# EDGAR Filing Document

**Accession Number:** 0001914805
**File Stem:** 0001493152-26-018449
**Filing Date:** 2026-4
**Character Count:** 111350
**Document Hash:** 75f24563ce0bdb3b965d8afcac428421
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-018449.hdr.sgml**: 20260422

**ACCESSION NUMBER**: 0001493152-26-018449

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260422

**FILED AS OF DATE**: 20260422

**DATE AS OF CHANGE**: 20260422

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CBL International Ltd
- **CENTRAL INDEX KEY:** 0001914805
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41657
- **FILM NUMBER:** 26881313

**BUSINESS ADDRESS:**
- **STREET 1:** LEVEL 23-2, MENARA PERMATA SAPURA
- **STREET 2:** KUALA LUMPUR CITY CENTRE 50088
- **CITY:** KUALA LUMPUR
- **STATE:** N8
- **ZIP:** 0000
- **BUSINESS PHONE:** 603 2706 8280

**MAIL ADDRESS:**
- **STREET 1:** LEVEL 23-2, MENARA PERMATA SAPURA
- **STREET 2:** KUALA LUMPUR CITY CENTRE 50088
- **CITY:** KUALA LUMPUR
- **STATE:** N8
- **ZIP:** 0000

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

For the month of April 2026

Commission File Number: 001-41657

**CBL INTERNATIONAL LIMITED**

**(Registrant's Name)**

**Level 23-2, Menara Permata Sapura<br> Kuala Lumpur City Centre<br> 50088 Kuala Lumpur<br> Malaysia<br> (Address of Principal Executive Offices)**

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ☐ No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ☐ No ☒

*Exhibits.*

---

| | |
|:---|:---|
| **Number** | **Description** |
| 10.1 | [Share Sale and Purchase Agreement dated as of April 22, 2026 by and between FINANCENT (HK) LIMITED and BANLE INVESTMENT HOLDINGS LIMITED.](ex10-1.htm) |
| 99.1 | <u>[CBL International Limited Acquires Majority Stake in Green Marine Energy Holdings Limited.](ex99-1.htm)</u> |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | CBL International Limited | CBL International Limited |
|  | By: | */s/ Teck Lim Chia* |
|  | Name: | Teck Lim Chia |
| Date: April 22, 2026 | Title: | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**Dated the 22nd day of April 2026**

**BETWEEN** 

**FINANCENT (HK) LIMITED**

**(Hong Kong Company No. 2219054)**

**AND**

**BANLE INVESTMENT HOLDINGS LIMITED**

**(BVI Company No. 2200442)**

**SHARE SALE AND PURCHASE AGREEMENT**

in relation to the sale and purchase of shares in

**GREEN MARINE ENERGY HOLDINGS LIMITED**

**(BVI Company No.: 2116321)**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| **1A** | **SIGNING CONDITIONS** | 1 |
| 1 | DEFINITIONS | **2** |
| 2 | SALE AND PURCHASE | **7** |
| 3 | PURCHASE CONSIDERATION | **8** |
| 4 | CONDITIONS PRECEDENT | **9** |
| 5 | PRE-COMPLETION | **10** |
| 6 | COMPLETION | **12** |
| 7 | COVENANTS, REPRESENTATIONS AND WARRANTIES | **15** |
| 8A | PERFORMANCE GUARANTEE | **17** |
| **8** | **INDEMNITY** | **18** |
| 9 | CONFIDENTIALITY | **19** |
| 10 | NOTICES | **20** |
| 11 | GENERAL | **20** |
| FIRST SCHEDULE | FIRST SCHEDULE | **24** |
| SECOND SCHEDULE | SECOND SCHEDULE | **26** |
| THIRD SCHEDULE | THIRD SCHEDULE | **27** |
| **FOURTH SCHEDULE** | **FOURTH SCHEDULE** | **42** |
| FIFTH SCHEDULE | FIFTH SCHEDULE | **43** |

---

i

**THIS AGREEMENT** is made on the 22nd day of April 2026

**BETWEEN**

**FINANCENT (HK) LIMITED** (Hong Kong Company No.: 2219054), a company limited by shares incorporated under the Hong Kong Companies Ordinance and having its address at (hereinafter referred to as "**Vendor**");

**AND**

**BANLE INVESTMENT HOLDINGS LIMITED** (BVI Company No.: 2200442), a company limited by shares incorporated under the BVI Companies Act 2004 and having its address at (hereinafter referred to as "**Purchaser**").

**RECITALS**

A. **GREEN MARINE ENERGY HOLDINGS LIMITED** (Registration No.: 2116321) is
 a private limited company incorporated under the BVI Companies Act 2004 and having its registered address at (hereinafter
 referred to as the "**Company** ").

B. The
 Company is principally involved in the business of investment holdings in a sustainable fuel related logistic service provider.

C. The
 Company has a total issued and fully paid-up share capital of USD fifty thousand (USD 50,000) comprising fifty thousand (50,000)
 ordinary shares, of which the Vendor is or is deemed to be the registered and beneficial owner.

D. The
 Vendor has the right to sell and has agreed to sell to the Purchaser and the Purchaser has agreed to purchase the twenty five thousand
 two hundred and fifty (25,250) ordinary shares of the Company held by the Vendor free from Encumbrances (as defined below)
 and with all rights, titles, benefits and advantages now or hereafter attaching thereto, including all bonuses, rights, dividends
 and distributions declared made and paid as from the date hereof ()"**Sale Shares**") for the Purchase Consideration
 (as defined below) and upon the terms and subject to the conditions as set out in this Agreement.

E. The
 Purchaser hereby agrees to acquire, and the Vendor hereby agrees to sell, the Sale Shares (as defined hereafter) on the terms and
 conditions set out in this Agreement.

**NOW THE PARTIES HEREBY AGREE THE FOLLOWING:**

---

| | |
|:---|:---|
| **1A** | **SIGNING CONDITIONS** |

---

This Agreement shall not be executed or become binding until the date on which all Conditions Precedent in Clause 4.1 have been fulfilled or waived in accordance with Clause 4.2 (the "**Unconditional Date**"). On the Unconditional Date, the Parties shall simultaneously execute this Agreement, the Purchaser shall pay the First Instalment, Completion shall occur, and beneficial ownership of the Sale Shares shall pass to the Purchaser.

---

| | |
|:---|:---|
| **1** | **DEFINITIONS** |
| **1.1** | In addition to the terms and expressions hereinbefore defined, in this Agreement unless the context otherwise requires, the following expressions shall have the following meanings: |

---

---

| | |
|:---|:---|
| "**Accounts**" | means all or any of the audited balance sheet, audited profit and loss account and cash flow statement of the Company, together with the notes and directors' report and auditors' report and all other documents or statements annexed thereto or incorporated therein; |
| **"Accounting Date"** | means 31 December 2025; |
| **"Accounting Standards"** | means the accounting standards, principles, policies, procedures and practices (including consistent classifications, judgments, valuation and estimation techniques) which shall constitute: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Malaysian Financial Reporting Standards (MFRS) as in effect from time to time; and

(b) the
 accounting standards, principles, policies, procedures and practices (with consistent classifications, judgments, valuation and estimation
 techniques) adopted in the preparation of the Company's latest audited financial statements for the year ended 31 December
 2025.

---

| | |
|:---|:---|
|  | provided that in the event of any conflict or inconsistency among (a) and (b), (a) shall prevail over (b). |
| **"Agreement Date"** | has the meaning given to it in Clause 3.1(a); |
| "**Assets**" | means any or all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible and wherever situated), including the goodwill related thereto, owned or leased by the Company Group; |
| **"Audited Accounts"** | means the audited financial statements (comprising a balance sheet, profit and loss account, cash flow statement, the notes and all other documents annexed thereto) of the Company for the financial period ending on 31 December 2025; |

---

---

| | |
|:---|:---|
| **"BANL"** | means CBL International Limited, a company incorporated in the Cayman Islands, the shares of which are listed on NASDAQ (NASDAQ: BANL); |
| "**Business Day**" | means any day from Monday to Friday except a day which is a public holiday in the Federal Territory of Kuala Lumpur and the State of Selangor Darul Ehsan; |
| "**Company Group"** | means the Company and its Subsidiaries, collectively, as set out under the Fourth Schedule; |
| "**Completion**" **or** "**Completion Date**" | means the completion of the sale and purchase of the Sale Shares pursuant to Clause 6 of this Agreement; |
| "**Consideration Shares**" | means the new class B ordinary shares of par value of US$0.0001 to be allotted and issued by BANL pursuant to Clause 3.2.1; |
| "**Conditions Precedent**" | means the matters, acts, or transactions set out in Clause 4.1; |
| "**Deferred Consideration**" | has the meaning given to it in Clause 6.4; |
| "**Encumbrances**" | means any form of legal or equitable interest of any person (including without prejudice to the generality of the foregoing, any right to acquire, option or right of pre-emption, right of first refusal) or any claim, mortgage, charge, lien, option, equity, power of sale, pledge, assignment, hypothecation, title retention or any other encumbrances, third party right, security interest, agreement or arrangement or other liabilities or an agreement, arrangement or obligation to create any of the foregoing; |
| "**First Instalment**" | has the meaning given to it in Clause 3.1(a); |
| "**Fourth Instalment**" | has the meaning given to it in Clause 3.1(d); |
| "**Licences**" | means licences, consents, authorisations, orders, warrants, confirmations, permissions, certificates, approvals, registrations and authorities as required by law, for the operation of the business of the Company Group; |
| "**Losses**" | means all reasonably foreseeable losses, damages, interests, penalties costs, claims, demands, expenses (including legal fees and expenses reasonably incurred) and other liabilities incurred, excluding any consequential or indirect losses; |

---

---

| | |
|:---|:---|
| "**Management Accounts**" | means the unaudited management accounts relating to the Company and/or its subsidiaries drawn up to 31 December, 2025; |
| "**Material Adverse Change**" | means any circumstance, development or event that has or is likely to have a Material Adverse Effect; |
| "**Material Adverse Effect**" | means any change, effect, event, occurrence, state of facts, or development that, individually or in the aggregate, has had or would reasonably be expected to have a material adverse effect on the business, financial condition, or results of operations of the Company, excluding only those effects resulting from: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) changes in general economic, financial, market, political, or industry conditions;

(ii) changes in applicable laws, regulations, or accounting standards, but only to the extent that such changes do not disproportionately affect the Company compared to other similarly situated companies in the industry;

(iii) any natural disasters, pandemics, or other force majeure events; or

(iv) any act, omission, or event carried out with either the written consent or pursuant to any verbal approval or instruction by the Purchaser relating to the relevant matter.

---

| | |
|:---|:---|
|  | For the purposes of this definition, a "material adverse effect" shall be deemed to have occurred if there is a diminution of more than USD 200,000 of the Company's net tangible asset reflected in the most recent management accounts of the Company as at the occurrence of the Material Adverse Change; |
| "**Purchase Consideration**" | means a sum of USD four million eight hundred and ten thousand (USD 4,810,000) only; |

---

---

| | |
|:---|:---|
| "**Purchaser's Solicitors**" | means Messrs Chooi & Company of Level 5, Menara BRDB, 285, Jalan Maarof, Bukit Bandaraya, 59000 Kuala Lumpur; |
| "**Relevant Authorities**" | means authorities which have competent jurisdictions in the British Virgin Islands including: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any government whether federal, state, provincial, territorial or local;

(b) any minister, department, office, commission, delegate, instrumentality, agency, board, authority or organisation;

(c) any quasi or non-government regulatory authority;

(d) any provider of public utility services, whether or not government owned or controlled; and

(e) any court in any jurisdiction,

---

| | |
|:---|:---|
|  | and "**Relevant Authority**" means any of the foregoing; |
| "**Sale Shares**" | means the twenty five thousand two hundred and fifty (25250) ordinary shares in the Company, representing 50.5% of the entire issued and paid-up share capital of the Company; |
| "**Second Instalment**" | has the meaning given to it in Clause 3.1(b); |
| "**Settlement Date**" | has the meaning given to it in Clause 3.2.2; |
| "**Stamp Duty Documents**" | means: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 copy of the Accounts, certified as a true copy by a director or the company secretary of the Company;

(b) a
 copy of the latest form of annual return filed by the Company with the, certified as a true copy by the company secretary of the
 Company;

(c) a
 copy of the latest return of allotment filed by the Company with the British Virgin Islands Financial Service Commission, certified
 as a true copy by the company secretary of the Company; and

(d) such
 other documents as may be prescribed from time to time by the International Tax Authority for the purpose of assessing the stamp
 duty payable on a transfer of shares;

---

| | |
|:---|:---|
| **"Taxation" or "Tax"** | means all forms of taxation whether direct or indirect and whether levied by reference to income, profits, gains, net wealth, asset values, turnover, added value or other reference and statutory, governmental, state and federal impositions, duties including stamp duties, SST, income tax, real property gains tax, withholding tax, contributions, rates and levies (including social security contributions and any other payroll taxes), whenever and wherever imposed (whether imposed by way of a withholding or deduction for or on account of tax or otherwise) and in respect of any person and all penalties, charges, costs and interest relating thereto; |
| "**Tax Authority**" | means any taxing or other authority competent to impose any liability in respect of Taxation or responsible for the administration and/or collection of Taxation or enforcement of any law in relation to Taxation; |
| "**Third Instalment**" | has the meaning given to it in Clause 3.1(c); |
| "**Transfer Completion**" | means the date on which legal beneficial title to the Sale Shares is transferred from the Vendor to the Purchaser and the Purchaser is duly registered as the legal and beneficial holder of the Sale Shares in the register of members of the Target. |
| "**Unconditional Date**" | has the meaning given to it in Clause 1A; |
| "**Vendors' Warranties**" | means the Vendors' covenants, undertakings, representations and warranties in Clause 7.1, 7.2 and the Third Schedule, and "**Vendors' Warranty**" means any one of them. |

---

**1.2** **Interpretation** 

In this Agreement, unless expressed or implied to the contrary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) words
 denoting one gender include all other genders;

(b) words
 denoting the singular include the plural and vice versa;

(c) a
 reference to "this Agreement" is a reference to this agreement entered into by the parties first named above and to all
 schedules to this agreement;

(d) a
 reference to "Recitals", "Clause", "Sub-clause" or "Schedule" is a reference to the
 relevant recitals, clause, sub-clause or schedule respectively of this Agreement;

(e) a
 reference to "Party" or "Parties" is a reference to the party or parties to this Agreement and as amended
 from time to time in accordance with the terms of this Agreement;

(f) a
 reference to "day", "week", "month" or "year" is to a calendar day, calendar week,
 calendar month or calendar year respectively in the Gregorian calendar, and a reference to "week", "month"
 or "year" means a period of time extending from one date to a corresponding date in the next calendar week, month or
 year, respectively;

(g) a
 reference to a statute, a provision of a statute or regulation includes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that
 statute, provision to the statute or regulation as amended, consolidated or re-enacted from time to time;

(b) any
 past statute or statutory provision (as from time to time amended, consolidated or re-enacted) which that statute or provision has
 directly or indirectly replaced; and

(c) any
 subsidiary or subordinate legislation made from time to time under that statute or statutory provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) if
 any period of time is specified from a given date, or the date of a given act or event, the period begins immediately after that
 date;

(i) if
 the time stated or limited for performance of an obligation in this Agreement falls on a day which is not a Business Day then that
 time stated or limited for performance is deemed to fall on a Business Day immediately following that first-mentioned day;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) unless
 a contrary indication appears, the term "include", "includes" or "including" as used in this
 Agreement shall be deemed to be followed by the phrase "without limitation" and "without prejudice to the generality
 of the foregoing";

(k) the
 term "person" includes any individual, firm, body corporate, government or state, association or partnership (whether
 or not having a separate legal personality), and shall also include its respective estate, personal representative, successor in
 title or permitted assign, as the case may be;

(l) the
 Interpretation Acts 1948 and 1967 of Malaysia shall apply to this Agreement in the same way as it applies to an enactment; and

(m) reference
 to a communication "in writing" shall be construed so as to include any communication in the written form, whether by
 letter, fax or by e-mail.

---

| | |
|:---|:---|
| **1.3** | Headings or sub-headings in this Agreement are inserted for convenience only and shall not affect its interpretation. |
| **1.4** | All schedules, appendices or attachments to this Agreement shall form an integral part of this Agreement. |
| **1.5** | The expression "United States Dollar" and the abbreviation "USD" means the lawful currency of the United States. |
| **1.6** | No rule of construction applies to the disadvantage of a Party because the Party is responsible for the preparation of this Agreement or any part of it. |
| **2** | **SALE AND PURCHASE** |

---

The Vendor hereby agrees to sell, and the Purchaser agrees to purchase the Sale Shares, in the manner set out in Clause 2.1, on a willing-buyer willing-seller basis free from any Encumbrances and with all rights and benefits attaching to the Sale Shares and accruing as at the Completion Date including the right to receive all dividends or distributions declared, made or paid on or after Completion Date on the terms and subject to the conditions contained in this Agreement.

**2.1** The
 Sale Shares shall be acquired by the Purchaser on Completion Date.

**2.2** The
 Parties expressly declare, acknowledge and agree that the sale and purchase of the Sale Shares pursuant to this Agreement is on the
 basis that as at the Completion Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company remains as a going concern and carries on its business in a manner consistent with past practices with no Material Adverse
 Change; and

(b) the
 Vendors' Warranties and the Purchaser's Warranties are true and accurate.

---

| | |
|:---|:---|
| **2.3** | The Sale Shares will rank *pari passu* amongst themselves. |
| **2.4** | The Purchaser shall not be obliged to complete the purchase of any of the Sale Shares unless the purchase of all the Sale Shares is completed in the manner set out in Clause 2.1 to 2.4. |
| **2.5** | A Shareholders' Agreement shall be executed by the Parties prior to the date of this Agreement. |
| **3** | **PURCHASE CONSIDERATION** |
| **3.1** | The total consideration for the purchase of the Sale Shares under this Agreement shall be an amount in cash equal to the Purchase Consideration and/or by way of Consideration Shares, which is payable by the Purchaser to the Vendor in the following instalments: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>First Instalment</u> 

An amount equal to fifteen per centum (15%) of the Purchase Consideration, payable in cash upon the date of the execution of this Agreement. ("**Agreement Date**");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Second Instalment</u> 

An amount equal to thirty-five per centum (35%) of the Purchase Consideration, payable no later than seven (7) days after the Transfer Completion in cash and/or Consideration Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Third Instalment</u> 

An amount equal to thirty-five per centum (35%) of the Purchase Consideration, payable no later than six (6) months after the Agreement Date, in cash and/or Consideration Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Fourth Instalment</u> 

An amount equal to fifteen per centum (15%) of the Purchase Consideration, payable no later than twelve (12) months after the Agreement Date, in cash and/or Consideration Shares.

**3.2**  **<u>Consideration Shares</u>** 

3.2.1 For
 each of the Second Instalment, Third Instalment and Fourth Instalment:

(a) the
 Purchaser may, at its sole discretion, elect to settle up to thirty per centum (30%) of the respective instalment by procuring BANL
 to allot and issue the Consideration Shares, credited as fully paid, provided that the Purchaser gives the Vendor at least ten (10)
 Business Days' prior written notice; and

(b) the
 proportion shall be determined by the Purchaser in its sole discretion.

3.2.2 The
 valuation of the Consideration Shares shall be determined by the Purchaser and the Vendor in reference to the prevalent market discount
 and the share price of BANL on the first five (5) trading days within the ten (10) trading days immediately preceding the relevant
 Settlement Date of that instalment.

For purposes of this clause, the Settlement Date for each instalment shall mean:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 respect of the Second Instalment, the date falling seven (7) days after the Transfer Completion;

(b) in
 respect of the Third Instalment, the date falling six (6) months after the Agreement Date; and

(c) in
 respect of the Fourth Instalment, the date falling twelve (12) months after the Agreement Date.

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| | |
|:---|:---|
| 3.2.3 | Where any part of an instalment is settled by way of issuance of Consideration Shares, such issuance shall constitute the full and final satisfaction of that portion. |
| 3.2.4 | The Consideration Shares will be newly allotted and issued restricted shares of BANL. Such shares shall be subject to a six (6) months lock-up period commencing from the date of issuance. Following the expiration of such lock-up period, the Consideration Shares shall become freely transferable, subject to compliance with the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, any other applicable securities laws and the memorandum and articles and association of BANL. The Purchaser shall bear all costs associated with the removal of any restrictive legends. |
| 3.2.5 | The Vendor shall have customary piggyback registration rights with respect to the Consideration Shares, subject to compliance with the Securities Act, the Exchange Act, the rules and regulations promulgated thereunder, and other applicable securities laws, as well as the requirements of any applicable stock exchange. |
| **3.3** | The Purchaser shall pay the relevant Purchase Consideration by bank transfer to the bank accounts of the Vendor as stated in the First Schedule in accordance with the payment instalments outlined under Clause 3.1 provided that the Vendor has fulfilled its obligations under Clause 6. |
| **4** | **CONDITIONS PRECEDENT** |
| **4.1** | **<u>Conditions Precedent</u>** |

---

The Parties shall only proceed to execute this Agreement in accordance with Clause 1A upon the fulfilment or waiver (as the case may be) of the following matters:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Purchaser having completed the due diligence investigation in respect of the Company and the result of such due diligence being satisfactory
 to the Purchaser in its sole and absolute discretion;

(b) no
 government or other person having commenced, or threatened to commence, any proceedings or investigation for the purpose of prohibiting
 or otherwise materially challenging or interfering with the transactions contemplated under this Agreement;

(c) the
 execution and performance of this Agreement by the Parties not being prohibited, restricted, curtailed, hindered, impaired or otherwise
 adversely affected by any relevant statute, order, rule, directive or regulation promulgated by any legislative, executive or regulatory
 body or authority;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 Vendor having obtained all necessary approvals, consents, authorisations, permits or waivers of any government or regulatory body
 and any third parties necessary or appropriate to carry out the transactions contemplated under this Agreement; and

(e) there
 being no ongoing or pending legal proceedings in connection with the Sale Shares.

**4.2**  **<u>Fulfilment of Conditions Precedent</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Vendor shall use its best endeavours to procure the fulfilment of the Conditions Precedent in Clause 4.1 as soon as reasonably practicable,
 unless the Parties otherwise agree in writing to mutually extend the time for such fulfilment; and

(b) The
 Parties agree that the Purchaser shall, in its sole and absolute discretion, waive (in whole or in part) any Conditions Precedent
 and such waiver may be made subject to such terms and conditions as determined by the Purchaser.

**4.3**  **<u>Unconditional Date</u>** 

**This Agreement shall become unconditional on the date on which all Conditions Precedent have been fulfilled or waived ("Unconditional Date").**

**4.4**  **<u>Failure of Conditions Precedent</u>** 

If any Condition Precedent is not fulfilled or waived on or before any date as the Parties may agree in writing, and such failure arises from causes which are unintentional and beyond the control of the Parties, the Parties firstly use reasonable endeavours to resolve such matter within thirty (30) days of such extended date.

If any of the Condition Precedent remains unfulfilled or is not waived after the expiry of such thirty (30) day period, this Agreement shall not be executed, and neither Party shall have any further obligation or liability to the other (save in respect of any antecedent breach).

---

| | |
|:---|:---|
| **5** | **PRE-COMPLETION** |
| **5.1** | The Vendor agrees and undertakes to the Purchaser to procure and ensure that, between the date of this Agreement up to and including the Completion Date, the Company Group shall: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) carry
 on business as a going concern in the ordinary course, consistent with past practice, save in so far as agreed in writing by the
 Purchaser;

(b) shall
 procure that the Company Group shall preserve and maintain in full force and effect its corporate existence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) comply
 in all respects with all applicable laws, rules, regulations and orders of all governmental, administrative, regulatory or supervisory
 entities to which it is subject;

(d) pay
 and discharge, all its bank debts, taxes and employees' salaries when they mature or become due;

(e) ensure
 that its statutory records and statutory books are current and maintained in all respects in accordance with all legal requirements
 applicable thereto and contain true, full and accurate records in all respects of all matters required to be dealt with therein and
 all such books and all records and documents (including documents of title) which are its property, in its possession or under its
 control and all accounts, documents and returns required to be delivered or made to any relevant authority shall be duly and correctly
 delivered in all respects or made in accordance with applicable laws;

(f) preserve
 and protect its business and assets, and use its best effort to maintain good relations with all clients, customers, suppliers, creditors,
 employees and other persons having business relationship with the Company Group;

(g) not
 make any changes in the constitution as are in force and effect on the date of this Agreement;

(h) not
 approve transfer of any shares in the Company Group (excluding the transfer of the Sale Shares to the Purchaser);

(i) not
 declare any dividends or make any distribution to its shareholders;

(j) not
 issue any shares or options, warrants, or other rights to purchase any shares or any securities convertible or exchangeable for shares
 of such stock, undertake any alteration to the share capital (including, but not limited to capital reduction, stock split, allotment
 of shares without contribution and reverse stock split), or vary the rights attaching to any of the Sale Shares, or commit to do
 any of the foregoing;

(k) not
 grant any loans or grant any credit or grant or enter into any guarantee, indemnity or surety or security or encumbrance other than
 in the ordinary course of business and in a manner consistent with past practice;

(l) not
 borrow or raise any money;

(m) not
 sell, transfer, lease, assign, encumber, dispose of or part with control of any interest in all or any part of its shares, undertaking,
 business, rights, property or assets (tangible or intangible, including shares of any company) or acquire any shares, business, property
 or assets (tangible or intangible) or any interest therein other than in the ordinary course of its business (which shall include
 but not limited to disposal of inventories which have been impaired);

(n) not
 enter into, modify or intentionally terminate any contract or commitment outside the ordinary course of its business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) not
 provide any non-contractual benefit to any director, officer, employee or their dependents;

(p) not
 dismiss any of its employees or make mass hiring or any alteration to the terms and conditions of employment of any of its employees;

(q) not
 create any Encumbrance over any of its assets or its undertaking;

(r) not
 commence or settle any legal proceedings relating to the business, or otherwise concerning the Company Group;

(s) not
 permit any of its insurance policies to lapse or do anything which would reduce the amount or scope of cover or make any of its insurance
 policies void or voidable;

(t) not
 perform any matters that do not belong to day-to-day or the usual operations other than those permitted in this Clause;

(u) allow
 the Purchaser and its agents and employees, full and complete access to the books, records, facilities, officers and employees of
 the Company; and

(v) agree
 and undertake with the Purchaser, that save with the prior written consent of the Purchaser, the consent of which will not be unreasonably
 withheld, the Vendor will cause and will procure that the Company reasonably complies with the provisions in the Third Schedule.

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| | |
|:---|:---|
| **6** | **COMPLETION** |
| **6.1** | **<u>Date and Place</u>** |

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Completion shall take place at the office of the Purchaser (or at such other location as the Parties may agree) on the Completion Date.

**6.2**  **<u>Vendors' Obligations on Completion Date</u>** 

6.2.1 On
 Completion Date, the Vendor shall deliver to the Purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) valid
 and registrable instrument of transfer in respect of the Sale Shares, duly executed by the Vendor as transferor in favour of the
 Purchaser as transferee accompanied by the original share certificate(s) of the Sale Shares;

(b) a
 copy of the resolutions of the board of directors of the Company, duly certified as a true copy of the original by the secretary
 of the Company, approving:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the
 registration of the transfer of the Sale Shares to the Purchaser;

ii. the
 cancellation of the existing share certificate for the Sale Shares under the name of the Vendor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. the
 issuance of the new share certificate for the Sale Shares under the name of the Purchaser;

iv. the
 affixation of the common seal of the Company, if applicable, onto new share certificate issued to the Purchaser as holder of the
 Sale Shares; and

v. directing
 the secretary of the Company to promptly register the transfer of the Sale Shares in the register of members of the Company, reflecting
 the Purchaser as the registered member of the Sale Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a
 copy of the resolutions of the board of directors of the Company, duly certified as a true copy of the original by the secretary
 of the Company, revoking all existing authorities and mandates to banks in respect of the operation of the Company's bank accounts
 and giving authority in favour of such persons as the Purchaser may nominate to operate such accounts effective from Completion;

(d) a
 copy of the resolutions of the board of directors of the Company, duly certified as a true copy of the original by the secretary
 of the Company approving the appointment of up to four (4) directors as nominated by the Purchaser, with effect from Completion;

(e) the
 Stamp Duty Documents; and

(f) any
 such other documents that may reasonably require to effect the share transfer or enable the Purchaser to be registered as the holder
 of the Sale Shares.

**6.3** Upon
 receiving the documents under Clause 6.2.1 above:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Purchaser is fully authorised to arrange to stamp the valid and registrable instrument of transfer in respect of the Sale Shares.
 Thereafter, the Purchaser shall deliver the stamped instrument of transfer of the Sale Shares together with the original share certificate(s)
 of the Sale Shares to the secretary of the Company to register the Purchaser's name in the register of members of the Company.
 The Vendor shall do such acts, deeds and things as may be requested by the Purchaser to cause the Sale Shares to be registered in
 the name of the Purchaser;

(b) On
 the Unconditional Date and upon payment of the First Instalment, the Purchaser shall become the beneficial owner of the Sale Shares
 and shall have all rights, interests and title to the Sale Shares. Pending the registration of the Purchaser as holder of the Sale
 Shares in the register of members of the Company, the Vendor shall hold the Sale Shares as bare trustee for the Purchaser, and shall
 exercise all voting and other rights in relation to such Sale Shares in accordance with the Purchaser's instructions; and

(c) Notwithstanding
 Clause 6.3(b), the Vendor will use its best endeavours to complete the aforesaid transfer of Sale Shares within sixty (60) days from
 the Unconditional Date.

**6.4**  **<u>Corporate Guarantee from BANL</u>** 

Simultaneously with Completion, the Purchaser shall procure that BANL executes and delivers to the Vendor an unconditional and irrevocable corporate guarantee (in the form set out in the Fifth Schedule or such other form as the Vendor may reasonably require) guaranteeing the due and punctual payment of the Second, Third and Fourth Instalments (the "**Deferred Consideration**").

The corporate guarantee shall:

(a) be
 a continuing guarantee and remain in full force until the entire Purchase Consideration is paid;

(b) be
 payable on first written demand by the Vendor if the Purchaser fails to pay any instalment within seven (7) Business Days after the
 due date; and

(c) not
 be discharged by any extension of time, variation or indulgence granted to the Purchaser.

In the event of default, the Vendor may immediately enforce the guarantee against BANL.

**6.5** If
 the Vendor's obligations in Clause 6.2 are fulfilled and the Purchaser fails to pay any of the Purchase Consideration to the
 Vendor in accordance with the payment terms outlined in Clause 3.1, the Vendor and the Purchaser may further agree in writing on
 an extension of payment period of up to sixty (60) days. If Parties are unable to agree on such extension, the Vendor shall be entitled
 at its discretion by a written notice to the Purchaser to require the Purchaser to remedy the breach and if the Purchaser fails to
 remedy the breach complained of within ten (10) Business Days from the date of receipt of the notice, the Vendor shall be entitled
 to elect either of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 claim for specific performance against the Purchaser of its obligations under this Agreement;

(b) if
 the termination occurs before Completion, to terminate this Agreement (save for Clauses 1 (Definitions), 9 (Confidentiality), 10
 (Notices), and 11 (General) which shall survive termination and continue to be valid, binding and enforceable) without liability
 on the part of the Vendor, upon which the Vendor shall refund any Purchase Consideration received free from any interest to the Purchaser
 and the Purchaser shall pay the Vendor a sum of USD one hundred thousand (USD 100,000) only as agreed liquidated damages, the sum
 of which shall be apportioned among the Vendor based on the Sale Shares, thereafter none of the Parties shall have any claims whatsoever
 against the other, save for any claim arising from any antecedent breach of this Agreement; or

(c) to
 fix a new date to be mutually agreed between the Parties for the Parties to fulfil its obligations in Clause 6.1 in which case, the
 provisions of this Clause 6 shall apply to the Completion so deferred.

**6.6** If
 the Purchaser is ready, willing and able to pay the Purchase Consideration and the Vendor fails to fulfil all its obligations in
 Clause 6.2, the Purchaser and the Vendor may further agree in writing on an extension of payment period of up to sixty (60) days
 for the Vendor to fulfil all its obligations. If Parties are unable to agree on such extension, the Purchaser shall be entitled at
 its discretion (and in addition to and without prejudice to any other rights or remedies available to the Purchaser under this Agreement,
 at law and in equity) by a written notice to the Vendor to require the Vendor to remedy the breach and if the Vendor fail to remedy
 the breach complained of within ten (10) Business Days from the date of receipt of the notice, the Purchaser shall be entitled to
 elect either of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 claim for specific performance against the Vendor of its obligations under this Agreement;

(b) to
 terminate this Agreement (save for Clauses 1 (Definitions), 9 (Confidentiality), 10 (Notices), and 11 (General) which shall survive
 termination and continue to be valid, binding and enforceable) without liability on the part of the Purchaser, upon which the Vendor
 shall pay the Purchaser a sum of USD one hundred thousand (USD 100,000) only as agreed liquidated damages, thereafter none of the
 Parties shall have any claims whatsoever against the other, save for any claim arising from any antecedent breach of this Agreement;
 or

(c) to
 fix a new date to be mutually agreed between the Parties for the Parties to fulfil its obligations in Clause 6.1 in which case, the
 provisions of this Clause 6 shall apply to the Completion so deferred.

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| | |
|:---|:---|
| **7** | **COVENANTS, REPRESENTATIONS AND WARRANTIES** |
| **7.1** | Each Party hereby covenants, undertakes, represents and warrants to and for the benefit of the other Party as follows: |

---

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that
 it/he has the full power, authority and legal right to enter into this Agreement and to observe and perform its/his obligations in
 this Agreement; and

(b) this
 Agreement when executed will constitute legal, valid and binding obligations on the Party, in accordance with its respective terms.

**7.2** The
 Vendor hereby further covenants, undertakes, represents and warrants to the Purchaser that the statements set out below and as set
 out in the Third Schedule are true and correct and not misleading as of the date of this Agreement as at Completion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Vendor is legally and beneficially entitled to or is otherwise able to transfer the Sale Shares to the Purchaser under this Agreement.
 There are no nominee arrangements in relation to the Sale Shares;

(b) the
 Sale Shares are free from any and all Encumbrances;

(c) the
 Sale Shares has been properly and validly issued and allotted and is fully paid or credited as fully paid;

(d) the
 Company and the Company Group has been duly incorporated, has all corporate powers required to carry on its business as now conducted
 and is validly existing under the laws of its country of incorporation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No
 person has the right (whether exercisable now or in the future and whether contingent or not) to call for the allotment, conversion,
 issue, sale or transfer of any share or loan capital or any other security giving rise to a right over the capital of the Company
 or the Company Group under any option or other agreement (including conversion rights and rights of pre-emption), and there are no
 Encumbrances on the shares of the Company or any arrangements or obligations to create any Encumbrances;

(f) All
 consents, approvals and/or notifications for the transfer of the Sale Shares and the transactions contemplated under this Agreement
 have been obtained or will be obtained upon Completion;

(g) The
 acquisition of the Sale Shares by the Purchaser or compliance by the Vendor with the terms of this Agreement will not relieve any
 person of any obligation to the Company or enable any person to terminate any agreement with the Company or any right or benefit
 enjoyed by the Company or to exercise any right under a contract (whether or not in writing) with or otherwise in respect of the
 Company; and

(h) The
 Vendor has not and shall not enter into any arrangement with a third party in connection with all or part of the Sale Shares or any
 other material transactions that would adversely affect the performance of this Agreement.

**7.3** Each
 of the warranties under Clauses 7.1 and 7.2 shall be separate and independent and shall not be limited by anything in this Agreement.

**7.4** A
 claim for breach of any of the warranties under Clauses 7.1 and 7.2 may be made whether or not the relevant facts, matters or circumstances
 giving rise to the breach were known to the claiming Party or which could have been discovered (whether by investigation or due diligence
 made by or on its/his behalf).

**7.5** The
 warranties under Clauses 7.1 and 7.2 given shall not in any respect be extinguished or affected by Completion, or by any other event
 or matter whatsoever, except by a specific and duly authorised written waiver or release the Vendor or the Purchaser, as the case
 may be.

**7.6**  **<u>Limitation of Liability</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 total aggregate liability of the Vendor under this Agreement (excluding fraud or wilful misrepresentation) shall not exceed the Purchase
 Consideration actually received by the Vendor;

(b) The
 aggregate liability cap shall exclude any liability under the Profit Guarantee (Clause 8A) and any claims arising from fraud or wilful
 misrepresentation;

(c) claims
 (other than Tax claims) must be notified within eighteen (18) months after Completion; and

(d) the
 Vendor shall deliver a Disclosure Letter to the Purchaser on the Unconditional Date qualifying the Vendors' Warranties.

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| | |
|:---|:---|
| **8A** | **PERFORMANCE GUARANTEE** |
| **8A.1** | The Vendor guarantees to the Purchaser that the consolidated profit before tax of the Company Group for the financial year ending 31 December 2026 ("**FYE 2026**"), as shown in the audited consolidated accounts of the Company Group for FYE 2026, shall be not less than United States Dollars one million (USD 1,000,000) (the "**Profit Guarantee**"). |
| **8A.2** | The Purchaser shall use its best endeavours to provide (and procure its nominees on the board to provide) sufficient management, operational and financial resources as may be reasonably required to support the growth and operations of the Company Group so as to enable the Company Group to have a reasonable opportunity to meet the Profit Guarantee. The Purchaser shall act in good faith and shall not withhold or delay such resources unreasonably. |
| **8A.3** | **<u>Termination of Vendor's Obligation</u>** |

---

The Vendor's obligations under this Clause 8A shall automatically become void and of no further effect if, at any time after Completion and before 31 December 2026, the Purchaser or any of its nominees or representatives, without the Vendor's prior written consent, changes the nature of the business of the Company Group, changes the market segment(s) in which the Company Group operates, or takes any action or omission that materially affects the fundamental operations, strategy, or financial fundamentals of the Company Group.

In such event, the Purchaser shall have no claim against the Vendor under this Clause 8A, and the Purchaser shall remain obliged to pay all remaining instalments of the Purchase Consideration in accordance with the agreed schedule in Clause 3.

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| | |
|:---|:---|
| **8A.4** | **<u>Non-Satisfaction</u>** |

---

In the event that the consolidated profit before tax of the Company Group for FYE 2026 is less than the Profit Guarantee ("**Shortfall**") and the Vendor's obligations have not ceased under Clause 8A.3, the Vendor shall be liable to pay to the Purchaser an amount in cash equal to two and a half times (2.5×) the amount of the Shortfall multiplied by the percentage of the Sale Shares acquired by the Purchaser in this Agreement (the "**Repayment Amount**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Repayment Amount shall be paid within ten (10) Business Days after the audited accounts for FYE 2026 are finalised. The Purchaser
 may set off any part against the Fourth Instalment; and

(b) The
 Purchaser shall in its sole discretion be entitled to set off or net off all or any part of the Repayment Amount against the Purchase
 Consideration payable under this Agreement for the Fourth Instalment, and any balance (if any) shall be settled accordingly upon
 such set-off.

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| | |
|:---|:---|
| **8A.5** | Notwithstanding Clause 8A.4, if the aggregate consolidated profit before tax for FYE 2026 and FYE 2027 is not less than USD two million (USD 2,000,000), the Purchaser shall repay the Repayment Amount to the Vendor within thirty (30) Business Days after the 2027 audited accounts are finalised. |

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| | |
|:---|:---|
| **8** | **INDEMNITY** |
| **8.1** | The Vendor shall indemnify the Purchaser, and keep the Purchaser indemnified, on demand against and shall pay to the Purchaser a sum equal to all losses which the Purchaser may at any time and from time to time sustain, suffer or incur as a result of or arising out of a breach or breaches of any covenant, undertaking, representation or warranty given by the Vendor under this Agreement. |
| **8.2** | The Vendor undertakes and agrees to pay and to indemnify fully and hold harmless and defend the Purchaser or the Company (as the Purchaser may choose) from and against any and all Losses incurred direct or indirectly by the Purchaser in connection with: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 inaccuracy or breach of any representation, undertaking or Vendors' Warranties or other terms under this Agreement in relation
 to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the
 title to, legal and beneficial ownership of the Sale Shares held by the Vendor;

ii. the
 right and authority of the Vendor to sell, assign and transfer and exercise all voting and other rights over the Sale Shares;

iii. the
 Vendor not being bankrupt;

iv. the
 Sale Shares comprising the whole of the entire issued and allotted shares in the Company, having been duly authorized, issued and
 allotted and are fully paid or credited as fully paid;

v. the
 absence of any Encumbrances on or over the Sale Shares;

vi. the
 Sale Shares not being listed or admitted to trading on any stock exchange or regulated market; and

vii. the
 Vendor having obtained all consents (if any) that may be required to enter into this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 legal proceedings, claims or enforcement action taken against the Company relating to the fraud committed on the Company, provided
 that such fraudulent transactions have been fully disclosed and were concluded to be unrecoverable and recognised as other expenses
 in the Company's profit or loss statement;

(c) any
 losses including taxes, duties, levies, delayed interest or penalties not provided for in the Audited Accounts or Management Accounts,
 or the part of such losses exceeding the amount accounted or provided in the Audited Accounts or Management Accounts which may result
 from any administrative, Tax, customs or social security investigation of the Company in relation to the period prior to the Completion
 Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any
 Taxation liabilities not provided for in the Audited Accounts and the Management Accounts in connection with or arising from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. any
 Taxation (including any additional Taxes, interests, penalties, fines or charges) that are due and payable by the Company to any
 Tax Authority for the seven (7) assessment years ending on or up to the Completion Date, excluding any Taxation arising from any
 act, omission, or election made by or at the direction of the Purchaser after the date of this Agreement, or from any change in applicable
 law occurring after the Completion Date;

ii. any
 Taxation resulting directly from or attributable to any event that occurred on or before Completion, or in relation to gross receipts,
 income, profits or gains earned, accrued or received, or deemed under any applicable law to be earned, accrued or received by the
 Company on or before Completion, provided that, Taxation arising from actions taken by or at the direction of the Purchaser after
 Completion not be included;

iii. any
 adjustments required to the amount of income, profits or gains of the Company report for tax purposes, and/or any deductions, losses
 or other Taxation reliefs (whether by way of reduction, set-off, exemption, postponement, roll-over, repayment or allowance, or otherwise)
 claimed by the Company, for any assessment years or periods ending on or before the Completion Date, whether such adjustments are
 determined by any Tax Authority through a tax audit, by or on behalf of the Company, but only to the extent such adjustments are
 directly attributable to acts or omissions of the Company up to the Completion Date and not resulting from any action, election,
 or omission by or at the direction of the Purchaser after the Completion Date; and

iv. any
 waiver, release, write-off, settlement or compromise (whether in whole or in part) of any intercompany balances, shareholder balances
 or amounts due to or from any related party of the Company, where such waiver, release, write-off or settlement relates to any period
 on or before the Completion Date, including, without limitation, any Taxation treated by any Tax Authority as taxable income, deemed
 income or gains of the Company.

---

| | |
|:---|:---|
| **9** | **CONFIDENTIALITY** |
| **9.1** | This Agreement and all information or documents disclosed by a Party or its employees, representative or agents to the other Party or its employees, representatives or agents, or obtained by one Party or its employees, representatives or agents about the other Party, pursuant to, or in the course of performance of this Agreement ("**Confidential Information**") shall be deemed as confidential unless otherwise mutually agreed by the Parties. |
| **9.2** | During negotiations and/or discussions that lead to the execution of this Agreement, each Party may be exposed to Confidential Information or trade secrets of the other Party and thus, neither Party may disclose or use any such Confidential Information or trade secrets without obtaining the express written consent of the other Party thereof which consent may be withheld at the other Party's absolute discretion. |

---

---

| | |
|:---|:---|
| **9.3** | Save for any announcement or circular required by applicable law, regulatory body or the rules of any stock exchange, the Parties shall consult with each other and reach agreement on the proposed wording before issuing any press release or public announcement in relation to this Agreement. |
| **10** | **NOTICES** |
| **10.1** | **<u>Service of Notice</u>** |

---

A notice or other communication required or permitted, under this Agreement, to be served on a person must be in writing in the English language and may be served to the intended recipient at its/his address as set out above in this Agreement or such other address as the Party may notify to the other Party in accordance with this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by
 personal delivery;

(b) by
 pre-paid registered post or courier; or

(c) by
 email.

**10.2**  **<u>Time of Service</u>** 

A notice or other communication is deemed served:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if
 delivered by hand or courier, at the time of delivery;

(b) five
 (5) Business Days after posting, if delivered by pre-paid registered post and in proving the same it shall be sufficient to show
 that the envelope containing the same was duly addressed, stamped and posted; or

(c) if
 sent by e-mail, upon the sender's receipt of confirmation generated by the recipient's email system that the notice has
 been received by the recipient's email system.

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| | |
|:---|:---|
| **11** | **GENERAL** |
| **11.1** | **<u>Further Assurance</u>** |

---

The Parties covenant with each other that they will respectively execute, do and perform and procure all other persons or companies, if necessary, to execute, do and perform all such further deeds, documents, assurance, acts and things as may be necessary to give valid effect to the terms and conditions of this Agreement.

**11.2**  **<u>Time of the Essence</u>** 

Time is of the essence as regards all dates, periods of time and times specified in this Agreement.

**11.3**  **<u>Successors and Assigns</u>** 

This Agreement binds the heirs, personal representatives, successors-in-title, permitted assigns or nominees, as the case may be, of the Parties.

**11.4**  **<u>Illegality and Severability of Provisions</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 illegality, invalidity or unenforceability of any provision of this Agreement under the law of any jurisdiction will not affect its
 legality, validity or enforceability under the law of any other jurisdiction, nor the legality, validity or enforceability of any
 other provision;

(b) If
 a provision in this Agreement is held to be illegal, invalid, void, voidable or unenforceable, that provision shall apply with whatever
 deletion or modification is necessary so that the provision is legal, valid and enforceable and gives effect to the commercial intention
 of the Parties; and

(c) If
 it is not possible to delete or modify the provision, in whole or in part, as required in this clause, then such provision or part
 of it shall, to the extent that it is illegal, invalid or unenforceable, be deemed not to form part of this Agreement without affecting
 the validity or enforceability of the remaining part of that provision or the other provisions in this Agreement.

**11.5**  **<u>Costs and Expenses</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each
 Party shall bear its own legal costs and expenses in relation to the negotiation, preparation and execution of this Agreement and
 other documents referred to in it; and

(b) The
 Purchaser shall bear the stamp duty payable on this Agreement and the registration fees and other cost including the stamp duty in
 respect of the registration of the transfers of the Sale Shares.

**11.6**  **<u>Entire Agreement</u>** 

This Agreement contains the entire understanding between the Parties with respect to the subject matter and supersedes any prior written or oral agreement between them relating to it and may not be modified except by written consent of all Parties.

**11.7**  **<u>Amendment of Agreement</u>** 

No amendment of, or addition to, this Agreement shall be effective unless in writing and properly signed by or on behalf of the Parties.

**11.8**  **<u>Assignment</u>** 

Neither Party may assign or transfer the benefits or obligations of this Agreement or any part thereof to any other person or party or entity without the prior written consent of the other Party.

**11.9**  **<u>Counterparts</u>** 

This Agreement may be executed in any number of counterparts each of which shall be an original, but such counterparts shall together constitute one and the same agreement and shall come into effect on the date first hereinabove mentioned.

**11.10**  **<u>No Waiver</u>** 

Knowledge or acquiescence by either Party hereto of any breach of any of the terms and conditions herein contained shall not operate or be deemed to be a waiver of such terms and conditions or any of them unless such waiver is expressly granted in writing. Notwithstanding such knowledge or acquiescence, each Party hereto shall be entitled to exercise its respective rights under this Agreement to require strict performance of the terms and conditions herein by the defaulting Party.

**11.11**  **<u>Governing Law and Jurisdiction</u>** 

This Agreement shall be governed by and construed in accordance with the laws of Malaysia for the time being in force and the Parties agree to submit to the exclusive jurisdiction of the Malaysian courts.

*[The rest of this page is intentionally left blank]*

 

**IN WITNESS WHEREOF** the Parties hereto have hereunto set their respective hands the day and year first above written.

**<u>Vendor</u>**

Signed by

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| | |
|:---|:---|
| **FINANCENT (HK) LIMITED)** |  |
| **(Hong Kong Company No.: 2219054)** |  |
| in the presence of:) |  |
|  | /s/ Ma Yufeng |
|  | Name: Ma Yufeng |
|  | NRIC/Passport/ID No.: |
|  | Designation: Director |

---

/s/ Wu Xue

Name of Witness: Wu Xue

NRIC/Passport/ID No.:

Designation:

**<u>Purchaser</u>**

---

| | |
|:---|:---|
| For and on behalf of) |  |
| **BANLE INVESTMENT HOLDINGS** |  |
| **LIMITED)** |  |
| **(BVI Company No. 2200442))** |  |
| in the presence of:) |  |
|  | /s/ Teck Lim Chia |
|  | Name: Teck Lim Chia |
|  | NRIC/Passport No.: |
|  | Designation: Director |

---

/s/ Cheung Ka Yeung

Name of Witness: Cheung Ka Yeung

NRIC/Passport No.:

Designation:

**FIRST SCHEDULE**

**PARTICULARS OF THE VENDOR**

**A.** **Vendor, Sale Shares and Bank Account Details** 

**B.** **Payment Schedule of Purchase Consideration** 

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| | | | |
|:---|:---|:---|:---|
| **First Instalment** | **Second Instalment** | **Third Instalment** | **Fourth Instalment** |
| **Clause 3.1(a)** | **Clause 3.1(b)** | **Clause 3.1(c)** | **Clause 3.1(d)** |
| USD 721,500 | USD 1,683,500 | USD 1,683,500 | USD 721,500 |

---

**SECOND SCHEDULE**

**PARTICULARS OF THE COMPANY**

**THIRD SCHEDULE**

**VENDORS' WARRANTIES**

**1.** **Corporate Information** 

**1.1** The
 Company is a company duly incorporated and validly existing under its laws of incorporation.

**1.2** The
 information in Second Schedule is accurate.

**1.3** The
 Company has complied with all applicable provisions of the Companies Act 2004.

**1.4** The
 register of members and all other statutory books and minutes books required by the law to be kept by the Company Group:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) have
 been properly kept;

(b) are
 up to date; and

(c) contain
 true, full and accurate records of all matters required to be dealt with in them.

**1.5** The
 Company has not received any notice of any application, or intended application, for the rectification of the register of members
 under the provisions of the Companies Act 2004 for the time being in force.

**1.6** The
 copy of the constitutional documents of the Company given to the Purchaser is true, complete and up-to-date of the constitutional
 documents of the Company, and there have not been any breaches and there are no breaches, by the Company of its constitutional documents.

**1.7** No
 allotment of share capital in the Company has been made in contravention of the provisions of the Companies Act 2004.

**1.8** The
 Company has not at any time made any unlawful distribution.

**1.9** The
 Company has not at any time made, acquired, or taken a charge over, any of its own shares.

**1.10** The
 Company has not done any of the following in relation to any of its directors (or any person connected with any of its directors)
 in contravention of the provisions of the Companies Act 2004:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) granted
 any loan or quasi-loan, or entered into any guarantee or credit transaction; or

(b) provided
 any security in connection with any such loan, quasi-loan, guarantee or credit transaction.

**1.11** The
 Company has properly and punctually made and filed all returns, particulars, resolutions and documents required to be filed with
 the British Virgin Islands Financial Services Commission or any other governmental or local authority by the Companies Act 2004 or

 have (if appropriate) been registered in accordance with the provisions of the Companies Act 2004.

**1.12** The
 Company has maintained, and continues to maintain, readily available for inspection by members of the public all documents required
 to be made so available by the Companies Act 2004 or other legislation.

**2.** **The Sale Shares and Share Capital** 

**2.1** There
 are no agreements or other arrangements in force which provide for the present of future issue, allotment or transfer of; or accord
 to any person the right (absolute or conditional) to call for the issue, allotment or transfer of any share or loan capital of the
 Company (including any option, right of pre-emption or conversion).

**2.2** Since
 the Accounting Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) no
 share or loan capital of the Company has been issued or allotted, or agreed to be issued or allotted (whether conditionally or absolutely);

(b) the
 Company has not undergone any capital reorganization or change in its capital structure for the Company Group;

(c) the
 Company has no resolutions; and

(d) nothing
 has been done in the conduct or management of the affairs of the Company which would likely to prejudice the interest of the Purchaser
 as prospective purchaser of the Sale Shares.

**2.3** The
 Company has not at any time reduced its share capital, redeemed any share capital or purchased any of its shares.

**2.4** No
 share capital shown in the Accounts or in the statutory books of the Company has been forfeited.

**2.5** No
 shares in the capital of the Company have at any time been issued, and no transfers of shares in the capital of the Company have
 been registered, otherwise than in accordance with the constitution of the Company from time to time in force and the Companies Act
 2004, and any necessary governmental consents have been obtained for each issue and transfer of shares in the capital of the Company.

**2.6** No
 dividends or other distributions of profits have been declared, made or paid since the Accounting Date.

**2.7** All
 dividends or other distributions of profits declared, made, or paid since the date of incorporation of the Company have been declared
 made and paid in accordance with law and its constitution.

**3.** **Accounts** 

**3.1** The
 Purchaser has been supplied with a true and complete copy of the Company's subsidiaries Accounts.

**3.2** The
 Accounts of the Subsidiaries of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) complies
 with the requirements of the relevant Accounting Standards and the Malaysian Companies Act 2016;

(b) have
 been prepared on a consistent basis in accordance with good accounting practice, and comply with current financial reporting standards
 applicable to a company incorporated in the British Virgin Islands;

(c) are
 accurate in all material aspects and show a true, complete and fair view of state of affairs, financial position, assets and liabilities
 of the Company, and of its results for the financial period ending on the Accounting Date;

(d) as
 at the Accounting Date, are not affected by any unusual, material or non-recurring items;

(e) make
 full provision for depreciation of the fixed assets of the Company having regard to their original cost and estimated life;

(f) make
 due provision for any bad or doubtful debts; and

(g) fully
 disclose all Assets and liabilities of the Company as at the Accounting Date.

**3.3** The
 relevant deferred tax and provisions for taxation has been fully made, where applicable, on the basis of the rates of tax in force,
 to cover all Taxation (present and future) in respect of any transaction occurring prior to the Accounting Date which is liable to
 be assessed on the Company up to that date.

**3.4** All
 liabilities or outstanding capital commitments of the Company as at the Accounting Date have been included in the Accounts by way
 of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) full
 provision, reserve and disclosure by way of notes to the accounts; or

(b) (in
 the case of any liability which was contingent, unquantified or disputed) by way or a note stating the maximum amount which has (after
 taking all relevant professional advice) of the likelihood of such a claim materialising or being successful.

**3.5** No
 Assets of the Company has been acquired for any consideration in excess of its market value at the date of its acquisition, or otherwise
 than by way of bargain at arm's length.

**3.6** Each
 of the debtors or receivables contained in the Accounts or the Management Accounts, if any, and any other book debs relating to the
 period up to and including the date of Completion, will realise within 6 months of that date their nominal value less the value attributed
 to any reserve for bad or doubtful debts included in the Accounts, and none of the book debts is subject to any counterclaim or set-off.

**3.7** Neither
 the whole, nor any part, of the amounts included as owing by any debtors in the Accounts (or subsequently recorded in the books of
 the Company), if any:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is
 overdue by more than ninety (90) days; or

(b) has
 been realised on terms that any debtor pays less than full book value of his debt; or

(c) has
 been written off or has proved to any extent to be irrecoverable; or

(d) is
 now regarded by the Company as irrecoverable.

**3.8** No
 event has occurred during the period covered by the Accounts or Management Accounts that has resulted in the profits of the Company
 being abnormally high or low in respect of that period or which resulted or is likely to result in any prior financial period adjustments,
 including adjustments arising in connection with tax.

**3.9** The
 Management Accounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) have
 been prepared on a basis wholly consistent with that warranted as adopted in the preparation of the Accounts;

(b) are
 accurate in all material respects, and show a true and fair view of the financial position of the Company, and of its results for
 the financial period ended 31 December 2025; and

(c) have
 made full provision or reserve for all liabilities and other matters warranted as provided for or reserved in the Accounts, such
 that the Company has no liabilities of any nature whatever other than those disclosed or provided for in the Management Account.

**3.10** The
 accounting and other books, ledgers and other records of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) are
 in its possession;

(b) have
 at all times been properly and fully written up;

(c) accurately
 present and reflect, in accordance with generally accepted accounting principles and standards, and the Companies Act 2004, all of
 the transactions entered into by the Company (or the transactions to which the Company has been a party) and its financial, contractual
 and trading position; and

(d) have
 been held for the period required by the Companies Act 2004.

**3.11** All
 expenditure of the Company for 2025 has been disclosed.

**4.** **Borrowings and lending** 

**4.1** The
 total amount borrowed by the Company from its banker does not exceed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 limitation on borrowing powers contained in its constitution, or in any debenture or other agreement binding on it; or

(b) the
 limit of its facilities.

**4.2** Except
 as disclosed in the Accounts the Company does not have outstanding (whether made by, or incurred by, the Company):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 borrowing or indebtedness in the nature of borrowing including any bank overdrafts, liability under acceptances (otherwise than in
 respect of normal trade bills) or any acceptance credit (including any amounts due to any present or former directors, or to members
 of the Company, other than remuneration accrued due or for reimbursement of business expenses);

(b) any
 Encumbrance, guarantee or similar obligation; or

(c) any
 arrangements, or any agreements or any other transaction in which a director of, or a person connected with, the Company has a material
 interest.

**4.3** The
 Company Group:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) has
 not lent any money which has not been repaid to it; or

(b) does
 not own the benefit of any debt (whether present or future) or the right to receive any money, other than debts accrued to it in
 the ordinary course of business.

**4.4** The
 statements of the Company's bank accounts and of their credit or debit balances to be delivered at Completion Date (and any
 such statements delivered prior to such date) are and will be correctly recorded and reconciled to the respective banks statements,
 and the Company has no other bank or deposit accounts (whether in credit or overdrawn), financing loan or borrowings which are not
 included in the accounting record and financial statements provided to the purchaser during the due diligence review.

**4.5** In
 relation to such Encumbrances or guarantees and in relation to any bank overdraft, borrowings or other financial facilities available
 to, or financial obligations incurred by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Vendor has supplied to the Purchaser full details, and true and correct copies, of all relevant document;

(b) no
 steps for the enforcement of any Encumbrances have been taken or threatened;

(c) there
 has not been any alteration in the terms and conditions of any of the arrangements or facilities, all of which are in full force
 and effect;

(d) the
 Vendor nor the Company has done anything whereby the continuance arrangements and facilities might be affected or prejudiced; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) none
 of the arrangements is dependent on the guarantee of or on any security provided by a third party.

**4.6** The
 Company's Group has not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) factored
 any of its debts, or engaged in financing of a type which would not require to be shown, or reflected, in the Accounts;

(b) since
 the Accounting Date, repaid or prepared, or become liable to repay or prepay, any loan, loan capital, or indebtedness in advance
 of its date of maturity;

(c) received
 notice from any lenders of money to it, requiring repayment or intimating enforcement of any Encumbrances, and there are no circumstances
 likely to give rise to any such notice.

**4.7** Having
 regard to existing bank and other facilities, if any, the Company has sufficient working capital for the purposes of continuing to
 carry on its business in its present form, and at its present level of turnover, for the period of twelve (12) months after Completion
 Date.

**4.8** The
 Company and its Subsidiaries as at the date of this Agreement up until Completion maintain the following bank accounts:

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| |
|:---|
| (a) |
| (b) |

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**4.9** Except
 for assets disposed of by the Company in the ordinary course of trading, the Company is the owner of, and has good marketable title
 to, all assets included in the Accounts, and all assets acquired since the Accounting Date and not subsequently disposed of, and
 all such assets are in the Company's possession or under its control.

**4.10** There
 is no Encumbrances or agreement to create an Encumbrances over the whole or any part of the undertaking, property, assets, goodwill
 or uncalled capital of the Company Group.

**4.11** The
 fixed and loose plant and machinery, fixtures and fittings, vehicles and office equipment, used in connection with the business of
 the Company, if any:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) are
 in good repair and condition regularly maintained, properly tested and certified safe, and without risk to health when used;

(b) are
 capable of being efficiently and properly used in connection with the business of the Company;

(c) are
 not to any extent surplus to requirements;

(d) are
 not expected to require replacements or additions within six (6) months from Completion; and

(e) are
 all capable, and will remain capable throughout the respective periods of time during which they are each written down to a nil value
 in the accounts of the Company, of doing the work for which they were designed or purchased.

**4.12** The
 Company has not agreed to acquire any asset (including stock), on terms that the property in such asset does not pass until full
 payment is made or all indebtedness incurred in connection with that acquisition discharged.

**4.13** Maintenance
 contracts (if any) are in full force and effect in respect of all assets of the Company, which a prudent owner would normally have
 maintained by independent or specialist contractors.

**4.14** All
 Assets used in connection with the business of the Company are owned by its absolutely and are held free from any lease, hire purchase
 or conditional sale agreement, bill of sale, or other agreement for payment on deferred terms.

**4.15** The
 Assets owned by the Company comprise all assets necessary for the business of the Company to continue as it is carried on at present.

**5.** **The Properties** 

**5.1** The
 Company does not own any real property. The Company has complied with all material terms, covenants and payment obligations relating
 to its occupation of such property(ies) nor has the Company has not received any notice alleging breach of its obligations. There
 are no pending or ongoing rent reviews affecting the properties, nor are there any outstanding actions, disputes, claims or demands
 involving the Company affecting the property(ies).

**5.2** The
 Company has complied with all material payment obligations relating to its occupation of the properties, including payment of rent
 and service charges and no sums are outstanding or overdue in respect thereof.

**5.3** The
 Company has complied with all other material terms and covenants relating to its occupation of the properties.

**5.4** The
 Company has not received any notice alleging breach of its obligations in respect of the occupation of the properties.

**5.5** There
 were no outstanding actions, disputes, claims or demands involving the Company affecting the Properties.

**6.** **Insurances** 

**6.1** There
 are existing valid policies of insurance for full replacement values against all liabilities, risks and losses (including but not
 limited to the losses caused by any unlawful act on the part of any person) against which it is normal or prudent to insure, in respect
 of all Assets owned by, and in business carried on by the Company, if any.

**6.2** All
 premiums due in respect of the company's insurance policies have been paid in full.

**6.3** Nothing
 has been done, or has been omitted to be done, which could result in any of the Company's insurance policies being, or becoming,
 void or voidable.

**6.4** The
 Vendor is not aware of any circumstances, which would or might entitle the Company to make a claim under any of its insurance policies,
 or which would or might be required to be notified to the insurers under any of its insurance policies.

**7.** **Disputes/Litigation** 

**7.1** The
 Company is not engaged (whether a claimant or defendant or otherwise) in any litigation, or criminal or arbitration proceedings,
 before any court, tribunal, statutory or governmental body, department, board or agency, and no litigation, criminal or arbitration
 proceedings are pending or threatened by, or against, the Company and, having made due and careful enquiries, the Vendor does not
 know of any facts which are likely to give rise to the same, or which are likely to give rise to proceedings in respect of which
 the Company would liable to indemnify any person concerned.

**7.2** The
 Company is not subject to any order or judgment given by any court or governmental agency; and has not been a party to any undertaking
 or assurance given to any court or governmental agency which is still in force. There are no facts or circumstances which (with or
 without the giving notice or lapse of time) would likely to result in the Company becoming subject to such an order or judgment,
 or being required to be a party to any such undertaking or assurance.

**7.3** None
 of the Vendor, the Company, the directors of the Company or any of its employees, is the subject of any investigation, inquiry, process
 or request for information, in respect of any aspect of the activities of the Company by any governmental body, board or agency or
 by any organisation charged with the supervision of any activities from time to time engaged in by the Company, and no such procedures
 are pending or threatened, and, having made due and careful inquiries, the Vendor do not know of any facts which are likely to give
 rise to any such procedure.

**7.4** There
 is no dispute with any Relevant Authorities in relation to the affairs of the Company, and there are no facts which may give rise
 to such dispute.

**7.5** There
 are no claims pending or threatened, or capable of arising, against the Company by any employee, workman or third party, in respect
 of any accident or injury.

**7.6** The
 Company has not sold products which have been, are, or will become, in any material respect faulty or defective, or which do not
 comply in any material respect with warranties given, or representations made, by the Company expressly or impliedly (whether by
 statute or otherwise).

**7.7** There
 has been no default by the Company under any agreement, trust deed, instrument or any arrangement to which the Company is a party,
 and no threat or claim of default has been made and it outstanding, and there is nothing which could cause:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 such agreement or arrangement to be terminated or rescinded by any other party; or

(b) their
 terms to be worsened or the Company prejudiced as a result of anything done, or omitted or permitted to be done, by the Vendor or
 the Company.

**8.** **Compliance with Statutes and Licenses** 

**8.1** The
 Company Group has obtained all requisite Licences from the Relevant Authorities, for the carrying on of its business in the places
 and in the manner in which such business is now carried on.

**8.2** The
 following licenses held by the Company Group under the Fourth Schedule above are valid and subsisting, and the Vendor knows of no
 reason, or of any facts or circumstances, which (with or without the giving of notice or lapse of time) would be likely to give rise
 to any reason why any of them should be suspended, cancelled, revoked or not renewed.

**8.3** The
 Company Group has conducted, and is conducting, its business in all respects in accordance with all applicable laws and regulations.

**8.4** The
 Company Group has complied with all the conditions and restrictions of the Licences.

**8.5** There
 are no factors that might in any way prejudice the continuance or renewal of any of the Company Group's Licence.

**8.6** No
 Licence is personal to any Vendor and no Licence will be revoked, cancelled, suspended, varied or not renewed as a result of execution
 or performance of this Agreement or any document to be executed at or before Completion in accordance with this Agreement.

**9.** **Trading Position** 

**9.1** Since
 the Accounting Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) there
 has been no Material Adverse Change (nor is any such material change expected) in the position or prospects of the Company, or in
 the value of state of the assets, or amount or nature of the liabilities of the Company as compared with the position disclosed in
 the Accounts;

(b) the
 Company has not disposed of any assets, or assumed or incurred any outstanding capital commitment, or any material liabilities (whether
 actual or contingent), otherwise than in the ordinary course of carrying on its business (and, for the purpose, disposals of fixed
 assets, fixed and loose plant and machinery, fixtures and fittings, vehicles and office equipment, shall be deemed to be not in the
 ordinary course of business);

(c) the
 business of the Company Group has been carried on in the ordinary and usual course of business without interpretation, and so as
 to maintain that business as a going concern.

**9.2** The
 turnover of the Company's business to date is not materially less than it was for the corresponding period in the financial
 year ending on the Accounting Date (treating the turnover in that corresponding period as increased by the same proportion as the
 prices charged by the Company have increased since that period) and, to the extent that the business of the Company is seasonal,
 the pattern of trading of the Company is not materially different to the pattern of trading observed during each of the three (3)
 years ending the Accounting Date.

**9.3** The
 overheads of the Company's business to date are not materially greater, as a proportion of turnover, than the proportion in
 the corresponding period in the financial year ending on the Accounting Date.

**9.4** The
 Company's business has not been materially and adversely affected by the loss of any important customer or source of supply.

**9.5** No
 substantial part of the business of the Company is carried on, or is required to be carried on, with the agreement or consent of
 a third party, nor is there any agreement which significantly restricts the field in which the Company carries on business.

**10.** **Contracts and Arrangements** 

**10.1** There
 are no outstanding with respect to the Company, or to which the Company is a party:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 long term, unusual or onerous contract, or any contract not made in the ordinary course of business, and at Completion there will
 not be any, and there are no contracts or obligations, practices arrangements or agreements outstanding of a nature of magnitude
 calling for special attention;

(b) any
 joint venture, consortium or other partnership arrangement or agreement;

(c) any
 arrangement (contractual or otherwise) between the Company and any third party, which will, or may, in accordance with its terms,
 be terminated as a result of any change in the central management or shareholders of the Company, or of compliance with any other
 provision of this Agreement;

(d) any
 arrangement (contractual or otherwise) which constitutes or involves breach of violation of, or default with respect to, the requirements
 or conditions of any statute, treaty, regulation or by-law of Malaysia, or any foreign country, relating to the Company or the carrying
 on of its business;

(e) any
 contract for services (other than contracts for the supply of electricity, gas, water, telecommunications or normal officer services);

(f) any
 power of attorney, contract of agency or distributorship, or subsisting licence;

(g) any
 guarantee, warranty, undertaking or contract for indemnity, or for suretyship, under which the Company is under a prospective or
 contingent liability (other than guarantees or warranties implied by law with respect to goods supplied, or services performed, by
 the Company in the ordinary course of business);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) any
 agreement or arrangement entered into by the Company otherwise than by way of bargain at arm's length (or on arm's length
 terms) and in the ordinary course of Company's business;

(i) any
 contract or arrangement (of whatever nature) binding on the Company, which the Company cannot terminate, without any liability on
 its part, by giving three (3) months' notice or less;

(j) any
 agreement or arrangement which cannot readily fulfilled or performed by the Company in accordance with its terms, and without undue
 or unusual expenditure or effort, or without making a loss;

(k) any
 agreement containing covenants limiting or excluding its right to do business or compete (or both) in any area, or any field, or
 with any person, firm or company;

(l) any
 agreement or arrangement which the Vendor or the Company know or believe to be invalid, or in respect of which there are grounds
 for its termination, rescission, avoidance or repudiation (whether by the Company or any other party); or

(m) any
 agreement or arrangement which involves, or is likely to involve, obligation or liabilities which, by reason of their nature or magnitude,
 ought reasonably to be made known to an intending purchaser of the Sale Shares.

**10.2** The
 Vendor has no knowledge, information or belief that, since the Accounting Date, or upon Completion, or as a result of the proposed
 acquisition of the Sale Shares by the Purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 supplier of the Company has ceased, or will cease, supplying the Company, or may substantially reduce its supplies to the Company;
 or

(b) any
 customer/client of the Company has terminated, or will terminate, any contract with the Company, or cease, or materially reduce its
 business with it.

**10.3** To
 the Vendor's best knowledge, information and belief, there do not exist any special facts or circumstances which might lead
 to a restriction, impediment or cessation of any products presently distributed or planned to be distributed by the Company.

**10.4** No
 offer, tender or the like, given or made by the Company on or before the date of this Agreement and still outstanding, is capable
 of giving rise to a contract merely by the unilateral act of a third party.

**11.** **Anti – Competition** 

**11.1** No
 Contravention of Anti-competition Legislation

The Company Group is not a party to, any agreement, arrangement or concerted practice or is carrying on any practice which:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 whole or in part contravenes or is invalidated by any anti-competition, fair trading, consumer protection in Malaysia, or the British
 Virgin Islands; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 respect of which any filing, registration or notification is required or is advisable pursuant to Malaysian or British Virgin Islands
 legislation (whether or not the same has in fact been made).

**11.2** No
 Notification of Contravention of Anti-Trust Legislation

Within the twelve (12) months prior to Completion, the Company Group has not received any notification that proceedings under the applicable anti-competition law in Malaysia have been initiated nor are there any such proceedings contemplated by any of the Vendor or any of the directors of the Company nor has any claim been made or threatened against the Company Group alleging any anti-competition law contravention.

**12.** **Intellectual Property Rights** 

**12.1** The
 Company Group does not own any registered trade marks or patents.

**12.2** The
 Company Group does not own or use any patents, trade marks, registered designs, design rights, copyrights, inventions, know-how and
 any confidential information and does not require any other intellectual property to carry on its business.

**12.3** The
 Company Group has not entered into any agreements related to intellectual property or authorised any person to use or do anything
 that would or might infringe any intellectual property rights of any third party.

**12.4** No
 disclosure has been made to any person other than the Purchaser of any of the know-how, customer details, financial or trade secrets
 of the Company Group, except properly and in the ordinary course of business, and on the footing that such disclosure is to be treated
 as being of confidential in nature.

**12.5** The
 Company Group has complied in all respects with the requirements of the Relevant Authorities with regard to company names, business
 names and such names do not infringe the right of any third party.

**13.** **Employees** 

**13.1** The
 Company Group is fully compliant with all and any applicable laws, regulations, common law, judgments of its relevant jurisdictions
 connected with the employment of employees including without limitation those set out under the Employment Act 1955 of Malaysia,
 Immigration Act 1959/1963 of Malaysia, Industrial Relations Act 1967 of Malaysia, Employees Provident Fund Act 1991 of Malaysia,
 Employees Social Security Act 1969 of Malaysia, and Income Tax Act 1967 of Malaysia.

**13.2** The
 Vendor are not aware of any outstanding claim against the Company Group by any person who is now, or has been, an officer or employee
 of the Company Group and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) no
 disputes have arisen between the Company Group and any material number or category of employees during the preceding three (3) years;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) there
 are not present circumstances which are likely to give rise to any such disputes.

**13.3** There
 are no outstanding:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 service agreement or contract between the Company Group and any of its directors, officers, executives or employees which the Company
 cannot terminate by giving twelve (12) weeks' notice or less without giving rise to any claim for damages or compensation;
 or

(b) any
 recognition or other agreement or arrangement (whether or not legally binding) between the Company Group and any trade union, or
 other body representing its employee.

**13.4** The
 Company Group has discharged its obligations in full in relation to salary, wages, fees, commission, bonuses, overtime pay, holiday
 pay, sick pay and all other benefits and emoluments relating to its employees, directors and consultants in respect of all prior
 periods.

**13.5** No
 liability has been incurred, and no liability may be incurred, by the Company Group for breach of any contract of employment or consultancy
 agreement with any employee or consultant of the Company Group, including redundancy payments, protective awards, compensation for
 wrongful dismissal, unfair dismissal or for failure to comply with any order for the reinstatement or re-engagement of any employee
 of the Company Group.

**14.** **Taxation** 

**14.1** **General** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 returns, computations and payments, which should be, or should have been, made by the Company Group for any tax purpose, have been
 prepared on a proper basis and submitted within the prescribed time limits, and are up to date and correct.

(b) None
 of the returns, computations and payments referred to in Paragraph 14.1(a) is now, or is likely to be, the subject of any dispute
 with any Tax Authority or will give rise to any disallowance of relief, allowance, deduction or credit, or any assessment (including
 any claim by the Tax Authority for any penalty, interest, surcharge or fine).

(c) No
 Tax Authority has investigated, or indicated that it intends to investigate, the tax affairs of the Company.

(d) All
 Taxation liabilities of the Company (including contingent and deferred liabilities as at the Accounting Date) are fully provided
 for in the Accounts.

(e) The
 books and records of the Company are up to date, and contain sufficient detail in appropriate form to enable Taxation liability of
 the Company to be established, and to determine the Tax consequences which would arise on any disposal or realisation of any asset
 owned at the Accounting Date, or acquired after the Accounting Date prior to Completion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) No
 event has occurred which will result in the Company becoming liable to pay, or to bear, any Taxation which is primarily or directly
 chargeable against, or attributable to, any person, firm, or company other than the Company.

(g) All
 rents, interest, annual payments and other sums of an income nature, paid during, or in respect of, the three (3) years ending on
 the Accounting Date, or payable by the Company, or to which the Company is under an obligation to pay in the future, are wholly allowable
 as deductions or charges in computing profits for the purposes of corporation tax.

(h) The
 Company has not, during the three (3) years ended on the Accounting Date, made any payment to, or provided any benefit for, any officer
 or employee, which is not allowable as a deduction in calculating the profits of the Company for Taxation purposes in the accounting
 period in which it was paid.

(i) Since
 the Accounting Date, the Company has not been involved in any transaction which has given, or may give, rise to a liability to Taxation
 on the Company (or would have given, or might give, rise to such a liability but for the availability of any relief, allowance deduction
 or credit), other than corporation tax on normal trading income of the Company (as opposed to the chargeable gains or deemed income)
 arising from transactions entered in the ordinary course of business.

**14.2** **Stamp Duty** 

All documents in the possession, or under the control, of the Company, to which it has been a party and which attract stamp duty have been properly stamped. No documents are presently subject to adjudication of claims for exemption or relief, and there are no circumstances which may result in the Company being liable for any interest or penalties.

**15.** **Good Standing** 

**15.1** No
 receiver, administrative receiver or administrator has been appointed, nor any notice given, petition presented, or order made, for
 the appointment of any such person over the whole, or any part, of the assets or undertaking of the Company Group or the Vendor.

**15.2** No
 petition has been presented, no order has been made and no resolution has been passed, for the winding up of the Company or the Company
 Group, or for the appointment of a liquidator of the Company or the Company Group.

**15.3** No
 voluntary arrangement has been proposed, or is in force, under the CA 2016 in respect of the Company Group.

**15.4** The
 Company Group has not stopped payment, nor is it insolvent or unable to pay its debts as and when they fall due.

**15.5** No
 unsatisfied judgment is outstanding against the Company Group.

**15.6** No
 distress, execution or other process has been levied in respect of the Company Group which remain undischarged, nor is there any
 unfulfilled or unsatisfied judgment or court order outstanding against the Company Group.

**15.7** There
 are not pending, or in existence, any investigations or inquiries by, or on behalf of, any governmental or other body, in respect
 of the affairs of the Company Group.

**15.8** None
 of the activities, contracts or rights of the Company Group is ultra vires, unauthorised, invalid or unenforceable, or in breach
 of any contract or covenant.

**15.9** The
 Company has at all times carried on business, and conducted its affairs, in all respects in accordance with its memorandum and articles
 of association for the time being in force, and any other documents to which it is, or has been, a party.

**15.10** The
 Company Group is empowered and duly qualified to carry on business in all jurisdictions in which it now carries on business

**16.** **Data Protection** 

the Company is not aware of any material non-compliance with applicable data protection laws and guidelines in Malaysia or the British Virgin Islands and has not received any notices from any Relevant Authorities nor has it received any claims from individuals for breach of applicable data protection laws, guidelines in Malaysia or Relevant Authorities.

*[The rest of this page is intentionally left blank]*

 

**FOURTH SCHEDULE**

 

**PARTICULARS OF COMPANY GROUP**

---

| | | |
|:---|:---|:---|
| **Company** | **Licences** | **Licences** |
| Green Marine Energy Sdn Bhd | 1. | ISCC EU (International Sustainability and Carbon Certification) dated 23 June 2025 |
|  | 2. | ISCC PLUS (International Sustainability and Carbon Certification) dated 23 June 2025 |
|  | 3. | Palm Oil Dealer Licence dated 5 February 2026 |
| Green Marine Supply Sdn Bhd | 1. | ISCC EU (International Sustainability and Carbon Certification) dated 23 June 2025 |
|  | 2. | ISCC PLUS (International Sustainability and Carbon Certification) dated 23 June 2025 |
|  | 3. | Palm Oil Dealer Licence issued by Malaysian Palm Oil Board dated 1 October 2025 |
|  | 4. | PDA 4 Licence – Marketing and Wholesale Distribution of Petroleum dated 29 August 2023 |
|  | 5. | PDA 2 Licence- Bunkering Services dated 13 May 2024 |
|  | 6. | Licence under the Malaysian Biofuel Industry Act 2007 dated 5 December 2024 |

---

**FIFTH SCHEDULE**

**FORM OF CORPORATE GUARANTEE**

**[**Date**]**

**[●]**

[insert address]

**Attention: [●]**

Dear Sirs,

**SHARE SALE AND PURCHASE AGREEMENT DATED [●] BETWEEN FINANCENT (HK) LIMITED ("VENDOR") AND BANLE INVESTMENT HOLDINGS LIMITED ("PURCHASER") ("AGREEMENT")**

**GUARANTEE IN RELATION TO THE AGREEMENT ("GUARANTEE")**

We refer to the matter above. In consideration of the Vendor agreeing to sell to the Purchaser and the Purchaser being willing to purchase the (\*\*) ordinary shares of Green Marine Energy Holdings Limited (Company No. 2116321) under the Agreement, we, CBL International Limited (Company No. \*\*) (the "**Covenantor**"), hereby unconditionally and irrevocably guarantee and undertake to the Vendor and agree as follows:-

1. The
 Covenantor unconditionally and irrevocably guarantees to the Vendor, as a primary obligor, the due and punctual payment of the Deferred
 Consideration. If the Purchaser fails to pay any part of the Deferred Consideration when due, the Covenantor shall, upon receipt
 of a first written demand from the Vendor (which demand may be made at any time after the due date), immediately pay to the Vendor
 the outstanding amount of the Deferred Consideration in accordance with the terms of the Agreement. This guarantee is a primary,
 independent, continuing and irrevocable obligation of the Covenantor and shall not be affected by any exhaustion of remedies against
 the Purchaser or any other matter whatsoever.

2. The
 winding-up, liquidation, receivership or insolvency of the Purchaser shall not affect or determine the liability of the Covenantor
 under this Letter. This Guarantee shall not be discharged or affected by any variation, amendment, extension of time, indulgence
 granted to the Purchaser, or any other act or omission whatsoever.

3. This
 Letter shall remain in full force and effect notwithstanding any change in the constitution or shareholding of the Purchaser.

4. Nothing
 herein shall be deemed to make the Covenantor a party to the Agreement or render the Covenantor a primary obligor thereunder save
 as expressly provided in this Guarantee.

5. This
 Letter shall be governed by and construed in accordance with the same governing law as the Agreement, and the parties agree that
 the courts specified in the Agreement shall have jurisdiction in relation to any dispute arising out of or in connection with this
 Letter.

6. For
 the purposes of this Letter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 capitalised terms used in this Letter shall have the same meaning ascribed to them in the Agreement; and

(b) the
 provisions of the Agreement relating to payment mechanism, notice provisions and dispute resolution shall apply to this Letter

 **EXECUTED and DELIVERED** as
a **DEED** by)) 
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;,) ) authorised signatory
for CBL International Limited) in the
presence of:

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**Press Release**

**For immediate release**

**CBL INTERNATIONAL LIMITED**<br> (Incorporated in Cayman Islands with limited liabilities)<br> (NASDAQ: BANL)

**CBL International Limited Acquires Majority Stake in Green Marine Energy Holdings Limited**

***Expanding Sustainable Fuel Material Trading Business in Malaysia to support SAF and biofuel industries***

 ****

Kuala Lumpur, 22 April 2026 — **CBL International Limited** (NASDAQ: BANL) ("CBL" or the "Company"), a Nasdaq-listed marine fuel logistics and bunkering facilitator of **Banle Group** ("Banle" or "the Group") focused on the Asia-Pacific region, today announced the acquisition of a 50.5% majority stake in **Green Marine Energy Holdings Limited** ("GMH"), a British Virgin Islands incorporated company. The transaction will be executed by CBL's wholly-owned subsidiary, which has signed the Share Sale and Purchase Agreement (the "SPA") as the buyer. To support the transaction, CBL will provide a corporate guarantee to the sellers, securing the payment obligations of its subsidiary.

GMH operates two complementary businesses in Malaysia: feedstock trading for sustainable aviation fuel (SAF) and biofuels, and ship biofuel supply together with traditional bunkering services. The feedstock trading arm holds the necessary licenses to source and trade raw materials used in SAF and biofuel production, supported by an established network of suppliers and customers. Its bunkering operations include a license to supply both conventional bunker fuel and biofuels within Malaysian waters.

This strategic investment aligns with growing global emphasis on environmental, social, and governance (ESG) considerations and evolving regulatory requirements in the maritime and aviation sectors. CBL's financial resources and operational expertise in marine fuel logistics are expected to support GMH's expansion, complementing it to scale its feedstock trading activities and explore opportunities to supply SAF-related producers in Malaysia.

Malaysia is seeing increased investment in sustainable fuel infrastructure, with new commercial-scale SAF production facilities opening and planned in the country. These developments further underscore the potential for feedstock demand in the region.

In the bunkering segment, GMH's license positions the combined group to develop traditional and biofuel bunkering supply capabilities at key Malaysian ports, including Port Klang—one of the world's top ten ports by throughput. This builds on CBL's existing bunkering facilitation services and supports the industry's transition toward lower-carbon marine fuels.

Dr. Teck Lim Chia, Chairman and Chief Executive Officer of CBL, commented: "This acquisition represents a measured step to broaden our presence in the sustainable energy supply chain while leveraging our core strengths in marine fuel services. We look forward to working with the GMH team to support the responsible growth of these businesses in line with market developments."

The transaction is expected to enhance CBL's long-term positioning in the evolving marine and energy sectors without altering the Company's primary focus on its established bunkering facilitation activities.

**About the Banle Group**

CBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 70 major ports covering Australia, Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Netherlands, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of 17 April, 2026. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications, as well as EcoVadis Silver Medal.

For more information about our company, please visit our website at: <u>https://www.banle-intl.com.</u>

**Forward-Looking Statements**

Certain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as "believe," "may," "could," "will," "estimate," "continue," "anticipate," "intend," "expect," "plan," "should," "would," "future," "outlook," "potential," "project" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of BANL's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, fuel prices and tariffs, market, financial, political and legal conditions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.

**CBL INTERNATIONAL LIMITED<br> (Incorporated in Cayman Islands with limited liabilities)**

**For more information, please contact:<br> CBL International Limited**<br> Email: <u>investors@banle-intl.com</u>