CANPACK Group, Inc. Issues Update on its Russian Operations Since Being Placed Under Temporary External Administration by Presidential Decree and Calls for the Return of Its Assets

Wayne, Pennsylvania, February 10, 2026 – CANPACK Group, Inc. (CPG) was informed on January 13, 2026, that its operations in Russia had been placed under temporary external administration by Presidential Decree. Since that time, the long-time general manager of those operations has been removed and a new general manager appointed by the external administrators, and all communications with our Russian operations have been cut off. CPG has now also learned through the Russian media that monies belonging to its Russian operations have been “donated” by the external administrators to a Russian charitable foundation that allegedly supports Russian government operations. All of these actions have been taken without CANPACK’s consent, authorization, approval, and without any prior notification.

As previously stated, for three decades, CANPACK’s Russian operations have consistently provided high-quality packaging products for the local market and good jobs for its 500+ Russian employees. Throughout this period, CPG has adhered to all applicable laws, rules and regulations; it has also remained committed to its Russian employees and customers, and to its operations in Russia.

CPG calls for the Russian government to ensure the safety of its employees and the preservation and return of its assets. CPG is continuing to assess the legal, operational and financial consequences of this action, and intends to take all appropriate measures in order to protect its rights. CPG will publish material updates as they become available.

About CANPACK Group, Inc.

CANPACK Group, Inc., part of Giorgi Global Holdings, Inc., is a global manufacturer of aluminum beverage cans and packaging solutions for the food and beverage industries, as well as glass bottles and metal closures.  CANPACK employs approximately 8,500 people worldwide and has operations in 16 countries. For more information, visit www.canpack.com.

About Giorgi Global Holdings, Inc.

Giorgi Global Holdings, Inc. (GGH) is a third generation individually owned Pennsylvania-based company with two operating divisions: food and packaging.  Its packaging division is comprised of CANPACK Group, Inc. and Can Corporation of America, Inc.  Its food division is comprised of Giorgi Mushroom Co., Giorgio Foods, Inc., Giorgio Fresh Co., LF Lambert Spawn Co., and CF Logistics LLC.  GGH employes approximately 11,000 people worldwide with operations in 17 countries.  For more information, visit www.thegiorgicompanies.com.

For further information, please contact:

CANPACK IR team

Erin Krzeminski
Group Treasurer & Investor Relations Director
CANPACK Group, Inc.
550 E. Swedesford Road, Suite 220
Wayne, PA 19087

Email: IR@canpack.com

CANPACK IR Advisor

Daisy Padovan – H/Advisors Maitland
Phone: +44 (0) 207 379 5151
Email: canpack@maitland.co.uk