Platinum Gate Capital Pte. Ltd. Reduces Stake in TMD Energy Ltd to 4.488%

On April 30, 2026, Platinum Gate Capital Pte. Ltd., along with Mr. Tony Han Tan and Mr. Kwang Liong Djie, filed an amended Schedule 13G (Amendment No. 1) regarding their holdings in TMD Energy Ltd (TMDE). The filing reports that the group beneficially owns 1,057,561 ordinary shares, representing 4.488% of the company's outstanding shares. This reflects a decrease in ownership percentage to below the 5% threshold, as the previous ownership was not specified but the filing triggers the 'class of securities 5% or less' notification. Platinum Gate Capital Pte. Ltd. is the record holder of the shares, while Mr. Tan (80% owner) and Mr. Djie (20% owner) are deemed to have shared voting and dispositive power due to their control over the entity. All reporting persons are based in Singapore. The calculation is based on 23,565,000 ordinary shares outstanding as per the issuer's previous Form 20-F filing.