Honghua Group Ltd., which registered in the Cayman Islands, manufactures drilling rigs, drilling parts and components, and offers drilling-related training as well as after-sales support services to the customers, Honghua Group Ltd. mainly do its business though its affiliate companies, including Sichuan Honghua Petroleum Equipment Co., Ltd. registered in China, Chengdu Hongtian Electric Drive Engineering Co., LTD. registered in China, Sichuan Honghua Youxin Petroleum Machinery Co., Ltd. registered in China, Honghua International Co., Ltd. registered in China, Honghua America, LLC registered in USA, Honghua Golden Coast Equipment FZE registered in Dubai(UAE), and Egyptian Petroleum HH Rig Manufacturing Shareholder Co. incorporated in Egypt. To expand our global marketing platform to increase sales, we have established a company in Russion as our subsidiary while we also have established some branch offices in India , Pakistan , Indonesia and Uzbekistan . We are one of the leading developers of land rig technologies in China , and we have created a wide range of patented technologies and proprietary designs which enhance the function and performance of our rigs. We are strongly committed to strengthening the global competitiveness of our rigs and rig parts and components. We have focused on research and development, assembling a team headed by leading Chinese experts in the oil and gas equipment industry. As a result of our dedication to technological innovation, we have successfully developed globally-competitive products such as our digitallyâ??controlled VFD rigs which, since being developed in 2001, have become our best selling rigs. More recently, we havedeveloped low-temperature tolerant rigs for the Russian market, trailer drilling rigs for the markets in the USA , the Middle East and India, and digitally controlled offshore drilling modules for the offshore drilling market.