Yun Lee Marine Group Holdings Limited entered into the Agreement to acquire additional 34% stake in Yun Lee (Tim Kee) Marine Construction Limited from CHAN SHING LAM and CHOW WAI MING for HKD 23.8 million on January 13, 2023. The Completion is conditional upon the satisfaction of conditions precedent as approval of shareholder of Universal Marine Services Limited and approval of relevant governmental or regulatory authorities. For the year ended, September 30, 2022, Yun Lee (Tim Kee) Marine Construction Limited total asset is HKD 79.6 million and net asset is HKD -2.957 million.