HONG KONG, Dec 12, 2019 - (ACN Newswire) -  Honghua Group Ltd (Stock Code: 0196.HK, "Honghua" or "Honghua Group"), a leading global land drilling rig manufacturer, is honored to announce that the company was awarded IR Magazine's "Greater China 2019 -- Best Investor Event (small to mid-cap)" award on Dec 6, 2019.

IR Magazine gathers experienced analysts, portfolio managers and investor relations professionals, as well as IR Magazine's editorial team, to conduct all-round reviews of the strategy, planning and execution of IR activities of listed companies from Mainland China, Hong Kong and Taiwan. Honghua stood out among the nominees by continuously hosting high-quality investor events, which guaranteed effective communication with key stakeholders of the capital market. Other nominees of the "Greater China 2019 -- Best Investor Event (small to mid-cap)" award included Alibaba Pictures Group, China New Higher Education, China Resources Cement Holdings, Kerry Logistics Network, Sa Sa International Holdings and Sercomm Corporation.

Fiona Yu, IR Manager, Honghua Group, commented, "Over the years, Honghua has hosted a series of themed seminars and reverse roadshows to demonstrate Honghua's business and achievements to analysts and investors. These events have deepened capital markets' understanding of the oilfield service industry. Honghua's efforts received positive feedback from both international and Chinese institutions, including Morgan Stanley, Jefferies, CICC and Shenwan Hongyuan Securities, etc. With such acknowledgement, Honghua reaffirms the determination to uphold the standards of financial transparency and proactiveness when managing investor relations. Honghua is poised to relentlessly support the long-term sustainable development of the financial market."

Originally launched in 1988 by the Economist Group, IR Magazine is renowned for providing quality insight and a global perspective. IR Magazine helps investor relations professionals globally achieve more in their IR programmes, benchmark their efforts and connect to their peers in the IR community. In addition to reporting the latest developments, writing in-depth features, producing research reports, and broadcasting podcasts, IR Magazine also hosts events around the world. IR Magazine Awards are recognized as distinguished acknowledgement of listed companies and investor relations professionals.

About Honghua Group Ltd
Honghua Group Ltd (Stock Code: 0196.HK, "Honghua") is the main platform for energy equipment development of China Aerospace Science & Industry Corporation ("CASIC"). As one of the leading land drilling equipment manufacturers in the world and the largest land drilling rig exporter in the PRC, Honghua is primarily engaged in developing and manufacturing land drilling equipment (drilling rigs, parts and components as well as downhole tools, etc.), completion products (including fracture package), offshore drilling module and package as well as shale gas and oil exploration and development service. Leveraging strong R&D capability, high-quality production facilities and a mature international sales network, 80% of Honghua's products have been sold to a large number of famous enterprises all over the world, across major oil-production regions such as North America, the Middle East and emerging markets including South America, South Asia, Russia, Central Asia and Africa. In the future, Honghua will continue to focus on its key businesses while increasing the resource allocation to unconventional oil and gas business and the "energy + internet" field. Honghua aims at becoming a world leading oilfield service provider.

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