Jiyu Construction Engineering Co., Ltd. (“Yoshiyu”), an indirect wholly-owned subsidiary of the Company, specializes in reclamation projects, supported by boat leasing services and other civil engineering works. We are subcontractors for marine construction projects and other civil engineering projects. The marine construction works we carry out include (i) reclamation works; (ii) sand layer adjustment and sedimentation works; (iii) submarine piping works; and (iv) sediment treatment works. In order to subsidize our marine construction projects, we also provide boat leasing services to our customers. We provide customers with boat leases for a specific period of time, and provide crew members to operate and manage the vessels when requested by the customer. In addition, we are also engaged in other civil engineering works, including foundation works, site preparation works, and road and drainage works.