Honghua Group Limited

Honghua Group Limited (HKG:0196) is an investment holding company. The Company is engaged in research, design, manufacture, setting and sale of land rigs and related parts and components, design and manufacture the offshore drilling module. It also provides technical support services and drilling engineering services for clients. The Company operates in two segments: drilling rigs, which is engaged in the manufacture and sale of drilling rigs, and parts and components, which is engaged in the manufacture and sale of parts and components of drilling rigs. Its subsidiaries include Honghua Holdings, Honghua Company, Hongtian Company, Youxin Company, Honghua International Co., Ltd, Honghua America, LLC, Golden Coast Company, Sichuan Honglian Industrial Co. Ltd., Sichuan Hongcheng Business Trading Ltd., Newco (H.K.) Limited, Russia Honghua Co., Ltd, Honghua Offshore Oil and Gas Equipment (Jiangsu) Co., Ltd and Shanghai Honghua Offshore Oil and Gas Equipment Co., Ltd.