China Valves Technology Receives Purchase Orders for Tibet Pangduo Hydro Project and South-to-North Water Diversion Project

ZHENGZHOU, China, June 14, 2011 /PRNewswire-Asia-FirstCall/ -- China Valves Technology, Inc. (NASDAQ: CVVT) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced that one of the Company's subsidiaries, China Valve Technology (Changsha) Valve Co., Ltd. ("Changsha Valve"), received purchase orders for the Tibet Pangduo Hydro Project (the "Pangduo Project") and South-to-North Water Diversion Project worth several million USD in total. The Company expects to deliver these orders in July 2012 and October 2011, respectively.

The Pangduo Project is the largest water control project under construction in the Tibet Autonomous Region, focusing mainly on irrigation and hydropower generation and costing an estimated RMB 4.69 billion. The construction of the Pangduo Project was launched on July 15, 2009, and is expected to be completed in 2016.

For the South-to-North Water Diversion Project, Changsha Valve expects to provide electronic or manual butterfly valves. The purpose of the South-to-North Water Diversion Project is to improve utilization of water resources in China.

"The Pangduo Project is our first move into the Tibetan market, which is a region with rich water resources, and we expect to continue exploring this large and developing market," said Jianbao Wang, Chief Executive Officer of China Valves. "In addition, the purchase order for the South-to-North Water Diversion Project represented our leading market position in China's hydro market."

About China Valves Technology, Inc.

China Valves Technology, Inc. through its subsidiaries, Zhengzhou City ZD Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., Tai Zhou Taide Valve Co., Ltd., Yangzhou Rock Valve Lock Technology Co., Ltd., China Valve Technology (Changsha) Valve Co., Ltd. and Shanghai Pudong Hanwei Valve Co., Ltd., is engaged in the development, manufacturing and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry, and its history can be traced back to 1959 when it was formed as a state-owned enterprise. The Company develops valve products through extensive research and development and owns a number of patents. It enjoys significant domestic market share and exports to Asia and Europe. For more information, visit http://www.cvalve.com

Safe Harbor Statements

Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to develop and market new products, the ability to access capital for expansion, the ability to acquire other companies, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, changes in relationships with customers, changes in principal product profits and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to update or revise to the public any forward-looking statements, whether as a result of new information, future events or otherwise. This press release was developed by China Valves, and is intended solely for informational purposes and is not to be construed as an offer or solicitation of an offer to buy or sell the Company's stock. This press release is based upon information available to the public, as well as other information from sources which management believes to be reliable, but it is not guaranteed by China Valves to be accurate, nor does China Valves purport it to be complete. Opinions expressed herein are those of management as of the date of publication and are subject to change without notice.

SOURCE China Valves Technology, Inc.

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