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Below is the verified list of major contracts and agreements signed by the OceanScape and its subsidiaries:
Renewable Energy Business
- Joint Bidding Agreement for Wind Power (December 2025):
- Signatories: OceanScape International Limited, Shandong Haijing New Energy Technology Co., Ltd., and China Energy Group Shandong Electric Power Co., Ltd.
- Purpose: To submit a joint bid for the Shandong Province " 14th Five-Year Plan" Third Batch of Centralized Onshore Wind Power &ndash Weifang Changyi City No. 1 Wind Power Project.
- Capital Risk Mitigation Clause: OceanScape negotiated strict protective boundaries. The company has the absolute sole discretion to withdraw from the agreement or lower its capital commitment entirely without penalty.
- Funding Ceiling: Under the contract terms, OceanScape cannot be legally forced to contribute more than 10% of the total capital required for the Proposed Joint Venture. It will act as a passive financial investor, remaining completely un-involved in day-to-day management.
- Commercial Reward (O& M Right): In exchange for backing the bid, the agreement guarantees OceanScape a Right of First Refusal (ROFR) for the lucrative long-term Operation and Maintenance (O& M) services of the wind farm project. Provided their bid is competitive with standard market terms, the contract dictates that O& M work must be awarded to OceanScape.
Solar Panel Purchase Agreement (November 2025) &ndash Terminated March 2026:
- Signatories: Wholly owned subsidiary SeaScape Energy Pte. Ltd. (as Buyer) and Changshu Canadian Solar Power Technology Co., Ltd. (as Seller).
- Details: A Sale and Purchase Agreement (SPA) to purchase solar panel inventory for approximately US$3,184,000 (~S$4,127,489).
- Status: Mutually canceled via a Termination Agreement signed on 27 March 2026.
- The Original Deal: SeaScape Energy signed a S$4.12 million Sale and Purchase Agreement with Changshu Canadian Solar Power Technology Co., Ltd. to buy high-volume photovoltaic equipment inventory.
- The Break Down: In February 2026, the manufacturer (Canadian Solar) officially informed OceanScape that it was unilaterally invoking capacity re-allocation clauses because it needed to move its manufacturing lines elsewhere.
- The Mutual Termination: On 27 March 2026, both parties formally signed a clean-break Termination Agreement. No funds were exchanged, no penalties were paid, and both parties released each other from all liabilities. However, this effectively stalled OceanScape' s solar inventory revenue generation pipeline for early 2026
Commodities Trading Business
- Iron Ore Fines Supply Agreement (December 2025):
- Signatories: OceanScape subsidiary OceanScape Trading Pte. Ltd. (OTPL) and Eldon Development Ltd, a subsidiary of Shandong Iron & Steel Group Co., Ltd.
- Details: A 12-month supply agreement granting OTPL the right to supply up to 1,200,000 metric tons of grade 50%&ndash 54% iron ore fines to the Purchaser.
- Financial Scope: The contract carries a projected deal value of approximately US$124.8 million (~S$162 million).
Debt & Asset Restructuring
- Debt Conversion Agreements:
- Signatories: The Group and various third-party corporate creditors.
- Purpose: Converting outstanding company liabilities into equity or restructured debt instruments to significantly reduce cash outflows.
- Business Disposal Agreements (Late 2025):
- Signatories: OceanScape International Limited.
- Details: Share disposal agreements to sell off all issued ordinary shares in 1Care Global Pte. Ltd. and V2Y Insurtech Pte. Ltd. to stop ongoing financial losses in its former food & beverage and insurtech segments
ENTRY INTO OPERATIONS AND MAINTENANCE CONTRACT
INFORMATION ON THE CONTRACT
2.1. Pursuant to the Contract, Shandong Ruixuechang has appointed SeaScape Energy Pte Ltd as the third-party operations and maintenance service provider for the management, operation and maintenance of Shandong Ruixuechang&rsquo s 300MW solar photovoltaic power plant located in the PRC.
2.2. The Contract is for a fixed term of two years commencing from 1 July 2026 to 30 June 2028, and shall be automatically renewed upon expiry of the Contract, on the same terms and conditions unless either party provides written notice of non-renewal prior to the expiry of the Contract in accordance with the terms of the Contract.
2.3. Pursuant to the Contract, the estimated annual operations and maintenance service fees payable to SEPL are approximately RMB15.0 million per annum, equivalent to approximately S$2.8 million based on the prevailing exchange rate.
FINANCIALS EFFECTS
5.1. Based on the estimated annual contract value, the Contract is expected to contribute positively to the earnings per share and net tangible assets per share of the Group for the current financial year ending 31 December 2026.
The Board wishes to update shareholders that, on 26 May 2026, the Company and the ExSponsor reached an amicable settlement in respect of the legal proceedings against the Ex-Sponsor and the Ex-Sponsor Claim, following discussions between the parties through mediation.
Pursuant to the Settlement, the Company will be taking the necessary steps to discontinue the legal proceedings against the Ex-Sponsor and the Ex-Sponsor will have no further claims (including but not limited to the Ex-Sponsor Claim) against the Company.
The Settlement is not expected to have any material impact on the Group&rsquo s consolidated net tangible assets or earnings per share for the current financial year ending 31 December 2026.
The legal proceedings against the Former Directors remain ongoing. The Company will make further announcements as and when there are material developments on this matter.
https://www.zaobao.com.sg/finance/singapore/story20260428-8966853
After being suspended from trading for more than half a year, the listing of Oceanscape International on the Catalist Board raises questions about when it will resume trading, causing dissatisfaction among shareholders.
Oceanscape International Official Website Up & Running!
http://oceanscape.sg/#four
More Good News Coming Soon!
RESULTS OF EXTRAORDINARY GENERAL MEETING
The Board of Directors of OceanScape International Limited wishes to announce that, pursuant to Rule 704(15) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited, all the resolutions set out in the Notice of Extraordinary General Meeting dated 9 December 2025 were duly passed by shareholders of the Company, by way of poll, at the extraordinary general meeting held on 29 December 2025 at Room 300, Suntec Singapore Convention & Exhibition Centre, 1 Raffles Boulevard, Singapore 039593.
Ordinary Resolution 1 - The Proposed Disposal of all the issued ordinary shares in 1Care Global Pte. Ltd. and V2Y Insurtech Pte. Ltd
Ordinary Resolution 2 - The Proposed Purchase of Inventory as the first major transaction involving the Renewable Energy Business
Ordinary Resolution 3 - The Proposed Entry into an Agreement as the first major transaction involving the Commodities Trading Business
Ordinary Resolution 4 - The Proposed Payment of Directors&rsquo Fee of S$191,000 for the financial year ending 31 December 2025
Ordinary Resolution 5 - The Proposed Appointment of Baker Tilly TFW LLP as the Auditor of the Company
Ordinary Resolution 6 - The Proposed Adoption of the OceanScape Performance Share Plan 2026
ASSIGNMENT OF OPTION TO PURCHASE PROPERTY
The Board wishes to update shareholders that the Company has determined that it is unlikely for the Company to be able to exercise the OTP within the option period, i.e., by 9 January 2026. In view of the foregoing, the Company has decided to assign its rights under the OTP to Mr Lang Jinjun, for Mr Lang Jinjun to proceed with the exercise of the OTP in his personal capacity at his own discretion.
Accordingly, the Company will not be proceeding with the Proposed Acquisition. In accordance with the undertaking previously provided to the Company, Mr Lang Jinjun will indemnify the Company for all costs and expenses incurred in connection with the Proposed Acquisition, including but not limited to the Option Fee.
CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE 3 MONTHS AND 9 MONTHS ENDED 30 SEPTEMBER 2025
Loss For The Period = 425,000, Total Asset = 1,299,000
In assessing the appropriateness of the going concern assumptions of the Group, the management are of the view that the use of going concern assumption to prepare the financialstatements is appropriate based on the following factors:
(a) The Group secured up to S$20 million in financing commitment from its Executive Chairman, comprising S$15 million interest-free loan and S$5 million convertible loan, supporting its going concern.
(b) The Group has entered into debt conversion agreements with creditors to reduce debts and cash outflow.
(c) The Group had disposed of three (3) loss-making subsidiaries in the food & beverage business segment in Quarter 2, 2025 to curb further loss.
(d) The Group is pursuing new business opportunities in renewable energy and commodities trading, which have been approved by Shareholders on 25 Nov 2025. The management believes this strategic diversification is a transformational opportunity designed to de-risk the Group&rsquo s operational profile and establish a robust platform for long-term sustainable growth and enhanced shared value creation for all stakeholders.
ENTRY INTO AGREEMENT FOR JOINT BIDDING OF PROJECT
The Board of Directors of OceanScape International Limited wishes to announce that the Company has, on 8 December 2025, entered into an agreement with 山 东 海 景 新 能 源 科 技 股 份 有 限 公 司 , Shandong Haijing New Energy Technology Co.,Ltd. and 国 家 能 源 集 团 山 东 电 力 有 限 公 司 , China Energy Group Shandong Electric Power Co., Ltd., to jointly bid for the &ldquo Shandong Province &lsquo 14th Five-Year Plan&rsquo Third Batch of Centralized Onshore Wind Power &ndash Weifang Changyi City No. 1 Wind Power Project.
Shandong Haijing New Energy Technology Co.,Ltd. is a high-tech enterprise established in 2012 with a registered capital of RMB 300 million. Its core businesses include new-energy equipment manufacturing, integrated wind&ndash solar&ndash storage power station development, and smart-energy solutions. The group has developed a vertically integrated value chain covering photovoltaic equipment, energy-storage systems, smart wind-turbine equipment, and electrical equipment, and is recognised as a leading clean-energy solutions provider in northern China. Shandong Haijing also develops and operates renewable-energy projects with a self-owned portfolio of approximately 228 MW.
The Joint Venture is an opportunity that originated from Shandong Haijing, which the Company&rsquo s Executive Chairman, Mr Lang Jinjun, is the controlling shareholder of. Mr Lang directly owns 90% of the total issued and paid-up share capital of Shandong Haijing.
The Joint Venture is an opportunity that originated from Shandong Haijing, which the Company&rsquo s Executive Chairman, Mr Lang Jinjun, is the controlling shareholder of. Mr Lang directly owns 90% of the total issued and paid-up share capital of Shandong Haijing.
China Energy Group Shandong Electric Power Co., Ltd. is a key regional unit of China Energy Investment Corporation, one of the world&rsquo s largest integrated energy groups. It is responsible for power production, energy supply assurance, and renewable energy development in Shandong Province. The company operates across thermal power, wind and solar projects, heating, gas turbines and smart-energy services, and has strong capabilities in large-scale project development and integrated energy solutions.
Shareholding (%) Estimated Capital Contribution
Shandong Haijing 51% RMB122,400,000
China Energy Shandong 39% RMB93,600,000
OceanScape International Limited 10% RMB24,000,000
In the event where the Company and the Joint Venture Partners are successful in their bid for the Project, the Company will then decide whether to enter into the Proposed Joint Venture. If the Company intends to enter into the Proposed Joint Venture, the Company will assess, inter alia, the applicability of the various provisions of the Catalist Rules, and will convene an extraordinary general meeting to seek shareholders&rsquo approval for the Proposed Joint Venture if necessary.
