We refer to the announcements dated 12 May 2026, 20 May 2026 and 29 May 2026 in relation to the Proposed Scheme. The Board of Directors of Sealink ("Board") wishes to provide the following additional information for public release:
1. Clarification on the Date of Receipt of Carimin's Letter Dated 22 May 2026
The Board wishes to clarify that Carimin's letter dated 22 May 2026 was received by Sealink on 22 May 2026. No immediate announcement was made upon receipt of the said letter as, at the material time, the Company was in the process of appointing its advisers to advise on, among others, the appropriate process, regulatory requirements, timing considerations and steps required in respect of the Proposed Scheme. The Board was also required to obtain professional advice on the implications of the extended period granted by Carimin up to 9 June 2026, including whether the matter could be properly evaluated within the said timeframe having regard to the necessary internal deliberations, advisers' input and regulatory considerations. At the time of receipt of Carimin's letter, the Board was not yet in a position to make a sufficiently informed announcement on the Company's position in respect of the matters set out therein, as the relevant facts, process and timing implications had yet to be assessed with the assistance of the Company's advisers. The Company's advisers were subsequently appointed on 29 May 2026, following which the Company was in a position to make the necessary announcement. The Board was mindful that any announcement issued by the Company should be clear, factual, accurate, complete and not misleading to shareholders and the investing public. Accordingly, the Board was of the view that an immediate announcement at that juncture, without the benefit of advisers' input and sufficient clarity on the relevant process and timing implications, may not have provided meaningful information to shareholders and the investing public. The Board further notes that Carimin had announced the issuance of its letter dated 22 May 2026 on 28 May 2026, and Sealink thereafter made its announcement on 29 May 2026, immediately upon the appointment of its advisers.
2. Clarification on the Board's Position on Providing a View on the Proposed Scheme by 9 June 2026
The Board wishes to clarify that it is not expected to be in a position to provide a view or recommendation on whether to proceed with the Proposed Scheme by the end of the extended period granted by Carimin, being 9 June 2026. The Proposed Scheme involves substantive considerations and requires proper evaluation by the Board with the benefit of formal advice and recommendations from its advisers. The Independent Adviser is currently evaluating the terms of the Proposed Scheme, and the Board will need to review and consider such advice, recommendations and the associated implications before determining its position. The Board is mindful of its duties to act in the best interests of the Company and to ensure that the interests of shareholders are appropriately safeguarded.
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 and shareholders are advised to exercise caution when dealing in the shares of the Company.
This announcement is dated 8 June 2026.