Bintulu Port Holdings Berhad ("BPHB" or "the Company") wishes to announce that pursuant to the Cheque Handover Ceremony following the Change of Status of Bintulu Port from Federal Port to State Port held on 21 June 2026, the Federal Government of Malaysia, the State Government of Sarawak and Bintulu Port Sdn. Bhd. ("BPSB"), a wholly owned subsidiary of BPHB, have entered into a Tripartite Agreement which was witnessed by The Right Honourable Dato' Seri Anwar bin Ibrahim, Prime Minister of Malaysia and The Right Honourable Datuk Patinggi Tan Sri (Dr.) Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg, Premier of Sarawak. The occasion marks an important milestone in the transition of Bintulu Port to the status of State Port.

The Tripartite Agreement is intended to release and discharge the Federal Government from any claims and obligations from the Government of Sarawak and BPSB that may have arisen from or in connection with the Privatisation Agreement dated 31 December 1992 duly entered between the Federal Government of Malaysia, Bintulu Port Authority and BPSB.

For clarity, BPSB will continue to operate Bintulu Port as the Sarawak Government has decided that BPSB will be the approved Port Operator when Bintulu Port becomes a State Port. BPSB is expected to sign an agreement with the relevant State authority to operate, manage and develop Bintulu Port.

Therefore, the transition of Bintulu Port to a State Port under the jurisdiction of the Sarawak Government, as well as the signing of the Tripartite Agreement has no effect on the day-to-day operations of the Port, the continuity of services to customers as well as the existing rights and obligations of BPSB under its operating arrangements. Further, there ought not to be any material effect on the earnings, net assets, share capital or shareholdings of the substantial shareholders' of BPHB for the financial year ending 31 December 2026.

BPHB will continue to work closely with the relevant authorities to support a smooth transition and to ensure that port operations remain stable, efficient and uninterrupted.
 

This announcement is dated 23 June 2026.