CONTIOCEAN (02613) has announced that it will submit a bid on August 25, 2026, for the proposed acquisition of certain assets to be sold by the seller, Shanghai Electric Yantu (Rugao) Construction Technology Co., Ltd., through a public tender process. According to the rules outlined in the public tender notice, the successful bidder must sign a transaction confirmation agreement and a sale contract with the seller within five business days after being declared the winner.

The land is situated at No. 6 Kangye Road, Changjiang Town, Rugao City, Nantong City, Jiangsu Province, China, with a site area of approximately 67,736 square meters. The property, built in 2021, is located on this land and covers a total floor area of approximately 37,930.77 square meters. The property includes an office building, factory buildings, and a security guard room, as listed in the online trading system inventory. The equipment comprises a set of auxiliary facilities and 19 bridge cranes, all detailed in the online trading system list.

The land is located in Nantong City, a region that boasts one of the most developed shipbuilding and marine equipment supporting industries in the Yangtze River Delta and across China, demonstrating significant agglomeration advantages in high-end equipment manufacturing. The proposed acquisition is intended to expand the Group's production capacity, which aligns with the Company's fundraising objectives and the designated use of proceeds. Additionally, this will enable the Company to deliver efficient and high-quality professional support services, substantially enhancing the Group's high-end manufacturing capabilities and market responsiveness.