CONTIOCEAN (02613): Successfully acquired the assets located in Jiangsu through public bidding.

CONTIOCEAN (02613) announced that the board of directors is pleased to confirm that the tender successfully concluded on August 28, 2026, and the seller, Shanghai Electric Group Runtong (Rugao) Construction Technology Co., Ltd., entered into the contract with the buyer, Huige (Jiangsu) Marine Equipment Manufacturing Co., Ltd. (a wholly-owned subsidiary of the company, acting as the winner of the bid) on September 1, 2026. According to the contract, the seller agrees to transfer the land use rights of the land and the ownership of the property and equipment to the buyer for approximately RMB 78.47 million (excluding tax). The land, located at No. 6 Kangye Road, Changjiang Town, Rugao City, Nantong City, Jiangsu Province, People's Republic of China, has a site area of approximately 67,736 square meters. Based on all reasonable inquiries made by the board of directors, it is understood that the remaining lease term of the land is approximately 43 years and will expire on January 21, 2069. The property, which is situated on the land, has a total site area of approximately 37,930.77 square meters. The property was built in 2021. It includes an office building, factory, and security room listed in the online trading system inventory; and the equipment comprises a set of auxiliary facilities and 20 bridge cranes listed in the online trading system inventory. The board of directors believes that, given the land and property are located in Nantong City, which boasts one of the most developed shipbuilding and marine equipment supporting industries in the Yangtze River Delta and even in all of China, the acquisition demonstrates significant clustering advantages in high-end equipment manufacturing. The acquisition aims to expand the group's production capacity, aligning with the company's fundraising objectives and designated use of proceeds. Furthermore, the acquisition will enable the company to provide efficient and high-quality professional supporting services, significantly enhancing the group's high-end manufacturing capabilities and market responsiveness. Therefore, the board of directors believes that the acquisition is fair and reasonable and in the best interests of the company and its shareholders as a whole.