Chongqing Xintai Machinery Ltd.

Chongqing Xintai Machinery Ltd. is a China-based manufacturer of oilfield drilling and completion equipment founded in 1998 and headquartered at No. 999 Xinguang Avenue, Yongchuan District, Chongqing. The company employs more than 400 people and has registered capital of 80.12 million yuan (approximately USD 13 million) with total assets exceeding 501 million yuan (approximately USD 81 million). Xintai specializes in the production of high-pressure wellhead systems, Christmas trees, gate valves, choke and kill manifolds, casing and tubing heads, rotating BOPs, mud-gas separators, choke valves, mud pumps, hard-sealed ball valves, and downhole tools. The company holds API monogram licenses for API 6A, 16A, 16C, 16RCD, 5CT, and 6D, as well as ISO 9001:2000 quality management system certification. Xintai has been recognized as a high-tech enterprise in Chongqing Municipality, a top-10 industrial enterprise in Yongchuan District for 10 consecutive years, and a member of China's oil drilling technology and tools standardization committee. Products are used domestically in the Tarim, Daqing, Dagang, and Liaohe oilfields, and are exported to Iraq, Indonesia, Myanmar, Iran, Kuwait, Sudan, the United States, Nigeria, and Uzbekistan. Xintai operates a joint venture manufacturing facility in Indonesia through PT partnership.