Hilong Holding Limited announced that the Group has recently signed a drill pipe supply contract with NSH Asia Drilling LLC in relation to the provision of 1,559 tons of high-strength drill pipes for operations in Russia, and a five-year coating services contract with PJSC Slavneft-Megionneftegaz, respectively. The aggregate consideration for such contracts is approximately RUB 1,130.7 million (equivalent to approximately USD 14.2 million). In particular, the drill pipe supply contract with NSH Asia Drilling LLC demonstrated the success and market recognition of the HLSD33 high- strength drill pipe, the Group's recently launched drill pipe model.

The Group won the bid for providing drill pipes for all 11 sets of drilling rigs operated by NSH Asia Drilling LLC. NSH Asia Drilling LLC is a company incorporated in Uzbekistan and is principally engaged n the provision of drilling services in the construction of oil and gas wells.