The Board of Directors of Sealink ("Board") had today (12 May 2026) received a proposal ("Proposal Letter") from Carimin on the proposed acquisition by Carimin of the entire equity interest in Sealink not already owned by Carimin, by way of a members' scheme of arrangement pursuant to Section 366 of the Companies Act, 2016 ("Proposed Scheme").

A copy of the Proposal Letter is attached with this announcement.

The Board will deliberate on the Proposed Scheme and decide on the next course of action. Accordingly, a further announcement will be made in due course.

This announcement is dated 12 May 2026.

Please refer attachment below.