Sponsored Research

This report has been commissioned and paid for by The Calmer Co. International Limited (ASX: CCO) and constitutes sponsored research. It is not independent research, and IPW Advisory’s commercial relationship with the Company is disclosed within the report itself. The forecasts, valuation, price target and recommendation in the report are the opinions of IPW Advisory alone and do not represent the Company’s endorsement of its contents. Nothing in the report has been prepared, verified or adopted by the Company or its Board, and it should not be relied upon as company guidance or forecast. All factual information about the Company referenced in the report was previously disclosed via ASX announcements, which remain the primary source of information about the Company.

[Sponsored Research Report — IPW Advisory (August 2026)]