CONTIOCEAN (02613) recommends acquiring such assets located in Jiangsu through public bidding.

CONTIOCEAN (02613) announced that the company will submit a bid on August 25, 2026, for the proposed acquisition of assets being sold through public tender by the seller Shanghai Electric Group Concrete (Rugao) Construction Technology Co., Ltd. (the proposed acquisition matters). According to the provisions in the public tender announcement, the successful bidder must sign a transaction confirmation letter and a transaction contract with the seller within five business days after becoming the successful bidder. The land is located at No. 6 Kangye Road, Changjiang Town, Rugao City, Nantong, Jiangsu Province, People's Republic of China, with a plot area of approximately 67,736 square meters. The property located on this land has a total area of about 37,930.77 square meters and was built in 2021. The property includes office buildings, workshops, and a security room as listed in the online trading system inventory. The equipment consists of a set of auxiliary facilities and 19 bridge cranes, as indicated in the online trading system inventory. The land is situated in Nantong, an area that boasts one of the most developed shipbuilding and marine equipment supporting industries in the Yangtze River Delta and even in all of China, showcasing a significant agglomeration advantage in high-end equipment manufacturing. The proposed acquisition aims to expand the Group's production capacity, aligning with the company's fundraising objectives and designated use of the funds. Furthermore, it 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.