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

Flamingo Line del Peru SA, a wholly owned overseas subsidiary of Allcargo Logistics Limited, has been voluntarily liquidated effective June 6, 2024. The official communication from Peruvian authorities regarding this cessation was received on December 2, 2024. As a result, Flamingo Line del Peru SA no longer stands as a subsidiary of the company. Notably, for the last financial year ending December 31, 2023, the subsidiary contributed nil to both the revenue from operations and net worth. The liquidation does not involve any buyer transactions, agreements for sale, or implications of related party transactions. This strategic decision may streamline Allcargo's focus and operations, presenting a positive outlook for its core business initiatives. Investors should watch closely for further developments.