Kingdream PLC

Sinopec Oilfield Equipment Corp (F/k/a Kingdream) is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list. (http://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB%20Iran%20Divestment%20List%203-31-19.pdf)

"Kingdream states that it holds patents for drill bits in Iran, as well as the United States and Russia.... The company has supplied the National Iranian Oil Company (NIOC) wiht drill bits for its extraction activities.... In the United States, Kingdream lists Oklahoma-based HIJET Bit, Inc. as its American distributor." (Mark Dubowitz and Laura Grossman, "Iran's Chinese Energy Partners," September 2010, p. 27) (http://www.iranenergyproject.org/documents/1670.pdf)

Sinopec Oilfield Equipment Corp (F/k/a Kingdream) is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list. (http://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB%20Iran%20Divestment%20List%206-30-19.pdf)

In 2018 and 2019 Tennessee used the New York list of “Entities determined to be non-responsive bidders/offerers pursuant to the New York State Iran Divestment Act of 2012.” Kingdream was included on this list in 2018 and 2019. Tennessee states "Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list." (https://www.tn.gov/content/dam/tn/generalservices/documents/cpo/other/List_of_persons_pursuant_to_Tenn._Code_Ann._12-12-106_Iran_Divestment_Act_updated_with%20NY09.26.18.docx) (https://www.tn.gov/content/dam/tn/generalservices/documents/cpo/other/List_of_persons_pursuant_to_Tenn._Code_Ann._12-12-106_Iran_Divestment_Act_updated_with%20NY09.20.19.pdf)

On June 30, 2019, New Jersey listed Kingdream on its state list of entities determined, based on credible information, to be engaged in prohibited activities in Iran. (https://www.state.nj.us/treasury/purchase/pdf/Chapter25List.pdf)

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> In January 2021, the State of New Jersey Department of the Treasury listed Kingdream as a company engaged in prohibited activities in Iran pursuant to P.L. 2012, c. 25 ("Chapter 25").  (https://www.nj.gov/treasury/purchase/pdf/Chapter25List.pdf)

In 2017 the U.S. state of Mississippi listed Kingdream on its Iran prohibited companies list rendering Kingdream ineligible for investment and/or state contracting. (http://www.dfa.ms.gov/media/4100/companies-posted.pdf)

In 2020, the U.S. state of Mississippi listed Kingdream on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting. (https://www.dfa.ms.gov/media/sd1ccddh/businesses-doing-business-with-iran-12-4.docx)

In 2018 the U.S. states of New Jersey and New York listed Kingdream on its list of entities determined to be engaged in prohibited activities in Iran rendering Kingdream ineligible for investment and/or state contracting.

"Kingdream Public Limited Company (Kingdream) is a Chinese Class-I high-tech enterprise specializing in oil bits. With 3,500 employees, Kingdream is the largest oil bit manufacturer in Asia. The company stresses innovation in the design of its products and has so far received 110 Chinese patents, as well as 11 patents in other countries, including the USA, Russia and Iran. Kingdream has also developed 115 proprietary technologies." (https://www.plm.automation.siemens.com/en/about_us/success/case_study.cfm?Component=147947&ComponentTemplate=1481 /)

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On October 14, 2020, Kingdream remained on the Tennesse Department of General Services list of persons it determines engage in investment activities in Iran, as described in 12-12-105. (https://www.tn.gov/content/dam/tn/generalservices/documents/cpo/cpo-library/List_of_persons_pursuant_to_Tenn._Code_Ann._12-12-106_Iran_Divestment_Act_updated_with%20NY10.14.20.pdf)