【FOR IMMEDIATE RELEASE】

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited Stock Code：1938.HK Chu Kong Steel Pipe Receives 55,000 Tonnes New Orders Order to be Delivered Reaches 369,000 Tonnes

(April 15, 2014 - Hong Kong) Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (the "Company", together with its subsidiaries hereinafter referred to as the "Group", or "Chu Kong Steel Pipe" stock code: 1938), the largest manufacturer and exporter of longitudinal submerged arc welded steel pipes in China, is pleased to announce that the Group has been awarded 3 new bidding confirmations for 55,000 tonnes of steel pipe recently. Year to date, the Group is due to supply in aggregate 369,000 tonnes of welded steel pipes within 2014.
The Group has recently been awarded the following major bidding confirmations by independent third parties, for supplying of an aggregate of approximately 55,000 tonnes of the steel pipes, with a total contract value worth approximately RMB365million. Those are expected to be delivered in 2014, including:
1. Longitudinal submerged arc welded ("LSAW") steel pipes for the Lukoil Oil
Company's Oil project in Uzbekistan
2. LSAW steel pipes for the gas transmission for the Chengdu City Gas Project in Suhuan, China; and
3. Spiral submerged arc welded ("SSAW") steel pipes for the Pingtan Bridge Project in
China.
As of today, the Group has accumulated orders to supply in aggregate 369,000 tonnes of welded steel pipes within 2014, including the total new orders of 198,000 tonnes received year to date ("Year-to-date Order"), and the total orders of 171,000 tonnes brought forward from last year. The Year-to-date Orders consists of 116,000 tonnes from overseas customers, and the remaining are from the three major oil and gas companies in China, city gas projects and infrastructure projects located in China.
Mr. Chen Chang, Chairman of the Group, comments, "It was impressive so far for the order received these couple months, which has already exceeded the volume of our total delivery last year, representing a good sign of order receiving. We will continue to strive for new orders with our high-quality steel pipe products and diversified product strategy."
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1 | P a g e About Chu Kong Steel Pipe

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited is the largest manufacturer and

exporter of longitudinal submerged arc welded steel pipes in China. Our steel pipes are mainly used

for energy transmission that includes oil and gas transmission pipelines, deep sea pipelines, city gas

pipe networks, petrochemicals, mining, power grid, offshore platform and infrastructure projects.

The Group's production bases are located in Panyu, Zhuhai, Jiangyin, Lianyungang and Saudi Arabia (under construction). The Group has 6 LSAW, 2 SSAW and 1 ERW production lines with a combined annual production capacity up to 2,710,000 tonnes.

Chu Kong Steel Pipe is the industry pioneer of LSAW steel pipes, strong in research and development with more than 50 registered utility patents including 5 registered invention patents, and has a long standing international and nationwide track record. The Group is the first and only steel pipe manufacturer in China to produce deep sea welded steel pipes for using under 1,500m water depth. Chu Kong Steel Pipe is the only welded pipe manufacturer in China that has achieved five national honors and awards, including "Gold Cup Prize for Actual Quality of Metallurgical Products", "China Well-known Trademark", "National-recognized Enterprise Technology Centre", "High Technology Enterprise" and "Academician Workstation", we are also the main drafter of the national standard for longitudinal welded steel pipes for transmission.

For media enquiries, please contact

Shelldy Cheung

Phone: (852) 2626 1833

Email: shelldycheung@zhujiang.co m .hk

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