King Precision Engineering Co.,Ltd. announced that the company has secured the electrical and mechanical turnkey project for the Formosa Plastics Kaohsiung Port Oil Barge Base. The total contract amount is approximately TWD 1.05 billion. This order not only affirms the technical capabilities of company's team but also contributes positively to revenue and gross profit.

Counterparty to the contract or commitment: Formosa Grandseas Bunkering and Trading Corporation. The expansion project is expected tocontribute to the relative growth of revenue and profitability for the company.