The Board of Directors of SEM wishes to announce that the Company proposes to seek shareholders' approval for the proposed renewal of and new shareholders' mandate for recurrent related party transactions of a revenue or trading nature and proposed renewal of authority for the Company to purchase its own shares ("proposals") at the forthcoming Thirteenth Annual General Meeting of the Company to be convened at a date which will be announced later.

The Circular/Statement to Shareholders of the Company setting out the details of the above proposals will be issued to the shareholders of the Company in due course.

This announcement is dated 17 April 2026.