BANL · CBL International Limited

CBL International Limited, through its wholly-owned subsidiary Banle Investment Holdings Limited (BVI Company No. 2200442), has entered into a Share Sale and Purchase Agreement dated April 22, 2026, with Financent (HK) Limited to acquire 25,250 ordinary shares representing 50.5% of Green Marine Energy Holdings Limited (BVI Company No. 2116321). The total purchase consideration is USD 4,810,000, structured in installments including a First Instalment on the Unconditional Date, with subsequent Second, Third, and Fourth Instalments, and Consideration Shares issued by BANL. The agreement is conditional on fulfilling Conditions Precedent in Clause 4.1, upon which signing, payment, completion, and transfer of beneficial ownership occur simultaneously. CBL provides a corporate guarantee for its subsidiary's obligations. GMH's business focuses on investment holdings in sustainable fuel-related logistic services, specifically feedstock trading for sustainable aviation fuel (SAF) and biofuels, and bunkering services including biofuels in Malaysian waters, supported by necessary licenses and networks. This acquisition positions CBL to leverage its marine fuel logistics expertise for GMH's growth in Malaysia's expanding sustainable fuel infrastructure, including at Port Klang, aligning with global ESG trends and maritime decarbonization without shifting focus from core bunkering facilitation.