CKH HOLDINGS (00001): Initiated international arbitration proceedings against Panama for violating the investment protection treaty.

CKH HOLDINGS (00001) announced that, after multiple attempts to seek a resolution without success, the company has initiated international arbitration proceedings against the Republic of Panama on August 20, 2026, due to violations of the investment protection treaty. These violations stem from a series of measures taken by Panama during 2025 and 2026, which ultimately led to Panama's destruction of the concession agreements for Balboa Port and Cristobal Port, as well as the forcible takeover of the port facilities. The company claims damages exceeding $1.5 billion for the destruction of its investments in Panama. The companys subsidiary, Panama Ports Company (PPC), will continue to assert its distinct rights under the arbitration proceedings conducted separately by PPC, in accordance with the concession agreements and the arbitration rules of the International Chamber of Commerce. The Board strongly opposes Panama's treaty violations. The company will continue to seek a resolution with Panama while upholding all rights and compensations it holds under the treaty and international law.