About Honghua Group Honghua Group, a HKEX listed company, is the main platform for energy equipment development of China Aerospace Science & Industry Corporation ("CASIC"). As one of the leading land drilling equipment manufacturers in the world and the largest land drilling rig exporter in PRC, Honghua is primarily engaged in manufacturing land drilling rigs (including rigs, core parts and components of drilling rigs and downhole tool), land completion equipment (including fracturing equipment sets) and off-shore drilling module and equipment, and providing related engineering services for onshore oil and gas exploration and development. Leveraging its strong R&D, high-quality production facilities and mature international sales network, 80% of Honghua's products have been sold to a large number of famous enterprises all over the world, including major oil-production regions such as North America, Middle East, and emerging markets including South America, India, Russia and Africa.