The vision for the newly merged entity is to advance our endeavours and to deliver a company that has the foundations and vision to generate further value for our shareholders through Azuri and a number of potential projects in the Indian Ocean Region. The capabilities of our core team and Board members will place BlueLife in position to maximise returns in the coming years, to be best in class, and to enhance the quality of living and lifestyle across the region.

The Land Development assets as shown above reflect the value of 403 arpents of freehold land available for future development, the carried cost for plots available for sale, as well as preliminary project planning and design expenses relating to on-going projects. Our Land Development value remains stable in spite of having sold the plot of land in Forbach, as we commenced the construction on the golf
course; and engaged in initial project expenditures for Azuri Smart City
and other individual projects.