INTRODUCTION OF WEIMA-Shandong Weima Equipment Science & Technology Co., Ltd.

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Being founded in 2007, and headquartered in Dongying Economic Development Zone, Shandong Province, Weima Group is a national high-tech enterprise and a national "specialized, special and new key giant" enterprise. Deeply engaged in the field of petroleum equipment manufacturing for more than fifteen years, it has developed into a high-end comprehensive manufacturing enterprise specializing in oil, natural gas, shale oil, shale gas and other oil and gas energy drilling and production development, providing drilling tools, completion tools, cementing tools and overall solutions.

With strong comprehensive strength, the company has been approved by the National Green Factory, the National Overseas Talent Project, and won the Shandong Province Technology Innovation Demonstration Enterprise, Manufacturing Single Champion Enterprise, Gazelle Enterprise, digital economy "Morning Star Factory" and many other authoritative honors.

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CORE BUSINESS AREAS

In its core business segment, the company has achieved full-industry-chain coverage of drilling tool products and mastered a range of advanced industry technologies, including upsetting for ultra-long smooth transition zones, full-length heat treatment of pipe bodies, full-length non-destructive testing of pipe bodies, and the WT series of high-temperature internal coatings. Its product quality ranks firmly among the top tier of the industry.

The company has delivered outstanding market performance: domestically, it has won the top bidder position in Sinopec's drill pipe tenders for consecutive years; it is a Class A supplier of CNPC and a key supplier of CNOOC, with its services covering all major oilfields across China. Internationally, its products are exported to major global oil and gas-producing countries and regions, including the Commonwealth of Independent States (CIS), the Middle East, North Africa, Southeast Asia, and North and South America Boasting superior quality, the products have earned unanimous praise and recognition from major oil & gas companies, drilling firms, and oilfield service providers worldwide.

In recent years, the company has also developed special-purpose tools for the trenchless construction sector, which are now widely applied in scenarios such as coalbed methane extraction, municipal engineering, pipeline crossing projects, and mine emergency rescue operations.

BUILDING A WORLD-LEADING OIL AND GAS EQUIPMENT SERVICE PROVIDER

Currently, Weima has evolved into a diversified group structure, with several wholly-owned subsidiaries including Hongfeng Intelligent, Weima New Materials, Vmax Valves, and Lintao Petroleum Engineering & Technology Services. Since initiating its group restructuring in 2019, the company has completed full-process preparations to enable efficient collaboration between the parent company and its subsidiaries. It has established a comprehensive closed-loop operation system integrating talent cultivation, R&D, production, sales, after-sales service, and oilfield technical services. By investing in new projects, expanding product lines, and extending the industrial chain, Weima precisely meets the diversified market demands, achieving synchronous growth in both economic and social benefits.

Looking ahead, the company will always uphold its corporate culture that emphasizes "Character shapes products; positioning defines standing; details determine success; attitude dictates everything". It will continue to increase R&D investment, drive development through technological, managerial, and talent innovation, and focus on the diversified advancement of products, technologies, and human resources. Accelerating its transformation from traditional manufacturing to high-end intelligent manufacturing, Weima is committed to refining, optimizing, and strengthening its business, striving to become a world-leading service provider of oil and gas equipment.

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