On 18 July 2022, CMIC Ocean En-Tech Holding Co., Ltd. entered into a strategic cooperation framework agreement, and an order of 4 sets of jacking system was placed with CTW (Tianjin) Offshore Engineering Co., Ltd. ("CTW"). The parties shall cooperate based on the construction of an offshore mobile platform (LIFTBOAT), jointly develop front-end customer resources, and focus on the back-end operation and maintenance service market for further development. CTW is a private enterprise engaged in marine engineering technology research and development, consultation, service and marine engineering equipment production, sales, and rental service, and mainly engaged in the design, supervision and production, and sales of self-jacking and self- propelled offshore mobile platforms. CTW is currently one of three international companies with full design capability of self-jacking and self-propelled offshore mobile platforms. With its outstanding design concepts and superior performance, CTW has been widely praised by customers and recognized by the market in recent years, and continues to receive orders.