Allcargo Logistics Limited — Important, 18-03-2025: Sale or disposal

Flamingo Line Del Ecuador S.A, a step-down wholly owned subsidiary of Allcargo Logistics, has undergone voluntary liquidation effective January 27, 2025. As of December 31, 2024, the subsidiary contributed no revenue or net worth to the company. This closure doesn't have financial repercussions, as the operations were already inactive. Allcargo has confirmed that Flamingo Line Del Ecuador S.A has ceased to be part of its corporate structure, streamlining its operational focus. Investors should watch closely as the company's strategic direction may evolve following this development, although immediate risks appear minimal given the subsidiary's prior inactivity.