Indonesia, April 28 -- The Board of Directors ("Board") of Mooreast Holdings Ltd. ("Mooreast" or the "Company"), and together with its subsidiaries, the "Group") wishes to provide an update on several recent developments:

Completion of Multi-Buoy Mooring Upgrade Project at Gulf of Thailand

Further to the Company's announcement dated 12 November 2024, Mooreast wishes to update that the project to upgrade a multi-buoy mooring ("MBM") system off the eastern shore of the Gulf of Thailand was completed recently. The Group expects to recognise approximately S$8.8 million for this project in the first half of the financial year ending 31 December 2025 ("1H2025").

The successful completion underscores the Group's capabilities to handle sizeabl...