The Board of Directors of AGX ("Board") wishes to announce that All-Link Singapore, an associate of AGX Logistics (S) Pte. Ltd. ("AGX Singapore"), which is a wholly-owned subsidiary of AGX, has on 30 April 2026 submitted its application of a corporate exercise to the Singapore Exchange Securities Trading Limited ("SGX-ST") ("Corporate Exercise").

The Corporate Exercise will constitute a deemed disposal by the Company arising from the dilution of AGX's effective equity interest in All-Link Singapore from 30.0% to approximately 23.20%  ("Proposed Disposal of All-Link Singapore").

As an integral part of the Corporate Exercise undertaken by All-Link Singapore, AGX Express Phils. Inc. ("AGX Philippines"), a 99.99% owned subsidiary of AGX had, on 3 March 2026, dispose of its direct equity interest of 29.99% in All-Link Philippines to All-Link Singapore, pursuant to the corporate reorganisation undertaken in connection with the Corporate Exercise ("Corporate Reorganisation Exercise") ("Proposed Disposal of All-Link Philippines").

The Proposed Disposal of All-Link Singapore and the Proposed Disposal of All-Link Philippines are collectively referred to as the "Proposed Disposals".

Further details of the Proposed Listing are set out in the attachment. 

This announcement is dated 4 May 2026.