Hilong Holding Limited board of directors announced that Drilling Technologies LLC, an indirect wholly-owned subsidiary of the Company, has recently won a bid order from Rosneft Oil Company for the provision of 4,526.3 ton drill pipes in aggregate to Rosneft. Accordingly, Drill Technologies and Rosneft has entered into two drill pipe supply contracts in relation to the Bid with an aggregate consideration of approximately RUB 998.8 million (equivalent to approximately RMB 86.9 million). Each of the Contracts has a term ending on December 31, 2022.