SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 3)*


GRUPO TELEVISA, S.A.B.
(Name of Issuer)


Series A Shares; Series B Shares; Dividend Preferred Shares; Series L Shares
(Title of Class of Securities)


40049J206
(CUSIP Number)


Luis Alejandro Bustos Olivares
Grupo Televisa, S.A.B., Av. Vasco de Quiroga No. 2000
Mexico City, O5, 01210
011 52 55 5022 5899
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
01/05/2026
(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




SCHEDULE 13D/A
CUSIP No.
40049J206


1 Name of reporting person

Emilio Fernando Azcarraga Jean
2 Check the appropriate box if a member of a Group (See Instructions)

☐  (a)
☒  (b)
3SEC use only
4 Source of funds (See Instructions)

AF, PF
5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

☒
6 Citizenship or place of organization

MEXICO
Number of Shares Beneficially Owned by Each Reporting Person With:
7 Sole Voting Power: 30,978,006,365.00
8 Shared Voting Power: 36,439,110,342.00
9 Sole Dispositive Power: 30,978,006,365.00
10 Shared Dispositive Power: 0.00
11 Aggregate amount beneficially owned by each reporting person

67,417,116,707.00
12 Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

☐
13 Percent of class represented by amount in Row (11)

19.8 %
14 Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The Shares reported in row (11) consist of (i) 58,850,673,929 A Shares representing 49.6% of the outstanding A Shares; (ii) 2,048,497,186 B Shares representing 3.7% of the outstanding B Shares; (iii) 3,258,972,796 D Shares representing 3.9% of the outstanding D Shares; and (iv) 3,258,972,796 L Shares representing 3.9% of the outstanding L Shares (See Item 5(a)). The Shares reported in rows (8) and (11) include 36,439,110,342 Shares, which consist of (i) 28,491,900,654 A Shares; (ii) 1,900,419,708 B Shares; 3,023,394,990 D Shares; and (iv) 3,023,394,990 L Shares, subject to Special Voting Rights (as defined and further described in Item 4 below) pursuant to the Transaction Agreement (as defined in Item 4 below).



SCHEDULE 13D/A

Item 1.Security and Issuer
(a) Title of Class of Securities:

Series A Shares; Series B Shares; Dividend Preferred Shares; Series L Shares
(b) Name of Issuer:

GRUPO TELEVISA, S.A.B.
(c) Address of Issuer's Principal Executive Offices:

AV VASCO DE QUIROGA 2000, COLONIA SANTA FE, MEXICO , 01210.
Item 1 Comment: This Amendment No. 3 ("Amendment No. 3") amends the Schedule 13D (the "Original Schedule 13D"), Amendment No. 1 to the Original Schedule 13D ("Amendment No. 1") and Amendment No. 2 to the Original Schedule 13D ("Amendment No. 2"), filed by the Reporting Person with the SEC on April 5, 2004, January 19, 2006 and February 15, 2024, respectively, with respect to the Series A Shares of common stock, no par value (the "A Shares"), the Series B Shares of common stock, no par value (the "B Shares"), the Dividend Preferred Shares, no par value (the "D Shares"), and the limited-voting Series L Shares, no par value ("L Shares" and, together with the A Shares, the B Shares and the D Shares, the "Shares") of Grupo Televisa, S.A.B. (the "Issuer"). This Amendment No. 3 supplements Items 4, 6 and 7 and amends and restates Items 2(e) and 5(a)-(c) as set forth below. Except as set forth herein, in Amendment No. 1 and in Amendment No. 2, the information in the Original 13D is unchanged and has been omitted from this Amendment No. 3. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed thereto in the Original 13D. The Shares trade on the Mexican Stock Exchange in the form of certificados de participacion ordinarios ("CPOs"), each of which currently comprises of 25 A Shares, 22 B Shares, 35 D Shares and 35 L Shares, and in the United States, in the form of global depositary shares, each of which represent 5 CPOs.
Item 2.Identity and Background
(e)
In 2018, the Reporting Person was named a defendant in a class action lawsuit filed in the U.S. District Court for the Southern District of New York. In 2023, the Issuer settled the lawsuit. For more information, see the Issuer's annual report on Form 20-F for the year 2024, filed with the Securities and Exchange Commission on April 30, 2025. Except as described above, during the last five years the Reporting Person was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 4.Purpose of Transaction
 
On January 5, 2026, the Reporting Person and the Azcarraga Trust entered into a transaction agreement (the "Transaction Agreement") with Alfonso de Angoitia Noriega ("AAN") and Bernardo Gomez Martinez ("BGM"), pursuant to which the Reporting Person agreed to sell to AAN 13,166,166,402 A Shares and to BGM 13,166,166,402 A Shares (collectively, the "Acquired Shares"), for an aggregate purchase price of Ps.1,926,303,610. Pursuant to the Transaction Agreement, each of AAN and BGM agreed that following their acquisition of the Acquired Shares, the Reporting Person, through the Azcarraga Trust, will have the right to exercise all voting rights attached to the Acquired Shares, together with 38,580,509 CPOs held by AAN prior to the entry into the Transaction Agreement (the "A Specified CPOs") and 38,699,325 CPOs held by BGM prior to the entry into the Transaction Agreement (the "B Specified CPOs"), with respect to the appointment, removal and/or ratification of members of the Issuer's board of directors ("Special Voting Rights") so long as the Reporting Person is not declared legally dead, incapacitated or absent and holds more than fifty-percent (50%) of the shares in the Azcarraga Trust, other than the Acquired Shares. Each of AAN and BGM will have the right to exercise all voting rights attached to each of their Acquired Shares and the A Specified CPOs and B Specified CPOs, respectively, other than those specified in the preceding sentence. In addition, under the Transaction Agreement, in the event that the Reporting Person, directly or through the Azcarraga Trust, AAN or BGM intend to transfer the Acquired Shares or any other shares of or securities representing the Issuer's capital stock (including CPOs or global depositary shares), the other parties thereto will have a right of first refusal allowing them to purchase such shares or securities at the proposed sale price. The acquisition of the Acquired Shares contemplated by the Transaction Agreement is subject to certain closing conditions, including receipt of required regulatory approval in Mexico. The foregoing summary of the Transaction Agreement does not purport to be complete and is qualified in its entirety by reference to the Transaction Agreement, a copy of which is filed as Exhibit 99.3 to this Amendment No. 3 and incorporated herein by reference.
Item 5.Interest in Securities of the Issuer
(a)
See rows (11) and (13) of the cover page and the footnote on the cover page to this Schedule 13D for the aggregate number of Shares and percentage of Shares beneficially owned by the Reporting Person. The percentages used in this Schedule 13D are calculated based upon 340,621,798,257 Shares, consisting of 118,614,113,375 A Shares, 54,882,207,692 B Shares, 83,562,738,595 D Shares and 83,562,738,595 L Shares, outstanding as of March 30, 2025, as reported in the Issuer's Form 20-F, Item 7 filed with the Securities and Exchange Commission on April 30, 2025.
(b)
See rows (7) through (10) of the cover page and the footnote on the cover page to this Schedule 13D for the number of Shares as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. Trust No. 11042181 (the "LTRP Trust") is a trust organized under the laws of Mexico as an equity compensation plan for employees of the Issuer. The LTRP Trust holds the following Shares as of September 30, 2025: 7,339,790,761 A Shares, 6,701,667,681 B Shares, 6,911,937,709 D Shares and 6,911,937,709 L Shares. These shares are not included in the number of A Shares, B Shares, D Shares and L Shares included in items 7 through 10 of the coverage pages to this Amendment No. 3. Shares held in the LTRP Trust become vested over a period of years, reducing the number of Shares held in the LTRP Trust accordingly. A technical committee, all of whose members are employees of the Issuer, has the power to control the voting of Shares held by the LTRP Trust. Thus, the LTRP Trust may be deemed to be controlled by the Issuer, and the Issuer and EAJ may be deemed to share beneficial ownership of all Shares beneficially owned by the LTRP Trust. EAJ expressly disclaims such beneficial ownership.
(c)
Except as set forth in Item 4 of this Amendment No. 3, no transactions in the CPOs have been effected by the Reporting Person within the prior 60-day window for which disclosure is required by Schedule 13D.
Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
 
The information set forth in Item 4 of this Amendment No. 3 is hereby incorporated herein by reference.
Item 7.Material to be Filed as Exhibits.
 
Exhibit 99.3: Transaction Agreement, dated January 5, 2026, by and among the Reporting Person, the Azcarraga Trust, AAN and BGM.

    SIGNATURE 
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 
Emilio Fernando Azcarraga Jean
 Signature:/s/ Emilio Fernando Azcarraga Jean
 Name/Title:Emilio Fernando Azcarraga Jean/Individually
 Date:01/05/2026

 

 

Exhibit 99.3

CONVENIENCE TRANSLATION – FOR INFORMATIONAL PURPOSES ONLY

AGREEMENT dated January 5, 2026 (the “Agreement”), by and among:

 

I.Emilio Fernando Azcárraga Jean (“EAJ”);

 

II.Banco INVEX, S.A., Institución de Banca Múltiple, INVEX Grupo Financiero, acting solely as trustee of Management Trust Agreement F/6121 (the “Control Trust”);

 

III.Alfonso de Angoitia Noriega (“AAN”); and

 

IV.Bernardo Gómez Martínez (“BGM” and together with EAJ, the Control Trust and AAN, the “Parties”);

 

BACKGROUND

 

I.         EAJ is settlor and Trustee “A” of the Control Trust.

 

II.        As of this date, EAJ is the beneficiary, through the Control Trust, of 52,991,825,705 Series “A” shares representing the capital stock of Grupo Televisa, S.A.B. (the “Company”) (the “EAJ Shares”).

 

III.      III. As of this date, AAN owns, directly or indirectly, 38,580,509 ordinary participation certificates (“CPOs”) underlying shares representing the capital stock of the Company (the "AAN CPOs").

 

IV.      IV. As of this date, BGM owns, directly or indirectly, 38,699,325 CPOs (the "BGM CPOs").

 

V.        It is the intention of the Parties to enter into this Agreement to, among other things, (i) establish the terms and conditions under which AAN will acquire from the Control Trust, 13,166,166,402 Series “A” shares representing the capital stock of the Company, and BGM will acquire from the Control Trust, 13,166,166,402 Series “A” shares representing the capital stock of the Company (collectively, the “Shares to be Acquired”), and (ii) regulate certain aspects in relation to the exercise of the corporate rights of the Shares to be Acquired, the AAN CPOs and the BGM CPOs as well as certain rights between the Parties in the event of transfers, subject to the terms and conditions established in this Agreement.

 

CLAUSES

 

FIRST. Purchase and Sale of Series A Shares

 

On the Closing Date, subject to the satisfaction of the conditions set forth in Clause Three, the Control Trust shall sell to AAN 13,166,166,402 Shares to be Acquired, and to BGM 13,166,166,402 Shares to be Acquired, in each case, free of any encumbrances or limitations of ownership, and AAN and BGM agree to purchase, respectively, all the Shares to be Acquired (the “Purchase and Sale"), for a total price equal to Mx$1,926,303,610, or Mx$963,151,805 each of them (the “Purchase Price").

 

To complete the Sale, on the Closing Date:

 

1.The Control Trust shall instruct the brokerage firm that acts as custodian of the Shares to be Acquired to transfer “free of payment” the Shares to be Acquired, to the brokerage accounts and “drawer” of S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V. that AAN and BGM instruct in writing; and

 

 

 

 

2.AAN and BGM will transfer by electronic transfer to the bank account instructed by the Control Trust in writing, in immediately available funds the Purchase Price.

 

The Parties undertake to carry out all the acts that are necessary to perfect, on the Closing Date, the Sale.

 

SECOND. Election of Directors

 

(a) The Parties agree that, as long as EAJ (i) is not declared judicially incapable, whether temporary or permanent (as stated in the provisional or final judicial decision declaring temporary or permanent incapacity or in the provisional or final judicial decision limiting the capacity to exercise), missing (as stated in the judicial declaration of absence or presumption of death in accordance with applicable law) or dead (as stated in the act of death) ("Death, Incapacity and/or Absence"), and (ii) holds more than fifty percent (50%) of the EAJ Shares (after subtracting the Shares to be Acquired), EAJ, through the Control Trust, shall have the exclusive right to exercise the vote that corresponds to all the Shares to be Acquired, AAN CPOs and BGM CPOs with respect to the appointment, removal and/or ratification of the members of the Company's Board of Directors at the corresponding validly convened shareholders' meeting, for which (a) AAN and BGM shall take the necessary action as requested in writing by EAJ through the Control Trust, including attending the corresponding meeting and voting as instructed by EAJ and/or granting a power of attorney or similar document conferring on EAJ or its designee the right to represent and vote the Shares to be Acquired, the AAN CPOs and the BGM CPOs at the Company's shareholder meetings, and (b) shall abstain from voting on the designation, removal and/or ratification of the members of the Company's Board of Directors except in accordance with the written instructions they have received for this purpose from EAJ. For the avoidance of doubt, the right contemplated in this Clause is vested exclusively on EAJ personally, and acting directly or through the Control Trust and not with any trustee other than the Control Trust.

 

The Parties undertake to carry out the acts necessary to implement the rights and obligations described in the previous paragraph.

 

(b) The Parties acknowledge and agree that, except as provided in this Clause Two, subsection (a) of this Agreement, (i) AAN and BGM, as owners of the Shares to be Acquired, the AAN CPOs and the BGM CPOs, respectively, shall each have the right to exercise all corporate and economic rights that correspond to each with respect to the Shares to be Acquired, the AAN CPOs and the CPOs the BGM CPOs, respectively, and (ii) the Control Trust shall have the right to exercise all the corporate and economic rights that correspond to the EAJ Shares.

 

THIRD. Conditions

 

The obligation of the Parties to consummate the Sale is subject to the satisfaction of the following conditions:

 

(a)The Purchase and Sale must have been authorized by the Mexican National Antitrust Commission (Comisión Nacional Antimonopolio) and such authorization must continue to have full effect.

 

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(b)No judgment or order shall have been issued by any governmental authority that prohibits or restricts the Sale.

 

FOURTH. Closing

 

The Sale will take place at Paseo de la Reforma No. 760, Lomas de Chapultepec, C.P. 11000, Mexico City, or at any other place agreed in writing by the Parties, on the date that is later between (i) February 2, 2026, and (ii) the fifth (5th) business day following the date on which all the conditions set forth in Clause Third have been satisfied, or on any other date agreed in writing by the Parties (the date on which the consummation of the Sale takes place, the “Closing Date”).

 

For the avoidance of doubt, even if the conditions precedent described in Clause Third have been satisfied, in no case will the Sale take effect prior to February 2, 2026.

 

FIFTH. Right of First Refusal

 

In the event that (i) EAJ, whether directly, through the Control Trust or indirectly in any other way, intends to carry out a transfer of shares representing the capital stock of the Company and/or rights under the Control Trust, whatever the form or structure of the sale or assignment (the “EAJ Securities”), or (ii) AAN and/or BGM intend to carry out a transfer, either directly, indirectly or otherwise, of the Shares to be Acquired, then EAJ through the Control Trust, AAN and BGM, as the case may be, will have a right of first offer as follows:

 

a.The Party or Parties that intend to carry out a transfer as set forth above (either one or two Parties, the “Selling Party”) shall deliver to the other Parties (either one or two Parties, the “Prospective Acquirers”) a notice offering to sell or assign, as the case may be, the number of EAJ Securities or Shares to be Acquired, as applicable, subject matter of the potential transfer (the “Offered Securities”), indicating the cash price at which the Offered Securities are proposed to be transferred (the “Sale Price”) and the other relevant terms and conditions of the transfer (the “Offer to Sell”).

 

b.Prospective Acquirers shall have the right to acquire the Securities Offered at the Sale Price, proportionally with respect to their respective direct and indirect participation in the capital stock of the Company (excluding, for these purposes, all other shareholders of the Company who are not Prospective Acquirers) by delivery, within twenty (20) business days following the date on which they have received the Offer to Sell, a written notice to the Selling Party confirming its intent to acquire all and not less than all of the Offered Securities to which it is entitled (the “Purchase Notice”). For the purposes of determining the participation of the Prospective Acquirers in the Company, the direct and indirect participation of such Prospective Acquirerson the day immediately prior to the day on which the Offer for Sale is delivered shall be considered.

 

c.In the event that there is more than one Prospective Acquirer, if any Prospective Acquirer delivers a Purchase Notice indicating its intention to purchase a number of Offered Securities less than that to which it would be entitled, or fails to deliver the Purchase Notice within the period indicated above, the Offered Securities corresponding to such Prospective Acquirer must be offered directly to the other Prospective Acquirers who have indicated their intention to acquire the Offered Securities, which such other Prospective Acquirers who will have an additional period of twenty (20) business days to deliver a written notice to the Selling Party confirming their intent to acquire all or part of the additional Offered Securities.

 

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d.In the event that the Prospective Acquirers do not accept the Offer to Sell as indicated in the preceding paragraphs within the deadlines established above, the Selling Party may offer the Offered Securities not accepted to a third party at a price that is not less than the Sale Price and on terms and conditions that are not more favorable to the third party than those offered to the Prospective Acquirers.

 

e.If the Selling Party does not complete the transfer of the declined Offered Securities within a period of one hundred twenty (120) days (according to which such period must be extended to obtain the authorization of the National Antitrust Commission if required in accordance with applicable law) as of the date on which the Offer to Sell is deemed to have been declined in accordance with the preceding paragraphs, then the Selling Party may not transfer the Offered Securities to any third party until it goes over the procedure provided for in this Clause Fifth again.

 

SIXTH. Joinder of Third Parties

 

As a condition to the effecting of any transfer of the EAJ Securities or the Shares to be Acquired to any person other than a Party, such person shall enter into a joinder agreement to this Agreement through which it accepts and agrees to the rights and obligations of the Party transferring to it the EAJ Securities or the Shares to be Acquired, as the case may be, exclusively under Clause Fifth. For the avoidance of doubt, in no case will the rights contemplated in the Clause Second be applicable to any person other than EAJ.

 

SEVENTH. Regulatory Notices

 

The Parties undertake to submit the notices that are necessary to carry out the purchase and sale of the Shares in terms of the provisions of the applicable legislation or the Company's policies.

 

EIGHTH. Completion

 

This Agreement may be terminated, without any additional effect, (i) by written consent between the Parties, (ii) in the event of Death, Incapacity and/or Absence of AAN and BGM (i.e., Death, Incapacity and/or Absence of both), or (iii) by either Party, if the consummation of the Sale does not occur on or before December 31, 2026.

 

In the event of termination of this Agreement in accordance with the provisions of this Clause, this Agreement shall cease to have effect.

 

NINTH. Tax Obligations

 

The Parties agree that all taxes, duties or contributions that are caused as a result of the Sale will be borne by the Party that is responsible for covering them in accordance with applicable law.

 

TENTH. Notices

 

The notifications and/or notices made by the Parties shall be sent in writing, by certified mail, specialized courier or any other means that acknowledges or confirms their receipt by the addressee, to the addresses of the Parties indicated below, on working days and hours. All notifications, notices or communications that the Parties address in terms of this Clause will be understood to have been received on the date of their delivery; provided that the corresponding acknowledgement of receipt or confirmation of receipt is available.

 

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The Parties indicate the following as their domiciles for the purposes of the foregoing:

 

EAJ:

 

Paseo de la Reforma No. 760

Lomas de Chapultepec, C.P. 11000

Mexico City

Attn: Emilio Fernando Azcárraga Jean

 

CCP:

 

Creel, García-Cuellar, Aiza y Enríquez, S.C.

Torre Virreyes Pedregal No. 24, 24th Floor

Col. Molino del Rey, Mexico City

11040

Attention: Jean Michel Enríquez D.

jean.michel.enriquez@creel.mx

 

The Control Trust:

 

Banco Invex, S.A. Institución de Banca Múltiple, Invex Grupo

Financiero, actuando única y exclusivamente como Fiduciario del

Fideicomiso F/6121.

Boulevard Manuel Ávila Camacho Número 40, piso 7

Lomas de Chapultepec, alcaldía Miguel Hidalgo,

Código postal 11000, Ciudad de México, México

Email: mescudero@invex.com y Ftradicional@invex.com

Attention: Jesús Miguel Escudero Basurto y Francisco Javier Martínez

García, Delegados Fiduciarios

 

AAN:

 

Paseo de la Reforma No. 760

Lomas de Chapultepec, C.P. 11000

Mexico City

Attention: Alfonso de Angoitia Noriega

 

CCP:

 

Mijares, Angoitia, Cortés y Fuentes, S.C.

Javier Barros Sierra 540, 4th floor

Col. Santa Fe, Álvaro Obregón

C.P. 01210, Mexico City

Attention: Ricardo Maldonado Yáñez

rmaldonado@macf.com.mx

 

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BGM:

 

Paseo de la Reforma No. 760

Lomas de Chapultepec, C.P. 11000

Mexico City

Attn: Bernardo Gómez Martínez

 

CCP:

 

Mijares, Angoitia, Cortés y Fuentes, S.C.

Javier Barros Sierra 540, 4th floor

Col. Santa Fe, Álvaro Obregón

C.P. 01210, Mexico City

Attention: Ricardo Maldonado Yáñez

rmaldonado@macf.com.mx

 

The Parties shall communicate in writing, in terms of this Clause, any change to their addresses. As long as no change is communicated to them, all communication will take effect at the time of its delivery to the addresses indicated above.

 

ELEVENTH. Assignment

 

The Parties may not assign all or part of their rights and obligations derived from this Agreement in favor of any person, without the prior written consent of the other Parties, nor may they encumber, grant as a guarantee or affect in any way or under any form or under such rights.

 

TWELFTH. Expenses

 

The Parties agree that each of them will be responsible for the payment of the expenses, costs and taxes incurred as a result of the operations contemplated herein. The Parties further agree that such expenses may be deducted from the Purchase Price.

 

THIRTEENTH. Entire Agreements and Modifications

 

This Agreement constitutes the final and total agreement of the Parties with respect to the operation contemplated herein and nullifies any oral or written understandings previously adopted by the Parties in relation to said operation.

 

Any modification to the agreements contained in this Agreement must be made in writing and for its validity must be signed by each and every one of the Parties to this Agreement.

 

FOURTEENTH. Copies

 

This Agreement may be signed in copies, each of which shall be considered an original, but all of them, considered together, shall constitute one and the same document. Signed copies of this Agreement may be delivered by e-mail or other means of electronic transmission, and it will not be necessary to confirm the signature by delivery of the original signed documents.

 

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FIFTEENTH. Applicable Law and Jurisdiction

 

This Agreement, the rights and obligations of the Parties, and any claims or controversies related thereto, shall be governed by and construed in accordance with the laws of Mexico, without regard to any conflict of law rule or principle that would result in the application of any law other than the laws of Mexico. For the interpretation, compliance and enforceability of this Agreement, the Parties irrevocably submit to the jurisdiction of the competent courts of Mexico City and waive any other jurisdiction that by reason of their present or future domicile or for any other reason may correspond to them.

 

The parties being aware of the content and legal scope of this Agreement, sign it on January 5, 2026.

 

 

[Signature page follows]

 

7

 

 

Emilio Fernando Azcárraga Jean

 

/s/Emilio Fernando Azcárraga Jean

 

Control Trust

 

/s/Jesús Miguel Escudero Basurto

 

/s/Bernardo Aurioles Baigts

  

Alfonso de Angoitia Noriega

 

/s/Alfonso de Angoitia Noriega

 

Bernardo Gómez Martínez

 

/s/Bernardo Gómez Martínez

 

[Signature page to Agreement dated January 5, 2026]

 

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