The board of directors of Hilong Holding Limited announced that Hilong Petroleum Pipe Company LLC, an indirect wholly-owned subsidiary of the company, has recently signed a drilling tubulars contract with ADNOC Drilling Company PJSC (ADNOC Drilling) for the provision of drilling tubulars for onshore land rigs and offshore jackup rigs. The total contract value of the Contract is approximately $61.5 million. The Board announced that the signing of the Contract demonstrates that the Group's drilling tubulars are further accredited by ADNOC Drilling.