Varroc Engineering Limited — Others, 25-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Varroc Engineering Limited has received a Final Award from the Arbitral Tribunal in Singapore regarding a dispute with Beste Motors and TYC, related to breaches of a shareholders' agreement. The award mandates Varroc to pay approximately NTD 10.74 million, RMB 138,188, and USD 4.83 million to TYC. The company is currently evaluating this decision and exploring legal options while contemplating the transfer of 50% of its shares in Varroc TYC Corporation to Beste Motors for RMB 310.5 million. This situation could affect Varroc's financial position, presenting both risks and strategic shifts for investors to monitor closely.