Announcement on behalf of subsidiary Alexander Marine International Co., Limited. (AMI) that signed a construction contract with Giangrasso Group Srl in Italy.

 Announcement on behalf of subsidiary Alexander
Marine International Co., Limited. (AMI) that signed a
construction contract with Giangrasso Group Srl in Italy.

1.Date of occurrence of the event:2024/12/20
2.Counterparty to the contract or commitment:Italian Giangrasso Group Srl
3.Relationship with the Company:None.
4.Starting and ending dates (or rescission date) of the
contract or commitment:2024/12/20
5.Major content (not applicable where rescinded):
AMI has commissioned an Italian shipyard to construct yachts, which must
comply with the quality requirements and all specified inspections and
sea trials stipulated in the contract. The contractor also provides
the warranty responsiblility for the yachts. The intellectual property rights
belong to AMI, and the contractor has an obligation to
maintain confidentiality.
6.Restrictive covenants (not applicable where rescinded):Without the consent
of AMI, the contractor shall not transfer AMI's orders to any
third party for construction.
7.Commitment (not applicable where rescinded):None.
8.Any other important agreement (not applicable where rescinded):None.
9.Effect on company finances and business:None.
10.Concrete purpose/objective:Construct yachts by an Italian shipyard
and sold to the European and American markets.
11.Any other matters that need to be specified (the information disclosure
  also meets the requirements of Article 7, subparagraph 8 of the Securities
  and Exchange Act Enforcement Rules, which brings forth a significant impact
  on shareholders rights or the price of the securities on public companies.):
None.