Hilong Holding Limited announced that the Group has further strengthened its presence in the North America and South America markets. The Group has recently signed seven drill pipe supply contracts and two coating service contracts. DRILL PIPE With respect to the South America market, Hilong USA LLC entered into a contract with Ventura Petroleo S.A. (Ventura) for the provision of 6 5/8 inch diameter ultra deep water landing string as part of Ventura's offshore drilling services for Petróleo Brasileiro S.A. With respect to the North America market, Hilong Petropipe Co.

Ltd. has signed drill pipe contracts with Horizon Drilling, a division of Western Energy Services Corp. which is listed on the Toronto Stock Exchange, for the provision of HLST40 connection drill pipe, Precision Drilling Canada Limited Partnership, a subsidiary of Precision Drilling Corporation which is listed on the Toronto Stock Exchange and the New York Stock Exchange, Complete Tubular Products Ltd, Savanna Drilling Corp., and Bonanza Drilling Inc., for the provision of double buckle drill pipes. These new business opportunities demonstrated that the Group has made significant inroads in the Canadian market as part of the Group's strategy to expand its international footprint.

In addition, the Group has further renewed its drill pipe supply contract with Ensign US Southern Drilling LLC, a subsidiary of Ensign Energy Services Inc. which the Group has maintained well-established business relationship with. The total contract value of the drill pipe supply contracts a forementioned is approximately USD 28.0 million. The Board believes that the drill pipe supply contracts will further solidify the Group's presence in the international markets and demonstrate that the Group's drill pipe production capability is highly recognized in the industry.

COATING SERVICE Additionally, the Board announced that the Group has recently signed coating service contracts with XTO Energy Inc., an ExxonMobil subsidiary, and ConocoPhillips, respectively. The total contract value of the coating service contracts is approximately USD 13.5 million. The Board believes that the coating service contracts are testament to the Group's product quality and ability to meet expectations of major oil and gas companies in the North America market.

To the best of the Company's directors' knowledge, information and belief, and having made all reasonable enquiries, Ventura Petroleo S.A., Western Energy Services Corp., Precision Drilling Canada Limited Partnership, Complete Tubular Products Ltd, Savanna Drilling Corp., Bonanza Drilling Inc., Ensign US Southern Drilling LLC, XTO Energy Inc. and ConocoPhillips are third parties independent of, and not connected with, the Company and its connected persons as at the date of this announcement.