Reference is made to the Company's earlier announcements dated 12 May 2026, 28 May 2026, 10 June 2026 and 24 June 2026 in relation to the Proposed Privatisation ("Earlier Announcements"). Unless otherwise stated, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.

On behalf of the Board, Malacca Securities wishes to announce that the Board of Directors of Sealink (save for Lim Yew Hoe and Lo Ling) had resolved not to table the Proposed Privatisation to the shareholders of Sealink other than Carimin for their consideration and approval, after taking into consideration the undertaking letter from one of the major shareholders of Sealink that he would vote against the Proposed Privatisation thereby rendering the court convened meeting futile, as his shareholdings exceeds 10% threshold of the votes attached to the disinterested shares of total voting shares of Sealink pursuant to Paragraph 2(f)(ii) of Schedule 3 under the Rules on Take-overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia and the advice of Sealink's Independent Adviser, which incorporates the indicative valuation of the vessels and properties of Sealink.

In view of the last day for the acceptance period for the Proposed Privatisation is 30 June 2026, the Proposed Privatisation is deemed to have lapsed.

This announcement is dated 30 June 2026.