Dalip Holdings (01921) officially becomes Saudi Aramco's qualified supplier

Zhitong Finance App News, Dalip Holdings (01921) issued an announcement. Recently, it was learned that the Group's products have completed the trial order issued by Saudi Aramco (Saudi Aramco), have successfully passed all trial index tests, and are undergoing Saudi Aramco's internal supplier qualification process. At that time, the Group officially became its qualified supplier.

The Board believes that officially becoming Saudi Aramco's qualified supplier has significant and far-reaching strategic value for the Group:

1. The successful completion of its full certification and trial order has created conditions for the two parties to establish a long-term business partnership, which will directly drive the Group's sales growth and market share increase in the Middle East region.

2. The successful completion of its full certification and trial order is Saudi Aramco's full recognition of the Group's R&D capabilities, manufacturing level, quality system and delivery reliability, and has laid the foundation for the Group's products to continuously and steadily enter core energy markets in Saudi Arabia and other Middle East regions.

3. It successfully passed its full certification and completed the trial order, and is in high collaboration with the Group's strategy to build a production base in Dammam, Saudi Arabia. In the future, “localized production and localized supply” can be achieved, greatly improving supply chain efficiency, reducing operating costs, and strengthening the ability to respond quickly to customer needs, making the Group's comprehensive competitive advantage within the region more prominent.

The Group will actively follow up on subsequent commercial negotiations with Saudi Aramco, strictly abide by listing rules, and disclose significant developments in due course.