Shih Wei Navigation Co., Ltd

Shih Wei Navigation Co, Ltd.(Stock Ticker: 5608, hereinafter referred to as Shih Wei Navigation) operates as a dry cargo shipping company engaging in the shipping transportation, shipping agency, ship leasing, and trading. Founded in March, 1985, Shih Wei Navigation Co, Ltd. was approved to trade its stocks on Taipei Exchange (TPEx) on July 3, 2001, and to be listed on Taiwan Stock Exchange (TWSE) on August 25, 2003. As of the end of December 31, 2022, Shih Wei Navigation and its wholly-owned subsidiaries run a diversified fleet of 34 self-owned ships in total, with an average age of approximately 10 years, making our Company a large-scale domestic shipping company running a diversified fleet. In the future, we will continue to diversify the operating methods, expand routes in different regions, and be devoted to the improvement of the overall service quality and strengthening the financial structure to maximize the value of the Company and the shareholders. Shih Wei Navigation actively started its diversification management strategy from December, 2012 and made investment in its subsidiary, Dancewoods Hotel & Resorts. As of December 31, 2022, Shih Wei Navigation’s shareholding ratio of Dancewoods Hotel was 51.52%. Dancewoods Hotel was officially opened for operation on March 16, 2018 and is the first Japanese garden-themed landscape hotel & resort in Taiwan.