The board of directors (the “Board”) of CK Hutchison Holdings Limited notes that a statement has been issued by the Judicial Branch of the Republic of Panama on 29 January 2026 stating that the Supreme Court of Justice of Panama had decided to declare Law No. 5 of 16 January 1997, its amendments and the extension act unconstitutional. Law No. 5 of 16 January 1997 is the relevant law in Panama that approved the concession contract which has been the basis for the operations of Panama Ports Company S.A. (“PPC”, an indirect 90% owned subsidiary of the Company) at the ports of Balboa and Cristóbal, Panama for nearly three decades. As PPC understands, the decision of the Supreme Court of Justice of Panama may become effective in early February 2026.

PPC has been advised that the decision announced by the Supreme Court of Justice of Panama and corresponding actions taken by the Panamanian state relating to the operations of PPC’s terminals at the two ports are inconsistent with the relevant legal framework and the law that approved the concession contract.

On 3 February 2026, PPC commenced, and will pursue vigorously, arbitration proceedings against the Republic of Panama pursuant to the applicable concession contract and the Rules of Arbitration of the International Chamber of Commerce.

The Board strongly disagrees with the determination and corresponding actions in Panama. The Group continues to consult with its legal counsel and reserves all rights, including recourse to additional national and international legal proceedings in the matter.

Shareholders and potential investors of the Company should exercise caution when dealing in the shares and/or other securities of the Company.
Source: CK Hutchison Ports