On January 29, 2016, TSC Oil and Gas Services Holdings Ltd. (“TSC Oil & Gas Services”) successfully completed the documents acceptance for submission on the National Equities Exchange and Quotations system (“NEEQ”). According to the results from the relevant examination department, the documents provided conform to the requirements of the NEEQ File Contents and Format Guidelines (Trial) and have been finally approved.

TSC Oil & Gas Services, a specific business split by TSC Group Holdings Limited Company (HK00206), which is primarily focused on MRO (Maintenance, Repair and Operations) supplies and oil & gas equipment services, is expected to be officially listed in mainland China at the end of April or the beginning of May 2016. Over the next three months, further auditing will occur. The successfully listing of the company will not only provide a reliable financing channel and optimistic capital market environment for TSC, but will inject new power into China's oil & gas equipment services industry.