{"url_path":"/sec/gtmay/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-09-11","source_url":"https://www.sec.gov/Archives/edgar/data/1163560/0001140361-26-036215-index.html","accession_number":"0001140361-26-036215","cik":"0001163560","ticker":"GTMAY","issuer_name":"GRUPO TMM SAB","edgar_url":"https://www.sec.gov/Archives/edgar/data/1163560/0001140361-26-036215-index.html","primary_entity_key":"0001163560","primary_entity_name":"GRUPO TMM SAB"},"word_count":514,"has_tables":true,"body_markdown":"ITEM 7.\n\nMAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS\n\nA.  Major Shareholders\n\nThe following table indicates, as of April 21, 2026, unless otherwise indicated, the shareholders that beneficially own 5% or more of our outstanding Shares (the\n“Major Shareholders”). The percentage of our outstanding Shares owned by each Major Shareholder shown below is based on the 174,553,127 Shares outstanding as of April 21, 2025. For purposes hereof, each Major Shareholder with shared\nvoting or investment authority with respect to certain securities is deemed to beneficially own all such securities.\n\n75\n\n[Table of Contents](#TABLEOFCONSENTS)\n\nShareholder\n\n \n\nNumber\n\nof Shares\n\n \n\n \n\nPercentage of\n\nShares\n\nOutstanding\n\n \n\nVanessa Serrano Cuevas\n\n \n\n \n\n59,454,348\n\n \n\n \n\n \n\n34.0\n\n%\n\nJimena Serrano Cuevas\n\n \n\n \n\n34,191,590\n\n \n\n \n\n \n\n19.6\n\n%\n\nJosé F. Serrano Segovia(a)\n\n \n\n \n\n19,461,214\n\n \n\n \n\n \n\n11.1\n\n%\n\n(a)\n\nBased upon information made known to the Company and reports of beneficial ownership filed with the SEC, the Serrano Family beneficially owns 113,107,152 Shares, including 19,461,214 Shares held by\nVEX, a Mexican corporation in which José F. Serrano Segovia holds 100% of the voting stock, and 500 Shares beneficially owned by Promotora Servia, S.A. de C.V. (“Promotora”), a Mexican corporation controlled by José F.\nSerrano Segovia, and which are owned directly by its subsidiary, Servicios Directivos Servia, S.A. de C.V. (“Servicios”), a Mexican corporation.\n\nChange in Percentage Ownership\n\nNo major shareholder has disclosed any significant changes in their shareholding percentage during the three years ending December 31, 2025, 2024, and 2023, with the\nexception of Jimena Serrano Cuevas, who held a 19.6% stake as of 2023.\n\nVoting Rights and Control\n\nAs of April 21, 2026, 15,047,127 Shares were held in the form of ADSs, which have limited voting rights. The Shares held in the form of ADSs are held directly by the\nCPO Trust. The voting rights for those Shares are exercisable only by the trustee of the CPO Trust, which is required by the terms of the trust agreement to vote such Shares at any shareholders’ meeting in the same manner as the\nmajority of the Shares that are not held in the CPO Trust are voted. Of the 159,506,000 Shares held outside of the CPO Trust as of April 21, 2026, the Serrano family beneficially owns 106,270,642, or 66.6% of such Shares. As a\nresult, the Serrano family could direct and control the policies of the Company and its subsidiaries, including mergers, sales of assets and similar transactions. See Item 9. “The Offer and Listing.” Except for the limited voting\nrights applicable to their ADSs, none of the Major Shareholders have voting rights that differ from those applicable to other holders of Shares.\n\nOther than the Serrano family, which may be deemed to control the Company, to our knowledge we are not directly or indirectly owned or controlled by any other\ncorporation, by any foreign government or by any other natural or legal person, severally or jointly. We are not aware of any arrangement which may at a later date result in a change of control of the Company.\n\nB.  Related Party Transactions\n\nTo date, the Company has no related parties as third-party partners.\n\nC. Interests of Experts and Counsel\n\nNot applicable."}