AutoCanada Inc. ($ACQ)

Hello, and welcome to the Annual Meeting of Shareholders of AutoCanada Inc. Please note that today's meeting is being recorded. [Operator Instructions] It is now my pleasure to turn today's meeting over to Chris Harris, Chair of the Board of Directors of AutoCanada. Mr. Harris, the floor is yours.

Thank you. Good afternoon, and welcome to the Annual General Meeting of Shareholders of AutoCanada. My name is Chris Harris. I am the Chair of the Board of AutoCanada, and I'll be chairing the meeting of shareholders today. This meeting is being held virtually via live webcast, and we have established the following rules to have an orderly meeting. Questions in respect of a motion can be submitted by any registered shareholder or duly appointed proxy holder using the Q&A tab on the right side of your screen. Please note that there will be a slight delay in the publication of the communications received. Questions will generally appear shortly after they are submitted, but will only be addressed during the question period at the end of the meeting, provided that questions regarding procedural matters or directly related to the motions may be addressed during the meeting. For the purposes of the meeting today, voting on all matters will be conducted by electronic ballot. Shareholder -- registered shareholders and duly appointed proxy holders will be asked to vote on each business item after the presentation of the financial statements. The polls are currently open for all registered holders and duly appointed proxy holders who have properly logged in with their control numbers or username and wish to vote. You will only have a certain amount of time to register your votes. I will indicate when polls are closed. We will now proceed with the formal portion of today's meeting. To expedite the formal part of the meeting, I will move and second all motions. I now ask that the Annual General Meeting of the Shareholders of the company come to order. I appoint Cynthia Hill, our General Counsel, as Secretary of the meeting. For the purposes of this meeting, I appoint Computershare Trust Company of Canada through its representatives as scrutineers to compute the votes of any polls taken at this meeting and to report thereon to me. The purposes of today's meeting are set out in the management information circular of the company dated March 24, 2026. The notice calling this meeting, the management information circular and the form of proxy were mailed to shareholders on April 9, 2026. Unless there is any objection, I will dispense with the reading of the notice of meeting. Copies of the management information circular and other meeting materials are available under the company's profile on the SEDAR website. Our transfer agent, Computershare Trust Company of Canada has attested to the proper mailing of the notice calling this meeting. There has been filed with me proof of service of such mailing provided by Computershare. I direct that a copy of such proof of service be attached to the minutes of this meeting as a schedule. I have also been advised that there are more than 2 persons representing more than 5% of the outstanding voting shares of the company present, and therefore, a quorum of shareholders of the company is present, and the meeting is properly called and duly constituted for the transaction of business. I have received the scrutineer's report, and I direct that their formal report be attached to the minutes of this meeting as a schedule. As the first item of business on the agenda for today's meeting, I present to the meeting the audited consolidated financial statements of the company for the fiscal period ended December 31, 2025, together with the auditor's report to the shareholders thereon. Copies of such documents are available on our website and on SEDAR+, and it is not proposed to read them to the meeting. Before proceeding to the next 2 items of business, I would like to describe the voting procedures. Voting today will be conducted by electronic ballot. I ask that Computershare now open the balloting to registered holders and duly appointed proxy holders. All registered holders and duly appointed proxy holders who have properly logged in with their control numbers or username and wish to vote will be able to see on the screen all motions being brought forth at this meeting. Please register your votes by accessing the voting page and selecting the for or withhold buttons next to the name of each proposed director and the resolution with respect to the appointment of PricewaterhouseCoopers as the company's auditors. I will now describe these 2 items in more detail. The first item of business is the election of directors. The 7 directors to be elected by the shareholders of the company will hold office until the close of business of the first Annual Meeting of Shareholders of the company following election or until their successors are elected or appointed. Stephen Carlisle, Samuel Cochrane, Rhonda English, Barry James, Felix-Etienne Lebel, John North, and I, Chris Harris, have been nominated as directors for the ensuing year or until their successors are elected or appointed. Each of the persons nominated has confirmed that he or she is prepared to serve as a director. I move and second a motion to elect the directors. The second item of business is the appointment of auditors of the company for the ensuing year and to authorize the directors of the company to fix the remuneration of the auditors. The Audit Committee of the Board of Directors has approved, subject to shareholder confirmation, the appointment of PricewaterhouseCoopers LLC as the auditors of the company. I move and second that PricewaterhouseCoopers LLC be appointed auditors of the company until the next Annual Meeting of Shareholders and that the Board of Directors be authorized to fix their remuneration. We will provide registered shareholders and duly appointed proxy holders a few more moments to complete the electronic ballots. Once the electronic balloting closes, the voting page will disappear and your votes will automatically be submitted. [Voting]

Computershare, please close the polls. The electronic balloting is now closed. I would ask that the scrutineer compile the report regarding the results of voting on all matters. I have been advised by the scrutineers that based on preliminary results, ballots and proxies deposited for the meeting have been voted in favor of the resolutions. Each of the 7 nominees have been elected as directors of the company to serve until the next Annual Meeting of Shareholders or until their successors are elected or appointed. The appointment of PricewaterhouseCoopers [ LLP ] as the auditors of the company has been approved, and the Board of Directors of the company has been authorized to fix the remuneration. I direct that the results be included with the minutes of this meeting and be announced in a press release in accordance with the policies of the TSX and filed on SEDAR+. The formal items of business as set out in the notice of meeting have now been dealt with. I move and second that this meeting now terminate. As there is no further business to come before the meeting, I declare the formal part of the meeting to be concluded. I will now pass it over to Cynthia Hill, our Executive Vice President, General Counsel and Corporate Secretary, to moderate the question-and-answer portion of the meeting.

Thanks, Chris. We are now entering the Q&A portion of the meeting. We ask that all attendees who would like to ask a question use the instant messaging feature of the virtual interface to do so. We will answer as many questions as time permits. When asking your question, please state your name, the entity you represent, if any, and confirm you are a registered shareholder or a duly appointed proxy holder. We will now give attendees a moment to type in their questions. For each question we answer, we will summarize the question and read aloud the name of the person who asked such question and if applicable, the entity such person represents. As there are no questions today, that concludes the Q&A period. Thank you very much for joining the Annual General Meeting today.

This concludes the meeting. You may now disconnect.