• Binding MoU with Maritime Institute of Technology and Business (ITBM) Balik Diwa Makassar
• Collaboration to support development and operation of coastal seaweed cultivation site in Takalar Regency
• ITBM students to support cultivation, processing and R&D activities under supervision

BPH Global Ltd (ASX: BP8), a leading commercial seaweed supply and export company, has announced that its Indonesian operating subsidiary, PT BPH Global Indonesia, has executed a binding Memorandum of Understanding (MoU) with the Maritime Institute of Technology and Business (ITBM) Balik Diwa Makassar. The MoU establishes a general cooperation framework under which the parties will collaborate across education, research, development, innovation and operational activities, including human resource development, internships, training and applied research programs. The collaboration is intended to support the development, utilisation and industrial down streaming of R&D outputs, including work on emerging seaweed species such as Ulva lactuca and Caulerpa species. The MoU operates as a non-exclusive, overarching framework agreement, with ITBM acting as an academic, operational and potential strategic partner. Each specific activity, project or commercial engagement--including any investment, joint development or operational arrangements--will be subject to separate implementing agreements. The MoU is intended to support the commercial development and operation of the company's recently secured coastal site in Takalar Regency, located approximately 40-50 km south of Makassar. The site comprises approximately 3.4 hectares and is being developed as an integrated seaweed cultivation and processing hub, supporting sea grape (Caulerpa) cultivation, multi-species seaweed tank cultivation (including Ulva spp.), processing, drying and handling infrastructure, and downstream applications across food, nutraceutical and agricultural inputs. Initial engagement with ITBM will be implemented through structured student participation pursuant to a specific engagement agreement, with ITBM students expected to undertake internships, training and applied research placements, as well as support day-to-day site operations and participate in research and development activities under the supervision of the company's Chief Scientific Officer.

The MoU establishes a framework to explore broader commercial collaboration opportunities with ITBM, including potential participation in project development and site expansion.