On June 26, Toyo Construction Co., Ltd. (President and Representative Director: Tatsuyuki Nakamura; headquarters: Chiyoda-ku, Tokyo; hereinafter "the Company") held a delivery ceremony for its newly constructed self-propelled cable-laying vessel at the shipyard of Norwegian shipbuilder VARD. The ceremony was attended by representatives from the Company and the VARD Group, who celebrated the successful completion of the vessel. Self-Propelled Cable-Laying Vessel "DISCOVERY" Ceremony Highlights **************************Comments from Mr. Nakamura, President of Toyo Construction*************************** I am deeply honored to celebrate this milestone together with VARD and all other stakeholders who have contributed to making "DISCOVERY" a reality. As we prepare for full-scale operations in Japan, we will continue our commitment to creating long-term value for our customers, business partners, and society at large. ******************************************************************** ***************************Comments from VARD's Representative************************** We at VARD are proud to deliver this state-of-the-art, highly capable vessel to Toyo Construction Co., Ltd. This vessel represents the culmination of strong collaboration, combining the expertise of Toyo Construction, ClassNK, and the VARD Group to fully comply with Japanese classification and flag requirements while integrating advanced engineering, design flexibility, and specialized knowledge. "DISCOVERY" is the largest cable-laying vessel in Japan. Equipped with a removable cable-laying system and two offshore cranes, it offers exceptional flexibility for a wide range of offshore operations. We extend our deepest gratitude to everyone who has tirelessly contributed to completing this innovative project. We also extend our heartfelt congratulations to Toyo Construction Co., Ltd. on receiving their new vessel. ******************************************************************** ■ Meaning Behind the