About CM-ENERGY Company

Huashang International Ocean Energy Technology Holdings Limited (“Huashang International” or the “Company” for short, the “Company”, formerly “TSC Group Holdings Limited”) was incorporated in the Cayman Islands and listed on the main board of the Hong Kong Stock Exchange Limited (“Stock Exchange”). The main business of the Company and its global subsidiaries (collectively the “Group”) is the asset investment and operation management of offshore engineering platforms, the integrated design, manufacture and service of equipment and equipment related to industries such as onshore and offshore oil and gas exploration and development, offshore wind power installation, and other clean energy and technology investment businesses. The Group's core equipment and turnkey business for marine engineering has reached the world's leading level after years of development. Its main business includes: design, manufacture, installation and commissioning of onshore and offshore drilling platform equipment and turnkey equipment; specific equipment products include cranes, mechanical piping, lifting systems, power control and transmission systems, tension adjustment and compensation devices and systems, and drilling platform maintenance, repair and operation (MRO) products and services: including oil field consumables, parts and parts manufacturing, sales and maintenance services. Since the Group successfully entered the high-power deep-water offshore wind power installation market in 2021, it has successively provided high-end core equipment for many domestic wind power installation platforms in 2022; at the same time, the layout of the hydrogen energy market continues to improve. Inspect new opportunities for dual-carbon development, explore energy transformation paths, and expand opportunities for new products and new business models in new energy industries such as offshore wind power operation and maintenance, floating wind power, and hydrogen energy. Furthermore, the company operates and manages four jack-up drilling platforms. Two of the JU2000 platforms successfully completed sale and delivery in 2022, while the other two platforms provided drilling services for Petróleo Mexicano in the Gulf of Mexico. They were well received by the owners and successfully renewed this year. Currently, the company is also operating and managing two diving support boat projects. Currently, both ships have been leased in Southeast Asia. The company's energy asset management business has gradually matured and developed steadily. The Group is closely following the development of clean energy and smart technology-related industries, actively seeking investment and integration opportunities in marine energy technology-related industries, and achieving synergistic effects in various business segments of the Group. By investing in value depressions in the industrial chain, the Group strives to enhance the company's overall performance and maximize the interests of shareholders and investors. In future medium- to long-term development, we will continue to focus on clean energy and the development of science and technology industries related to marine energy. Amid the global carbon neutrality carbon peak boom, the market share of oil and gas-based fossil energy is gradually weakening. All countries have clear carbon reduction targets. Reducing carbon emissions and developing green new energy will become the general direction of the global energy industry in the future. Global oil companies, oil field service companies, and engineering companies are all actively developing the new energy industry. In the medium term, we will take advantage of the extensive and deep industry resources of new and old teams, adapt to the development momentum of green energy such as hydrogen energy and offshore wind power, join forces with major shareholders, take advantage of the traditional advantages of equipment manufacturing, asset management and supply chain services, continue to build and enhance the quality, efficiency and brand influence of green energy equipment manufacturing, service and management, and use capital operation methods such as listed platforms, funds, financial leasing, etc., to obtain stable financial support; in the long term, in line with the global energy transformation process, continue to develop further into the green energy sector by serving traditional green energy fields. Technological accumulation and service experience in entering hydrogen energy and offshore wind power have achieved comprehensive development and made new and greater contributions to the strategic goals of carbon reduction and green energy.