Huadi International Group Co., Ltd. (“HUDI” or the “Company”) announced the Company has been awarded RMB 12.45 million (approximately $1.95 million) stainless pipe order contracts after winning bids for two chemical-related projects. HUDI will supply stainless pipes with a total value of RMB 9.74 million for a pyrolysis initiation project of Yulin Chemical Co., Ltd. of Shaanxi Coal and Chemical Industry Group Co., Ltd. (SHCCIG Yulin Chemical Co., Ltd.). The project involves construction of pulverized coal pyrolysis system with 1.2 million tons capacity per year, catalyst preparation facility with 35,000 tons capacity per year, suspension bed hydrogenation facility with 500,000 tons capacity per year and so on. HUDI will also supply RMB 2.71 million worth of stainless pipes to Jiangsu Zhongneng Silicon Industry Technology Development Co., Ltd., a leading silicon and chemical components manufacturer under the Hong Kong-listed GCL-Poly Energy Holdings Limited in China for its cold hydrogenation project.