Sinopec Oilfield Equipment Corporation Approves Election of Non-Independent Directors, Independent Directors and Non-Employee Supervisors

Sinopec Oilfield Equipment Corporation, formerly Kingdream Public Limited Company, is a China-based company principally engaged in the research, development, manufacture and distribution of petroleum engineering equipment and tools. The Company’s main products include cone bits and diamond bits, oil rigs, cementing equipment, fracturing equipment, workover rigs, coiled tubing equipment, pressure equipment, natural gas compressors, water treatment equipment, oil and gas pipelines and down hole tools, among others. The Company also provides services, such as petroleum equipment inspection and natural gas pressurization. The Company distributes its products within domestic market and to overseas markets.