BOMESC Marine Engineering Co., Ltd. Announcement on the Execution of Long-term Framework Agreement by its Wholly-owned Subsidiary

Stock Code: 603727
Stock Name: Bomatech
Announcement No.: 临2026-011

Bomatech Marine Engineering Co., Ltd.

Announcement Regarding the Signing of a Long-term Framework Agreement by a Wholly Owned Subsidiary

The company’s board of directors and all directors guarantee that the contents of this announcement are free from any false records, misleading statements, or major omissions, and bear legal responsibility for their authenticity, accuracy, and completeness.

Key Highlights:

● Major Risks and Uncertainties in Performance: This agreement is a long-term framework cooperation arrangement reached through friendly negotiations between both parties and does not require submission to the company’s board of directors or shareholders’ meeting for approval. Specific projects and cooperation plans will be separately signed based on actual progress. There are uncertainties regarding the cooperation, so investors are advised to be cautious of investment risks.

● Impact on the Company’s Performance for the Year: The signing and performance of the long-term cooperation agreement do not involve specific business cooperation content and are not expected to significantly impact the company’s operating results for this year.

1. Basic Information on the Signing of the Framework Agreement

Bomatech Marine Engineering Co., Ltd. (hereinafter referred to as “the Company”)’s wholly owned subsidiary, Tianjin Bomatech Marine Engineering Co., Ltd. (hereinafter “Tianjin Bomatech”), recently signed a long-term cooperation agreement with Single Buoy Moorings Inc. Both parties, based on principles of equality, mutual benefit, complementary advantages, and long-term stability, reached a preliminary cooperation intention regarding the manufacturing, integration, and related construction services of upper modules for offshore floating production, storage, and offloading (FPSO) projects.

This agreement is a preliminary framework and intention agreement, not involving substantive transactions, and does not require approval from the company’s board of directors or shareholders’ meeting.

(1) Basic information about the counterparty.

Single Buoy Moorings Inc. is a wholly owned subsidiary of SBM Offshore N.V., established in Switzerland. SBM Offshore N.V. is part of the SBM Offshore Group, an internationally leading offshore oil and gas service company headquartered in the Netherlands. Its core business is providing full lifecycle solutions for floating production, storage, and offloading (FPSO) units, including design, construction, leasing, and operation, with expansion into low-carbon technologies and diversified marine infrastructure.

The company has no related-party relationship with SBM Offshore Group.

SBM Offshore’s financial data for 2025 are as follows:

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For detailed and complete financial information about SBM Offshore, please refer to its annual reports disclosed on its official website, available at:

(2) Time, location, and method of signing the agreement.

Signing Date: March 2026
Location: Tianjin, China
Method: Electronic signing

(3) Procedures for review, approval, or filing, and conditions yet to be met.

This agreement is a preliminary framework and intention agreement, not involving substantive transactions, and does not require approval from the company’s board of directors or shareholders’ meeting.

2. Main Content of the Framework Agreement

(1) Background and Objectives of Cooperation

Building on a good cooperative foundation established earlier, to seize opportunities in the marine energy equipment industry, both parties are committed to seeking stable, reliable long-term partnerships to achieve resource sharing and coordinated development. Through friendly negotiations and based on principles of equality, mutual benefit, and long-term stability, the company and SBM Offshore Inc. have recently signed a long-term cooperation agreement, marking a strategic deepening in their collaboration in the field of FPSO units.

(2) Main Content of the Parties’ Cooperation

Both parties plan to explore and promote collaborative efforts in the planning, development, bidding, and related extension fields of FPSO projects, jointly exploring global market opportunities and enhancing project competitiveness. They will jointly discuss the feasibility of expanding potential cooperation areas, including engineering design and EPC (Engineering, Procurement, Construction) cooperation, to achieve complementary advantages and coordinated development. For specific future cooperation matters, both parties will negotiate and determine detailed terms and conditions in accordance with laws and regulations, based on fairness and justice.

(3) Other Agreements

The agreement takes effect upon signing by both parties and is valid for three years. It can be extended or terminated upon mutual agreement.

3. Impact on the Listed Company

The signing of this long-term cooperation framework agreement is an important strategic move for the company and SBM Offshore Group to leverage their respective technologies, resources, and market advantages in the FPSO field. This cooperation will help both parties explore resource sharing and complementary advantages, enhancing their overall competitiveness in the offshore equipment market.

4. Major Risk Warning

This agreement is a long-term framework cooperation document reached through friendly negotiations and does not specify particular projects, cooperation amounts, or implementation arrangements. It is not expected to have a significant impact on the company’s current operating performance. Specific cooperation projects and details will require further negotiations and the signing of special agreements. Investors are advised to exercise caution and be aware of investment risks.

This announcement is hereby made.

Board of Directors of Bomatech Marine Engineering Co., Ltd.
March 20, 2026