On April 20, 2014, the investigation team under the leadership of Su Xinbin, Chairman of Hongyuan Petroleum and Gas Group Co.,Ltd and Shuai Qiang, Deputy Vice President, paid a visit to the U.S. Branch, CTD OIL PRODUCTS, LLC., for purpose of investigation and direction. Su Ming, Manager of the U.S. Branch, reported personnel allocation and operation and production condition of the U.S. Branch to the leaders from the Head Office.

Su Xinbin highly praised CTD U.S. Branch’s operation and production achievements and its work team. He pointed out that CTD U.S. Branch was a platform for Hongyuan to realize diversification and internationalization. It was necessary to establish a complete management framework and procedure, leading the employees to achieve development together with the Company based on concrete results. Meanwhile, CTD U.S. Branch shall be geared to international conventions, face the challenges actively, pool the talents it needs and open up the market.

The U.S. Branch is located in Houston, Texas, the fourth largest city in the United States. The Branch is located on the busy Bellaire Boulevard, close to Halliburton Headquarters. Our office is on the 8th floor of American First National Bank, a landmark building of the area, having an office space of over 500m2. For the moment, there are 9 American employees who are from major oil companies while being experienced in the industry and being provided with good professional qualities. The Branch has played an important role in establishing quality procurement channel and developing the American market of the Company.