On 30 December 2024, CIMC Enric (the "Company") announced that it recently signed an order for a 20,000 cubic meter liquified natural gas carrier with Equitorial Marine Fuel Management ("EMF"), the largest marine fuel supplier in Singapore. This collaboration with EMF highlights the Company's strong capabilities in constructing medium and small-sized LNG carriers and bunkering vessels, which have gained widespread international recognition. According to the cooperation agreement signed by both parties, the Company will design and manufacture an LNG carrier and bunkering vessel for EMF, with a total length of 160 meters and a beam of 25 meters, achieving a design speed of up to 15.5 knots to meet the latest standards of the international shipping market. Additionally, the bunkering vessel will be equipped with the latest WINGD dual-fuel main engine and iCER technology, allowing it to meet IMO Tier III emission standards in both traditional fuel and LNG fuel types, significantly reducing pollution emissions, methane leaks, and greenhouse gas releases during operation.

Throughout 2024, the Company has secured numerous global orders, with clients from Europe, Canada, Singapore, and other regions. The Company possesses world-leading capabilities in marine engineering equipment manufacturing, with high-quality and high-performance design and manufacturing capabilities for medium and small-sized LNG vessels widely recognized. In recent years, the shipbuilding industry's cyclical prosperity is continuing, with both the volume and prices of new vessels increasing globally. With the increasingly stringent environmental regulations for the global shipping industry, decarbonization is trending, leading to a rapid rise in demand for clean energy alternatives and improved energy efficiency in vessels. As industry demand continues to rise, coupled with the Company's leading construction technology, as of December 23, 2024, new orders of shipbuilding and related business signed by the Company have reached RMB10.8 billion, representing an increase of approximately 44.39% compared to the same period of 2023. Backlog orders stands at around RMB 17.4 billion.