Announcement on the Change of the Main Shareholder

6.11.2024 - Announcement on the Change of the Main Shareholder and Internal Structure of PAP Packaging a.s.

Dear Business Partners,

We would like to inform you that on October 7, 2024 the sale process of PAP Packaging a.s. (hereinafter also referred to as the "Company") was completed.
The new main shareholder is E. Hofmann Plastic Inc., Orangeville, ON, Canada, which acquired a 97.4% stake in all shares from MANFREPLAST Srl. in liquidation (formerly DOpla S.P.A., Italy).

Following the completion of the sale process, a general meeting of PAP Packaging a.s. was held on October 8, 2024, which, with immediate effect, approved a change in the company's internal structure from a dualistic to a monistic system and a modification in the method of acting on behalf of the company.

The above-mentioned changes do not affect any rights or obligations that our Company has towards its business partners, nor do they affect their rights and obligations towards our Company. All existing contracts remain unchanged.

Sušice, November 6, 2024

Ing. Jiří Kotal
Member of the Board of Directors PAP Packaging a.s.