Sentence 1: The SAARC secretariat was founded on 16 January 1987 in Kathmandu and inaugurated by the late King Birendra Bir Bikram Shah of Nepal .
Sentence 2: The SAARC Secretariat was established in Kathmandu on 16 January 1987 and was inaugurated by Late King Birendra Bir Bikram Shah of Nepal .
Question: Do Sentence 1 and Sentence 2 express the same meaning? Yes or No?