[Shin-Kou] Wholly-Owned Subsidiary Norley Plans Acquisition of One Aframax Crude Oil Tanker Through Its 100%-Owned Subsidiary Claymore Limited

1. Name and nature of the subject asset (e.g., land located at XX Section, XX Minor Section, North District, Taichung City): Aframax crude oil tanker, 109,475 deadweight tons, built in 2016.

2. Date on which the event occurred: 115/8/19 ~ 115/8/19

3. Board approval date: August 19, Year 115 of the Republic of China

4. Other resolution dates: Not applicable

5. Quantity of units transacted (e.g., XX square meters, equivalent to XX ping), unit price, and total transaction amount: One Aframax tanker, USD 41 million.

6. Counterparty and its relationship with the company (if the counterparty is an individual and not a related party of the company, name disclosure may be omitted): KMARIN No.17E S.A., not a related party of the company.

7. If the counterparty is a related party, state the reason for selection, previous transferor, relationships among the company, counterparty, and previous transferor, previous transfer date, and transfer amount: Not applicable.

8. If the asset’s owner within the past five years was a related party of the company, disclose the related party’s acquisition and disposal dates, price, and relationship with the company at the time: Not applicable.

9. Estimated gain (or loss) on disposal (not applicable for asset acquisition; if deferred, provide recognition schedule): Not applicable.

10. Delivery or payment terms (including payment periods and amounts), contractual restrictions, and other important provisions: 10% deposit shall be paid into a third-party escrow account within three business days after contract signing and escrow account setup. The remaining 90% must be transferred into the escrow account three days prior to the scheduled delivery date and released to the seller upon delivery or within three business days after receipt of the readiness notice.

This transaction adopts a sale-and-leaseback structure. After completion of the transfer, the buyer acquires ownership of the vessel and leases it back to the seller under a bareboat charter agreement to maintain continuity of existing charter contracts and vessel operations. The bareboat charter period will align with the current charter term, expected to last until August 2029, with a one-year extension option to August 2030 as per contractual terms.

11. Transaction determination method (e.g., bidding, quotation comparison, negotiation), pricing reference basis, and decision-making body: Negotiation, by the company's board of directors.

12. Name of professional appraiser firm or company and appraisal amount: Not applicable.

13. Name of professional appraiser: Not applicable.

14. License number of professional appraiser: Not applicable.

15. Whether the appraisal report specifies a limited, specific, or special price: No or not applicable

16. Whether an appraisal report has not yet been obtained: No or not applicable

17. Reason for not obtaining an appraisal report: Not applicable.

18. Reasons for significant discrepancies in appraisal results and auditor's opinion: Not applicable.

19. Auditor firm name: Not applicable.

20. Auditor name: Not applicable.

21. Auditor license number: Not applicable.

22. Broker and brokerage fees: Not applicable.

23. Specific purpose or use of the acquisition or disposal: Fleet expansion.

24. Opinions of dissenting directors regarding this transaction: None.

25. Whether this transaction is a related-party transaction: No

26. Date of acknowledgment by supervisor or audit committee:

27. Whether this transaction involves acquiring real estate or right-of-use assets from a related party: No

28. Valuation amount under Article 16 of the 'Rules for Publicly Issued Companies on Acquiring or Disposing of Assets': Not applicable

29. Valuation amount under Article 17 if the valuation under the preceding item is lower than the transaction price: Not applicable

30. Previous date of material information announcement regarding the same event: Not applicable

31. Other explanatory matters: None.