Recon Awarded RMB3.97 Million New Contract to Provide High Efficiency Heating Furnaces Equipment for Leading China Oil and Gas Company

BEIJING, Dec. 8, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ:RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced that a mainland China variable interest entity's subsidiary, Huang Hua BHD Petroleum Equipment Manufacturing Co. Ltd. ("HH BHD") was awarded a RMB3.97 million ($0.57 million) contract to provide high efficiency heating furnaces equipment for a leading China oil and gas company. In total, HH BHD has generated RMB6.68 million ($0.96 million) in revenue from awarded bids and contracts in the past fiscal quarters.