REGULATED INFORMATION Paris, 7 November 2025 5:45 PM YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION Disclosure of Share Capital and Voting Rights Disclosure of Share Capital and Voting Rights pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the General Regulations of the Autorité des Marchés Financiers. Register name of the issuer: TOUAX SCA (Euronext Growth Paris: ALTOU) DateTotal shares outstandingTotal voting rightsTotal exercisable voting rights*Octo ...

Summary of China Shipping and Shipbuilding Conference Call Industry Overview - **Industry**: Shipping and Shipbuilding - **Key Companies**: Hengli Heavy Industry, Yangzijiang Shipbuilding, COSCO Shipping Holdings, COSCO Shipping Energy, SITC Holdings Key Takeaways 1. New Shipbuilding Entrant and Impact - Hengli Heavy Industry (HHI) is a new entrant in the shipbuilding industry with a target of 2.3 million tons steel processing volume, potentially translating to 1.5-2x capacity compared to Yangzijiang, which holds 4-5% of global market share. This could imply a 3-4% upside to supply growth forecasts [5][9] - HHI's effective capacity will depend on production efficiency and recruitment of additional employees. The impact on newbuild ship prices is expected to be limited due to the time required for ramping up capacity and disciplined capacity expansion among other Chinese shipyards [5][6] 2. Pricing and Costs Outlook for Chinese Shipyards - Yangzijiang has observed limited further impact from USTR's port fees on China-built vessels, with a pricing gap between Korean and Chinese shipyards widening to 10%. They have regained market share for new ship orders since July and August [10][34] - Both Hengli and Yangzijiang expect stable steel prices in the medium term, which constitutes a significant portion of their operating costs [10][34] 3. Shipping Sub-segments and New Ship Orders Outlook - Positive outlook for tankers, with COSCO Energy expecting elevated freight rates driven by trade rerouting and low supply growth. The management sees improving supply-demand dynamics for crude tankers over the next two years [10][43] - Conservative outlook for container shipping, product tankers, and LNG carriers due to massive new ship deliveries. However, COSCO Shipping Holdings has fully booked slots for upcoming months on major routes, which may support spot rate hikes [10][39] - Rising new ship orders are anticipated for tankers and large-size bulkers, while container and LNGC new ship orders are expected to face pressure in the medium term [10][39] 4. Financial Performance and Projections - HHI reported a gross margin of 21% in 1H25, up from 10% in 1H24, with a net profit guidance of Rmb1.1 billion, Rmb1.6 billion, and Rmb2.1 billion for 2025-2027 [18] - Yangzijiang's management confirmed that most ships under construction are based on contracts signed in 2023, with no new builds from 2024 yet, indicating a favorable product mix [10][34] 5. Strategic Developments - HHI plans to ramp up its workforce from 40-50k to 60k to achieve its capacity target of delivering 80 ships annually [12] - Yangzijiang is set to increase its capacity by 20% with the opening of the Hongyuan Shipyard in 2H2026 [34] 6. Market Dynamics and Competitive Landscape - The merger of China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation aims to enhance order bidding coordination among subsidiaries [38] - The management of CSSC noted that the longer orderbook backlog is affecting new ship order shares, with a focus on environmental requirements driving future orders [38] 7. Risks and Challenges - Key risks include higher-than-expected steel prices, stricter USTR regulations, and potential declines in average selling prices [51][52] - The management expressed concerns about the sustainability of elevated freight rates in the container shipping sector due to massive new ship deliveries [46] Conclusion The shipping and shipbuilding industry in China is experiencing significant changes with new entrants like Hengli Heavy Industry, stable pricing outlooks, and varying projections across different shipping sub-segments. The competitive landscape is evolving with strategic mergers and capacity expansions, while risks related to pricing and regulatory challenges remain pertinent.

Core Viewpoint - Amcor plc is a significant player in the packaging solutions industry, with a focus on flexible and rigid packaging for various sectors, including food and healthcare [1]. Company Overview - Amcor is headquartered in Zurich, Switzerland, and operates globally in the packaging sector [1]. - The company has a market capitalization of $11.9 billion, categorizing it as a large-cap company [2]. - Amcor primarily targets customers through a direct sales network, which has bolstered its market presence [2]. Stock Performance - Amcor's shares are currently trading approximately 28.1% below their 52-week high of $11.48 [3]. - Over the past three months, the stock has decreased nearly 8%, underperforming compared to the Materials Select Sector SPDR Fund (XLB), which gained 4.6% [3]. - In the last 52 weeks, AMCR stock has declined by 24.3%, and year-to-date, it is down 12.3% [4]. - The stock has been in a prolonged downtrend, falling below its 200-day moving average since March and remaining under its 50-day moving average since mid-August [4]. Recent Financial Results - On August 14, Amcor reported its Q4 fiscal 2025 results, revealing a revenue increase of 43.8% year-over-year to $5.08 billion, although it fell short of the $5.17 billion expected by analysts [5]. - The adjusted EPS was $0.20, down 5.2% from the previous year and below the $0.21 forecasted by analysts [5]. - Despite the disappointing results, management reaffirmed confidence in achieving total pre-tax synergy benefits of $650 million by the end of fiscal 2028 from the acquisition of Berry Global [5]. - The company is on track to deliver $260 million of pre-tax synergy benefits in fiscal 2026, resulting in a 12% accretion from the integration [5]. Future Outlook - Amcor anticipates adjusted EPS of approximately $0.80 to $0.83 for fiscal 2026 [6]. - The company projects free cash flow to be between $1.8 billion and $1.9 billion, after accounting for nearly $220 million in net cash integration and transaction costs related to the Berry Global acquisition [6].

Core Insights - TOUAX demonstrates resilience and adaptability in a challenging global economic environment, marked by geopolitical tensions and slower European growth [2][3] - The business model's strength is reflected in increased operating profitability and revenue growth, particularly in the Containers division [3][4] Financial Performance - Restated revenue from activities reached €83.7 million as of June 30, 2025, an increase of €3.2 million (+4.0%) compared to June 2024 [4][11] - Operating EBITDA rose to €30.5 million, a €0.5 million increase (+1.7%), supported by strong performance in the Containers division [4][22] - Group share of net profit was €2.5 million, down from €3.8 million in June 2024 (-35% year-over-year), but increased by +31% on a comparable basis after adjusting for non-recurring income [5][8] Revenue Breakdown by Division - Freight Railcars division revenue decreased to €28.0 million, down €1.2 million (-4.0%) due to a slowdown in the European intermodal market [14][15] - River Barges division revenue slightly increased to €8.2 million, driven by chartering activity on the Rhine basin [17] - Containers division revenue surged to €40.3 million, an increase of €6.2 million (+18.3%), indicating resilience in trade despite tariff negotiations [18][19] Operating Profitability - Operating EBITDA in the Freight Railcars division fell by €1.9 million (-11.5%) to €15.0 million, primarily due to declining leasing activity [22] - The Containers division saw a significant operating EBITDA increase of €3.9 million (+55.3%), attributed to growth in new container trading [24] - Operating EBITDA for the River Barges division decreased by €1.1 million (-28.2%) due to reduced management activity [23] Financial Structure - As of June 30, 2025, total assets amounted to €577.0 million, down 6% from December 2024 [9] - The Loan to Value (LTV) ratio increased to 63.7% from 59.0% in December 2024, reflecting the impact of exchange rate fluctuations [30] - Total equity decreased to €71.4 million, primarily due to negative currency translation adjustments related to the US Dollar [31] Outlook - The short-term outlook is mixed, with potential challenges from weak growth in the rail freight market and geopolitical uncertainties, but medium to long-term trends remain positive due to infrastructure projects and sustainability requirements [33] - The company plans to continue investing in innovation and improving customer service to create sustainable value for partners [34]

Core Insights - Import volumes in the US registered at 2,519,722 TEUs in August, reflecting a slight dip of 3.9% from July but a year-over-year increase of 1.6% from August 2024 [1] - China, the leading source of US imports, saw a significant decrease in volumes to 869,523 TEUs in August, down 5.8% from July and 10.8% year-over-year [2] - The overall import volumes from the top ten countries of origin for US containerized goods experienced a collective decrease of 4.4% month-over-month [2] Import Trends - South Korea, Japan, and Taiwan reported double-digit percentage decreases in their export volumes to the US, while Indonesia and India showed modest increases [3] - The first eight months of 2025 saw container import volumes in the US increase by 3.3% compared to the same period in 2024, indicating strong demand despite policy uncertainties [4] Tariff and Policy Impact - The sustained high import volumes highlight the sensitivity of US importers to tariff timings and ongoing trade policy shifts [3] - Key tariff measures are currently under legal challenge, which adds to the uncertainty faced by US importers as they navigate supply chain risks [5] - The Global Port Tracker report estimates that import volumes are likely to decline for the remainder of 2025 [5]

Core Viewpoint - TOUAX SCA is transferring its shares to the Euronext Growth Paris market to better align with its size and simplify administrative obligations while maintaining access to financial markets attractiveness [1][2]. Group 1: Transfer Details - The effective transfer of TOUAX SCA shares to Euronext Growth Paris is scheduled for August 13, 2025, following approval from the Euronext Admission Committee on August 7, 2025 [1]. - The ISIN code for the shares remains unchanged (FR0000033003), and the ticker symbol will change to ALTOU [3]. Group 2: Purpose of Transfer - The transfer aims to provide a regulatory framework more suited to the company's size, simplifying administrative obligations and reducing management costs [2]. Group 3: Company Overview - TOUAX is a leading leasing company in Europe, managing nearly 1.3 billion euros in tangible assets, including freight wagons, river barges, and containers [5]. - The company is currently listed on Euronext Paris Compartment C and included in various indices such as CAC® Small, CAC® Mid & Small, and EnterNext©PEA-PME 150 [5]. Group 4: Listing Sponsor - TOUAX has appointed Gilbert Dupont as its Listing Sponsor to assist with the transition to the Euronext Growth Paris market [4]. Group 5: Upcoming Events - A video conference to present half-year results will be held on September 18, 2025, in French, and on September 19, 2025, in English [7].

Group 1 - TOUAX Group is a leader in operational leasing of tangible assets such as freight railcars, river barges, and containers, managing €1.2 billion in assets [4] - The company is listed on Euronext Paris and is included in the CAC® Small and CAC® Mid & Small indexes [4] - As of June 30, 2025, TOUAX has a total of 7,011,547 shares outstanding and 8,349,390 total voting rights [2]

Company Overview - TOUAX Group is a leader in operational leasing of tangible assets such as freight railcars, river barges, and containers, managing €1.2 billion in assets [4] - The company is listed on Euronext Paris and is part of the CAC® Small and CAC® Mid & Small indexes [4] Liquidity Contract Summary - As of June 30, 2025, the liquidity account under the contract with Gilbert Dupont Stockbrokers had executed a total of 811 purchase transactions for 61,684 shares, amounting to €258,058.55 [2] - The account also recorded 936 sale transactions for 64,781 shares, totaling €267,055.10 [2] Financial Performance - The liquidity account had a cash balance of €32,026 and held 7,255 shares as of the latest report [7] - Previous holdings included a cash balance of €23,029.37 with 10,352 shares [8] Transaction Details - The report details numerous transactions throughout the first half of 2025, indicating active trading and liquidity management [9][10][11][12]

Group 1 - TOUAX Group is a leader in operational leasing of tangible assets such as freight railcars, river barges, and containers, managing €1.2 billion in assets [4] - The company is listed on Euronext Paris and is part of the CAC® Small and CAC® Mid & Small indexes [4] - As of May 31, 2025, TOUAX has a total of 7,011,547 shares outstanding and 8,335,228 total voting rights [2]

Company Overview - TOUAX Group specializes in leasing tangible assets such as freight railcars, river barges, and containers on a daily basis globally, both for its own account and on behalf of third-party investors [5] - The company manages €1.2 billion in assets, positioning itself as one of the European leaders in operational leasing of this equipment [5] - TOUAX SCA is listed on EURONEXT Paris Compartment C and is included in the CAC® Small and CAC® Mid & Small indexes [5] Shareholders' Meeting - The combined Annual Shareholders' Meeting is scheduled for June 12, 2025, at 3:00 p.m. at Châteauform' Learning Lab La Défense, Puteaux, France [2] - Official announcements regarding the meeting were published in the BALO on May 7, 2025 [2] - Shareholders can access relevant documents and information as per French laws, available on the company's website or upon request via mail or email [3][4]