The Board of Directors of Orkim is pleased to announce that Orkim Wisdom Sdn Bhd, a wholly-owned subsidiary of the Company, had on 30 March 2026 entered into a Memorandum of Agreement ("MOA") with Wealth Sail Shipping Pte. Ltd. for the proposed acquisition of an IMO type II tanker named Rich Sunda, for a total purchase consideration of USD24.2 million (or equivalent to approximately RM97.0 million), subject to the terms and conditions of the MOA. 

Please refer to the attached for the full details of the announcement. 

This announcement is dated 30 March 2026.