T HE COMPANIES ACT , 2017 (XIX OF 2017)

(Private Company Limited by shares)

MEMORANDUM OF ASSOCIATION
OF

KAPOK RAIMENT (PRIVATE) LIMITED

1. The name of the Company is KAPOK RAIMENT (PRIVATE) LIMITED.

2. The registered office of the Company will be situated in Islamabad Capital Territory.

3. (i) The principal line of business of the company shall be to establish an industrial
undertaking for manufacturing / stitching garments / made ups, clothing, knit-
wears, and weaving of apparels, hosieries and other allied commodities of all
kinds and buying, selling, importing, exporting, and dealing in the products of the
company in or outside Pakistan and to do other business connected, linked or
associated therewith; and to carry on the business of manufacturing and stitching
of garments & made ups on job order or contract basis and to purchase and
import raw material and allied items required for manufacturing & stitching of
garments, made ups in any manner which the company may think fit; and to sell
or dispose of leftover garments, made ups, garment waste, accessories and
other surplus commodities that can be produced, compounded or made available
by the company in any form as a result of any of its processes subject to any
permission required by law and approval from the competent authorities.

(ii) Except for the businesses mentioned in sub-clause (iii) hereunder, the company
may engage in all the lawful businesses and shall be authorized to take all
necessary steps and actions in connection therewith and ancillary thereto.

(iii) Notwithstanding anything contained in the foregoing sub-clauses of this clause

nothing contained herein shall be construed as empowering the Company to
undertake or indulge, directly or indirectly in the business of a Banking Company,
Non-banking Finance Company (Mutual Fund, Leasing, Investment Company,
Investment Advisor, Real Estate Investment Trust management company,
Housing Finance Company, Venture Capital Company, Discounting Services,
Microfinance or Microcredit business), Insurance Business, Modaraba
management company, Stock Brokerage business, forex, real estate business,
managing agency, business of providing the services of security guards or any
other business restricted under any law for the time being in force or as may be
specified by the Commission.

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 (iv) It is hereby undertaken that the company shall not:

(a) engage in any of the business mentioned in clause above or any unlawful
operation;
(b) launch multi-level marketing (MLM), Pyramid and Ponzi Schemes, or other
related activities/businesses or any lottery business;

(c) engage in any of the permissible business unless the requisite approval,
permission, consent or license is obtained from competent authority as may
be required under any law for the time being in force.

4. The liability of the members is limited.

5. The authorized share capital of the company is Rupees. 1,000,000/- (Rupees One
Million Only) divided into 10,000 (Ten Thousand) ordinary shares of Rupees.100/-
(Rupees Hundred Only) each.

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We the several persons, whose names and addresses are subscribed below are desirous of being formed into
a company in pursuance of this memorandum of association and we respectively agree to take the number of
shares in the capital of the company set opposite to our respective names: -

Name and surname NIC No. (in case Father’s / Nationality Usual residential Number of

Signatures
Occupation
(present & former) in of foreigner, Husband’s with any address in full or the Shares
full (in Block Letters) Passport No) Name in full former registered/principal taken by
Nationality office address for a each
subscriber other than subscriber (in
natural person figures and
words)

MUHAMMAD ADEEL 61101-2711712-9 UMAR PAKISTANI BUSINESS HOUSE NO. 27, (1,400)
UMAR HAYAT RAILWAY SCHEME FOURTEEN
II, CHAKLALA, HUNDRED
RAWALPINDI.

SABA ADEEL 37405-5990164-4 MUHAMMAD PAKISTANI BUSINESS HOUSE NO. 27, (600)
ADEEL UMAR RAILWAY SCHEME SIX
II, CHAKLALA, HUNDRED
RAWALPINDI.

(2,000)
Total number of shares taken (in figures and words) TWO
THOUSAND

Dated the 12th day of January 2020.

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