Intercont (Cayman) Ltd

Intercont is a Cayman exempted company formed on July 4, 2023. On March 27, 2024, Intercont completed a reorganization of its corporate structure. Intercont owns a 100% equity interest in each of Fortune Ocean Holdings Limited, a British Virgin Islands holding company formed on January 22, 2024 ( Fortune Ocean or the BVI Subsidiary ), and Singapore Openwindow Technology Pte. Ltd., a Singapore private company limited by shares formed on July 28, 2023 ( Openwindow or the Singapore Subsidiary ). On March 14, 2024, Fortune Ocean became the 100% owner of Top Wisdom Shipping Management Co., Limited, a Hong Kong company formed on February 1, 2013 ( Top Wisdom ), Top Creation International (HK) Limited, a Hong Kong company formed on July 29, 2011 ( Top Creation ), Top Moral Shipping Limited, a Hong Kong company formed on December 12, 2013 ( Top Moral ), Top Legend Shipping Co., Limited, a Hong Kong company formed on March 6, 2013 ( Top Legend ), and Max Bright Marine Service Co., Limited, a Hong Kong company formed on April 2, 2014 ( Max Bright, and together with Top Wisdom, Top Creation, Top Moral, and Top Legend, the Shipping Subsidiaries or the Hong Kong Subsidiaries ). The Group has conducted its international maritime shipping business through the Shipping Subsidiaries since 2011. Openwindow plans to launch its seaborne pulping business in an orderly manner during the fiscal year 2026, subject to the external economic environment and market conditions. Closing of IPO On March 31, 2025, Intercont closed its initial public offering ( IPO ) of 1,500,000 Ordinary Shares.