Spokesman Andreas Angelides said Tuesday an investigation is underway to determine the exact causes of the accident, which took place on the island's remote northwestern tip late yesterday.
It's believed the boat, driven by the 50-year-old Greek Cypriot man, may have struck some shoals close to shore. The accident killed a 32-year-old Chinese woman who lived on the island.
The woman was onboard the boat with a Chinese couple and their 11-year-old daughter and eight-year-old son. The man was in critical condition, and the mother and children are being treated in the hospital with injuries.