Group 1 - The company held its 9th meeting of the 11th Board of Directors on September 9, 2025, where all nine directors attended and the meeting complied with relevant laws and regulations [2][3][6] - The Board approved a related party transaction involving the leasing of two semi-submersible accommodation platforms, "Hua Ye Long" and "Hua Shang Long," from subsidiaries of China Merchants Industry Holdings [3][8][21] - The transaction requires shareholder approval as it exceeds 5% of the company's latest audited net assets [10][21] Group 2 - The leasing agreement involves the subsidiary BLUEWHALE OFFSHORE PTE. LTD. (BWO) and two subsidiaries of China Merchants Industry, with a rental rate of $50,000 per day for each platform [17][20] - The total rental amount for the two platforms is approximately $140 million, based on the agreed daily rate [20] - The transaction is expected to enhance the company's operational capabilities in the offshore engineering sector, particularly in the context of increasing demand in the oil and gas market [21][22] Group 3 - The platforms are crucial for providing accommodation and operational support for offshore projects, addressing industry challenges such as accommodation shortages and transportation difficulties in deep-sea areas [21] - The company has identified a strategic partnership with Petrobras, as the platforms will be utilized for their projects, thereby strengthening the relationship [21][22] - The company has previously engaged in related party transactions with China Merchants Group, totaling approximately RMB 609.8 million in the first half of 2025 [23]