Reference is made to the Company's announcement dated 18 June 2025 in relation to the signing of Memorandum of Agreement ("MOA") between TMD Energy Limited ("TMDEL") and Double Corporate Sdn Bhd ("Double Corporate") to collaborate and participate in the bioenergy sustainable fuel solutions for Malaysia and global market ("Proposal") ("Announcement").

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the Announcement.

The Board of Directors ("Board") of Straits wishes to announce that TMDEL and Double Corporate had on 8 June 2026, mutually agreed to extend the term of the MOA for a further period of two (2) years from the current expiry date, up to 17 June 2028 ("Extended Expiry Date").

The extension is to allow the Parties to have additional time to continue discussions, negotiations, and evaluation of the Proposal, with a view towards progressing the Proposal and the potential execution of definitive agreements.

All other terms and conditions of the MOA shall remain unchanged and shall continue to be valid and in full force and effect until the Extended Expiry Date.

This announcement is dated 8 June 2026