Varroc Engineering Limited — Others, 07-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Varroc Engineering has announced a board meeting to consider the financial results for the quarter and half-year. Its wholly owned subsidiary, VarrocCorp Holding B.V., has completed the sale of its 50% stake in Varroc TYC Corporation to Beste Motors Co. Ltd., following an arbitration enforcement award. The company received RMB 310.5 million (less withholding tax) for the stake, closing the enforcement dispute and reducing Varroc’s involvement in its China JV subsidiaries. This divestment streamlines Varroc’s focus and impacts its joint venture operations in the region.