History--Yantai Jereh Oilfield Services Group Co.,Ltd.

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New Journey

(2008-2010)

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·March 31, 2010,

Laishan District held the Industrial Economy Observation and Emulation Conference at Jereh facility. Mr. Sun Weijie, the Board Chairman of Jereh Group made the speech and Mr. Duan Dawei, the chief secretary of Laishan government highly praised Mr. Sun Weijie and Jereh Group.

·March 22-24, 2010,

Jereh Group attended the 10th China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE 2010), with the 500m² magnificent exhibiting booth and advanced products, Jereh became the star of the conference that attracted most visitors. By this conference, Jereh exhibited the mature and advanced Direct Fired Nitrogen Pumper, Fracturing Unit, Double Pump Cementing Truck, Hot Oil Unit, Multi-functional Mixing Truck and independently developed Control System with Jereh’s patent. These products were the state-of-the-art of oilfield equipments and highly praised by the visitors from the world.

·February 22, 2010,

Jereh Group was awarded the Title of "2009 Yantai Backbone Star Enterprise".

·February 05, 2010,

Common RMB stock of Yantai Jereh Oilfield Services Group Co., Ltd. was launched in Shenzhen Stock Exchange, the stock name is "Jereh Stock" and stock code is "002353".

·December 25, 2009,

Mr. Sun Weijie, the Board Chairman of Jereh Group, was awarded the title of "Laishan District Top Ten Outstanding Model" by the CPC Yantai Laishan District Party Committee and Yantai Laishan District Government. This was the first time for Laishan District to commend outstanding models who had achieved outstanding results and made significant contributions to the economic social development since its foundation in 1994.

·December 17, 2009,

Yantai Jereh Oilfield Services Group Co., Ltd. was awarded the honorary title of "Advanced Private Enterprise" by Shandong Provincial Government, a total of 11 enterprises obtained the honor in our city. These awarded private enterprises' growth rate of main economic indexes in 2008-2009, such as corporate total assets, owner's equity, operating income, total profits and paid taxes, was at leading positions in the their own industry within the province.

·December 05, 2009,

The CPC Yantai Laishan District Party Committee and Yantai Laishan District Government carried out the activities to learn from Jereh Group and Mr. Sun Weijie in local district. The District Party Committee and District Government called on all local enterprises to study Jereh's spirit of exploitation and innovation, Jereh's execution persistence of aiming for the best in the industry and Jereh's business philosophy of advocating core value as the competence of an enterprise. Meanwhile, it is stressed that Jereh's growth offers the good reference to boom the enterprise scale and enhance the capabilities of local industry.

·November 26, 2009,

Mr. Zhang Jiangting, Mayor of Yantai City, and Mr. Cai Guohua, Deputy Mayor of Yantai City, arrived at Jereh Industrial Park for inspection. Mayor Zhang Jiangting communicated with Mr. Sun Weijie, the Board Chairman of Jereh Group, on the research, development and manufacture of offshore petroleum equipment, and spoke highly of Jereh's practice of independent innovation on oilfield equipments by mastering core technology.

·September 24, 2009,

The United Front Work Department of CPC Shandong Provincial Party Committee held the Praising Conference in Jinan city to honor the Shandong outstanding builders who contribute to enhance the social progress with Chinese Characteristics. Mr. Sun Weijie, the Board Chairman of Jereh Group, was awarded the Medal of "Shandong Outstanding Builders", and received Honorary Certificates issued by the Conference.

·September 10, 2009,

Yantai Jereh Compression Equipment Co., Ltd. was incorporated, which is a high-tech enterprise engaged in research and development, manufacturing and sales of natural gas compression and transportation equipment, and assembly of centrifugal compressor.

·August 31, 2009,

The Allison transmission China distributorship authorization ceremony for Jereh was held in Yantai international exhibition center on August 31st. Since then Jereh Oilfield Services Group Co., Ltd has become the master distributor of Allison transmission in China.

·July 09, 2009,

A 18-member of research delegate of Economic Committee of the CPPCC, led by Mr. Zhang Zhigang, vice director of the committee visited Jereh.

·June 24, 2009,

Yantai Jereh Import & Export Co., Ltd. changed its name to Jereh Drilltech.

·June 10, 2009,

Mr. Sun Yongchun, Secretary of Yantai City, and Mr. Zhang Jiangting, Mayor of Yantai City, led the Book Club Observation Delegation composed of more than 200 members leading cadres to visit Jereh Industrial Park for inspection and guidance. Secretary Sun Yongchun, and Mayor Zhang Jiangting, spoke highly of the achievements gained by Jereh in the oilfield equipment and energy engineering services, at the same time expect Jereh to consolidate advantages, catch hold of opportunities, speed up the development, become bigger and stronger, and make greater contributions to the industry progress and local economy development.

·May 08, 2009,

Mr.Chen Zongxing, the vice chairman of China State Congress, visited Jereh. After having been reported by Mr. Sun Weijie, the board chairman of Jereh Group, on the history and current status of Jereh, Mr. Chen Zongxing highly approved the whole growing course of successfully participating in the domestic and oversea market for top level oilfield equipment by actively acquiring core techniques, innovation, learning from others.

·April 20, 2009,

Yantai Jereh Machinery Equipment Co., Ltd. was incorporated.

·April 15, 2009,

Yantai Ruizhi Software Co., Ltd. was incorporated and is engaged in development and sales of PC software, technical consulting, technology transfer and technical services.

·March 19-21, 2009,

Yantai Jereh Group participated in the Ninth China International Petroleum and Petro-Chemistry Technology and Equipment Exhibition held in Beijing. The number of participating personnel, the area of exhibition position, the exhibition table's design, and the exhibition planning had created Jereh's history. Jereh's six models products were displayed - Single Pump Cementing Truck, Twin Pump Cementing Truck, Instrument Van, Truck Mounted Sand Blender, Trailer Mounted Coiled Tubing Unit, and Truck Mounted Liquid Nitrogen Unit. Jereh aims at on high-quality products and high level corporate image display, did not only increased the overall level of the Petroleum Exhibition, but also improved Jereh's well-known in the industry.

·February 01, 2009,

Mr.Sun Weijie, the Board Chairman of Jereh Group, regained the Achievement Prize for Prospering the Economy of Laishan District. In 2008, Jereh Group paid 51.34 million yuan of state taxes and fees, which ranked the first in industry enterprises of Laishan District. The Prizes were awarded by Laishan Party Committee and Laishan Municipal Government to enterprises'legal representatives who made outstanding contributions to the economic development of Laishan District in 2008.

·January 20, 2009,

Yantai Jereh Group awarded cars to 16 excellent employees with outstanding performance. In future, Jereh Group will select no more than 20 excellent employees for car prizes every year, which shows Jereh's corporate culture of "to pay, to gain".

·December 05, 2008,

through the ratification and checkup by specialists of Shandong Province High and New Enterprises Cognizance and Administration Office, the financial affairs and taxes audit, and the national publicity and register procedures, Yantai Jereh Petroleum Equipment & Technologies Co., Ltd. was officially included in Shandong Province's first listing of publicly shown as the High and New Technology Enterprises and obtained the certificate.

·September 21, 2008,

Shandong Province Science and Technology Bureau hosted and held a Production Identification Conference for "auto acid-mix skids"and "auto control continuous batch-mixing skids", which were developed and completed by Yantai Jereh Petroleum Equipment & Technologies Co., Ltd. on its independent research and development. This Production Identification Conference was another gratifying result after Jereh's "offshore remote auto control sand control skids spread" passed the identification.

·August 25, 2008,

Jereh's Repairing service Base in Wushenqi, Inner Mongolia, had been completed formally and put into operation. The foundation of the base has greatly enhanced the feedback capability of Jereh's repair and technical services, and marks another new great improvement of Jereh's repairing and technical services business.

·August 25, 2008,

The first CRI Unit of China was developed and successfully completed in Yantai Jereh Oilfield Services Co., Ltd. on Aug 25th, 2008. Jereh is the first domestic OEM who can supply the whole CRI services as well as CRI Unit and Data Acquisition System.

·July 10, 2008,

Mr. Junmin Wang, Vice Governor of Shandong Province, arrived at Jereh industrial park to conduct inspection, accompanied by Mr. Dejun Hao, Deputy Mayor of Yantai and Mr. Dawei Duan, Secretariat of Party Committee in Lanshan District.

·June 05, 2008,

Model JR5232TSN and Model JR5233TSN cementing trucks built by Jereh passed the CCC Certification and obtained the certificates.

·May 18, 2008,

Science and Technology Office of Shandong Province called for the Products Appraisal Conference of the Shandong Province's scientific and technological project "FS1000-21 offshore remote auto control sand control skids spread", which was taken on by Yantai Jereh Petroleum Equipment & Technologies Co., Ltd. The approval evaluation of the project shows Jereh has achieved the good start for continuous researching and developing new products.

·April 28, 2008,

Yantai Municipal Government had called for the Honor Conference of City's Labor Models, and the Board Chairman Weijie Sun was awarded the "Labor Model".

·March 24, 2008,

newly designed Fracturing Manifold truck #JR5200TYG, manufactured by Jereh Petroleum Equipment & Technologies Co., Ltd., was approved by National Development and Reform Commission in public, and was formally published in the No. 162 bulletin (No. 22 of 2008).

·February 25, 2008,

Yantai Municipal CCP Committee and People's Government called for the municipal private economic conference to award the 100 top private companies, and Yantai Jereh was ranked the 27th in the list.

·January 22, 2008,

Yantai General Unions held the honor ceremony to praise the enterprises with harmonious labor relations, Yantai Jereh was awarded the"AAA-Class harmonious labor relations enterprise".

Eager to progress

(2006-2007)

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·December 07, 2007,

The students of China University of Petroleum who were awarded the "Jereh Scholarship" paid visit to Jereh facility lead by the Deputy Secretary of Petroleum Engineering Institute, which enhanced the students' understanding to Jereh and build good foundation for further cooperation of two parties.

·November 22, 2007,

Approved by the industrial and commercial bureau, Yantai Jereh Equipment Group Co., Ltd. was renamed by Yantai Jereh Oilfield Services Group Co., Ltd. officially, which engages in fabricating, assembling, marketing and repairing of cementing and fracturing equipments; the repairing, servicing and parts supply of oilfield, mine and industry special equipments.

·November 2007,

In the meeting of development of small and medium enterprises held by the People’s government of Shandong province, Jereh was awarded the title of "Shandong Outstanding Small and Medium Enterprise".

·October 2007,

Jereh opened the online training system to the staff. This platform consists of training and examination systems and covers every position and business procedure, from which the staff could select the suited courses according to their development strategies and current levels for self-study.

·September 19, 2007,

Yantai Jereh Equipment Group Co., Ltd. was approved as “2007 Key High-Tech Enterprise of the State” by the Science & Technology Ministry of China.

·August 17, 2007,

Jereh’s newly produced cementing truck #JR5231TSN was approved by National Development and Reform Commission in public and was formally published in its website on September 19, 2007.

·August 3, 2007,

Yantai Jereh was listed in “Shandong Growing Small & Medium Enterprises (the first lot)” and “Modes of Small and Medium Enterprises Informationization” by Small & Medium Enterprise Bureau of Shandong province.

·July 9, 2007,

Jereh had successfully commissioning the self designed and manufactured automatic acid mix skid, which enhanced Jereh’s abilities in automatic controlling and designing of acid mix skid.

· June 11, 2007,

Jereh’s #JR5230TSN17 cementing trucks obtained the CCC approved by China Quality Certification Centre.

·April 10, 2007,

Jereh was awarded the title of “2006 Top 100 Private Enterprises” by the Municipal CCP Committee and People’s Government of Yantai.

·April 3, 2007,

Jereh exhibited the self developed equipments in the 7th China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE), which had enhanced Jereh’s reputation among the industry.

·March 2007,

Jereh implemented the HSE management system to secure the employees’ safety, the social responsibility and company’s assets.

·February 2007,

Being paid 10 million Yuan RMB, Jereh was ranked the 9th amongst the enterprises in Laishan district.

·January 19, 2007,

Ereh obtained the qualification of vehicle manufacture and was listed as newly added enterprise by the National Development and Reform Commission. The first cementing truck #JR5230TSN17 was approved by the National Development and Reform Commission in public.

·February 2007,

Jereh set up the “Jereh Scholarship” at the China University of Petroleum to support the educational development of the university.

·October 16, 2006,

Yantai Jereh Equipment Group Co., Ltd passed the authentication of API Q1, ISO9000, ISO/TS29001, indicating an upgrade on company management.

·September 1, 2006,

Mr. Qin Haojie, the vice president of Yantai Jereh group, made a speech titled” enterprise’ leap in the construction of informatization ” on the meeting for the promotion of informatization held in Yantai network communication company.

·August 22, 2006

A group of municipal officials and district officials , leaded by deputy mayor Mr.Liu Xiaojie, come to Yantai Jereh for a visit.

·February 23, 2006,

On the meeting of year end summary and commending meeting for 2005 held by Laishan government, Yantai Jereh Group continue to enjoy the title of Laishan star enterprise, enterprise with grade A credit on tax paying. In addition, Yantai Jereh Group is granted the title of enterprise of safety production, etc.

Multiple developing

(2004-2005)

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Strategic cooperation

(2002-2004)

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Historic transition

(2000-2002)

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Initial business

(1993-2000)

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