Hong Kong, April 11, 2025 — PTL Limited (NASDAQ: PTLE), a well-established bunkering facilitator that offers marine fuel logistics for vessel refueling in the Asia Pacific region, today announced the completion of its public offering (the “Offering”) of 23,800,000 ordinary shares, priced at $0.30 each.

The offering generated gross proceeds of approximately $7.14 million, before deducting placement agent fees and other offering-related expenses.

Revere Securities LLC served as the exclusive placement agent for the Offering. Pacific Century Securities, LLC advised the Company on the Offering.

Ortoli Rosenstadt LLP provided U.S. securities law counsel to the Company. Hunter Taubman Fischer & Li LLC served as U.S. securities counsel for the placement agent.

The securities mentioned were offered according to a registration statement on Form F-1, as amended (File No. 333-286108) (the “Registration Statement”), which the U.S. Securities and Exchange Commission (the “SEC”) declared effective on March 31, 2025. The Offering was conducted via a prospectus included in the Registration Statement. The final prospectus for the Offering has been filed with the SEC and is available on its website. Copies of the final prospectus can be obtained from Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY 10022, at +1 (212) 688-2350.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall any sale of these securities occur in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.

About PTL Limited

Based in Hong Kong, we are an established bunkering facilitator that specializes in providing marine fuel logistics services for refueling vessels, including container ships, bulk carriers, general cargo vessels, and chemical tankers. We focus on serving the Asia Pacific market, leveraging our strong relationships and partnerships within the marine fuel logistics industry, including upstream suppliers and downstream customers, to offer a comprehensive vessel refueling solution.

Forward-Looking Statements

This announcement contains certain forward-looking statements that involve risks and uncertainties. These statements are based on the Company’s current expectations and projections regarding future events that may affect its financial condition, operating results, business strategy, and financial needs. These statements can often be identified by terms like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. While the Company believes these forward-looking statements are reasonable, it cannot guarantee their accuracy. The Company advises investors that actual results may differ materially from anticipated results and encourages them to review the risk factors in the Company’s final prospectus and other SEC filings before making investment decisions. The Company does not undertake to update or revise any forward-looking statements to reflect new events, circumstances, or changes in expectations, except as required by law.

For investor and media inquiries, please contact:

PTL Limited
Investor Relations
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