On behalf of subsidiaries-SNC (Singapore): Purchased one bulk carrier from related party -Everprime Shipping Limited.

1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):
"Heng Shan" Capesize Bulker, 174,145 DWT.
2.Date of occurrence of the event:2024/04/23
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:
One Capesize Bulker for US$12,643,125.45-
4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be
disclosed): Both trading entities are wholly-owned subsidiaries of the Company.
5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company
and the trading counterparty, and the previous date and monetary amount of transfer:
1. Group operational strategy.
2. The identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: NA
6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction:NA
7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):NA
8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:The Purchase Price shall be paid in full within 3 months after the physical delivery day.
9.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit:According to the book value transfer as of March 31, 2024.
The board of directors.
10.Name of the professional appraisal firm or company and its appraisal price:Arrow Valuations, US$21,500,000.
11.Name of the professional appraiser:NA
12.Practice certificate number of the professional appraiser:NA
13.The appraisal report has a limited price, specific price, or special price:NA
14.An appraisal report has not yet been obtained:NA
15.Reason for an appraisal report not being obtained:NA
16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA
17.Name of the CPA firm:NA
18.Name of the CPA:NA
19.Practice certificate number of the CPA:NA
20.Broker and broker's fee:NA
21.Concrete purpose or use of the acquisition or disposal:Group operational strategy.
22.Any dissenting opinions of directors to the present transaction:NO
23.Whether the counterparty of the current transaction is a related party:YES
24.Date of the board of directors resolution:2024/4/23
25.Date of ratification by supervisors or approval by the audit committee:NA
26.The transaction is to acquire a real property or right-of-use asset from a related party:YES
27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies:NA
28.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations:NA
29.Any other matters that need to be specified:None