ContiOcean Environment Tech Group Co., Ltd. — M&A Activity 2026

Apr 17, 2026

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ContiOcean

上海匯舸環保科技集團股份有限公司

CONTIOCEAN ENVIRONMENT TECH GROUP CO., LTD.

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2613)

COMPLETION OF DISCLOSABLE TRANSACTION ACQUISITION OF VESSELS

Reference is made to the announcement of ContiOcean Environment Tech Group Co., Ltd. (上海匯舸環保科技集團股份有限公司) (the "Company") and the circular of the Company (the "Circular") both dated 15 December 2025 in relation to, among others, the acquisition of the Vessels. Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that the consideration for the acquisition of OM Shanghai has been paid by the OM Shanghai Buyer to the OM Shanghai Seller in accordance with the OM Shanghai Memorandum of Agreement and completion of the acquisition of OM Shanghai took place on 16 April 2026.

Following completion of the acquisition of OM Shanghai, the Board considers that this milestone marks the Company's strategic transformation from a technology enterprise focused on R&D of marine environmental protection equipment into an "atypical shipowner" integrating independent R&D, real-vessel verification, and customer demonstration, opening a new path for the development of the green maritime technology industry.

By order of the Board

ContiOcean Environment Tech Group Co., Ltd. Zhou Yang

Chairman and Executive Director

Shanghai, PRC, 17 April 2026

As of the date of this announcement, the Board comprises: (i) Mr. Zhou Yang, Mr. Zhao Mingzhu, Mr. Chen Zhiyuan, Mr. Shu Wa Tung, Laurence and Mr. Chen Rui as executive Directors; and (ii) Dr. Guan Yanmin, Mr. Zhu Rongyuan and Ms. Ng Sin Kiu as independent non-executive Directors.