United Electronics Company announced that the board of directors of the company accepted the resignation of the member of the audit committee Mr. Abdul Moaty Wasfy Abdul Hady on March 7, 2022, and the appointment of Mr. Mohammed Ibrahim Abdul Aziz Al-Obaid as an audit committee member on March 7, 2022 until the end of the current board term on May 12, 2024. The boards approval shall not be deemed final. Such appointment will be discussed at the first general assembly meeting for ratification.