Entrusted by the Seller, our company (the “Bidding Company”) is scheduled to conduct an online public auction on the Shipbid website (www.shipbid.net) from 16:00 to 16:30 on December 18th, 2025 (the “Auction Day”), which is hereby announced as follows:

1. Auction Target:
Vessel Name: ZJ2025-0074 (hereinafter referred to as the “Vessel”);
Vessel Type: Offshore wind turbine installation vessel;
Classification Society: CCS;
Flag: China;
Length/MLB/MLD:  74.91m x 38.4m x 6.6m;
GRT/NRT: 8651/2595;
Designed Draft: 4.2m;
Main Generator: Cummins, 800kW x 4 sets;
Emergency Generator: Cummins, 100kW x 1 set;
Harbour Generator: Cummins, 400kW x 1 set;
Installation Capacity: 12MW+;
Operating Water Depth: 50m;
Variable Load: 1000t;
Deck Max. Load: 10t/m2;
Deck Available Space: 1150m2;
Accommodation: 80 persons;
Pile Leg Length: 90m (Usable Length: 70m);
Crane: SCM, Main hook load/height: 600t/141.2m; Auxiliary Hook: 200t/151.4m;
Built Time/Place: January, 2021/Nantong, China ;
(The vessel data in relation to the Vessel provided in this Announcement, the Special Provisions and its annexes (if any) extracted from class certificates for reference only.)

2. Bidding Rules:
(1) In this Announcement, the following capitalized terms shall have the following meaning:
“Auction Confirmation Letter” means the purchase confirmation letter signed by the successful bidder (the “Buyer”) and submitted to the Bidding Company after the Auction Day, confirming the purchase price of the Vessel, payment of auction service fee and other related fees, and performance of other obligations in relation to the purchase of the Vessel as specified in this Announcement, the Special Provisions or relevant annexes.
“Banking Day” means a business day (excluding Saturdays and Sundays) on which banks are open for general business at the places where the Seller, the Bidding Company and the Transaction Service Agent are registered, as well as the locations of their respective account-opening banks.
“Special Provisions” means the special provisions published separately on the Shipbid website (www.shipbid.net), the contents of which also apply to this Announcement.
“Person” includes any individual, company, corporation, enterprise, government, state or agency of a state or any association, trust, joint venture, consortium or partnership.
“Transaction Service Agent” means ZHEJIANG PROPERTY & STOCK EXCHANGE CO., LTD. or SHIPBID (SINGAPORE) SHIPPING EXCHANGE PTE. LTD., to be agreed jointly by the Seller and the Buyer after completion of the Auction.
(2) The Auction has a reserve price.If the highest price offered by the bidder is lower than the reserve price, the auction will be deemed as invalid. There is no right of first refusal in the Auction.
(3) Starting Price: RMB 152million; Bidding Deposit: RMB 10million (or USD1.4million) (the “Bidding Deposit”). Each increment of the bidding price shall be in an integer multiple of RMB 0.2million.
(4) The Purchase Price shall be settled in CNY. If the successful bidder/Buyer (the “Buyer”) is a legally established and valid domestic enterprise or organization in China mainland, the purchase price shall be settled in RMB. If the successful bidder/Buyer (the “Buyer”) is a legally established and valid overseas enterprise or organization (including Hong Kong, Macao, and Taiwan), they may choose cross-border RMB as the settlement currency.
If the overseas Buyer pay the deposit in USD, the Buyer shall pay another cross-border RMB 10million separately to the Auction Company’s designated US dollar account within three (3) Banking Days after the Auction Confirmation has been signed. The Auction Company shall return the USD deposit fully back to the Buyer within two (2) Banking Days after the receipt of the cross-border RMB deposit.
(5) The Auction will commence from 1600 hours on the Auction Day (Beijing Time) and will continue until 1625 hours on the Auction Day (Beijing Time) after which time (A) if there is no new bid offered 5 minutes thereafter, the Auction will be deemed completed or (B) if there are further bids after 1625 hours then the Auction will only be deemed completed when 5 minutes elapses from the time of the last entered bid.
(6) The Bidding Deposit of unsuccessful bidders will be refunded within ten (10) Banking Days after the end of the Auction, and each such Bidding Deposit will not accrue any interest. Bank or other charges incurred in relation to the remittance of each Bidding Deposit shall be borne by the relevant unsuccessful bidders.
(7) The successful bidder shall sign and submit the signed Auction Confirmation Letter and bidding record to the Bidding Company by email on the same day when the Auction is concluded (the “Bidding Confirmation Day”), and within two (2) Banking Days after the Bidding Confirmation Day, submit six (6) signed originals of the Auction Confirmation Letter (the date shall be determined by the courier waybill number) to the Bidding Company.
(8) The time of this Auction activity shall be subject to Beijing Time (unless otherwise expressly stated).

3. Registration Requirements:
(1) The potential bidders may each register to participate in the Auction at any time from the date of this Announcement to the time the Auction starts on the Auction Day but will only be treated as or deemed to have successfully registered for the Auction when the Bidding Company has received its Bidding Deposit and such potential bidder has completed the registration for the Auction on the auction website and has been provided with an auction number plate.
It is therefore recommended that each potential bidder pays the Bidding Deposit and completes the registration 3-5 Banking Days in advance of the Auction Day to avoid missing registering in time for the Auction. No registration will be accepted after the 16:00 (Beijing Time) of the Auction Day.
After successful registration (as evidenced by obtaining an auction number plate), the potential bidders shall be deemed to be fully aware of and to have accepted and complied with (and will continue to comply with) the provisions of this Announcement, the ancillary bidding rules, special provisions and relevant annexes.

(3)Any natural persons with full civil capacity in China and corporation or organization in and outside the People’s Republic of China with full capacity for civil conduct and legally existing may participate in this bidding.
The bidder shall not subject to or affected by any sanction, embargoes, freezing provisions, prohibitions or other restriction relating to trading, doing business, investment, exporting, financing or making assets available (or other activities similar to or connected with any of the foregoing) imposed by law or regulation of the United Nations, the People’s Republic of China, United States of America and European Union against any state, natural or legal person, body or entity and are capable of making the payments in US Dollars as required under this Agreement.

(4) The bidders shall submit the following documents for registration (including but not limited to):
1) Domestic bidders in China mainland:
● Scanned copy of the business license (with official seal)
● Scanned copy of the ID card and/or passport of the legal representative (with official seal)
● Register of Directors and scanned copies of ID cards and/or passports of all directors
● Register of Members and scanned copies of ID cards and/or passports of all shareholders
● If a shareholder is a corporate entity, a corporate structure chart and scanned copies of ID cards and/or passports of all ultimate beneficial owners must be provided
● Scanned copy of the ID card and/or passport and Power of Attorney (if any, with official seal) of the agent
● An executed Undertaking for Bidding (see attachments for details)
● Bank slip or other documentary evidence (acceptable to the Bidding Company) that the Bidding Deposit has been paid

2) Overseas bidders:
● Certificate of Incorporation
● Articles of Incorporation
● Certificate of Incumbency or equivalent showing names of all directors and shareholders
● Copy of all Directors’ passports
● Copies of all shareholders’ passports
● If any shareholder is a corporation, an organization chart showing names of all ultimate beneficial shareholders (“UBO”)
● Copies of all UBO’s passports (if any)
● An executed Undertaking for Bidding (see attachments for details)
● Bank Slip or other documentary evidence (acceptable to the Bidding Company) that the Bidding Deposit has been paid
● Details of bank account for payment and reception

4. Inspection Schedule and Place:
The inspection arrangements will be notified separately, please contact the Bidding Company for details.
Potential bidders may arrange for Vessel inspections during the designated inspection period and shall bear all costs, risks and liabilities related to inspection during the process. The Seller is only responsible for coordination. Potential bidders who fail to participate in the physical inspection during the designated inspection period yet completed the registration procedures shall be deemed to have fully understood and accepted all conditions of the Vessel, including but not limited to all known and unknown defects related to the Vessel’s class, Vessel’s certificates and the Vessel’s conditions, etc. Potential bidders shall not raise any objections to the quality or other defects or any condition whatsoever of the Vessel for any reason whatsoever at any time.

5. Bidding Deposit Account (Choose One of the Following):
(1) USD Deposit Account：
● Beneficiary: SHIPBID (SINGAPORE) SHIPPING EXCHANGE PTE. LTD.
● Beneficiary Add.: 3 TEMASEK AVENUE #27-02 CENTENNIAL TOWER SINGAPORE 039190
● Account No.: 072-124228-1
● SWIFT (Beneficiary Bank): DBSSSGSG
● Beneficiary Bank: DBS Bank Ltd Singapore

(2) RMB Deposit Account：
● Beneficiary: 浙江产权交易所有限公司船舶交易分中心
● Account No.: 571905357610827
● Beneficiary Bank: 招商银行杭州分行营业部

6. Contact Information:
Ms. Vivianwang: +86 18267365565/0580-2038333
[email protected]
Ms. Wendy Wen: +86 18058087023/0580-2038333
[email protected]
Mr Zhu:+86 13777833096
Email: [email protected]
Website: https://www.shipbid.net:89/4moq
Source: Shipbid