STRACON Group Holding Inc. Rejects False Claims Made by SLC Holdings Inc.

Executive Summary

• STRACON Group Holding Inc. rejects false claims by SLC Holdings Inc. and will contest SLC’s application to the Ontario Securities Commission (OSC) seeking a trading halt of STRACON shares.
• The company reaffirms that the long‑form amalgamation with STRACON Peru, completed on November 1 2025, is fully effective under both Canadian and Peruvian law; all assets, liabilities and operations of STRACON Peru have been transferred to STRACON’s Peruvian branch.
• SLC’s litigation in Peru seeks US$26.8 million in damages but has no legal basis to reverse the merger; STRACON expects a favorable outcome before the OSC.

Key Details

• Merger Completion: Long‑form amalgamation between STRACON Group Holding Inc. and STRACON Holdings S.A. (“STRACON Peru”) became effective on 1 Nov 2025, transferring all assets, liabilities, operations, rights and obligations to STRACON’s Peruvian branch.
• SLC Application: On 22 Jan 2026, SLC filed an application with the OSC alleging that STRACON does not own former subsidiaries of STRACON Peru and requesting a halt to trading in STRACON shares.
• Company Position: STRACON states the allegation is without merit; the merger is valid under both Canadian (Yukon Business Corporations Act) and Peruvian law (Peruvian Companies Law, Sections 344 & 353).
• Litigation Background: SLC previously initiated litigation in Peru, objecting to the merger on 5 Dec 2025 (served on STRACON on 30 Dec 2025) and seeking US$26.8 million in damages. The objection is aimed at securing that claim, not challenging merger effectiveness.
• Next Steps: The SLC application will be posted on the OSC website; STRACON will contest the filing and provide expert evidence supporting the merger’s validity.
• Forward‑Looking Statements: STRACON expects its position to be vindicated before the OSC, though outcomes are subject to regulatory and legal risks.

Notable Quotes

“The Company reaffirms the accuracy of its prospectus and is confident that its position will be vindicated before the Commission.” – STRACON Group Holding Inc. spokesperson.