<p>Petro-king Oilfield Services Ltd. has entered into agreements for the acquisition of new oil extraction equipment and the disposal of existing equipment. The new equipment, a LGGT 148-80-78 型滾筒橇 unit, will be acquired for RMB1,180,000 (approximately HK$1,312,000). The acquisition and disposal are part of the company’s ongoing efforts to upgrade its operational capabilities in oilfield and gas field technology services. Further details about the transaction and related agreements will be provided to shareholders in a circular expected to be distributed on or before 13 February 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petro-king Oilfield Services Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260119-11995036), on January 19, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)</p>

Petro-king Oilfield Services Announces Acquisition of New Oil Extraction Equipment and Disposal of Existing Equipment