining remuneration of directors (both executive and non-executive directors and members of senior management). The definition of senior management will be determined by the board which shall normally include the first layer of management below the chief executive officer level;

2. undertaking annually a formal process of evaluation of performance of the board as a whole and its committees either directly or by engaging external independent consultant and if so appointed, a statement to that effect shall be made in the directors' report disclosing name, qualification and major terms of appointment;

3. recommending human resource management policies to the board;

4. recommending to the board the selection, evaluation, development, compensation (including retirement benefits) of chief operating officer, chief financial officer, company secretary and head of internal audit;

5. consideration and approval on recommendations of chief executive officer on such matters for key management positions who report directly to chief executive officer or chief operating officer; and

6. where human resource and remuneration consultants are appointed, their credentials shall be known by the committee and a statement shall be made by them as to whether they have any other connection with the company.

ARPAK INTERNATIONAL INVESTMENTS LIMITED

VISION STATEMENT

To obtain the highest rate of return by making diversified and secured investments. Efficient organization with professional competence of top order.

To ensure attractive returns to business associates and optimizing the shareholders' value as per their expectations.

MISSION STATEMENT

We have developed a unique set of strength and competencies. We wish to build safe, healthy and environment friendly atmosphere and will strive continuously to achieve higher level of excellence.

To be a dynamic, profitable and growth-oriented company through investments in new national and international markets and undertakings.

To give attractive returns to business associates and shareholders as per their expectations. Be a responsible employer and reward employees according to their ability and performance.

To be a good corporate citizen to fulfill its social responsibilities.

The quality policy also encompasses are long term strategic Goals and Core Values, which are integral part of our business

ARPAK INTERNATIONAL INVESTMENTS LIMITED CODE OF CONDUCT

Arpak International Investments Limited has built a reputation for conducting its business with integrity in accordance with high standards of ethical behavior and in compliance with the laws and regulations that govern our business. This reputation is among our most valuable assets and ultimately depends upon the individual actions of each of our employees all over the country.

Arpak International Investments Limited Code of Conduct has been prepared to assist each of us in our efforts to not only maintain but enhance this reputation. It provides guidance for business conduct in a number of areas and references to more detailed corporate policies for further direction. The adherence of all employees to high standards of integrity and ethical behavior is mandatory and benefits all stakeholders including our customers, our communities, our shareholders and ourselves.

The Company carefully checks for compliance with the Code by providing suitable information, prevention and control tools and ensuring transparency in all transactions and behaviors by taking corrective measures if and as required.

Arpak International Investments Limited Code of Conduct applies to all affiliates, employees and others who act for us countrywide, within all sectors, regions, areas and functions.

The Code of Conduct of the Company includes the policies in respect of followings:

• Standard of Conduct;

• Obeying the Law;

• Human Capital;

• Consumers;

• Shareholders;

• Business Partners;

• Community Involvement;

• Public Activities;

• The Environment;

• Innovation;

• Competition;

• Business Integrity;

• Conflicts of Interests; and

• Compliance, Monitoring and Reporting.

General Principles

Compliance with the law, regulations, statutory provisions, ethical integrity and fairness is a constant commitment and duty of all Arpak employees and characterizes the Conduct of the organization.

The Company's business and activities have to be carried out in a transparent, honest and fair way, in good faith and in full compliance. Any form of discrimination, corruption, forced or child labor is rejected. Particular attention is paid to the acknowledgment and safeguarding of the dignity, freedom and equality of human beings.

All employees, without any distinction or exception whatsoever, respect the principles and contents of the Code in their actions and behaviors while performing their functions according to their responsibilities, because compliance with the Code is fundamental for the quality of their working and professional performance. Relationships among employees, at all levels, must be characterized by honesty, fairness, cooperation, loyalty and mutual respect.

The belief that one is acting in favor or to the advantage of the Company can never, in any way, justify-not even in part - any behavior that conflict with the principles and content of the Code.

The Arpak Code of Conduct aims at guiding the "Arpak team" with respect to standards of conduct expected in areas where improper activities could result in adverse consequences to the Company, harm its reputation or diminish its competitive advantage.

Every employee is expected to adhere to, and firmly inculcate in his/her everyday conduct; this mandatory framework; any contravention or deviation will be regarded as misconduct and may attract disciplinary action in accordance with the Company service rules and relevant laws.

Statement of Ethical Practices

It is the basic principle of Arpak International Investments Limited to obey the law of the land and comply with its legal system. Accordingly, every director and employee of the Company shall obey the law. Any director and employee guilty of violation will be liable to disciplinary consequences because of the violation of his / her duties.

Employees must avoid conflicts of interest between their private financial activities and conduct of Company business.

All business transactions on behalf of Arpak International Investments Limited must be reflected accordingly in the accounts of the Company. The image and reputation of Arpak International Investments Limited is determined by the way each and every of us acts and conducts him / her at all times.

We are an equal opportunity employer. Our employees are entitled to a safe and healthy workplace.

Every manager and supervisor shall be responsible to see that there is no violation of laws within his / her area of responsibility which proper supervision could have prevented. The manager and supervisor shall still be responsible if he / she delegates particular tasks.

ARPAK INTERNATIONAL INVESTMENTS LIMITED TEN YEARS PERFORMANCE AT A GLANCE

(Loss)/ profit after tax (%) (1,063.28) (1,141.36) (483.55) (545.30) (949.39) 1,096.79 (509.67) (303.86) (157.22) 112.13

Return to Shareholders (ROE)

ARPAK INTERNATIONAL INVESTMENTS LIMITED NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN THAT 48thAnnual General Meeting of the shareholders of Arpak International Investments Limited will be held on Monday, October 27, 2025 at 11:00 AM at the Registered Office of the Company at King's Arcade, 20-A, Markaz F-7, Islamabad, for transacting the following business:

ORDINARY BUSINESS:

1. To confirm the minutes of the Annual General Meeting held on October 25, 2024.

2. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended June 30, 2025 together with the Directors' and Auditors' reports, thereon.

3. To appoint the External Auditors of the Company and to fix their remuneration for the financial year ending June 30, 2026.

4. To transact any other business of the Company as may be permitted by the Chair.

The Share transfer books of the Company will remain closed from October 20, 2025 to October 27, 2025 (both days inclusive).

By Order of the Board

Islamabad; (MUJAHID BASHIR)

October 03, 2025 Company Secretary

Notes:

1. A member, eligible to attend and vote at this meeting, may appoint another member as his/her proxy to attend, speak and vote instead of himself/herself. Proxies in order to be effective must be valid and received by the Company not less than 48 hours before the time for holding of the Meeting and must be duly stamped, signed and witnessed. A member shall not be entitled to appoint more than one proxy.

2. Members are requested to notify the Shares Registrar of the Company of any change in their addresses immediately.

3. CDC shareholders are requested to bring their original Computerized National Identity Card (CNIC) or Original Passport, account, sub account number and participant's number in the Central Depository System for identification purpose for attending the Meeting. In case of a corporate entity, the Board of Directors' resolution/power of attorney with specimen signature of the nominee shall be produced (unless it has been provided earlier) at the time of the Meeting.

4. Members who desire to receive annual financial statement and notice of meeting for the financial year ended on June 30, 2025 or onward through email, instead of registered post/ courier, may submit their consent on the form available for the purpose on Company's website.

   
   
   

5. The Financial Statements of the Company for the year ended June 30, 2025 along with reports have been placed at website of the Company https://premiergrouppk.com/arpak/pdf-files / arpak / annual / 2025 arpak.pdf (QR Code)

6. Video-Link Facility

   The SECP vide circular no 4 of 2021 has advised to provide participation of the members through electronic means. Members interested to participate in the AGM are requested to email their Name, Folio Numbers, Number of Shares held in their name. Cell Number, CNIC Number (along with valid copy of both sides of CNIC) with subject "Registration for Participation in AGM" at mujahid@premiergrouppk.com.

   Video link and login credentials shall be shared with only those members whose emails, containing all the required particulars, are receive by the close of business hours (till 11:00 am) on Friday October 24, 2025.

7. Conversion of Physical Shares into Book Entry Form

   The SECP through its letter No. CSD/ED/Misc/2016-639-640 dated March 26,2021 has advised the listed companies to adhere to the provision of Section-72 of the Companies Act, 2017 (the "Act") requiring all the existing companies to replace shares issued by them in physical form with shares into Book-Entry form in a manner as may be specified and from the date notified by the SECP but not exceeding four (04) years from the date of promulgation of the Act.

8. Code of conducts for shareholders in Annual General Meeting

   Section 215 of the Companies Act, 2017 and the Regulation 55 of the Companies

   Regulations, 2024 "Conduct of Shareholders at Meetings" state as follows:

   1. shall not bring such material that may cause threat to participants or premises where meeting is

      being held;

   2. shall confine themselves to the agenda items covered in the notice meeting;

   3. shall keep comments and discussion restricted to the affairs of the company; and

   4. shall not conduct in a manner to disclose any political affiliation or offend religious susceptibility of other members

Additionally in compliance with section 185 of the Act, the Company is not permitted to distribute gifts in any form to its members in its meeting.

ARPAK INTERNATIONAL INVESTMENTS LIMITED

CHAIRPERSON'S REVIEW REPORT

It is my privilege to welcome you to the 48th Annual Report of your Company. On behalf of the Board of Directors, I am pleased to present the Review Report along with the Audited Financial Statements for the year ended June 30, 2025, in accordance with the requirements of Section 192 of the Companies Act, 2017.

During the year, the Board focused on strategic decision-making to safeguard the Company's financial position while exploring avenues for sustainable growth. Operational results were closely monitored, and targeted measures were undertaken to optimize income from existing assets and investments.

A key development during the year related to our investment in Premier Grain Ethanol Limited, an independent company. The project, being export-oriented, faced delays due to socio-economic changes in the USA and Europe. Following a reassessment of the business environment, including global trade uncertainties, regulatory concerns, local economic volatility, and fluctuations in corn prices, the Board of PGEL and our management, by mutual consent, decided not to proceed with the remaining investment commitment, while retaining the portion already invested.

As Chairperson, I would like to highlight that the Board is committed to diversifying revenue streams, strengthening core income sources, and pursuing low-risk, high-potential opportunities that support sustainable growth. Management continues to evaluate emerging prospects and adjust strategies to respond effectively to market and economic changes.

On behalf of the Board of Directors, I would like to acknowledge the dedicated and sincere efforts of the Company's employees. I also extend my gratitude to our valued shareholders for their ongoing support and trust in the Company.

(ZARMINE SARFARAZ)

CHAIRPERSON

Islamabad, October 03, 2025

یکزیر کیرئاڈ فآ ڈروب ۔ہے تاب یکزازعا ئے ل ےیں م انرک مدقمیں خ اک پآ یں م ٹروپر ہنالاس ںیو 48 یک نی پمک یک پآ نی وہ متخ وک 2025 نوج 30 ،قباطم ےک ںوضاقت ےک 192 نشکیس ےک 2017 ،ٹکیا یی ں نپمک ےھجم ،ےس بناج ۔ہے یہر وہ شی وخ نے وہ نی رک شیپ ٹروپر ہزئاج ھتاس ےک تانایب تی ایلام ہدش ٹڈآ ئں ل ےک لاس ےلاو

کجٹییر سا ئں ل ےک ظفحت ےک نشیزوپ یلام یک نی پمک نے وہ نی رک شالت یں ہار یک قی رت رادیئاپ نی ڈروب ،نارود ےک لاس یراک ہیامرس روا ںوثاثا ہدوجوم روا ، نے گ یک تی ارگن ےس بیرق یک جئاتن لنشیرپآ ۔یکزوکرم ہجوت رپ یزاس ہلصیف ۔ئے گ ئں ک تامادقا ئے گ نے انب فدہ ئے ل ےک نی انب یی ہب وک تی دمآ ےس

قلعتم ےس یراک ہیامرس یرامہ یں م ڈٹیمل لونھتیا نیرگ یے یمیرپ نی پمک دازآ کیا تفر شیپ مہا کیا نارود ےک لاس ہجو یک ںویلیدبت یداصتقا و جے امس یں م پروی روا ہکیرما وک نے وصنم سا ےس ہجو یک نی وہ نی بم رپ دمآرب ۔ہے ،ؤاھڑچ راتا یداصتقا یماقم ،تاشدخ ییر یلوگیر ،لاحتروص نی یقی یں غ تی راجت یملاع ۔اڑپ انرک انماس اک یں خات ےس

ڈروب ےک لیا یا جے تی ،دعب ےک نی یل ہزئاج ہرابود اک لوحام یرابوراک تیمس ؤاھڑچ راتا یں م ںوتمیق یک نے کم روا

ی ے ی ی

،ایک ہلصیف اک ئھڑب ہن گآ ھتاس ےک ےدعو ےک یراک ہیامرس قاب ،ےس یدنماضر یمہاب ن ہیماظتنا یرامہ روا

۔اھکر رارقرب وک ےصح ہدش یراک ہیامرس ےس ےلہپ ہکبج

ےک تی دمآ ،نی انب عونتم وک عئارذ ےک تی دمآ ڈروب ہک اگ ںوہاچ انلاڈ نی شور رپ تاب سا یں م ،رپ روط ےک نسرپیے یچ قی رت رادیئاپ وج ہے مزعرپ ئں ل ےک نی رک بقاعت اک عقاوم ہنکمم یلٰعا ،ہرطخ مکروا ،نی انب طوبضم وک عئارذ یداینب شی اعم روا ٹیکرام روا ہے نے وہ ےھکر یراج انیل ہزئاج اک تاناکما نے وہ نی رھبا ہیماظتنا ۔یں ہ نی رک تیامح یک ۔ہے نے وہ ےھکر یراج انرک ٹسجڈیا وک ںویلمع تمکح ئے ل ےک نی ید باوج رثوم اک ںویلیدبت

ںوہاچ انرک فایی عا اک ںوششوک ہناصلخم روا راشرس یک یی ں مزالم ےک نی پمک یں م ،ےس بناج یکزیر کیرئاڈ فآ ڈروب تیامح لسلسم یک نا یں م نی پمک نی ںوہنا ہک ںوہ اترک ادا ہیرکش یھب اک ناگتفای صصح ردق لباق نی پا یں م ۔اگ ۔ایکراہظا اک دامتعا روا

(زارفرس ین مرز)

نسرپیے یچ

2025 ربوتکا 03 ،دابآ مالسا

ARPAK INTERNATIONAL INVESTMENTS LIMITED

د

DIRECTORS REPORT

The Board of Directors of Arpak International Investments Limited is pleased to present the 48thAnnual Report along with the Audited Financial Statements for the year ended June 30, 2025.

1. Summarized Financial Results

   The financial results of the Company for the year under review are as follows:

   	2025 (Rupees)		2024 (Rupees)
   Loss before taxation	(124,899,565)		(247,391,600)
   Taxation - Current tax	(1,102,259)		(1,430,164)
   - Deferred tax	747,615		(737,808)
   	(354,644)		(2,167,972)
   Loss after taxation	(125,254,209)		(249,559,572)
   Loss per share	(31.31)		(62.39)

2. Financial Performance

   The Company recorded a loss before taxation of Rs. 124.90 million during the year (2024: Rs. 247.39 million), reflecting a considerable reduction compared to the prior year. Accordingly, the loss per share was Rs. 31.31 (2024: Rs. 62.39). The overall results were primarily impacted by the share of loss from Associated Companies of Rs. 333.12 million.

   On an operational basis, the Company reported a loss of Rs. 3.527 million for the year, compared to an operational profit of Rs. 6.8 million in the corresponding period last year. This decline was mainly due to lower rental income and the absence of dividend income, as funds were transferred from mutual funds to other equity investment projects considered more beneficial for the Company.

   Overall, while lower impairment charges improved the year's result compared to last year, sustained profitability was hindered by weaker operating income and continued losses from associated undertakings

3. Investment in The Premier Grain Ethanol Limited

   The Board of Directors had previously approved an investment of Rs. 50 million in Premier Grain Ethanol Limited, against which Rs. 32 million had been paid. As the project is export-oriented, its implementation was delayed due to socio-economic changes in the USA and Europe. After a further reassessment of the business environment, including global trade uncertainties, regulatory concerns, local economic volatility, and fluctuations in corn prices, the Board of both companies decided not to proceed with the remaining commitment. Accordingly, the unpaid shares of Rs. 18 million have been cancelled by PGEL in compliance with the Companies Act, 2017.

4. Future Outlook

   The Board is considering diversifying revenue streams by exploring new business avenues, with a focus on further investments in low-risk sectors and strengthening the rental income base. Management is also working to secure competitive rental and other returns from vacant properties after renovation These measures, together with a continued review of investment strategies and identification of profitable opportunities, are expected to improve the Company's financial position and support long-term growth.

5. Principal Risks and Uncertainties

   • Losses from associated undertakings remain a major drag on profitability.

   • Declining rental income and dividend receipts weakened operational earnings.

   • Uncertainty in long-term, export-oriented investments, as reflected in the suspension of the Premier Grain Ethanol Limited project

   • Continuous reassessment of investment strategies is required to safeguard against market and policy uncertainties.

6. Economic Overview and Challenges

   During FY2025, Pakistan's economy showed signs of stabilization under the new IMF program, with real GDP growth rising to 2.7% (2024: 2.5%). Inflation dropped sharply, with CPI averaging 4.7% for July-April 2025 compared to 26% a year earlier, while the SBP maintained a high policy rate of 11%. Fiscal consolidation efforts led to a historic primary surplus of 3.0% of GDP in the first nine months, which also helped strengthen foreign exchange reserves and generated a current account surplus. Per capita income rose by 9.7% to Rs. 507,440 (US$ 1,824). Despite these gains, challenges persist: political instability, high public debt (61.4% of revenues spent on debt servicing), resistance to structural reforms, volatile commodity prices, and weak FDI inflows. Poverty also increased, with the World Bank reporting a rate of 25.3% in 2024-25, reflecting uneven and non-inclusive growth.

7. Staff Relations

   The management and staff maintained cordial relations throughout the year.

8. Pattern of Shareholding

   The Pattern of Shareholding, as required under Section 227(2)(f) of the Companies Act, 2017, is annexed.

9. Corporate and Financial Reporting Framework

   • The financial statements, prepared by the management of Arpak International Investments Limited, present a fair view of the state of affairs, cash flows, and changes in equity.

   • Proper books of account have been maintained.

   • All appropriate accounting policies have been consistently applied while preparing financial statements, and accounting estimates are based on reasonable and prudent judgment.

   • International Accounting Standards, as applicable in Pakistan, have been followed in the preparation of financial statements.

   • The system of internal control has been effectively implemented and monitored.

   • The Company has the ability to continue as a "going concern."

   • The Company has followed the Code of Corporate Governance as detailed in the listing regulations.

   • Key operating and financial data for the last decade in summarized form is annexed.

   • There are no statutory payments on account of taxes, duties, levies, or charges outstanding as of June 30, 2025, except for those disclosed in the financial statements.

10. Trading in Shares

    No trade in the shares of the Company was carried out by the Directors, CFO, Company Secretary, their spouses, or minor children except for the CEO, who purchased 9,959 shares during the year ended June 30, 2025, other than the disclosed in the pattern of shareholding.

11. Human Resource Committee

    The Human Resource Committee continues to perform its duties in accordance with its terms of reference as determined by the Board of Directors.

12. Adequacy of Internal Financials Controls

    The Board has set-up an effective internal audit function who are considered suitably qualified and experienced for the purpose and are conversant with the policies and procedures of the Company. The scope of internal auditing within the Company is clearly defined which broadly involves review and evaluation of its' internal control systems.

13. Related Party Transactions

    The Related Parties transactions mentioned in 25 to the financial statements were placed before the Board Audit Committee and were approved by the Board. These transactions were in-line with the requirements of International Financial Reporting Standards (IFRS) and the Companies Act, 2017. The Company maintains a complete record of all such transactions. All transactions entered into with the related parties will also be placed before shareholders in their AGM for approval purposes. During the year, all the transactions conducted with related parties were on an arm's length basis, with no personal interest held by the directors in these transactions.

    The Company faces significant risks and uncertainties due to persistent financial challenges, including three consecutive years of net losses from investment impairments and associated companies. Market fluctuations, regulatory risks, and operational uncertainties related to long-term investments add further complexity. To address these risks, the Company has implemented rigorous financial management strategies and continuously assesses the performance of associated companies.

14. Board Meetings

    During the year, eleven (11) meetings were held, and attendance by each director is as follows:

    Name of Directors	Board Meetings	Board of Audit Committee Meetings	Human Resource and Remuneration Committee
    	Attended	Attended	Attended
    Non- Executive Directors
    Begum Laila Sarfaraz (Resigned)	3	-	-
    Ms. Najda Sarfaraz	5	-	-
    Ms. Zarmine Sarfaraz	1
    Mr. Baber Ali Khan	4	2	1
    Executive Directors
    Mr. Abbas Sarfaraz Khan	5	-	1
    Mr. Iskander M. Khan	5	-	-
    Independent /*Director
    Mr. Usman Salim Khan (Retired)	2	1	-
    Mr. Faiysal Ali khan	4	4	-
    Mr. Sher Ali Jaffar Khan	2	2	1

    • Leave of absence was granted to directors who were unable to attend certain meetings.

15. Role of Shareholders

    The Board ensures that the Company's shareholders are kept informed about major developments affecting its state of affairs. Information is communicated to shareholders through quarterly, half-yearly, and annual reports. The Board encourages shareholder participation in the annual general meeting to maintain high levels of accountability.

16. Remuneration of Directors and Independent Directors

    The Company fully complies with the requirements relating to director remuneration under the Code of Corporate Governance. In line with its own policy, however, no remuneration, fee, or benefit has been paid to any member of the Board, including Independent Directors, from the Company's funds.

17. Dividend

    Due to the financial losses sustained by the Company during the year, the Board of Directors has decided not to recommend any dividend for the year ended June 30, 2025.

18. Environmental Impact and Corporate Responsibility

    The Company prioritizes environmental sustainability by implementing eco-friendly practices and complying with regulatory standards. Though it has not engaged in Corporate Social Responsibility (CSR) activities, the Company intends to contribute to CSR initiatives in the future.

19. External Auditors

    The Present Auditors, M/s. ShineWing Hameed Chaudhri & Co, Chartered Accountants, Lahore, will retire at the conclusion of the forthcoming Annual General Meeting and are eligible for reappointment. The Audit Committee has recommended their appointment for the year ending June 30, 2026.

20. Election of Directors

    The election of directors was duly conducted at the last Annual General Meeting held on 25 October 2024 in accordance with the provisions of Section 159 of the Companies Act, 2017.

21. Compliance with the Code of Corporate Governance

    The Company remains committed to the highest standards of corporate governance, conducting its business in line with the best practices of the Code of Corporate Governance and the Listing Regulations of the Pakistan Stock Exchange Limited.

22. Acknowledgment

The Directors appreciate the hard work and dedication displayed by the Company's employees. The Board also thanks the shareholders for their continued support and confidence reposed during these challenging times.

On Behalf of The Board

ISLAMABAD:

October 03, 2025 (ABBAS SARFARAZ KHAN) (ISKANDER M. KHAN)

CEO Director

ٹروپر زرٹکیرئاڈ

ٹڈآ ےیل ےک لاس ےلاو ےنوہ متخ وک 2025 نوج 30 وک زرٹکیرئاڈ فآ ڈروب ےک ڈٹیمل ٹنمٹسیونا لنشینرٹنا کاپرآ ۔ےہ یہر وہ یشوخ ےئوہ ےترک شیپ ٹروپر ہنالاس ںیو48 ھتاس ےک تانایب یتایلام ہدش

جئاتن یلام ہصالخ .1

:ںیہ لیذ جرد جئاتن یلام ےک ینپمک ےیل ےک لاس ہزئاج ریز

یگدرکراک یلام .2

ناصقن اک ےپور نیلم 124.90 ےلہپ ےس سکیٹ نارود ےک (ےپور نیلم 247.39 :2024) لاس ےن ینپمک ناصقن رئیش یف ،قباطم ےک سا ۔ےہ اترک یساکع یک یمک یفاک ںیم ےلباقم ےک لاس ےلھچپ وج ،ایک ڈراکیر 333.12 ےک ںوینپمک ڈٹیا یسوسیا رپ روط یداینب جئاتن یعومجم ۔اہر (ےپور 62.39 :2024) ےپور 31.31 ۔ےئوہ رثاتم ےس ہصح ےک ناصقن ےک ےپور نیلم

یسا ےک لاس ہتشزگ ہکبج اوہ ہراسخ اک ےپور نیلم 3.527 نارود ےک لاس وک ینپمک رپ ںوداینب لنشیرپآ یندمآ یک عفانم روا یندمآ یک ہیارک مک رپ روط یداینب یمک ہی ۔اھت ےپور نیلم 6.8 عفانم اک سا ںیم ہصرع ےک یراک ہیامرس یٹیوکیا رگید ےس زڈنف لچویم وک زڈنف ہکنویک ، یئوہ ےس ہجو یک یگدوجوم مدع یک ۔ےھت ےتاج ےھجمس دنم ہدئاف ہدایز ےئل ےک ینپمک وج اھت ایگ ایک لقتنم ںیم ںوبوصنم

،ایانب رتہب وک جئاتن ےک لاس ںیم ےلباقم ےک لاس ےلھچپ ےن زجراچ ےک یبارخ مک ہکبج ،رپ روط یعومجم ادیپ ٹواکر ںیم عفانم رادیئاپ ےس ہجو یک تاناصقن لسلسم ےس ںورادا ہقلعتم روا یندمآ گنٹیرپآ روزمک ۔یئوہ

یراک ہیامرس ںیم ڈٹیمل لونھتیا نیرگ رئیمیرپ .3

یک یراک ہیامرس یک ےپور نیلم 50 ںیم ڈٹیمل لونھتیا نیرگ رئیمیرپ ےن زرٹکیرئاڈ فآ ڈروب لبق ےس سا ٹکیجورپ ہی ہکنوچ ۔ےہ یئگ یک یگیئادا یک ےپور ھکال 20 ڑورک 3 ںیم ےلباقم ےک سج یھت ید یروظنم لمع رپ سا ےس ہجو یک ںویلیدبت یداصتقا و یجامس ںیم پروی روا ہکیرما ےیل سا ،ےہ ینبم رپ تادمآرب ،ؤاھڑچ راتا یشاعم یماقم ،تاشدخ یرٹیلوگیر ،لاحتروص ینیقی ریغ یتراجت یملاع ۔یئوہ ریخات ںیم دمآرد ںوینپمک ںونود ،دعب ےک ےنیل ہزئاج دیزم اک لوحام یرابوراک تیمس ؤاھڑچ راتا ںیم ںوتمیق یک یئکم روا زینپمک ےن لیا یا یج یپ قباطم ےک سا ۔ایک ہلصیف اک ےنھڑب ہن ےگآ ھتاس ےک ےدعو ہیقب ےن ڈروب ےک ںیہ ےید رک خوسنم صصح ہدش ادا ریغ ےک ےپور نیلم 18 ںیم لیمعت یک 2017 ٹکیا

رظن ہطقن اک لبقتسم .4

رپ ےنانب طوبضم وک داینب یک یندمآ یک ےیارک روا یراک ہیامرس دیزم ںیم ںوبعش ےلاو ےرطخ مک ڈروب رک روغ رپ ےنانب عونتم وک ےلسلس ےک یندمآ ےکرک شالت ےتسار یرابوراک ےئن ےئوہ ےترک زوکرم ہجوت ےنانب ظوفحم وک عفانم رگید روا ہیارک یتقباسم ےس ںودادیئاج یلاخ دعب ےک شئارآ و نیئزت ہیماظتنا ۔ےہ اہر عفانم روا ےزئاج لسلسم ےک ںویلمع تمکح یک یراک ہیامرس ، تامادقا ہی ۔ےہ یہر رک ماک یھب ےئل ےک یک یقرت یتدم لیوط روا ےنانب رتہب وک نشیزوپ یلام یک ینپمک ، رک لم ھتاس ےک یہدناشن یک عقاوم شخب ۔ےہ عقوت یک ےنرک تیامح

لاحتروص ینیقی ریغ روا تارطخ مہا .5

۔ںیہ ٹواکر اڑب کیا ںیم عفانم تاناصقن ےلاو ےنوہ ےس ںورادا ہتسباو ےس سا -

۔ایدرک روزمک وک یندمآ لنشیرپآ ےن ںودیسر یک عفانم روا یمک ںیم یندمآ یک ہیارک -

لونھتیا نیرگ رئیمیرپ ہک اسیج ،لاحتروص ینیقی ریغ ںیم یراک ہیامرس ینبم رپ تادمآرب ، یتدم لیوط -ےہ اتوہ رہاظ ےس یلطعم یک ٹکیجورپ ڈٹیمل

اک ںویلمع تمکح یک یراک ہیامرس ےیل ےک ےناچب ےس لاحتروص ینیقی ریغ یک یسیلاپ روا ٹیکرام -۔ےہ ترورض یک ےنیل ہزئاج ہرابود لسلسم

زجنلیچ روا ہزئاج یداصتقا .6

راثآ ےک ماکحتسا تحت ےک مارگورپ فیا میا یئآ ےئن ےن تشیعم یک ناتسکاپ نارود ےک 2025 لاس یلام یزیت ںیم یئاگنہم ۔یئگ ھڑب کت (دصیف 2.5 :2024) دصیف 2.7 ومن حرش یک یپ یڈ یج یقیقح روا ےئاھکد لاس کیا وج یہر دصیف 4.7 طسوا یک یئآ یپ یس ےیل ےک 2025 لیرپا ات یئالوج روا یئوہ عقاو یمک ےس یک ماکحتسا یلام ۔یھکر رارقرب حرش یسیلاپ یٰلعا یک دصیف 11 ےن کنیب ٹیٹسا ہکبج ،یھت دصیف 26 ےلہپ سج اوہ لصاح سلپرس یداینب یخیرات اک دصیف 3.0 ےک یپ یڈ یج ںیم ہام ون ےلہپ ںیم ےجیتن ےک ںوششوک سک یف ۔یلم ددم یھب ںیم ےنرک ادیپ سلپرس ٹنؤاکا ٹنرک روا ےنانب طوبضم وک رئاخذ ےک ہلدابمرز ےس ، دوجواب ےک دئاوف نا ۔یہر (رلاڈ یکیرما 1,824) ےپور 507,440 ھتاس ےک ےفاضا دصیف 9.7 یندمآ اک یندمآ یلاو ےنوہ چرخ رپ تمدخ یک ضرق) ضرق یماوع یلعا ، ماکحتسا مدع یسایس :ںیہ رارقرب زجنلیچ یئآ یڈ فیا روزمک روا ، ںیتمیق مکحتسم ریغ یک سانجا ، تمحازم فالخ ےک تاحالصا یتخاس ، (٪61.4 وج ،ید عالطا یک حرش یک دصیف 25.3 ںیم 25-2024 ےن کنیب یملاع ،اوہ ہفاضا یھب ںیم تبرغ ۔دمآ یک ۔ےہ یترک یساکع یک یقرت عماج ریغ روا یواسم ریغ

تاقلعت ےک ےلمع .7

۔ےھکر رارقرب تاقلعت راوگشوخ رھب لاس ےن ےلمع روا ہیماظتنا

نرٹیپ اک گنڈلوہ رئیش .8

۔ےہ کلسنم نرٹیپ اک گنڈلوہ رئیش راکرد تحت ےک (فیا) (2)

227

نشکیس ےک

2017

ٹکیا زینپمک

کرو میرف گنٹروپر یتایلام روا ٹیروپراک .9

یک تالماعم تانایب یلام ہدرک رایت ےس فرط یک ہیماظتنا یک ڈٹیمل ٹنمٹسیونا لنشینرٹنا کاپرآ -۔ںیہ ےترک شیپ ہیرظن ہنافصنم کیا اک ںویلیدبت ںیم یٹیوکیا روا ؤاہب دقن ،لاحتروص

۔ںیہ یئگ یھکر رارقرب ںیباتک بسانم یک سٹنؤاکا -

روا ، ںیہ یئگ یک وگال رپ روط لقتسم ںایسیلاپ گنٹنؤاکا بسانم مامت تقو ےترک رایت تانایب یلام -۔ںیہ ینبم رپ ےلصیف ہنادنمشناد روا لوقعم ےنیمخت ےک گنٹنؤاکا

رپ ،ےہ اتوہ وگال ںیم ناتسکاپ ہک اسیج ،تارایعم گنٹنؤاکا یماوقالا نیب ںیم یرایت یک تانایب یتایلام -۔ےہ ایگ ایک لمع

۔ےہ یئگ یک ینارگن روا ےہ ایگ ایک ذفان ےس ےقیرط رثؤم وک ماظن ےک لورٹنک یلخاد -۔ےہ تیحالص یک ےنھکر یراج رپ روط ےک "شیوشت یراج" ساپ ےک ینپمک -

ےس لیصفت ںیم طباوض ےک گنٹسل ہک اسیج ےہ ایک لمع رپ ےطباض ےک سننروگ ٹیروپراک ےن ینپمک -۔ےہ ایگ ایک نایب

۔ںیہ کلسنم رامش و دادعا یتایلام روا گنٹیرپآ یدیلک ےک یئاہد یلھچپ ںیم لکش رصتخم -

،ےہ ںیہن یگیئادا ینوناق یئوک ےس ہجو یک زجراچ ایاقب ای ،زیویل ،زیٹویڈ ،ںوسکیٹ کت 2025 نوج 30 -۔ںیہ ےئگ ےیک رہاظ ںیم تانایب یلام وج ےک نا ےئاوس

تراجت ںیم صصح .10

ےک ںوچب غلابان ای ،تایح کیرش یک نا ،یرٹرکیس ینپمک ،وا فیا یس ،زرٹکیرئاڈ ںیم صصح ےک ینپمک لاس ےلاو ےنوہ متخ وک 2025 نوج 30 ےن ںوہنج ،ےک وا یا یس ےئاوس یئگ یک ںیہن تراجت یئوک ہعیرذ ۔ےک فاشکنا ںیم نرٹیپ ےک گنڈلوہ رئیش ےئاوس ،ےدیرخ صصح 9,959 نارود ےک

یٹیمک سروسیر نمویہ

ےنپا قباطم ےک طئارش یک ہلاوح ےنپا ہدش ےط ہعیرذ ےک زرٹکیرئاڈ فآ ڈروب یٹیمک سروسیر نمویہ ۔ےہ یتہر یتید ماجنا ضئارف

.11

تیبسانم یک لورٹنک یتایلام یلخاد .12

راک ہبرجت روا لہا رپ روط بسانم ےئل ےک دصقم سا وج ےہ ایک مئاق نشکنف ٹڈآ یلخاد رثوم کیا ےن ڈروب اک گنٹیڈآ یلخاد ردنا ےک ینپمک ۔ںیہ فقاو ےس راک ہقیرط روا ںویسیلاپ یک ینپمک روا ںیہ ےتاج ےھجمس روا ہزئاج اک مٹسس لورٹنک یلخاد ےک سا رپ ےنامیپ عیسو ںیم سج ےہ ایگ ایک نایب رپ روط حضاو ہرئاد ۔ےہ لماش صیخشت

نید نیل یٹراپ ہقلعتم .13

روا اھت ایگ اھکر ےنماس ےک یٹیمک ٹڈآ ڈروب وک نید نیل ےک ںوقیرف ہقلعتم روکذم ںیم 25 ںیم تانایب یتایلام (سیا رآ فیا یئآ) تارایعم گنٹروپر یتایلام یماوقالا نیب نید نیل ہی ۔یھت ید ےد یروظنم یک سا ےن ڈروب ڈراکیر لمکم اک نید نیل مامت ےک حرط سا ینپمک ۔ےھت قباطم ےک ںوضاقت ےک 2017 ٹکیا زینپمک روا یج ےا ےک نا ےیل ےک دصاقم ےک یروظنم وک نید نیل مامت ےئگ ےیک ھتاس ےک ںوقیرف ہقلعتم ۔ےہ یتھکر نیل مامت ےئگ ےیک ھتاس ےک ںوقیرف ہقلعتم ،نارود ےک لاس ۔اگ ےئاج اھکر ےنماس ےک زرڈلوہ رئیش ںیم میا ۔یھت ںیہن یپسچلد یتاذ یئوک ےس فرط یک زرٹکیرئاڈ ںیم نید نیل نا ،ےھت رپ داینب یک وزاب نید

سالجا ےک ڈروب .14

:ےہ لیذ ہجردنم یرضاح یک رٹکیرئاڈ رہ روا ، ےئوہ دقعنم سالجا (11) ہرایگ ، نارود ےک لاس

رصاق ےس ےنرک تکرش ںیم ںوسالجا ھچک وج یھت یئگ ید وک زرٹکیرئاڈ نا یٹھچ یک یرضاح ریغ -۔ےھت

رادرک اک زرڈلوہ رئیش .15

مہا یلاو ےنرک رثاتم وک لاحتروص یک سا وک ناگتفای صصح ےک ینپمک ہک ےہ اتانب ینیقی وک تاب سا ڈروب ںوٹروپر ہنالاس روا یہامشش ،یہام ہس وک ناگتفای صصح تامولعم ۔ےئاج اھکر ہاگآ ںیم ےراب ےک ںوتفرشیپ سالجا لرنج ہنالاس ےئل ےک ےنھکر رارقرب وک یہدباوج یک حطس یلعا ڈروب ۔ںیہ یتاج یئاچنہپ ےعیرذ ےک ۔ےہ اترک یئازفا ہلصوح یک تکرش یک ناگتفای صصح ںیم

ہضواعم اک زرٹکیرئاڈ دازآ روا زرٹکیرئاڈ .16

یترک لیمعت لمکم یک ںوضاقت قلعتم ےس ےضواعم رٹکیرئاڈ تحت ےک سننروگ ٹیروپراک فآ ڈوک ینپمک یھب یسک ےک ڈروب تیمس زرٹکیرئاڈ دازآ ےس زڈنف ےک ینپمک ،قباطم ےک یسیلاپ ینپا یک سا ،مہات ۔ےہ ۔ےہ ایگ ایک ںیہن ادا ہدئاف ای سیف ،ہضواعم یئوک وک ربمم

ڈنڈیویڈ .17

2025 نوج 30 ےن زرٹکیرئاڈ فآ ڈروب ،ےس ہجو یک تاناصقن یلام ےلاو ےنوہ وک ینپمک نارود ےک لاس ۔ےہ ایک ہلصیف اک ےنرک ہن شرافس یک عفانم یھب یسک ےیل ےک لاس ےلاو ےنوہ متخ وک

یراد ہمذ ٹیروپراک روا تارثا یتایلوحام .18

وک یرادیئاپ یتایلوحام ےکرک لیمعت یک تارایعم یرٹیلوگیر روا ےکرک ذفان وک ںوقیرط تسود لوحام ینپمک ایل ںیہن ہصح ںیم ںویمرگرس یک (رآ سیا یس) یراد ہمذ یجامس ٹیروپراک ےن سا ہچرگا ۔ےہ یتید حیجرت ۔ےہ یتھکر ہدارا اک ےنلاڈ ہصح ںیم تامادقا رآ سیا یس ںیم لبقتسم ینپمک نکیل ،ےہ

زرٹیڈآ ینوریب .19

گنٹیم لرنج ہنالاس ہدنئآ ،روہال سٹنٹنؤاکا ڈرٹراچ ،وک ڈنیا یردہوچ دیمح گنو نئاش زرسیم ،زرٹیڈآ ہدوجوم متخ وک 2026 نوج 30 ےن یٹیمک ٹڈآ ۔ںیہ لہا ےک یررقت ہرابود روا ےگ ںیئاج وہ رئاٹیر رپ ماتتخا ےک ۔ےہ یک شرافس یک یررقت یک نا ےیل ےک لاس ےلاو ےنوہ

باختنا اک زرٹکیرئاڈ .20

ہدقعنم وک 2024 ربوتکا 25 قباطم ےک تاعفد یک 159 نشکیس ےک 2017 ٹکیا زینپمک باختنا اک زرٹکیرئاڈ ۔اھت ایگ ایک ےس ےقیرط بسانم ںیم گنٹیم لرنج ہنالاس یلھچپ

لیمعت یک سننروگ ٹیروپراک فآ ڈوک .21

ٹیروپراک فآ ڈوک وک رابوراک ےنپا ، ےہ مزعرپ ےئل ےک تارایعم نیرت یٰلعا ےک سننروگ ٹیروپراک ینپمک ےد ماجنا قباطم ےک ںوقیرط نیرتہب ےک زنشیلوگیر گنٹسل ےک ڈٹیمل جنیچسکیا کاٹسا ناتسکاپ روا سننروگ ۔ےہ یہر

فارتعا .22

ڈروب ۔ںیہ ےترک فیرعت یک نگل روا تنحم یلاو ےناج یئاھکد ےس فرط یک نیمزالم ےک ینپمک زرٹکیرئاڈ ادا ہیرکش یھب ےیل ےک ےنرک راہظا اک دامتعا روا تیامح لسلسم یک ناگتفای صصح ںیم تاقوا لکشم نا ۔ےہ اترک

ےس بناج یک ڈروب

(ناخ میا ردنکسا)

رٹکیرئاڈ

(ناخ زارفرس سابع) رسیفآ وٹکیزگیا فیچ

:دابآ مالسا

2025 ربوتکا 03

Register Office

King's Arcade, 20-A, Statutory Compliance

Markaz F-7, Islamabad During the year, the Company has complied with

Tel# 92-51-2650805-7 all applicable provisions, filled all the returns/

Fax# 92-51-2651285-6 forms and furnished all the relevant particulars as Required under the Companies Act, 2017 and allied rules, the Securities and Exchange

Shares Registrar Commission of Pakistan (SECP) Regulations and Hameed Majeed Associates (Pvt.) Limited the listing requirements.

HM House 7-Bank Square, Lahore

Tel #92-42-37235081-2 Stock Code

Fax#92-42-3735881-7 The stock code for dealing in equity shares of Arpak at PSX is ARPAK.

M/s. Hameed Majeed Associates (Pvt.) Ltd

is managed by a well-experienced team of Book Closure Dates

professionals and is equipped with the The Register of Members and Share Transfer books necessary infrastructure in terms of computer of the Company will remain closed from 20.10.2025 facilities and comprehensive set of procedures to 27.10.2025

for conducting the Registration function.

The Share Registrar has online connectivity Web Presence

with Central Depository Company of Updated information regarding the Company can be Pakistan Limited. It undertakes activities accessed at Arpak website,

Pertaining to dematerialization of shares, https://www.premiergrouppk.com/arpak. The website Share transfers, transmission, issue of contains the latest financial results of the Company duplicate/re-validated dividend warrants, together with Company's profile.

and issue of duplicate/replaced share certificates, change of address and other related matters.

Listing on Stock Exchange

Arpak equity shares are listed on Pakistan Stock Exchange.

Listing Fees

The annual listing fee for the financial year 2025-26 has been paid to the stock exchange within the prescribed time limit.

ARPAK INTERNATIONAL INVESTMENTS LIMITED PATTERN OF SHARE HOLDING

AS AT JUNE 30, 2025

Categories of Shareholders Numbers Shares Held

Paid-up Capital

Associated Companies, Undertakings

and Related Parties 2 834,277 20.86

610 4,000,000 100.00

STATEMENT OF COMPLIANCE WITH LISTED COMPANIES (CODE OF CORPORATE GOVERNANCE) REGULATIONS, 2019

Name of Company: Arpak International Investments Limited

Year ended: June 30, 2025

The Company has complied with the requirements of the Regulations in the following manner: -

1. The total number of Director are seven as per the following:

   1. Male 5

   2. Female 2

2. The composition of the Board of Director is as follows;

3. The Directors have confirmed that none of them is serving as a director in more than seven listed Companies including this, Company.

1. The Company has prepared a "Code of Conduct" and has ensured that appropriate steps have been taken to disseminate it throughout the Company along with its supporting policies and procedures.

2. The Board has developed a vision/mission statement, overall corporate strategy and significant policies of the Company. The Board has ensured that complete record of particulars of significant policies along with the date of approval or updating is maintained by the Company.

3. All the powers of the Board have been duly exercised and decisions on relevant matters have been taken by the Board/ Shareholders as empowered by the relevant provisions of the Act and these regulations.

4. The meetings of the Board were presided over by the Chairman and, in his absence, by a director elected by the Board for this purpose. The Board has complied with the requirements of Act and the Regulations with respect to frequency, recording and circulating minutes of meeting of the board.