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ContiOcean and CM Energy layout Marine Clean Energy Industry

Date:22-01-2025

On Jan.21 2025,Wavelength Technology Center, Lda, (hereinafter referred to as “Wavelength”), affiliated to ContiOcean Environment Tech GroupCo., Ltd. (hereinafter referred to as “ContiOcean”) formally signed astrategic cooperation frame agreement on Marine Clean Energy Industry with CM Energy Tech Co., Ltd, (hereinafter referred to as “CMEnergy”) in Hong Kong.

ExecutiveDirector & CEO Mingzhu Zhao, Executive Director & CFO Laurence Shu ofContiOcean together with Executive Director and CEO Huafeng Zhan, CFO ShaohuaXie of CM Energy and other management attended the signing ceremony.

The two partiesfirst visited the Hong Kong Youlian Exhibition Hall, then made a businessintroduction for each other, discussed the in-depth cooperation opportunitiesand mutually agreed to capitalize on their respective advantages to enhancemarket competitiveness and strived for increased sales performance, based on afoundation of mutual benefit. They also expressed that it was the commonaspiration and core value to strengthen cooperation and jointly lead the marineclean energy industry, under the general situation of global decarbonizationand emission reduction.

Company introduction

ContiOceanEnvironment Tech Group Co., Ltd. is a global leading marine environmentalprotection equipment and system provider, which was established in 2017 andlisted on the HKEX (stock code: 2613.HK) in 2025. Wavelength Technology Center,Lda. is a subsidiary of ContiOcean and possesses extensive expertise in LNGFuel Gas Supply System Low Flashpoint Supply System and Cargo Handling Systems.

CM Energy TechCo., Ltd. was established in 1995 and listed on the HKEX in 2009 (stock code:0206.HK) and is a member enterprise of China Merchants Industry Holdings. It isa well-known oil, gas drilling and offshore equipment provider, with completedesign, manufacturing and engineering capabilities. Focusing on the industriallayout of "hydrogen, machinery and electricity" as the core, CM Energyaccumulates basic capabilities related to the production and application ofhydrogen-based energy equipment (hydrogen), marine energy equipment(machinery), electric drive and control (electricity), highlights thecharacteristics of technology-based new energy, and creates industry-leadingcutting-edge products. It also actively layouts green energy project investmentand operation, green energy trade, technical consulting services and otherbusinesses, being committed to becoming the industry's leading technology andinnovative green energy and equipment service provider.