Group 1 - Company announced that its wholly-owned subsidiary BWO plans to lease two semi-submersible accommodation platforms, "Hua Ye Long" and "Hua Shang Long," to subsidiaries of China Merchants Industry [1] - The semi-submersible accommodation platforms are crucial for offshore engineering projects, providing living accommodations and operational support, addressing industry pain points such as accommodation shortages and transportation difficulties in deep-sea areas [1] - The international oil and gas market is experiencing a recovery, leading to increased demand for semi-submersible accommodation platforms, particularly in traditional production areas like Brazil, the North Sea, West Africa, Southeast Asia, and the Gulf of Mexico [2] Group 2 - BWO has signed a bareboat charter agreement with China Merchants Industry's subsidiaries, leveraging its unique advantages in ultra-deepwater operational management to enhance cooperation and generate higher returns [2] - The transaction will deepen the strategic partnership between the company and Petrobras, as BWO will provide the leased platforms and operational management services for Petrobras projects [2] - The company currently has two idle accommodation platforms but finds leasing the platforms in this transaction more advantageous in terms of adaptability and economic benefits [2]

Core Viewpoint - CIMC Group's wholly-owned subsidiary BWO plans to lease two semi-submersible accommodation platforms to a subsidiary of China Merchants Industry, enhancing its operational capabilities in the offshore engineering sector [1][2] Group 1: Company Overview - CIMC Group's financial and asset management segment operates various offshore vessel assets, focusing on semi-submersible accommodation platforms that address industry challenges such as accommodation shortages and transportation difficulties in deep-sea areas [1] - The leasing of the "Huaye Long" and "Huashang Long" platforms is part of a strategic move to optimize resource utilization and enhance revenue potential [1][2] Group 2: Industry Context - The international oil and gas market is experiencing a recovery, leading to increased development activities in traditional production areas such as Brazil, the North Sea, West Africa, Southeast Asia, and the Gulf of Mexico, which in turn boosts demand for semi-submersible accommodation platforms [2] - Petrobras has announced a demand for five accommodation platforms in 2025, indicating a growing market opportunity for companies like BWO [2] - BWO's unique operational management expertise in ultra-deepwater projects positions it favorably to meet the needs of Petrobras, thereby strengthening its strategic partnership with the company [2]