SEACON (02409) plans to sell a ship and exercise an option to purchase another ship.

SEACON (02409) announced that on April 11, 2025 (after trading hours on the Stock Exchange), the seller Golden Daisy Limited (an indirect wholly-owned subsidiary of the Company) entered into an agreement with the buyer Marine Nexus Limited, whereby the seller agreed to sell and the buyer agreed to purchase the vessel for a price of $32.93 million USD. The vessel is currently leased to the seller by the owner under a bareboat charter. The seller intends to exercise the purchase option on the delivery date in accordance with the terms of the bareboat charter, to purchase the vessel at a maximum purchase option price of about $21 million USD. The vessel purchased by the seller through the exercise of the purchase option shall be further delivered to the buyer in accordance with the agreement.