TSC Receives "2014 Corporation with Most Potential to Develop China's Economy" Award

On 16th November 2014, the 6th session of the "China Economic Development Forum" was held at the Great Hall of the People in Beijing, China. At the forum, TSC Group Holdings Limited ("TSC") was successfully awarded the honor of "2014 Corporation with Most Potential to Develop China's Economy". The forum was hosted by Xinhua News Agency Economic Information Daily and was approved by the Ministry of Commerce.

The forum drew over 300 attendees, including officials from the State Council as well as industry experts, scholars, entrepreneurs and mainstream news media members. Several distinguished guests included, Vice-chairman of the 10th NPC Standing Committee, Jiang Zhenghua, IPLE-CASS Director, Cai Fang, NPC Foreign Affairs Committee member, Lu Jianping, and President of the China Marketing Association, Gao Tiesheng.

The Third Plenary Session of 18th CPC Central Committee identified 2014 as a monumental year focused on comprehensively deepening reform and completing tasks associated with the "Second Five Year Plan." As a leader in China's onshore and offshore oil and gas industries, TSC has made outstanding contributions to China's economic development. The "2014 Enterprise with Most Potential to Develop China's Economy" award recognizes TSC's continued journey on the path towards continued innovation and accelerated growth.

Over the past few years, the global offshore rig construction industry has shifted towards China. Since 2013, Chinese shipyards have received the world's largest annual order intake, a title previously held by Singapore. TSC, through its in-house R&D, procurement and manufacturing, has successfully captured a significant role in providing total solutions to these rigs.

With the support of the government and beneficial policies, TSC has developed a manufacturing facility in Qingdao to develop, design and produce high-end offshore and onshore equipment. TSC looks to continue its contributions to China's offshore and unconventional oil and gas industries.

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