OpenRoad Auto named one of Canada's Best Managed Companies for 14th year in a row. Richmond, B.C., May 14, 2026 - For the 14th year running, OpenRoad Auto (OpenRoad), one of Canada's largest automotive dealership groups, has been recognized for its industry-leading performance, innovative business practices, and sustained growth with the prestigious 2026 Canada's Best Managed Companies award. OpenRoad once again retained its Platinum Club status, an exclusive designation for businesses that have achieved Best Managed status for seven years or more. Celebrating over 30 years, the Canada's Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50 million or greater. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture and commitment, capabilities, and innovation, governance and financial performance. 2025 was a high-impact year for OpenRoad. To commemorate a quarter century in business, OpenRoad launched the Road to 25: Community Event Series, which reflected the company's commitment to community engagement by inviting small businesses and local organizations to host special events in their showrooms. This past November, OpenRoad added nine NewRoads dealerships to its existing Ontario operations. "We are proud to once again be named as one of Canada's Best Managed Companies," said Christian Chia, CEO of OpenRoad Auto. "In addition to celebrating 25 years in 2025, we have also furthered OpenRoad Auto's reach in Canada, especially in the Ontario region, with the addition of several NewRoads dealerships. We also launched a new vertical within our company with OpenShine - providing Canadians with new and accessible car wash options." As part of its philanthropic arm, OpenRoad Foundation launched its 25 in 25 grant campaign, where $625,000 was awarded to 25 non-profit organizations across Metro Vancouver and Greater Toronto, alongside ongoing associate volunteerism and community initiatives throughout the year. OpenRoad currently owns and operates 44 locations in B.C. and Ontario, including 37 automotive retailers and seven collision repair centres. The OpenRoad family includes more than 2,500 employees and 23 quality automotive brands including Acura, Honda, Toyota, Lexus, Audi, BMW, Rolls-Royce, Porsche, Mercedes-Benz, Jaguar, Land Rover, Volkswagen, MINI, Subaru, Mazda, Cadillac, Chevrolet, Buick, GMC, Chrysler, Dodge, Jeep, and RAM. "For over 30 years, the Best Managed program recognizes companies who see challenges as checkpoints and obstacles as opportunities," said Derrick Dempster, Partner, Deloitte Private and Canada's Best Managed Co-Leader. "This year's winners, including OpenRoad Auto, have combined strategic expertise and a culture of innovation to not only drive impactful business outcomes, but serve their communities as well. They should be extremely proud of this designation and use it as a catalyst to continue the work they do every day." Canada's Best Managed Companies is one of the country's leading business awards programs recognizing innovative and world-class businesses. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent evaluation process. Applicants are evaluated by an independent panel of judges with representation from program sponsors and special guests. The 2026 cohort of Best Managed Companies shares common themes, including fostering a people-centric culture, implementing a strategic company framework, investing in innovation and technological advancement, and maintaining financial resilience and strong corporate governance. For more information about Canada's Best Managed Companies, please visit bestmanagedcompanies.ca. For more information about OpenRoad Auto, please visit openroadauto.com. ABOUT CANADA'S BEST MANAGED COMPANIES PROGRAM Canada's Best Managed Companies program continues to be the mark of excellence for privately-owned Canadian companies. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada's Best Managed Companies new winner, one of the new winners selected each year; 2) Canada's Best Managed Companies winner, award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review; 3) Gold Standard winner, after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years; 4) Platinum Club member, winners that have maintained their Best Managed status for seven years or more. Program sponsors are Deloitte Private, CIBC, Norton Rose Fulbright, EDC, The Globe and Mail, and TMX Group. For more information, visit www.bestmanagedcompanies.ca. ABOUT OPENROAD AUTO Founded in 2000, OpenRoad Auto is B.C.'s largest automotive dealership group, employing over 2,500 associates and representing 23 leading brands across 44 full-service locations, including 37 dealerships in B.C. and Ontario and seven collision centres. Offering sales and service in multiple languages, OpenRoad delivers an experiential, people-first approach to automotive retail - building trust and creating better journeys for every guest. Guided by its vision to "drive possibilities" for all communities, OpenRoad is dedicated to redefining the automotive experience. The company offers free memberships through its Club OpenRoad loyalty program and, in 2023, launched the OpenRoad Foundation to advance its philanthropic efforts. OpenRoad is proud to be recognized among Canada's Best Managed Companies, a CADA Laureate, and a recipient of multiple Canadian Best Employer Awards. Openroadauto.com Instagram: @openroadca | Facebook: OpenRoadCA | YouTube: openroadautogroup Press images available via Dropbox Media Contact: Sophia Cheng OpenRoad Auto [email protected] 604-828-3102

OpenRoad Auto joins forces with NewRoads Automotive Group. OpenRoad Auto joins forces with NewRoads Automotive Group in strategic merger. Newmarket, ON, November 5, 2025 - OpenRoad Auto (OpenRoad), one of Canada's largest automotive dealership groups, has become the majority shareholder in NewRoads Automotive Group (NewRoads), an established Ontario dealership group with deep community roots. Michael Croxon, previously President and CEO of NewRoads, will continue to play an active role and assume the position of President of OpenRoad Auto Ontario. This exciting news brings together eight NewRoads dealerships with OpenRoad's four existing Ontario operations - OpenRoad Honda Brampton, Brampton East Toyota, ToyotaTown London, and Lexus of London - forming OpenRoad Auto Ontario, a combined network of 12 retail locations across Ontario. "NewRoads has built an outstanding reputation in Ontario's York region and beyond, with a culture of service and community values that align with ours at OpenRoad," explains Christian Chia, CEO of OpenRoad Auto. "By combining our operations, we are strengthening our presence in Ontario and enhancing our ability to serve customers across multiple brands, including Toyota, Mazda, Honda, and Subaru - brands that are core to OpenRoad - and iconic brands from General Motors of Canada and Stellantis that are new to our group. We are excited to welcome Michael and the entire NewRoads team into the OpenRoad family." OpenRoad also looks forward to welcoming more than 460 existing NewRoads associates to OpenRoad Auto, further expanding the group's Ontario team. Founded in 1968, NewRoads Automotive Group has consistently been recognized as a leader and employer of choice in the Canadian retail automotive industry. Its long-standing commitment to customer care and community engagement mirrors many of OpenRoad's own mission and values. "In the past few years, I have been approached by many of Canada's largest auto groups, but ultimately, I wanted to ensure we work with a partner that shares the same values that we do, and that partner is Christian Chia and the OpenRoad Auto team," says Croxon. "This is an opportunity for me to keep working in the industry that I love while also ensuring the long-term future of NewRoads is in the best possible hands. I look forward to working with OpenRoad and continuing to build upon the strong and trusted foundation we have established here in Ontario." This transaction was funded by a syndicate of banks led by BMO and included Scotiabank, CIBC and Desjardins as OpenRoad Auto's strategic financing partners. The deal was facilitated by Samir Akhavan of dealership brokerage, Templeton Marsh. OpenRoad Auto now operates 44 locations across Canada, including 37 dealerships (representing 25 automotive brands), seven collision centres, and a growing presence in the Ontario market. For more information about OpenRoad Auto, please visit openroadauto.com. Founded in 2000, OpenRoad Auto is B.C.'s largest automotive dealership group, employing over 2,500 associates and representing 25 leading brands across 44 full-service locations, including 37 dealerships in B.C. and Ontario and seven collision centres. Offering sales and service in multiple languages, OpenRoad delivers an experiential, people-first approach to automotive retail - building trust and creating better journeys for every guest. Guided by its vision to "drive possibilities" for all communities, OpenRoad is dedicated to redefining the automotive experience. The company offers free memberships through its Club OpenRoad loyalty program and, in 2023, launched the OpenRoad Foundation to advance its philanthropic efforts. OpenRoad is proud to be recognized among Canada's Best Managed Companies, a CADA Laureate, and a recipient of multiple Canadian Best Employer Awards. About NewRoads Automotive Group Founded in 1968, NewRoads Automotive Group ("NewRoads") is a multi-dealership automotive retailer headquartered in the York Region, Ontario. NewRoads operates a network of dealerships representing eleven major automotive brands across the Greater Toronto Area and provides financing through NewRoads Financial, supported by comprehensive after-sales services including servicing, parts, and body shop operations. Media Contact: Sophia Cheng, OpenRoad Auto [email protected] 604-828-3102