Yinson Annual Report 2020

11 Annual Report 2020 Yinson was founded in 1983 as a humble transport and logistics company in Johor Bahru, Malaysia. Over the next 20 years, Yinson grew to become one of Malaysia’s biggest transport companies, operating a fleet of 365 trucks and supplying a further 565 trucks to our customers. In 2011, Yinson ventured into the oil and gas industry by forming a consortium with PetroVietnam Technical Services Corporation (“PTSC”, a subsidiary of PetroVietnam). The joint venture company was awarded a contract for the charter of an FSO vessel, FSO PTSC Bien Dong 01, which paved the way for Yinson to win a contract for the charter of an FPSO vessel, FPSO PTSC Lam Son. In 2014, our business was further strengthened with the acquisition of established Norwegian FPSO company, Fred. Olsen Production ASA. Through the acquisition, Yinson inherited a strong and experienced team, as well as contracts for a further three FPSO vessels and a MOPU. By mid-2016, Yinson divested its non-oil and gas businesses, streamlining the business to specifically serve the offshore oil and gas industry. We are now a full-fledged FPSO company, boasting a main fleet of six FPSOs (of which two are under conversion) and one FSO, complemented by four OSVs. We currently also have two tankers available for conversion into FPSOs. Gearing for growth, Yinson recently diversified into a third business division – Renewables. Yinson is one of the world’s leading energy solutions providers, with a presence in 11 countries. We design, construct, own and operate modern, purpose-built assets for the energy industry. ABOUT YINSON ABBREVIATIONS FPSO FSO OSV MOPU Floating Production Storage and Offloading Floating Storage and Offloading Offshore Support Vessel Mobile Offshore Production Unit

RkJQdWJsaXNoZXIy NDgzMzc=