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CK HUTCHISON UPDATES STATUS OF DISPUTES RELATING TO PPC’S TERMINAL OPERATIONS IN THE REPUBLIC OF PANAMA Continued operation of Balboa and Cristobal terminals depends solely on actions of the Panama Supreme Court and the Panamanian State Publication of a Panama Supreme Court ruling for termination of PPC’s Panama concession that renders PPC operations at Balboa and Cristobal illegal makes any continued operation of the terminals impossible CKHH has notified A.P. Moller-Maersk A/S that any assumption by APM Terminals of operations of the two terminals without the agreement of CKHH will cause damages to CKHH, HPH and PPC, and will result in recourse against APMT Third parties warned against colluding in any unlawful action relating to the operation of the two terminals Hong Kong SAR, 12 February 2026: CK Hutchison Holdings Limited (“CKHH”) announces that it has notified the Republic of Panama of a dispute pursuant to an investment protection treaty in order to protect its rights and interests, and invited consultations in an ongoing effort to resolve measures taken by the Panamanian State that have impacted CKHH and Panama Ports Company S.A. (“PPC”), an indirect subsidiary of CKHH. CKHH took this step based on cumulative measures by the Republic of Panama, including the announcement by the Judicial Branch on 29 January 2026 regarding the Supreme Court of Justice of Panama’s determination that Law No. 5 of January 16, 1997 (“Law No. 5”) is unconstitutional. Law No. 5 has been the basis for the concession contract and operations of PPC at the ports of Balboa and Cristóbal, Panama for nearly three decades. CKHH considers a determination purporting that Law No. 5 is unconstitutional to be unlawful. Although the determination is yet to be published or come into force, the Panamanian State has advanced steps toward a forced exit of PPC and transition of the port sector, with no clarity as to operational plans. In addition to CKHH’s treaty notification, and the arbitration commenced by PPC on 3 February 2026 pursuant to the applicable concession contract previously announced by CKHH in its voluntary announcement of 4 February 2026, CKHH will continue to consult with its legal counsel regarding all available recourse including additional national and international legal proceedings against the Republic of Panama and its agents and third parties colluding with them in this matter. In this context, CKHH notes: an announcement of the Panama Maritime Authority of 30 January 2026 that it will rely on APM Terminals (“APMT”), an affiliate of A.P. Moller – Maersk A/S, as a temporary administrator of the PPC’s terminals at the ports of Balboa and Cristobal as part of a transition plan for the administration of the two ports; and APMT’s own announcement on 30 January 2026 of its willingness to assume the temporary operation of the two ports. On 10 February 2026, Hutchison Port Holdings Limited (“HPH”) notified A.P. Moller – Maersk A/S that any steps by APMT or any of its affiliates to assume the administration or operation of PPC’s ports at Balboa or Cristobal in any capacity for any period of time without the agreement of CKHH will cause damages to CKHH, HPH and PPC and result in legal recourse against APMT and/or its affiliates involved. Notwithstanding these developments, CKHH remains fully committed to ensuring that PPC will take all steps reasonably available to protect the employees who participate in its operations, to avoid disruptions to port operations, as well as customers and suppliers, and to facilitate the flow of vessels and cargo transiting the Panama Canal, as it always has, provided that the actions of the Panama Supreme Court and the Panamanian State permit. The Panamanian State has given PPC no assurances or clarity regarding PPC’s operations at the ports of Balboa and Cristobal and continues to push toward a forced stoppage or takeover of PPC’s operations, causing further disruption and damage. If the publication of the Ruling results in the termination of PPC’s concession, the immediate result would be to render PPC’s operation of its terminals at the ports of Balboa and Cristobal impossible. Accordingly, at this stage, continued operation of the ports depends solely on actions of the Panama Supreme Court and the Panamanian State, which actions are of course wholly outside the control of CKHH, HPH and PPC. Ends

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From my perspective, this is the last CKHH blog. Consequently, I would just like to say that when Matthew Crockatt said back in 2014 the best way to build an audience was to post regularly and often, ...

From my perspective, this is the last CKHH blog. Consequently, I would just like to say that when Matthew Crockatt said back in 2014 the best way to build an audience was to post regularly and often, ...

From my perspective, this is the last CKHH blog. Consequently, I would just like to say that when Matthew Crockatt said back in 2014 the best way to build an audience was to post regularly and often, ...

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