OFOG Ofough Korosh Chain Stores

Release of pledge on 16,096,578 OFOG shares held at Tejarat Bank for the purpose of obtaining facilities for Kourosh Food Industry Company

Date of share release

1405/06/23

Date of pledge/seizure or blocking of shares

1399/07/19

Name of major shareholder

Kourosh Retail Industry ISMZ Group

Total number of shares owned by the major shareholder

24715120911

Release of pledge on 2,234,997 shares of OFOG held with Tejarat Bank for the purpose of obtaining facilities for Golbarg Ghazaei Company Release of pledge on 1,999,998 shares of OFOG held with Tejarat Bank for the purpose of obtaining facilities for Golbarg Ghazaei Company

Date of share release

1405/06/16

Date of pledging/seizure or blocking of shares

1399/07/21

Name of major shareholder

Kourosh Retail Industry ISMZ Group

Total number of shares owned by the major shareholder

24715120911

Release of pledge of 2,329,998 OFOG shares held with Bank Tejarat for the purpose of obtaining facilities for Khoshkbar va Hobubat Company Release of pledge of 1,362,198 OFOG shares held with Bank Tejarat for the purpose of obtaining facilities for Saman Pouyesh Tamin Company Release of pledge of 1,969,998 OFOG shares held with Bank Tejarat for the purpose of obtaining facilities for Padideh Shimi Gharn Company Release of pledge of 2,530,998 OFOG shares held with Bank Tejarat for the purpose of obtaining facilities for Padideh Shimi Gharn Company Release of pledge of 530,740 OFOG shares held with Bank Tejarat for the purpose of obtaining facilities for Khoshkbar va Hobubat Company Release of pledge of 5,874,057 OFOG shares held with Bank Tejarat for the purpose of obtaining facilities for Golrang Pakhsh Company

Date of share release

1405/06/15

Date of pledge/seizure or blocking of shares

1399/07/19

Name of major shareholder

Kourosh Retail Industry Management Group

Total number of shares owned by the major shareholder

24,715,120,911

It is hereby announced that, given the development trend of the operations of Kourosh Chain Stores Company, the increase in the scale of operations, and the need for access to the specialized capacities required, the matter of restructuring part of the investment structure and the manner of organizing certain support activities of the company has been under review. In this regard, Kourosh Chain Stores Company intends to acquire 76.8 percent of the shares of Avid Industry and Technology Development Group Company. Given its field of activity and the envisaged structure, this company will provide the basis for the consolidation and management of specialized capacities in the areas of technology, store equipment, technical and laboratory services, and other activities related to the company's needs. Also, within the framework of its development plan and the completion of its structure, Avid Industry and Technology Development Group Company will proceed to acquire and consolidate the shares and capacities of Jooya Behnoud, Avid Apparel Industry, Gostaresh Fava Fanavari Ofogh, and Saman Poyesh Tamin companies. In this regard, Kourosh Chain Stores Company, within the framework of the envisaged ownership structure, will place 20 percent of the shares of Saman Poyesh Tamin Company and 70 percent of the shares of Avid Apparel Industry Company at the disposal of Avid Industry and Technology Development Group Company, so that this company can proceed with the consolidation and centralized management of the aforementioned capacities. From this perspective, the acquisition of shares of Avid Industry and Technology Development Group Company by Kourosh Chain Stores Company is not limited solely to a single investment, and will make it possible to benefit from the combined capacities and capabilities of the aforementioned companies within a centralized and specialized structure. The totality of these measures will be carried out with the aim of strengthening specialized and support infrastructure, facilitating the management of related services and projects, making more effective use of existing capacities, and focusing more on the areas required by the company's core business.

Counterparty: شرکت صنعت پوشاک آویدAmount: 933,675,000,000 rial

Subject to Note 4 of Article 7 of the Corporate Governance Instructions

170000002

Transaction date

1405/06/11

Company name

Avid Apparel Industry Company

Relationship with the company

Subsidiary-affiliated company

This is to inform that, given the development trend of the activities of Ofogh Kourosh Chain Stores Company, the increase in the scale of operations, and the necessity of accessing the required specialized capacities, the matter of rearranging part of the investment structure and the manner of organizing some of the company's support activities has been under review. In this regard, Ofogh Kourosh Chain Stores Company intends to acquire 76.8 percent of the shares of Avid Industry and Technology Development Group Company. Given its field of activity and the envisaged structure, this company will provide the basis for consolidating and managing specialized capacities in the areas of technology, store equipment, technical and laboratory services, and other activities related to the company's needs. Also, Avid Industry and Technology Development Group Company, within the framework of its development and structural completion plan, will proceed to acquire and consolidate the shares and capacities of Jouya Behnoud, Avid Apparel Industry, Gostaresh Fava Fanavari Ofogh, and Saman Pouyesh Ta'min companies. In this regard, Ofogh Kourosh Chain Stores Company, within the framework of the envisaged ownership structure, will place 20 percent of the shares of Saman Pouyesh Ta'min Company and 70 percent of the shares of Avid Apparel Industry Company at the disposal of Avid Industry and Technology Development Group Company, so that this company can proceed with the consolidation and centralized management of the aforementioned capacities. From this perspective, the acquisition of shares of Avid Industry and Technology Development Group Company by Ofogh Kourosh Chain Stores Company is not merely limited to a single investment, but will provide the ability to benefit from the collective capacities and capabilities of the aforementioned companies within a centralized and specialized structure. The totality of these measures will be carried out with the aim of strengthening specialized and support infrastructure, facilitating the management of related services and projects, making more effective use of existing capacities, and focusing more on the areas needed by the company's core business.

Transfer of shares of Avid Apparel Industry Company

Event date

1405/06/11

Ratio to total assets in the previous fiscal year

0.13

Ratio to total sales revenue in the previous fiscal year

0.04

It is hereby informed that, given the development trend of the activities of Okhorooshkourosh Chain Stores Company, the increase in the scale of operations, and the necessity of gaining access to the required specialized capacities, the matter of reconfiguring part of the investment structure and the manner of organizing certain support activities of the company has been under review. In this regard, Okhorooshkourosh Chain Stores Company intends to acquire 76.8 percent of the shares of Avid Industry and Technology Development Group Company. Given its field of activity and envisioned structure, this company will provide the basis for consolidating and managing specialized capacities in the areas of technology, store equipment, technical and laboratory services, and other activities related to the company's needs. Also, Avid Industry and Technology Development Group Company, within the framework of its development and structural completion plan, will proceed to acquire and consolidate the shares and capacities of Jooya Behnoud, Avid Clothing Industry, Gostaresh Fava Fanavari Ofogh, and Saman Poyesh Ta'min companies. In this regard, Okhorooshkourosh Chain Stores Company, within the framework of the envisioned ownership structure, will place 20 percent of the shares of Saman Poyesh Ta'min Company and 70 percent of the shares of Avid Clothing Industry Company at the disposal of Avid Industry and Technology Development Group Company, so that this company may proceed with the consolidation and centralized management of the said capacities. From this perspective, the acquisition of shares of Avid Industry and Technology Development Group Company by Okhorooshkourosh Chain Stores Company is not limited merely to a single investment, but will provide the opportunity to benefit from the combined capacities and capabilities of the aforementioned companies within a centralized and specialized structure. The sum of these measures will be undertaken with the aim of strengthening specialized and support infrastructure, facilitating the management of related services and projects, making more effective use of existing capacities, and focusing more on the areas required by the company's core business.

Counterparty: شرکت سامان پویش تامینAmount: 3,166,739,000,000 rial

Subject to Note 4 of Article 7 of the Corporate Governance Instruction

170000002

Transaction date

1405/06/11

Company name

Saman Poyesh Ta'min Company

Relationship with the company

Subsidiary-affiliated