The Board of Directors of LFG wishes to announce that Kangsar Corporation Pte. Ltd., an indirect wholly-owned subsidiary of LFG had on 19 August 2025 entered into a Memorandum of Agreement for the acquisition of a vessel, MV Moana BAQ for cash consideration of USD13.25 million (approximately RM55.95 million based on Bank Negara Malaysia’s USD/MYR exchange rate as at 5:00 p.m. on 19 August 2025, being the latest practicable date prior to this announcement) from LT Princess Shipping Co. Limited.

Please refer to the attachment for further details.

This announcement is dated 20 August 2025.