1. Head quarters #22, Namhangnam-ro, Namhang-dong, Yeongdo-gu, Busan, Korea Tel + 82 (0)51 413-7701 / Fax +82 (0)51 412-8555 E-mail: jmis@jonghap.co.kr Website:: www.jonghap.co.kr Chunghak Factory #27, 23bungil, Haeyang-ro, Chunghak-dong, Yeongdo-gu, Busan, Korea Tel +82 (0)51 413-4277 / Fax +82 (0)51 413-7442 E-mail: infoturbo@jonghap.co.kr Website: www.jonghap.co.kr

2. 1974Apr. Established Jonghap Maritime Inc. 1978Apr. Established Jonghap Maritime Engineering Inc. 1980Dec.Established Jonghap Polestar Engineering Co., Ltd. 1982FebEstablished Jonghap Machinery Co., Ltd. 1991Oct.Established Jonghap Precision Co., Ltd. 2002Nov.Established Jonghap Pneumatic & Technology Co., Ltd. 2003Mar.Established Jonghap Environment Technology Co., Ltd. 1983 Nov.Started production of air-compressors for marine use 1984Apr.Tied-up Technical collaboration with Matsubara 1988 Mar. Opened Daihatsu Engine A/S center 1989 JanOpened IHI VTR Turbo-charger Repair & A/S center 1990 Jan.Developed BH-Beam Manufacturing Line 1991Jul.Invested and opened U.S Polestar Marine Engineering 1992Jul.Developed bonding technology for oxide-ceramic with metal 2 Since 1974 1. Introduction to JONGHAP Group Brief History

3. 1992Dec.Developed Box girder/Box column manufacturing Line 1993Feb.Tied-up agreement with New Sulzer Diesel for Authorized Repair shop 1993May.Approved KG Cert. for Sewage Treatment Plant 1994Feb.Developed mono-type piston crown for B&W Engine 1994Dec.Tied-up Technical collaboration with Tanabe Pneumatic 1995Feb.Received patent for piston crown chrome plating method 1995Apr.Developed ozone generator and power cable for EMI & EMS 1997Mar.Opened MHI UE Engine repair & A/S center 1998Nov.Awarded of ISO 9001:2000 Quality Management System 2008Aug.TOMOE Engineering Co., Ltd. Service Agreement 2009Aug.KAWASAKI Thruster(Rexpeller) Service Agreement. 2013 Aug.DONGKUK Steel Official Distributer Agreement 2013Nov. KANAGAWA Auto-filter sales & Service Center Agreement 2014 Oct. KCC Paint sales agent Agreement 2014 Dec.Cummins RCM engine & ONAN gen-set Dealership Agreement 3 Since 1974 Brief History 1. Introduction to JONGHAP Group

4. 4 Since 1974 Our Family 1. Introduction to JONGHAP Group JONGHAP Maritime Inc. As Holding Company JONGHAP Maritime Engineering Inc. JONGHAP Polestar Engineering Co., Ltd. JONGHAP Machinery Co., Ltd. JONGHAP Environment Technology Co., Ltd. JONGHAP Precision Co., Ltd.

5. 5 Since 1974 2. JONGHAP Maritime Inc.

6. 6 Since 1974 Organization 2. JONGHAP Maritime Inc. President & CEO Admin. Dep’tQA Dep’t Namhang Factory (HQ)Chunghak Factory Ship & Machinery Repair Team Special Repair Service Team Procurement & Supply Team Technology Development Team High-speed Machinery Team Turbocharger Service Team Machinery & Plant Team Spare Part Sales Team

7. 7 Since 1974 Facility & Manpower 2. JONGHAP Maritime Inc. Namhang Factory (HQ) ● Coverage: Workshop 1,584 ㎡ / Office building 1,100 ㎡ ● Facility:Machining room with various machines & cranes Engine OVHL room, Governor maintenance room Chemical cleaning room, Sand blasting room Special welding room, Pipe works room W/H, Crane work boat ● Manpower: 50 people

8. 8 Since 1974 Facility & Manpower 2. JONGHAP Maritime Inc. Chunghak Factory ● Coverage: Workshop 2,645 ㎡ / Office building 4,105 ㎡ ● Facility:O/H cranes x 14, Balancing machine x 6 Various machining equipment (CNC angler, lathe, welding, drilling) Water jet cleaning room, Sand blasting room T/C bearing & pump reconditioning room W/H etc. ● Manpower: 51 people

9. 9 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 1. Machinery & Steel Works Division 2. Revolution Machinery Division 3. Sales Division

10. 10 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 1. Machinery & Steel Works Division 1) Machinery & Steel Works for ships and plants - Engine OVHL & Repair - Aux. machinery repair - Propeller, Thruster & Rudder repair - Carpentry/Electric/Pipe/Steel outfitting works & hull repair - Chemical cleaning & reconditioning of heat exchangers - Conversion or Remodeling of passengers ships - Repair of Naval ships & equipment (incl. subsea diving equipment) - Repair of Maritime Police ships & equipment - KANAGAWA F.O & L.O Strainer sales & service agent - Cummins & high-speed engine repair, sales & part supply - AKASAKA engine OVHL & Repair

11. 11 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 1. Machinery & Steel Works Division

12. 12 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 1. Machinery & Steel Works Division

13. 13 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 1. Machinery & Steel Works Division

14. 14 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 2. Revolution Machinery Division 1) Repair & Part Supply for all types of turbochargers 2) Reconditioning of VTR T/C bearings & L.O pumps 3) Accredited service & part sales station for KBB & NAPIER 4) Accredited sales & repair center for IHI/TOMOE decanter, separator & filter 5) KAWASAKI Rexpeller (Azimuth thruster) repair 6) T/G & steam turbine repair

15. 15 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 2. Revolution Machinery Division

16. 16 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 2. Revolution Machinery Division

17. 17 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 2. Revolution Machinery Division

18. 18 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 2. Revolution Machinery Division

19. 19 Since 1974 Scope of Works 2. JONGHAP Maritime Inc. 3. Sales Division 1) Sales of marine spare parts & equipment - Korean spare part sales - Donghwa Entec (F.W. Generator/Heat exchanger etc) part sales - Donghwa Pneutec (ex. Jonghap Pneutec/ Air compressor) part sales - Equipment & Materials for new shipbuilding - Tools, utility & consumable for marine & industry 2) Authorized distributor for DONGKUK Steel (Plate & Profile) 3) Authorized distributor for KCC Marine Coatings 4) Authorized dealer for Cummins RCM engine & ONAN gen-set 5) Authorized dealer for KYEYANG electric tools & Buffalo tools 6) Authorized sales & service agent for KANAGAWA filter

20. 20 Since 1974 Certificates 2. JONGHAP Maritime Inc.

21. 21 Since 1974 Thank you