TMD Energy Announces 2-Yr Extension Of MOA With Double Corporate To Explore Strategic Collaboration For EU And Asia Markets

TMD Energy Limited (NYSE:TMDE) ("we" or the "Company" or "TMDEL"), together with its subsidiaries (the "Group" or "TMDEL Group"), a Malaysia and Singapore based service provider engaged in integrated bunkering services segment which involves ship-to-ship transfer of marine fuels, ship management services and vessel chartering services, today announced a two-year extension of its Memorandum of Agreement ("MOA") with bioenergy firm Double Corporate Sdn Bhd ("Double Corporate") to explore strategic collaboration for the EU and Asia markets.

Initially signed on June 18, 2025, the MOA establishes a framework for a proposed collaboration on sustainable bioenergy fuel solutions by both parties. While the original agreement was set for a one-year term, this extension adds an additional two years to the MOA from its current expiry date, maintaining all original terms and conditions.

This extension grants both parties additional time to continue discussions, comprehensively evaluate the proposed collaboration and explore potential participation in Malaysia and global markets with a two-year exclusivity period, and negotiate toward the execution of definitive agreements.