SUTL Enterprise Limited (“SUTL Enterprise” or the “Group”), a leading integrated marina developer, operator, and consultant and owner of the ONE°15 brand, has signed a Memorandum of Understanding (“MOU”) with the Hainan Cruise & Yacht Association (“HCYA”) to be its strategic partner in the development and expansion of Hainan Island’s yachting, cruising and maritime industry.
The MOU will facilitate the exchange of ideas between the two parties with the objective of boosting the island’s services and facilities at existing and upcoming marinas in Hainan Island, China, as well as to raise the profile of HCYA as the leading association for the promotion of yachting in China.
Under the terms of the MOU, SUTL Enterprise will leverage its expertise in marina development and management to offer HCYA advice to improve both the hardware and software on Hainan Island. Its obligations include exploring the feasibility of Hainan Island as host for international yachting events and regattas. The Group will also assist HCYA in establishing a training framework for the purpose of equipping local personnel with the relevant skillsets and service aptitude that are of international standards.
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