Gates Industrial Corp Ltd.

In addition to the other information set forth in this report, you should carefully consider the factors discussed in Item 1A. “Risk Factors” in Part II of the Company’s Quarterly Report on Form 10-Q for the period ended June 27, 2026, and in Item 1A “Risk Factors” in Part I of the Company’s annual report, which could materially affect the Company’s business, financial condition, operating results or liquidity or future results. The risks described in these filings are not the only risks facing the Company. Additional risks and uncertainties not currently known to the Company or that it currently deems to be immaterial also may materially adversely affect its results of operations, financial condition or liquidity. There have been no material changes to the risk factors disclosed in the reports described above.

The following table sets forth information regarding our purchases of our common shares during the three months ended September 26, 2026:

(1) Does not include commissions or other costs paid to repurchase shares.

(2) The share repurchase program was established in October 2025, allowing for up to $300 million in authorized share repurchases of our common shares, exclusive of commissions, through December 2026. Under this publicly announced program, we were authorized to repurchase common shares using a variety of methods, including but not limited to open market purchases and privately negotiated transactions, all in compliance with the rules and regulations of the SEC and other applicable legal requirements. In the third quarter of 2026, we repurchased approximately $57.4 million of our common shares under the share repurchase program pursuant to a share repurchase contract. Approximately $98.4 million remained available under the share repurchase program as of September 26, 2026.