【LFG 5255 交流专区】（前名 ICON）

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) COMBINATION OF TRANSACTIONS
Description	ICON OFFSHORE BERHAD ("ICON" OR "COMPANY")EXECUTION OF BINDING TERM SHEETS IN RELATION TO THE PROPOSED ACQUISITIONS (AS DEFINED IN THE ATTACHMENT)
On behalf of the Board of Directors of ICON, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that the Company has, on 30 August 2024, entered into separate binding term sheets with the respective vendors in relation to the Proposed Acquisitions (as defined in the attachment). Please refer to the attachment for further details. This announcement is dated 30 August 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3480180

Attachments ICON Offshore Berhad_Announcement on Execution of Term Sheets 30 August 2024.pdf

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

ICON OFFSHORE BERHAD

Particulars of Substantial Securities Holder

Name	YINSON OFFSHORE SERVICES SDN. BHD.
Address	Level 16, Menara South Point, Mid Valley City, Medan Syed Putra Selatan, Kuala Lumpur 59200 Wilayah Persekutuan Malaysia.
Company No.	201901042829 (1352159-D)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name of registered holder	Yinson Offshore Services Sdn. Bhd.
Address of registered holder	Level 16, Menara South Point, Mid Valley City, Medan Syed Putra Selatan,59200 Kuala Lumpur,Wilayah Persekutuan

Date interest acquired & no of securities acquired
Date interest acquired	28 Jan 2025
No of securities	181,818,182
Circumstances by reason of which Securities Holder has interest	Consideration for the acquisition of 70% ordinary shares and 100% non-convertible redeemable preference shares in Regulus Offshore Sdn. Bhd. and 100% ordinary shares in Yinson Camellia Sdn. Bhd. by Icon Offshore Berhad ("Icon") from Yinson Offshore Services Sdn. Bhd. The consideration was satisfied via the issuance of 181,818,182 new Icon shares.
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	181,818,182
Direct (%)	22.574
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	04 Feb 2025
Date notice received by Listed Issuer	04 Feb 2025

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ICON - CHANGE OF NAME

ICON OFFSHORE BERHAD

Kindly be advised that the aforesaid Company has changed its name to Lianson Fleet Group Berhad. As such, the Company’s securities will be traded and quoted under the new name with effect from 9.00 a.m., Friday, 7 February 2025.

The Stock Short Name will be changed as follows:

Old Name	Old Stock Short Name	New Name	New Stock Short Name
ICON OFFSHORE BERHAD	ICON	LIANSON FLEET GROUP BERHAD	LFG
ICON OFFSHORE BERHAD -   WARRANTS A 2020/2028	ICON-WA	LIANSON FLEET GROUP BERHAD - WARRANTS A   2020/2028	LFG-WA

The Stock Number remains unchanged.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	77,847	42,165	235,781	199,788
2	Profit/(loss) before tax	25,877	-1,169	32,901	12,786
3	Profit/(loss) for the period	26,752	-2,102	27,069	6,613
4	Profit/(loss) attributable to ordinary equity holders of the parent	42,420	-1,536	45,038	4,856
5	Basic earnings/(loss) per share (Subunit)	7.11	-0.28	7.55	0.90
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	5.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.7100		0.6400

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Type	Announcement
Subject	OTHERS
Description	LIANSON FLEET GROUP BERHAD (FORMERLY KNOWN AS ICON OFFSHORE BERHAD)("LFG" OR "THE COMPANY") - JOINT VENTURE AGREEMENT BETWEEN LFG, PRECIOUS SHIPPING (SINGAPORE) PTE LIMITED ("PSSP") AND EMSTRAITS NAVIGATION SDN BHD ("ENSB")
The Board of Directors of LFG wishes to announce that LFG had on 21 March 2025 entered into a Joint Venture Agreement with PSSP and ENSB to establish a joint venture company, primarily engaging in ship owning, ship operations, all types of leasing and maritime services. Please refer to the attachment for further details. The announcement is dated 21 March 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3536923

Attachments Joint Venture Agreement - 210325.pdf

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LIANSON FLEET GROUP BERHAD

Date of change	03 Apr 2025
Name	MISS NG YNG YNG
Age	36
Gender	Female
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Degree Bachelor of Commerce in Accounting and International Commerce Monash University, Clayton Campus, Australia 2 Professional Qualification Fellow Certified Practicing Accountants (FCPA) Australia Certified Practicing Accountants
Working experience and occupation	Ms. Ng Yng Yng (“Ms. Ng”) is a finance professional with over 14 years of experience. She began her career with PricewaterhouseCoopers PLT (“PwC”) after graduating with a Bachelor of Commerce in Accounting and International Commerce from Monash University, Clayton Campus, Australia. Her last position with PwC was Senior Manager, Assurance. Prior to joining Lianson Fleet Group Berhad (formerly known as Icon Offshore Berhad), she held the position of Chief Operating Officer / Chief Transformation Officer in Servay Evergreen Group of Companies since 2020 and the Project Controller of EG Development (Sabah) Sdn. Bhd. since 2023.Ms. Ng is also a member of the Institute of Internal Auditors (IIA) and the Project Management Institute (PMI).
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Nil

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Type	Announcement
Subject	OTHERS
Description	LIANSON FLEET GROUP BERHAD (FORMERLY KNOWN AS ICON OFFSHORE BERHAD) ("LFG" OR "THE COMPANY") - PROPOSED DISPOSAL OF VESSEL BY ICON AZRA (L) INC., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF LFG

1. INTRODUCTION

The Board of Directors of LFG (“the Board”) wishes to announce that Icon Azra (L) Inc., an indirect wholly-owned subsidiary of LFG had on 4 April 2025 entered into a Memorandum of Agreement (“MOA”) for the proposed disposal of Icon Azra (“Vessel”) for a total cash consideration of USD6.90 million (approximately RM30.73 million based on Bank Negara Malaysia’s USD/MYR exchange rate as at 5:00 p.m. on 3 April 2025, being the latest practicable date prior to this announcement) (“Consideration”) to P&O Maritime Offshore AHTSV FZE (“Proposed Disposal”).

2. DETAILS OF THE PROPOSED DISPOSAL

The Vessel is a Malaysian flagged DP-1 Anchor Handling and Supply Tug (AHTS) built in 2013, with a deadweight tonnage of 1,374 tonnes and capable of a static bollard pull of 65 tonnes. The Vessel was acquired in June 2013 at a cost of RM49.26 million, and its net carrying value as of 31 March 2025 was RM21.80 million.

P&O Maritime Offshore AHTSV FZE (“Purchaser”) is incorporated in Dubai, United Arab Emirates, and is principally engaged in maritime services and offshore vessel operations. The Purchaser is a wholly-owned subsidiary of P&O Maritime Offshore FZE, incorporated in the United Arab Emirates, and its directors comprise Amit Jalan, Narayana Prasad Narumanchi Venkata Lakshmi, and Paul Wilkinson.

There are no liabilities, contingent or otherwise, that will remain, nor will any guarantees be given by LFG in relation to the Proposed Disposal.

3. BASIS AND JUSTIFICATION FOR THE CONSIDERATION

The Consideration was arrived at based on a willing-buyer and willing-seller basis. The Vessel was last valued at USD6.50 million in December 2024, based on valuation conducted by an independent vessel valuer.

4. RATIONALE FOR THE PROPOSED DISPOSAL

The Proposed Disposal is part of LFG’s ongoing fleet rejuvenation efforts to modernise and replace its fleet in line with the evolving market demands of the oil and gas industry. This also aligns with LFG’s rebranding and long-term strategy to diversify from being a pure-play Offshore Support Vessel (OSV) player into other vessel asset classes, supporting our pivot towards new markets and strengthening our long-term growth and operational flexibility.

5. UTILISATION OF PROCEEDS

The net proceeds from the Proposed Disposal will be utilised for general corporate purposes and to support LFG’s future growth and strategic initiatives.

6. FINANCIAL EFFECTS OF THE PROPOSED DISPOSAL

The Proposed Disposal will not have any effect on the issued share capital or shareholdings of the substantial shareholders of LFG. The estimated gain on disposal (net of associated costs) for the Proposed Disposal of approximately RM8.01 million is expected to contribute positively to LFG’s earnings, net assets, and gearing for the financial year ending 31 December 2025.

7. APPROVALS REQUIRED

The Proposed Disposal, being transacted in the ordinary course of business, is not subject to the approval of the shareholders of LFG or any other relevant government authorities.

8. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS, AND PERSONS CONNECTED

None of the directors, major shareholders, or persons connected to them have any interest, whether direct or indirect, in the Proposed Disposal.

9. DIRECTORS’ STATEMENT

The Board, having considered all aspects of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interests of LFG.

10. ESTIMATED TIMEFRAME FOR COMPLETION

Barring unforeseen circumstances, the Proposed Disposal is expected to be completed by the end of April 2025.

11. DOCUMENT AVAILABLE FOR INSPECTION

The MOA is made available for inspection during normal business hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement at the registered office of LFG at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, W.P. Kuala Lumpur.

This announcement is dated 4 April 2025.

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LIANSON FLEET GROUP BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Special Issue
Details of corporate proposal	Proposed Acquisition of 49,000 Ordinary Shares in Icon Bahtera (B) Sdn Bhd ("Icon Bahtera"), representing 49% of the issued and paid-up share capital of Icon Bahtera, and 3,011,000 outstanding Redeemable Preference Shares in Icon Bahtera, by Lianson Fleet Group Berhad (formerly known as Icon Offshore Berhad) ("LFG") from Zell Transportation Sdn Bhd for a purchase consideration of RM33.7 million to be wholly satisfied via issuance of 38,295,455 new Ordinary Shares in LFG ("Consideration Shares") at an issue price of RM0.88 per Consideration Share
No. of shares issued under this corporate proposal	38,295,455
Issue price per share	Malaysian Ringgit (MYR)   0.8800
Par Value (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	843,727,288
Issued Share Capital	Malaysian Ringgit (MYR) 583,592,987.400
Listing Date	16 May 2025
2. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Special Issue
Details of corporate proposal	Proposed Acquisition of 450,000 Ordinary Shares in Icon Waja (L) Inc. ("Icon Waja"), representing 15% of the issued share capital of Icon Waja, by Lianson Fleet Group Berhad (formerly known as Icon Offshore Berhad) ("LFG") from Zell Transportation Sdn Bhd for a purchase consideration of RM9.8 million to be wholly satisfied via issuance of 11,136,364 new Ordinary Shares in LFG ("Consideration Shares") at an issue price of RM0.88 per Consideration Share
No. of shares issued under this corporate proposal	11,136,364
Issue price per share	Malaysian Ringgit (MYR)   0.8800
Par Value (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	854,863,652
Issued Share Capital	Malaysian Ringgit (MYR) 593,392,987.720
Listing Date	16 May 2025

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2025

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2025	31 Mar 2024	31 Mar 2025	31 Mar 2024
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	57,251	30,543	57,251	30,543
2	Profit/(loss) before tax	11,960	-26,515	11,960	-26,515
3	Profit/(loss) for the period	10,290	-25,645	10,290	-25,645
4	Profit/(loss) attributable to ordinary equity holders of the parent	11,366	-23,601	11,366	-23,601
5	Basic earnings/(loss) per share (Subunit)	1.53	-4.36	1.53	-4.36
6	Proposed/Declared dividend per share (Subunit)	1.00	0.00	1.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.7900		0.7100

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LIANSON FLEET GROUP BERHAD

Entitlement subject	First Interim Dividend
Entitlement description	Single-tier interim dividend of 1 sen per ordinary share
Ex-Date	30 Jul 2025
Entitlement date	31 Jul 2025
Entitlement time	5:00 PM
Financial Year End	31 Dec 2025
Period
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date	14 Aug 2025
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	31 Jul 2025
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Announced Currency	Malaysian Ringgit (MYR)
Disbursed Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	Malaysian Ringgit (MYR) 0.0100

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Type	Announcement
Subject	OTHERS
Description	LIANSON FLEET GROUP BERHAD (FORMERLY KNOWN AS ICON OFFSHORE BERHAD) ("LFG" OR "THE COMPANY") - PROPOSED DISPOSAL OF VESSEL BY OMNI VICTORY (L) INC., AN INDIRECT WHOLLY- OWNED SUBSIDIARY OF LFG
1. INTRODUCTION The Board of Directors of LFG (“the Board”) wishes to announce that Omni Victory (L) Inc., an indirect wholly-owned subsidiary of LFG had on 4 June 2025 entered into a Memorandum of Agreement (“MOA”) for the proposed disposal of Omni Victory (“Vessel”) for a total cash consideration of USD7.60 million (approximately RM32.02 million based on Bank Negara Malaysia’s USD/MYR exchange rate as at 5:00 p.m. on 30 June 2025, being the latest practicable date prior to this announcement) (“Consideration”) to Huashun Shipping (Liberia) Inc. (“Proposed Disposal”). 2. ​DETAILS OF THE PROPOSED DISPOSAL The Vessel is a Malaysian-flagged DP-2 Anchor Handling and Supply Tug (AHTS) built in 2010, with a deadweight tonnage of 2,524 tonnes and capable of a static bollard pull of 108 tonnes. The Vessel was acquired in March 2011 at a cost of RM65.82 million, and its net carrying value as of 31 May 2025 was RM22.57 million. Huashun Shipping (Liberia) Inc. (“Purchaser”) is incorporated in the Republic of Liberia on 19 August 2022 and is a wholly-owned subsidiary of Shenzhen Huawei Offshore Shipping Transport Co., Ltd. Its directors comprise Mr Liang Zhibin and Ms Bu Yan. There are no liabilities, contingent or otherwise, that will remain, nor will any guarantees be given by LFG in relation to the Proposed Disposal. 3. ​BASIS AND JUSTIFICATION FOR THE CONSIDERATION The Consideration was arrived at based on a willing-buyer and willing-seller basis. The Vessel was last valued at USD5.70 million in December 2024, based on a valuation conducted by an independent vessel valuer. 4. RATIONALE FOR THE PROPOSED DISPOSAL The Proposed Disposal is part of LFG’s ongoing fleet rejuvenation efforts to modernise and replace its fleet in line with the evolving market demands of the oil and gas industry. This also aligns with LFG’s rebranding and long-term strategy to diversify from being a pure-play Offshore Support Vessel (OSV) player into other vessel asset classes, supporting our pivot towards new markets and strengthening our long-term growth and operational flexibility. 5. ​UTILISATION OF PROCEEDS The net proceeds from the Proposed Disposal will be utilised for general corporate purposes and to support LFG’s future growth and strategic initiatives. 6. FINANCIAL EFFECTS OF THE PROPOSED DISPOSAL The Proposed Disposal will not have any effect on the issued share capital or shareholdings of the substantial shareholders of LFG. The estimated gain on disposal (net of associated costs) for the Proposed Disposal of approximately RM8.15 million is expected to contribute positively to LFG’s earnings, net assets, and gearing for the financial year ending 31 December 2025. 7. APPROVALS REQUIRED The Proposed Disposal, being transacted in the ordinary course of business, is not subject to the approval of the shareholders of LFG or any other relevant government authorities. 8. ​INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS, AND PERSONS CONNECTED None of the directors, major shareholders, or persons connected to them has any interest, whether direct or indirect, in the Proposed Disposal. 9. ​DIRECTORS’ STATEMENT The Board, having considered all aspects of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interests of LFG. 10. ​ESTIMATED TIMEFRAME FOR COMPLETION Barring unforeseen circumstances, the Proposed Disposal is expected to be completed by the end of August 2025. 11. ​DOCUMENT AVAILABLE FOR INSPECTION The MOA is made available for inspection during normal business hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement at the registered office of LFG at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, W.P. Kuala Lumpur. This announcement is dated 1 July 2025.

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LIANSON FLEET GROUP BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Special Issue
Details of corporate proposal	Proposed Acquisition of 100 Ordinary Shares in Liannex Fleet Pte Ltd ("Liannex Fleet"), representing 100% of the issued and paid-up share capital of Liannex Fleet, by Lianson Fleet Group Berhad (formerly known as Icon Offshore Berhad) ("LFG") from Liannex Corporation (S) Pte Ltd for a purchase consideration of RM182.0 million, to be wholly satisfied via issuance of 206,818,182 new Ordinary Shares in LFG ("Consideration Shares") at an issue price of RM0.88 per Consideration Share
No. of shares issued under this corporate proposal	206,818,182
Issue price per share	Malaysian Ringgit (MYR)   0.8800
Par Value (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	1,061,681,834
Issued Share Capital	Malaysian Ringgit (MYR) 775,392,988.000
Listing Date	21 Jul 2025
2. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Special Issue
Details of corporate proposal	Proposed Acquisition of 5,324,400 Ordinary Shares in Yinson Power Marine Sdn Bhd ("Yinson Power Marine"), representing 51% of the issued share capital of Yinson Power Marine, by Lianson Fleet Group Berhad (formerly known as Icon Offshore Berhad) ("LFG") from Mr Lim Han Weng for a purchase consideration of RM18.0 million to be wholly satisfied via issuance of 20,454,545 new Ordinary Shares in LFG ("Consideration Shares") at an issue price of RM0.88 per Consideration Share
No. of shares issued under this corporate proposal	20,454,545
Issue price per share	Malaysian Ringgit (MYR)   0.8800
Par Value (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	1,082,136,379
Issued Share Capital	Malaysian Ringgit (MYR) 793,392,988.000
Listing Date	21 Jul 2025

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LIANSON FLEET GROUP BERHAD

Particulars of substantial Securities Holder

Name	LIANNEX CORPORATION (S) PTE LTD
Address	28 Kranji Loop, #05-07/08, 739571 Singapore.
Company No.	199304670R
Nationality/Country of incorporation	Singapore
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	17 Jul 2025	206,818,182	Others	Direct Interest
	Name of registered holder	Liannex Corporation (S) Pte Ltd
	Address of registered holder	28 Kranji Loop, #05-07/08, Singapore 739571
	Description of "Others" Type of Transaction	Consideration Shares

Circumstances by reason of which change has occurred	Issuance of new shares by Lianson Fleet Group Berhad (formerly known as Icon Offshore Berhad) ("LFG") to Liannex Corporation (S) Pte Ltd arising from the acquisition of 100% ordinary shares in Liannex Fleet Pte Ltd by LFG from Liannex Corporation (S) Pte Ltd.
Nature of interest	Direct Interest
Direct (units)	206,818,182
Direct (%)	19.112
Indirect/deemed interest (units)	352,636,335
Indirect/deemed interest (%)	32.587
Total no of securities after change	559,454,517
Date of notice	21 Jul 2025
Date notice received by Listed Issuer	21 Jul 2025