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An Exclusive Agency Agreement was successfully signed between
YAS Oilfield Services and Shanxi Yuansheng Industrial Co. Ltd.

United Arab Emirates (January 6, 2015, Tuesday) - YAS Oilfield Services and Shanxi Yuansheng Industrial Co. Ltd. (SYI)
have signed an exclusive agency agreement today.  This agreement appoints YAS Oilfield Services as its exclusive agent in
United Arab Emirates for the Sales and Services of the following products:

· Ductile Iron Pipes
· Fittings
· Valves
· Flanged Adaptors
· Couplings
· Dismantling Joints & Accessories

About Shanxi Yuansheng Industrial Co. Ltd. (SYI)
Shanxi Yuansheng Industrial Co. Ltd. (SYI) was formed in 1999 at Shanxi, China (Mainland), while the Parent Company is
founded in 1988.  They have approximately over 1,700 employees within 7 manufacturing subsidiaries and have served the
society for over 20 years with best municipal, drainage and machinery products.  Their main markets are Western Europe, Middle
East, Africa, Southeast Asia and North America.  They incurred an annual sales volume of above 100 Million US Dollars.  SYI is
based in Shanxi and it has over 500,000 square meters of workshop, warehousing and production facilities.

Since the second half of the 20th century, SYI has been an OEM manufacturer of machined & un-machined castings and forgings
in a variety of industries.  In the recent years, SYI has manufactured over 1,000 products - everything from single flange to
customized street lamps.  SYI is continuing to refine its role as a technical expert, quality leader and fast reactor. 

SYI regards quality as an essential and integral part of their business success.  SYI is currently holding certifications such as
ISO9001:2008 TUV, BSI Kitemarked, SGS, WRAS, UL listed, FM, NF and CE.  This simply proves that SYI has the capacity to
assist the customer from initial design, engineering to first sample and production.

SYI Group has earned a total annual turnover of 60 Million USD for the year ending 2013.