The Board of Directors of Straits ("Board") wishes to announce that TMDEL, a 65.08%-owned subsidiary of Straits, and a company listed on the New York Stock Exchange American ("NYSE American"), proposes to undertake the redesignation and reclassification of the authorised and issued share capital comprising ordinary shares of TMDEL ("Ordinary Shares") into class A ordinary shares ("Class A Ordinary Share(s)") and class B ordinary shares ("Class B Ordinary Share(s)") ("Proposed Share Redesignation").

Please refer to the attachment for further details.

This announcement is dated 11 September 2026.