Allcargo Logistics Limited — Important, 02-01-2025: Sale or disposal

CELM Logistics SA de CV, a wholly owned overseas subsidiary of Allcargo Logistics Limited, has voluntarily liquidated effective December 12, 2024. The company confirmed receipt of official communication regarding this development from Mexican authorities on December 31, 2024. As of December 31, 2023, CELM Logistics had generated no revenue and held no net worth. This strategic decision may allow Allcargo to streamline operations and mitigate financial exposure from underperforming overseas units. Investors should monitor how this liquidation impacts Allcargo's operational efficiency and overall corporate structure moving forward, as it could present both opportunities for cost reduction and risks associated with international operations.