Vivic Corp. is a holding company with operations conducted primarily through its subsidiaries. The Company is engaged in the design, construction, on an outsourced basis, and distribution of power boats, charter boats and eco-friendly new energy boats. It designs and offers various yacht models which differ in their sizes, performance, and functions. It has its own brand name, VIVIC. Its yachts are manufactured by third parties selected by the Company. The Company is the exclusive distributor of Monte Fino yachts in the People’s Republic of China, the Philippines and the Middle East. It markets its yachts by participating in boat shows, through a channel of agents and operators in various regions. It includes a V55 Luxury Catamaran Yacht, EV2, MF C45 Motor Yacht and others. The V55 yacht is a sophisticated and powerful vessel with an overall length of approximately 17.36 meters, a maximum beam of over 7.4 meters, a draft of over 0.9 meters and a displacement of over 25 tons.