Recon Technology Retains The Equity Group to Provide Investor Relations Services

BEIJING, Dec. 21, 2016 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON), ("Recon" or the "Company"), a leading independent oilfield services provider operating primarily in China, today announced that it has retained The Equity Group Inc. of New York, NY to provide investor relations services.

Management Commentary

Mr. Shenping Yin, Chairman and CEO of Recon stated, "We believe that now is the right time in the development of our Company to enhance our outreach efforts to the capital markets.  We have continued to benefit from our technical advantages and reliable reputation in the oil industry, with a focus on providing services that can help our customers reduce costs throughout the oil processing cycle.  In addition, the Company has invested considerably in research and development activities that has Recon well positioned for the future.  We look forward to partnering with The Equity Group to communicate Recon's unique market position, strategy, track record, and financial outlook to a larger and more diverse group of investment professionals and media.  The Equity Group came highly recommended as a respected, experienced and results-driven investor relations firm.  We expect to implement an investor relations strategy that will enhance our communication with investors and the market."

About The Equity Group

The Equity Group Inc., which was founded in 1974, provides a full spectrum of investor and financial public relations service. For more information, please visit www.theequitygroup.com.

About Recon Technology, Ltd. (NASDAQ: RCON)

Recon Technology, Ltd. is China's first listed non-state owned oil and gas field service company on NASDAQ. Recon supplies China's largest oil exploration companies, Sinopec (NYSE: SNP) and CNPC, with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, RCON has taken leading positions on several segmented markets of the oil and gas filed service industry. RCON also has developed stable long-term cooperation relationship with its major clients, and its products and service are also well accepted by clients. For additional information please visit us at www.recon.cn.

Safe Harbor

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Company ContactLiu JiaRecon Technology, Ltd. +86 (10) 84945799[email protected]

Investor Relations The Equity Group Inc.In U.S.Adam Prior, Senior Vice President+1 (212) 836-9606[email protected]

In ChinaKatherine Yao, Senior Associate+86-10-6587-6435[email protected]

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SOURCE Recon Technology, Ltd.