25 ANNUAL REPORT 2024 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS OVERVIEW Keyfield is principally involved in the following: - (i) Chartering of own accommodation vessels and provision of related onboard services such as accommodation, catering, housekeeping, laundry and medical support services; and (ii) Chartering of third-party accommodation vessels and provision of related onboard services such as accommodation, catering, housekeeping, laundry and medical support services. We are one of the Malaysia’s leading fleet owners of self-propelled AWB, particularly DP2 equipped AWB. The accommodation vessels which we charter primarily cater for the upstream oil and gas industry. For FYE 2024, our customers primarily comprise PCSB, PACs and oil and gas contractors in Malaysia and in the Malaysia-Thailand Joint Development Area. Our current fleet of own vessels, all of which are Malaysian-flagged, are as follows: - Vessel category Vessel name Type of vessel Available accommodation capacity (pax) Functions Smaller sized vessels Keyfield Kindness 60M DP1 AHTS, 60T bollard pull 50 • A smaller accommodation vessel • An AHTS undertakes projects such as anchor deployment and retrieval, towing of vessels and restocking of supplies Keyfield Aulia 60.5M DP1 AHTS, 65T bollard pull 42 Keyfield Helms 1 76M DP2 Geotechnical PSV 48 • A smaller accommodation vessel • A geotechnical vessel equipped with moonpool to facilitate offshore geotechnical surveys • Can also be used as a PSV to transport materials and equipment between shore and offshore platforms Keyfield Gratitude 78.5M DP2 PSV 59 • A smaller accommodation vessel • A PSV transports materials and equipment between shore and offshore platforms Subtotal 199
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