Reference is made to the announcements dated 12 May 2026, 20 May 2026, 29 May 2026, 8 June 2026, 9 June 2026, 10 June 2026 and 24 June 2026 in relation to the Proposed Scheme ("Announcements"). Unless otherwise defined, the abbreviations and definitions used in the previous Announcements in relation to the Proposed Scheme shall apply herein.

On behalf of the Board, Affin Hwang Investment Bank Berhad wishes to announce that the Board (save for Lim Yew Hoe and Lo Ling) has deliberated on the contents of the Proposal Letter. After taking into consideration the undertaking letter from one of the major shareholders of Sealink that he would vote against the Proposed Scheme thereby rendering the court convened meeting futile, as his shareholdings exceeds 10% threshold of the votes attached to the disinterested shares of total voting shares of Sealink pursuant to Paragraph 2(f)(ii) of Schedule 3 under the Rules on Take-overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia and the advice of the Independent Adviser, which incorporates the indicative valuation of the vessels and properties of Sealink, the Board has resolved not to table the Proposed Scheme to the Scheme Shareholders for their consideration and approval.

In view of the last day for the acceptance period for the Proposed Scheme is 30 June 2026, hence the Proposed Scheme is deemed to have lapsed.

This announcement is dated 30 June 2026.