Link: https://links.sgx.com/1.0.0/corporate-announcements/Q6YPHJDX94S3TL8B/1a083054ebd8244b4ebeea18be428e0b45573a5f42e0ddf32c4a90bc9730faac

Summary:

• Transaction: Entered into a Memorandum of Agreement (MOA) to acquire a second-hand container vessel (capacity: 2,684 TEUs) from an unrelated third party.

• Purchase Consideration: Approximately US$50.36 million.

• Funding: To be financed via a combination of internal resources and bank borrowings.

• Delivery: Vessel expected to be delivered in the 4th quarter of 2025.

• Impact: Acquisition is in the ordinary course of business; not considered a notifiable transaction under SGX rules. It is not expected to have any material impact on the Group’s net tangible assets or earnings per share for the current financial year.

• Interests: No director or controlling shareholder has any direct or indirect interest in this transaction.

• Announcement date: 2 September 2025.