Wisdom Marine Lines Announces Subsidiary Genius Marine S.A. Announces Sale of a Bulk Carrier Vessel

1. Name and nature of the target object (e.g., land parcel XX section XX sub-section XX district Taichung City):
Bulk carrier MV Amis Power
2. Date of fact occurrence: 115/5/11 ~ 115/5/11
3. Date of board approval: May 11, R.O.C. Year 115
4. Date of other approval: N/A
5. Transaction unit quantity (e.g., XX sq m, equivalent to XX ping), price per unit, and total transaction amount:
Transaction Quantity: One bulk carrier vessel of 64,012 tons
Price per Unit: USD 30,350,000
Total Transaction Amount: USD 30,350,000
Note: Estimated at an exchange rate of 31.425
6. Transaction counterparty and relationship with the company (if the counterparty is an individual and not related to the company, their name may be omitted):
Counterparty: Capable No.37 Limited Trust Company Complex, guaranteed by Erasmus Bulk Shipping Ltd.
Relationship: None
7. If the counterparty is a related party, also announce the reason for selecting the related party as the counterparty and the previous transferor, the relationship between the previous transferor and the company and the counterparty, the date of previous transfer, and the transfer amount:
N/A
8. If the owner of the asset has been a related party of the company within the last five years, also announce the related party's acquisition and disposal dates, prices, and relationship with the company at the time of transaction:
N/A
9. Estimated disposal gain (or loss) (not applicable for asset acquisition) (if deferred, provide a table explaining recognition):
Estimated disposal gain of approximately USD 16,541,607
10. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreed matters:
Delivery upon receipt of payment on the vessel's handover date.
11. Decision-making method for this transaction (e.g., tender, bid, or negotiation), reference basis for price determination, and decision-making unit:
Decision Method: Negotiation
Price Determination: Negotiation
Decision-Making Unit: Chairman authorized by the Board of Directors
12. Name of professional appraisal firm or company and their appraisal amount:
N/A
13. Name of professional appraiser:
N/A
14. Professional appraiser's practice certificate number:
N/A
15. Is the appraisal report a limited price, specific price, or special price?
No or N/A
16. Have you not yet obtained the appraisal report?
Yes
17. Reason for not obtaining the appraisal report:
This asset is an operating asset and does not require an appraisal report according to regulations.
18. If there are significant differences in appraisal results, the reasons for the differences and the accountant's opinion:
None
19. Name of accounting firm:
None
20. Name of accountant:
None
21. Accountant's practice certificate number:
None
22. Broker and brokerage fees:
Brokers: Benefit Transport S.A. and Keen Maritime Services Inc.
Brokerage Fees: 2% in total, USD 607,000
23. Specific purpose or use of acquisition or disposal:
Consideration for vessel allocation.
24. Opinions of dissenting directors for this transaction:
None
25. Is this transaction a related party transaction?
No
26. Date of supervisor's approval or audit committee's consent:
May 11, R.O.C. Year 115
27. Is this transaction an acquisition of real estate or its usage rights from a related party?
No
28. Price assessed according to Article 16 of the "Regulations Governing Asset Acquisitions and Dispositions by Public Companies":
N/A
29. If the price assessed in the preceding paragraph is lower than the transaction price, the price assessed according to Article 17 of the same Regulations:
N/A
30. Date of previous announcement of material information for the same event: N/A
31. Other descriptions:
None