The board of directors of SPT Energy Group Inc. announced that, recently, a subsidiary of the Company has successfully won the bid for the drilling services project of a tight gas block of China United Coalbed Methane Corp. Ltd. ("CUCBM"). The Project is a key project of CUCBM on tight gas block, with a tender amount of approximately RMB115,240,000. For the lot under the winning bid, the planned workload for 2021 is the provision of drilling engineering procurement construction ("EPC") services for 40 vertical/directional wells and three horizontal wells, which is expected to be completed within this year. The Group believes that the successful bidding represents CUCBM 's high recognition of the Group's technical strength, operational capability and corporate reputation, marking the Group's further expansion into the coalbed gas market of CNOOC. Drilling EPC services is a core business segment of the Group. Through years of site operation practices, the Group has optimised and improved the technology, process and collaboration in all aspects, and achieved enhancement of speed, quality and efficiency by optimising the allocation of various resources, so as to achieve win-win cooperation with customers. The Group will also continue to promote technological upgrade, deepen market expansion and maintain its leading position in the industry.