Project Progress - The company’s wholly-owned subsidiary, Penglai Dajin Marine Heavy Industry Co., Ltd., signed supply contracts with RWE in May and December 2023 to exclusively construct and deliver a total of 105 TP-less monopiles and associated structures for the Nordseecluster offshore wind project in Germany [1] - The Nordseecluster project, developed jointly by RWE (51% ownership) and Norwegian Bank Investment Management (49% ownership), is located in the North Sea and has a planned total installed capacity of 1.6 GW, making it the largest offshore wind farm currently under construction in Germany [1] Delivery and Impact - The last batch of 10 monopiles for phase A of the Nordseecluster project has successfully arrived at a European port, completing the delivery of all 45 monopiles constructed for this phase [2] - The project utilized a DAP (Delivered at Place) delivery model, showcasing the company's global leading standards in manufacturing processes, quality control systems, and transoceanic delivery [2] - The successful delivery of this project is expected to have a positive impact on the company's operating performance for the current fiscal year [2]

Project Progress - The company’s wholly-owned subsidiary, Penglai Dajin Offshore Engineering Co., Ltd., has completed the delivery of all 45 TP-less monopiles for the A phase of the Nordseecluster offshore wind project [1][2] - The project involves a total of 105 monopiles and associated structures, with contracts signed with RWE in May and December 2023 [1][2] - The Nordseecluster project, located in the North Sea, has a planned total installed capacity of 1.6 GW, making it the largest offshore wind farm currently under construction in Germany [1] Delivery and Collaboration - The last batch of 10 monopiles was successfully delivered to a European port, marking the completion of the A phase of the project [2] - The project utilized a DAP (Delivered at Place) delivery model, showcasing the company's global leadership in manufacturing standards, quality control, and transoceanic transportation [2] Impact on Company - The successful delivery of the project is expected to have a positive impact on the company's operating performance for the current fiscal year [2]