The 8th meeting of the 5th Board of Directors of Kunlong Corporation was successfully held

On May 8, 2022, the 8th meeting of the 5th Board of Directors of Kunlong Petroleum Machinery Co., Ltd. (referred to as Kunlong Co., Ltd.) in Shouguang City, Shandong Province was successfully held, with Mr. Wu Faxiang, Chairman, presiding over the meeting.
The board meeting reviewed and passed the proposals on investing in the establishment of wholly-owned subsidiaries, investing in the construction of distributed photovoltaic power station projects, and investing in the research and development of intelligent Internet of Things (IOT) submersible screw pump oil extraction systems.
The board of directors and management of the company strictly follow relevant laws and regulations such as the Company Law and the Securities Law, as well as the provisions of the Company's Articles of Association. The company operates in a standardized manner and operates in compliance with regulations, ensuring the continuous and stable development of the company.