Allcargo Logistics Limited — Important, 31-01-2025: Sale or disposal

ECU Line Peru SA, a wholly owned subsidiary of Allcargo Logistics Limited, has undergone voluntary liquidation effective from June 6, 2024. The official communication regarding this decision was received from Peruvian authorities on December 24, 2024. Following the liquidation, ECU Line Peru SA is no longer a subsidiary of Allcargo. It’s noteworthy that during the last financial year, as of December 31, 2023, the subsidiary reported revenue from operations and net worth of nil, reflecting minimal contribution to the overall financials. This development may have limited immediate impact on Allcargo's operational outlook, given the subsidiary's previously negligible performance. Markets should monitor further implications regarding Allcargo's overseas operations and potential strategic adjustments in light of this change.