OTHER INFORMATION Dealing In Securities The Company provides guidance to its directors and other officers with regard to dealings by the Company and its directors and other officers in its securities. The Company advises its directors and other officers not to deal in the Company’s securities on short-term considerations or when they are in possession of unpublished price-sensitive information. The Company prohibits dealings in its securities by its directors and other officers during the period commencing two weeks before the announcement of the Company’s first and third quarter business updates and one month before the announcement of the Company’s half-year and full-year financial statements, and ending on the date of the announcement of the result. Interested Person Transactions The Company has established procedures to ensure that all transactions with interested persons are reviewed and/or approved by the Audit and Risk Committee, and that the transactions are carried out on normal commercial terms and will not be prejudicial to the interests of the Company and its minority shareholders. The aggregate value of interested person transactions entered into by the Group in 2025 is as follow: Material Contracts There were no material contracts of the Group involving the interests of its chief executive officer, each director or controlling shareholder, either still subsisting at the end of 2025 or if not then subsisting, entered into since the end of the previous financial year. Use of Proceeds As stated in the SGXNet announcement of the Company’s half-year financial statements on 13 August 2025, the Group’s US$10 million investment proceeds raised in 2024 for working capital purposes has been fully utilised to satisfy payments to contractors for coal mining and hauling services. Such use of proceeds is in accordance with the stated use and the percentage allocated in the SGXNet announcement of the Company on 7 February 2024. Separately, as announced on 16 March 2026, the Company has completed the placement of 35,000,000 new ordinary shares in the capital of the Company at a placement price of S$0.425 per share. As at the date of this Annual Report, the Company has not used any of the net proceeds from that placement of shares. The Company will make periodic announcement(s) on the use of the net proceeds as and when such proceeds are materially disbursed. The Company will provide a status report on the use of the net proceeds in the Group’s half-year and full-year consolidated financial statements and the Company’s annual report(s). Name of interested person Nature of relationship Aggregate value of all interested person transactions in 2025 (excluding transactions less than S$100,000 and transactions conducted under a shareholders’ mandate pursuant to Rule 920 of the SGX-ST Listing Manual) Aggregate value of all interested person transactions conducted under a shareholders’ mandate pursuant to Rule 920 of the SGX-ST Listing Manual (excluding transactions less than S$100,000) Charles Antonny Melati (“CAM”) PT Libra Melati Investment (“LMI”) CAM is a Director, the Group Executive Chairman and Chief Executive Officer and a substantial shareholder of the Company. CAM and LMI (in which CAM’s immediate family members own 100% equity interest) concurrently sold all their shares in PT Trans Maritim Pratama and PT Bahari Segara Maritim respectively to an indirect wholly-owned subsidiary of the Company in 2025. Further details of the aforesaid transactions are set out in the Company’s SGXNet announcement of 27 August 2025 and circular to shareholders dated 4 November 2025. US$83.3 million (approximately S$106.7 million based on an exchange rate of US$1.00 : S$1.28) Not applicable 118
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