Yuhong Petroleum & Chemical Engineering Co.,Ltd.(hereinafter called as ¡°Yuhong¡±), a limited liability company, is sponsored by those of senior administrative staff who have been working in large-scale state-owned enterprises for many years, as well as experienced experts and technicians in petroleum and chemical machinery research and development, designing and manufacturing area. The company integrates with science, industry and trade to stress on the projects of international engineering and international preferential loan, also deal with trade business of various kinds of commodities and technology transfer.

Chengdu Yuhong Petroleum & Chemical Engineering Co., Ltd. was registered in one of the main National Science and Technology Zones--Chengdu Hi-Tech Industrial Development Zone on September25, 2001, and named as a ¡°Hi-Tech Enterprise¡± by the state on December 25 of the year. Under the joint efforts of all employees, the company developed rapidly, and established a new company--Shanghai Yuhong Petroleum & Chemical Engineering Co., Ltd. on October 30 of 2002.

In the area of international engineering, including technical development, consultation and service of petroleum and chemical machinery and relevant equipments; manufacturing and sales of petroleum and chemical machinery equipment and spares parts, Yuhong has its particular adventage. It has already occupied some market share in the market of Mid-Asia, Middle East, Southeast Asia and America, especially for the Mid-Asia market, the company had completed the exportation contract of 5 sets of ZJ70DS drilling rig to Turkmenistan which the contract value was USD54 million and was the highest scores of drilling rig export in China till then.

For the project of international preferential loan, the company cooperate with Kfw Bank Group to introduce the preferential loan to help the depressed area of China to improve their infrastructures, like the district heating, circular economic biogas, trash treatment, sewage treatment, water supply treatment and tree planting, to make its own contribution to the environmental protection in China.

On the basis of the current advantages, advanced technologies and management of the company and efficiency capability of the employees, Yuhong will be the most competitive cooperative partner of your company.