China Nuclear Science and Technology: Subsidiary applied for a grant of 8.85 million yuan for government support funds

Announcement on December 26, 2014, pursuant to the National Development and Reform Commission's "Circular on the Release of the Central Budgetary Investment Plan for the 2014 Energy Independent Innovation and Key Industry Rejuvenation and Technological Transformation (Energy Equipment) Project" (Development and Reform Investment [2014] 1913 And the Ministry of Finance’s “Circular on Submission of Capital Construction Investment Budget for 2014”, the LNG key valve casting industrialization project submitted by Hengdian Machinery, a subsidiary of the company, was included in the state-supported 2014 energy equipment budget investment plan. Hengdian Machinery, a subsidiary of the company, recently received a budget of 8.85 million yuan for investment in the above projects.

The company operates a variety of valves, complete varieties and specifications models, has a relatively complete product manufacturing process chain, especially the key processes such as casting, welding, testing, etc., mainly to undertake large-caliber, high pump-grade special valve project orders. The company has API specification certificate, ISO9001:2008 DNV international quality certification, European donor CE certification, and the United States ABS, France BV, Norway DNV, China CCS classification society valve manufacturing qualification certificate and the United States ASME N and NPT authorization certificate. This time, the company's subsidiary Hengdian Machinery's LNG key valve casting industrialization project will help Hengdian Machinery optimize its product structure, provide market demand for key valves for the project construction, and improve the company's core competitiveness. The acquisition of this fund will help further increase the internal rate of return of the project and increase the level of company performance.