Zhangzidao: Intends to establish a joint venture company with Hai Fa Group and others.

Notice from Zhangzi Island: The company intends to jointly invest with Dalian Zhangzi Island Marine Development Group Co., Ltd., Dalian Maritime University Investment Management Co., Ltd., and Dalian Haifa Smart Technology Development Center to establish a joint venture company. The registered capital of the joint venture company is 37.5 million yuan, with Haifa Group contributing 19.125 million yuan, holding 51%; Zhangzi Island contributing 3.375 million yuan, holding 9%; Haifa Investment Management contributing 3 million yuan, holding 8%; and Haifa Smart Technology contributing 12 million yuan, holding 32%. The business scope of the joint venture company includes manufacturing of underwater systems and operational equipment, sales of underwater systems and operational equipment, sales of marine engineering equipment, manufacturing of marine engineering equipment, and manufacturing of diving and salvage equipment.