Reference is made to the announcement dated 12th May 2026 in relation to the Proposed Scheme.
The Board of Directors of Sealink ("Board"), save for Lim Yew Hoe, who is an Executive Director of both Sealink and Carimin and is deemed interested in the Proposed Scheme, wishes to announce that on 29 May 2026, the Board has appointed Affin Hwang Investment Bank Berhad as Principal Adviser and NewParadigm Securities Sdn Bhd as Independent Adviser in relation to the Proposed Scheme. The Independent Adviser has been appointed to provide its comments, opinions, information and recommendations to the non-interested directors and shareholders of Sealink in accordance with Rule 3.06 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia ("SC").
Further to the Company's announcement dated 20 May 2026, the Board had formally requested from Carimin an extension of sixty (60) days from 26 May 2026 to allow sufficient time for the Board to deliberate on the Proposed Scheme and to reach an informed decision. The Board wishes to inform that Carimin, via its letter dated 22 May 2026, has agreed to grant a shorter extension of fourteen (14) days, thereby extending the acceptance period up to 9 June 2026.
In view of the foregoing and taking into consideration the scope of work required, the Board is currently unable to ascertain whether it will be in a position to revert to Carimin within the extended timeframe granted.
The Board will continue to deliberate on all aspects of the Proposed Scheme, taking into account the advice and recommendations of its appointed advisers, including the Independent Adviser's assessment, as well as other relevant considerations to ensure that the interests of the non-interested shareholders are duly safeguarded. The Board will also consider the appropriate course of action and the expected timeline for the relevant workstreams arising from the Proposed Scheme.
Further announcements will be made as and when there are material developments, in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
This announcement is dated 29 May 2026.