About CM-ENERGY Company

Huashang International Ocean Energy Technology Holdings Limited (“Huashang International” or “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 investment and operation management of offshore engineering platform assets, the overall 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, etc., and other clean energy and technology investment businesses. The Group's offshore engineering core equipment and turnkey business 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 packages; 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 the manufacture, sale and repair services of oilfield consumables, accessories and parts. 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. Insight into new opportunities for dual-carbon development, explore energy transformation paths, and expand opportunities for new products and new business models in the new energy industry such as offshore wind power operation and maintenance, floating wind power, and hydrogen energy. In addition, the company operates and manages four jack-up drilling platforms. Two of the JU2000 platforms were successfully sold and handed over in 2022. The other two platforms provided drilling services for CNPC in the Gulf of Mexico, which were well received by the owners and successfully renewed their contracts this year. Currently, the company is also operating and managing two diving support boat projects. Currently, both boats have been leased in Southeast Asia. The company's energy asset management business is gradually maturing and growing steadily. The Group closely follows the development of clean energy and smart technology-related industries, actively seeks investment and integration opportunities in marine energy technology-related industries, and realizes the synergy effect of all business segments of the Group. By investing in value depressions in the industrial chain, the Group strives to enhance the overall performance of the Company and maximize the interests of shareholders and investors. For medium- to long-term development in the future, we will continue to focus on clean energy and the development of the marine energy-related technology industry. Amid the global carbon neutrality and carbon peak boom, the share of the fossil energy market based on oil and gas is gradually declining. All governments have clear carbon reduction targets, reducing carbon emissions, and developing green new energy sources is the general direction of the global energy industry in the future. Global oil companies, oil field service companies, and engineering companies are actively deploying the new energy industry. In the medium term, we will use the extensive and deep industry resources of new and old teams to adapt to the development trend of green energy such as hydrogen energy and offshore wind power, and work with major shareholders to use the green energy technology equipment market layout as an opportunity to give full play to the traditional advantages of equipment manufacturing, asset management and supply chain services, continue to build and enhance the use quality and brand influence of green energy equipment manufacturing, services and management, and use capital operation methods such as listed platforms, funds, financial leasing, etc., to obtain stable financial support; in the long term, adapt to the global energy transformation process and continue to develop further into the green energy sector by serving traditional energy Technology accumulation and service experience 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.