Regional Operations Centre

The Avanceon Building

19 km Main Multan Road Lahore 54660 Pakistan

10 May 2024

AVN/PSX/D/10052024

The General Manager,

Pakistan Stock Exchange Limited,

Stock Exchange Building, Stock

Exchange Road, Karachi.

Subject:Credit of Final Cash Dividend.

Dear Sir,

We are pleased to inform you that the final cash dividend @ Rs. 2/- per share, i.e. 20% for the year ended 31 December 2023 has been credited electronically into the designated bank accounts of the shareholders of the Company on 09 May 2024 to those shareholders who have provided e-mandate with 24-digit complete IBAN numbers. In accordance with the provisions of the Companies Act, 2017, the Company has however withheld the dividends of those shareholders who have not yet provided their IBAN numbers and copy of their CNICs to the Company.

Yours Sincerely,

Ahsan Khalil | Company Secretary

cc:

Director/HOD,

Supervision and Enforcement Department, Securities and Exchange Commission of Pakistan NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad.

www.avanceon.ae| Enquiries: support@avanceon.ae

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Avanceon Ltd. published this content on 10 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2024 05:16:10 UTC.