【Shinko】Wholly-Owned Subsidiary Norley's 100%-Owned Subsidiary Gifted Works Corp. to Acquire One Panamax-Class Tanker

1. Name and nature of the subject asset (e.g., land located in X Section, X Subsection, Beitun District, Taichung City): One Panamax-class tanker, 109,258 DWT, built in 2016.

2. Date on which the fact occurred: August 19, 2026 ~ August 19, 2026

3. Date of board approval: August 19, 2026

4. Other approval dates: Not applicable

5. Quantity of transaction units (e.g., X square meters, equivalent to X ping), unit price, and total transaction amount: One Panamax-class 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. 17F S.A., not a related party of the company.

7. If the counterparty is a related party, state the reason for selecting such party, the previous transferor, the relationship among the previous transferor, the company, and the counterparty, the previous transfer date, and the 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 date, price, and relationship with the company at the time of transaction: Not applicable.

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

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

This transaction adopts a sale-and-leaseback structure. After closing, the buyer will acquire ownership of the vessel and lease it back to the seller under a bareboat charter agreement to maintain continuity of existing charter arrangements and vessel operations.

The bareboat charter period will align with the current charter term, expected to expire between November and December 2029, with an option to extend for one year until November to December 2030 as per contractual terms.

11. Decision method for this transaction (e.g., bidding, price comparison, negotiation), reference basis for price determination, and decision-making body: Negotiation, by the company’s board of directors.

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

13. Name of professional appraiser: Not applicable.

14. Appraiser’s license number: Not applicable.

15. Whether the valuation report is for a limited, specific, or special price: No or not applicable

16. Whether a valuation report has not yet been obtained: No or not applicable

17. Reason for not yet obtaining the valuation report: Not applicable.

18. If there is a significant difference in valuation results, explain the reason and include auditor’s opinion: Not applicable.

19. Name of accounting firm: Not applicable.

20. Name of auditor: Not applicable.

21. Auditor’s license number: Not applicable.

22. Broker and brokerage fees: Not applicable.

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

24. Opinion of any director who objected to this transaction: None.

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

26. Date of confirmation by auditor or approval by audit committee: Not applicable.

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

28. Valuation price pursuant to Article 16 of the 'Asset Acquisition and Disposition Rules for Publicly Issued Companies': Not applicable

29. Valuation price pursuant to Article 17 of the same rules, if the price under the previous item is lower than the transaction price: Not applicable

30. Previous date on which material information on the same event was disclosed: Not applicable

31. Other explanatory matters: None.