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The Group’s revenue was up at

$18.5 million for the quarter

ended 31 December 2018 (“4Q

2018”) from $1.8 million for the

corresponding period in 2017,

contributedby fabricationprojects

and services, charter income and

the consolidation of CHOffshore

Ltd. Gross profit for 4Q 2018 also

increased to$4.5million from$0.5

million for 4Q 2017, as a result of

higher revenue earned.

Lim Ho Seng

Chairman

Baker Technology Limited