Introduction:
Located along the major shipping routes of East Asia, Kaohsiung Port stands as one of the region's premier natural harbors. Its unparalleled geographical advantages endow Kaohsiung Port with immense potential for the development of marine fuel bunkering services. We are delighted to announce the collaborative establishment of Formosa Grandseas Bunkering and Trading Corporation (“Formosa Grandseas”), a joint venture between Winson Group's TS Labuan Ltd and Formosa Group's Formosa Petrochemical Corporation (“FPCC”). This partnership brings together the formidable strengths of both companies in different specialized fields within the industry, ushering in a new era for "Marine Fuel Bunkeirng Services" in Taiwan's Kaohsiung Port. Moreover, it seeks to provide high-quality and efficient fuel refueling services to international vessels traversing the Pacific region, catering to the fuel demands of all international maritime stakeholders along this vital maritime route.

Synergistic Collaboration:
The fresh alliance between Winson Group and Formosa Group harnesses their extensive expertise and conglomerate resources in petroleum refining, oil storage, and maritime refueling domains. Under the joint strengths of both entities, Formosa Grandseas will utilize Kaohsiung Port as its operational hub. Its operations will encompass marine fuel transshipment, export, and trading in regions including China, Hong Kong, and Japan. The company is dedicated to transforming Kaohsiung Port into a pivotal oil transshipment center within East Asia, thereby interconnecting a global network of fuel services. This strategic move positions it as an innovative and robust benchmark within the fuel services industry, fostering mutually beneficial outcomes for all stakeholders and paving the way for a win-win future.

Promoting Economic Growth and Employment Opportunities:
Formosa Grandseas, operating from its core ship refueling services, leverages the platform effect by synergizing its advantages in oil resources with port services. This integration radiates into a comprehensive maritime service throughout the entire supply value chain. By comprehensively optimizing the maritime service system, it becomes an attractive destination for a greater number of international vessels to dock. This generates a ripple effect of economic activity, augmenting maritime traffic and, in turn, providing local enterprises with new business opportunities. As a result, the collaborative efforts of Formosa Grandseas are poised to stimulate local economic growth and enhance employment prospects.

Commitment to Sustainability:
Winson Group and FPCC prioritize sustainable development and the practice of corporate social responsibility. The oil storage tanks will incorporate energy-saving systems, waste management protocols, and renewable energy sources as part of their environmental protection measures. This reflects the joint venture's dedication to maximizing environmental conservation efforts and underscores their determination to support local well-being. By integrating these eco-friendly initiatives, the partnership demonstrates its unwavering commitment to both environmental preservation and community advancement.

Conclusion:
The establishment of Formosa Grandseas Bunkering and Trading Corporation, a joint venture between Winson Group and FPCC in Kaohsiung, marks a significant milestone in Taiwan's fuel services industry. This collaboration not only enhances Taiwan's fuel supply capabilities but also strategically solidifies Kaohsiung Port's position along the key shipping routes of North Asia, further cementing its crucial role as a preferred petroleum supply hub within the East Asian region.

This joint venture project holds immense potential for economic growth, job creation, and sustainable development. It tangibly embodies the commitments of both Winson Group and FPCC to environmental protection and social responsibility. We are deeply enthused by this collaboration and eagerly look forward to working closely with relevant local entities in Kaohsiung to achieve our shared objectives.