Hod-Assaf Industries Ltd (the “Company”) – Notice of the convention of a special annual general assembly

Notice is hereby given that an annual general meeting of the shareholders of the company will be convened On Tuesday, January 7, 2025 , At 5:00 PM , at the registered offices of the company in Kiryat HaPlada, Akko (“The assembly”).

Details of the topics on the agenda:
(A) Discussion of the annual financial statements and the Board of Directors’ report of the company for the year ended December 31, 2023;
(B) Re-appointment of the auditor;
(C) Re-appointment of directors serving at the company (who are not external directors) until the next annual meeting of the company: Mr. Avraham Novogrotsky, Avraham (Rami) Shani, Zvi Vardi, Shulamit Ashbol (independent director), Zvi Yakubovich and Shimon Lankri.
The vote on each candidate for reappointment as a director will be held separately;
(D) Approval of the update of the company’s compensation policy

The required majority with regard to decisions:
(B) Up to
(C) On the agenda, a majority of the votes of the shareholders present at the meeting, in person or through their proxies, and who are entitled to vote and participate in the vote.
Regarding the decision
(D) on the agenda, a simple majority of the votes of the shareholders present at the meeting, in person or through their proxies, who are entitled to participate in the vote, provided that one of the following occurs:
(a) The majority vote count will include a majority of all votes of shareholders who are not controlling shareholders in the company or who have a personal interest in approving the resolution (approval of the updated compensation policy and/or approval of the company’s entry into an employment agreement with the company’s Deputy CEO, as applicable), who participate in the vote; in the total vote count of the aforementioned shareholders, abstentions will not be taken into account; (b) the total number of votes of those who oppose from among the shareholders mentioned in subparagraph (a) did not exceed two percent (2%) of all voting rights in the company.

Referral for immediate reporting:
For additional information regarding the assembly, including how to fully review the proposed resolutions and the various voting methods, see the immediate report regarding the meeting notice published on November 27, 2024, on the Israel Securities Authority’s publications website: http://www.magna.isa.gov.il (Reference No. 2024-01-619781).

Hod-Assaf Industries Ltd