Chairman Speech

Dear Honorable Guests and friends,

On behalf of Shandong Binzhou Shengbin Petroleum Instruments Manufacturing Co. Ltd. (SuccessFlow), I would like to extend my sincere gratitude to you all, especially to our clients’ management for your interest and support.

SuccessFlow, established in August 1988, is one of the largest R&D manufacturers of petroleum engineering, well logging technology and oilfield technologies in China. For the past 30 years, SuccessFlow contributed itself to the research and development of the oilfield exploration and engineering services. It provided significant supports for PetroChina, Sinopec and their oversea subsidiaries.

We produce over ten thousand products and spare parts, including Bar- and Pin- Style Horizontal Logging Wet Sub Connecting tool, SF-LWD wireless Logging-while-drilling system, Electronic Selective Coring Gun, Rotating Formation Coring Tool, Slimhole Fishing Tools, Winch Surveillance System, High pressure BOP system, Logging Winch Collective Ring, Depth Measurement Device, sheaves, tractors, bypasses and brindles.

Looking for the future, competition in the oilfield manufacturing market will be more and more severe. Nevertheless, opportunities and challenges are coming simultaneously. Continuing to carry forward our R&D vision and work-out, we will take advantages of opportunities and follow the global trend for improvement. In addition, we take action to expand markets, make reforms on work styles and organization structures to improve efficiencies. Furthermore, we continue to make overall improvement on the core competitiveness and achieve sustainable development in order to create higher values for our clients as well as the whole society.

Last but not least, I would like to express my thanks to our employees for their hard work, and to all our friends especially our clients for their sincere support!