TMD Energy Limited to Hold Annual General Meeting of Shareholders on Wednesday, October 7, 2026 at 10:00 A.M. (Malaysia Time)

TMD Energy sets its 2026 AGM to vote on dual-class share authorization, updated governing documents, director elections and auditor ratification.

Rhea-AI Summary

TMD Energy Limited (TMDE) will hold its Annual General Meeting of shareholders on Wednesday, October 7, 2026 at 10:00 A.M. Malaysia Time in Petaling Jaya, Selangor, West Malaysia (October 6, 2026 at 10:00 P.M. Eastern Time).

Shareholders will be asked to approve the redesignation of the authorized share capital into 400,000,000 Class A Ordinary Shares and 100,000,000 Class B Ordinary Shares, and, subject to that approval, to adopt a second amended and restated memorandum and articles of association. Other proposals include the re-election of four directors for three-year terms, ratification of J&S Associate PLT as independent auditor for the fiscal year ended June 30, 2026, authorization for potential adjournment of the meeting to solicit further proxies, and the transaction of other duly notified business. The record date for voting eligibility is August 28, 2026, and meeting materials and proxy forms are available on the company’s website.

Key Figures

Annual general meeting: October 7, 2026 at 10:00 A.M. (Malaysia Time) Authorized share capital redesignation: 500,000,000 ordinary shares into 400,000,000 Class A Ordinary Shares and 100,000,000 Class B Ordinary Shares Director terms: Three-year term +1 more

Annual general meeting

October 7, 2026 at 10:00 A.M. (Malaysia Time)

Shareholder meeting

Authorized share capital redesignation

500,000,000 ordinary shares into 400,000,000 Class A Ordinary Shares and 100,000,000 Class B Ordinary Shares

Proposal One

Director terms

Three-year term

Proposed director re-election

Record date

August 28, 2026

Eligibility to receive notice and vote

Key Terms

ordinary resolution, special resolution, authorized share capital, proxy

4 terms

ordinary resolution regulatory

"To approve, by ordinary resolution, the redesignation and reclassification"

An ordinary resolution is a decision made by shareholders at a company meeting that is approved when more than half of the votes cast are in favor. Think of it like a household vote where a majority decides routine matters — it covers everyday corporate actions such as approving directors, routine policy changes, or distributions, and matters to investors because these majority-approved choices shape governance, management authority, and the company’s near-term direction.

special resolution regulatory

"To approve, by special resolution, subject to the approval of Proposal One"

A special resolution is a formal shareholder vote that requires a higher-than-normal majority—typically around three-quarters—to approve major corporate changes, such as altering the company’s governing rules, selling the business, or winding it up. It matters to investors because it signals decisive, potentially value-altering actions that cannot be passed by a simple majority; think of it as needing extra votes to change the rules of a club, so minority interests are harder to override.

authorized share capital financial

"the redesignation and reclassification of the authorized share capital"

The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.

proxy regulatory

"to attend and vote at the Annual General Meeting in person or by proxy"

A proxy is the authorization a shareholder gives to another person or document to cast votes on their behalf at a company meeting. Think of it like handing someone your voting ticket so they can represent your choices on board elections, executive pay, mergers and other big decisions; it matters because proxies determine who controls the company and which proposals pass, directly affecting share value and investor returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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KUALA LUMPUR, MALAYSIA, Sept. 10, 2026 (GLOBE NEWSWIRE) -- TMD Energy Limited (“TMDEL” or the “Company”) (NYSE American: TMDE), together with its subsidiaries, a Malaysia and Singapore based services provider engaged in integrated bunkering services, which involves ship-to-ship transfer of marine fuels, ship management services and vessel chartering services, today announced that it will hold an annual general meeting of shareholders of the Company (“Annual General Meeting”) at Dewan Presiden, Kelab Golf Negara Subang, Jalan SS 7/2, 47301 Petaling Jaya, Selangor, West Malaysia on Wednesday, October 7, 2026 at 10:00 A.M. (Malaysia Time) (October 6, 2026 at 10:00 P.M. Eastern Time).

The purpose of the Annual General Meeting is for the Company’s shareholders to consider, and if thought fit, pass and approve the following proposals:

1.	To approve, by ordinary resolution, the redesignation and reclassification of the authorized share capital of the Company from 500,000,000 ordinary shares into 400,000,000 Class A Ordinary Shares and 100,000,000 Class B Ordinary Shares.

2.	To approve, by special resolution, subject to the approval of Proposal One, the adoption of the second amended and restated memorandum and articles of association of the Company.

3.

To approve, by separate ordinary resolutions, the re-election of the following persons as directors of the Company (the “Directors”), each to serve for a three-year term or until such person ceases to be a Director in accordance with the Company’s amended and restated memorandum and articles of association (“M&A”):

	(a) Dato’ Sri Kam Choy Ho
	(b) Dato’ Leong Yan Yoong
	(c) Datin Fong Shiang Ng; and
	(d) Mr. Kok Chaw Leong

4.	To ratify, by ordinary resolution, the re-appointment of J&S Associate PLT (“J&S”) as the independent auditor of the Company for the fiscal year ended 30 June 2026, and to authorize the Board of Directors to fix the remuneration of J&S.

5.

To authorize, by ordinary resolution, the chairman of the Annual General Meeting to adjourn the Annual General Meeting to a later date or dates, if necessary, to permit further solicitation and voting of proxies if, based on the tabulated vote at the time of the Annual General Meeting, there are insufficient votes to approve any of Proposals One, Two, Three or Four above.

6.	To transact any other business of which due notice shall have been given in accordance with the Act and the Company’s M&A.

The board of directors of the Company (“Board of Directors”) has fixed the close of business on August 28, 2026 as the record date (“Record Date”) in order to determine the shareholders entitled to receive notice of the Annual General Meeting or any adjournment or postponement thereof, and to attend and vote at the Annual General Meeting. The Notice of Annual General Meeting and form of proxy for the Annual General Meeting are available on the Company’s website at www.tmdel.com.

Holders of the Company’s ordinary shares whose names are on the shareholder list of the Company at the close of business on the Record Date are entitled to attend and vote at the Annual General Meeting and any adjournment or postponement thereof in person or by proxy.

About TMD Energy Limited

TMDEL and its subsidiaries (“TMDEL Group”) are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil of which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. TMDEL Group is also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering. As of today, TMDEL Group operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels. For more information, please visit the Company’s website at: www.tmdel.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding the matters to be considered at the Annual General Meeting, the Company’s future business strategies, growth prospects, market opportunities, operational plans, and financial position. Forward-looking statements may be identified by the use of words such as “estimate”, “plan”, “project”, “forecast”, “intend”, “will”, “expect”, “anticipate”, “believe”, “seek”, “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether identified in this press release, and on the current expectations of the Company’s management and are not predictions of actual performance.

The Company cannot assure you the forward-looking statements in this press release will be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including those included under the heading “Risk Factors” in the Amendment No. 3 to the Company’s Registration Statement on Form F-1 filed with the SEC on February 27, 2025, and other filings with the SEC. There may be additional risks that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. However, while the Company may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this press release. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

For investor and media inquiries, please contact:

TMD ENERGY LIMITED

e-Mail : corporate@tmdel.com

WFS INVESTOR RELATIONS

e-Mail : services@wealthfsllc.com

FAQ

When and where will TMD Energy’s 2026 Annual General Meeting take place?

The Annual General Meeting will be held at Dewan Presiden, Kelab Golf Negara Subang, Jalan SS 7/2, 47301 Petaling Jaya, Selangor, West Malaysia, on Wednesday, October 7, 2026 at 10:00 A.M. Malaysia Time, which corresponds to October 6, 2026 at 10:00 P.M. Eastern Time.

What is the record date and who is entitled to vote at the AGM?

The board set the close of business on August 28, 2026 as the record date. Holders of the company’s ordinary shares whose names appear on the shareholder list at that time are entitled to receive notice of, attend, and vote at the Annual General Meeting and any adjournment or postponement, in person or by proxy.

What are the main proposals to be considered at the meeting?

Shareholders will consider: (1) redesignating authorized share capital into 400,000,000 Class A Ordinary Shares and 100,000,000 Class B Ordinary Shares; (2) adopting a second amended and restated memorandum and articles of association, subject to approval of Proposal One; (3) re-electing four directors, each for a three-year term or until they cease to be a director under the M&A; (4) ratifying J&S Associate PLT as independent auditor for the fiscal year ended June 30, 2026 and authorizing the board to fix its remuneration; (5) authorizing the chairman to adjourn the meeting if additional proxy solicitation is needed; and (6) transacting any other duly notified business.

Who are the director nominees up for re-election?

The director re-election proposals cover Dato’ Sri Kam Choy Ho, Dato’ Leong Yan Yoong, Datin Fong Shiang Ng, and Mr. Kok Chaw Leong, each proposed to serve for a three-year term or until that person ceases to be a director in accordance with the company’s amended and restated memorandum and articles of association.

Where can shareholders find the AGM notice and proxy form?

The Notice of Annual General Meeting and the form of proxy are available on the company’s website at www.tmdel.com.