Karachi, Crescent Fibres Limited has released a statement today, in accordance with regulatory requirements, regarding a recent transaction involving one of its directors. The company confirmed that Mr. Mansoor Riaz, a Non-Executive Director, executed a purchase of 1500 shares in the company on October 2, 2023.

The transaction details are as follows:

Name of Person: Mansoor Riaz (Non-Executive Director)

Date: October 2, 2023

Nature: BUY

Number of Shares: 1500

Rate: PKR 47.78 per share

Form of Share Certificates: CDC (Central Depository Company)

Market: Ready

This disclosure is in line with regulatory requirements outlined in clause No. 5.6.1 (d) of the Pakistan Stock Exchange (PSX) Regulations. According to this clause, listed companies are obligated to inform stakeholders about transactions made by directors, CEOs, executives, their spouses, and substantial shareholders in company shares.

Crescent Fibres Limited also assured that the details of this transaction would be presented at the next board meeting. They will duly highlight any non-compliance issues, if any, for the board's consideration, as required by the PSX Regulations.

Furthermore, the company stated that the holding period for this transaction exceeds six months. In the event of transactions within a six-month period, the company is committed to depositing the equivalent profit amount with the Securities and Exchange Commission of Pakistan (SECP), in accordance with Section 105 of the Securities Act, 2015. This will be done under intimation to the Pakistan Stock Exchange (PSX).

This disclosure reflects Crescent Fibres Limited's commitment to transparency and adherence to regulatory standards in the Pakistani stock market.