Core Points - Michelin has completed the divestment of its bias tires and tracks for compact construction equipment activities, following the terms announced on December 6, 2024, and after obtaining necessary approvals for the transaction [1] - The divestment includes two plants in Sri Lanka, the Midigama Tyre Division and Casting Product Division, and the Camso brand, which will be sold after a three-year licensing period [2] - This decision aligns with Michelin's sustainable growth strategy, "Michelin in Motion 2030," focusing on areas where the Group's innovations and technologies are most valued [3] - The divestment and discontinuation of these activities, which represented approximately 3% of the Group's third Reporting Segment (RS3) net sales in 2024, is expected to enhance the financial performance of the Segment [4]