The board of directors of Jutal Offshore Oil Services Limited announced that the Group recently entered into several large scale project contracts, including fabrication of modules for an oil refinery plant in Argentina, and provision of engineering services and comprehensive services for a power generation project and a chemical project in China, with a total amount of approximately RMB 528 million (approximately HKD 606 million), and expected to be completed within next 12 to 36 months respectively.