Yinson Annual Report 2021

27 ANNUAL REPORT 2021 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 & gas industry by forming a consortium with PTSC, a subsidiary of Petrovietnam. The JV company was awarded a contract for the charter of an FSO unit, FSO PTSC Bien Dong 01, which paved the way for Yinson to win a contract for the charter of an FPSO unit, 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 FPSOs and a MOPU. By mid-2016, Yinson divested its non-oil & gas businesses, streamlining the business to specifically serve the offshore oil & gas industry. Since the acquisition, we have added three new FPSO projects to our track record (FPSO JAK, Ghana; FPSO Helang, Malaysia and FPSO Abigail-Joseph, Nigeria). Our latest asset, FPSO Anna Nery, is currently under construction. Today, with our diversified geographical presence and extensive engineering and operational expertise, we have grown to become one of the largest independent FPSO leasing companies globally. In 2019, Yinson diversified into renewables. Within a year, we acquired our first operational renewables asset, the 140MW Bhadla solar plants in India, and built a strong pipeline of greenfield development projects across the globe. In early 2021, we secured a new contract to build, own and operate a 190MW solar plant in the Nokh Solar Park, India. Our renewables footprint is rapidly expanding as we target to become a globally recognised independent power producer within clean energy. In 2020, Yinson established our Green Technologies Division. The Division focuses on investing in new technologies and business areas that enable the global transition to a carbon-free environment. Yinson is an energy infrastructure and technology company. Our geographical presence extends across the world, from West Africa, the Americas, Europe and Southeast Asia. ABOUT YINSON ABBREVIATIONS FPSO FSO MOPU Floating Production Storage and Offloading Floating Storage and Offloading Mobile Offshore Production Unit

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