China Valves Technology Receives Purchase Orders from China Guangdong Nuclear Power Group and Shanghai Electric

ZHENGZHOU, China, June 20, 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, Henan Kaifeng High Pressure Valve Co., Ltd. ("Kaifeng Valve"), received two purchase orders from China Guangdong Nuclear Power Group ("CGNPG") for gate valves, check valves and globe valves worth $2.0 million in total.

State-owned CGNPG is one of China's two leading companies engaged in nuclear power development and operations. The nuclear forged steel valves covered by the first purchase order will be used for CGNPG's projects at the Hongyanhe nuclear power station in Liaoning province and Ningde nuclear power station in Fujian province. Kaifeng Valve expects to deliver the products for the first purchase order in batches until 2012.

China Valves signed the contract for the second purchase order with its partner Shanghai Electric, the contractor of CGNPG. The valves under this contract are intended for CGNPG's Yangjiang nuclear power station in Guangdong province'. Kaifeng Valve expects to deliver these products in August 2011.

"These two orders reflect our strong strategic partnership with CGNPG and Shanghai Electric," said Jianbao Wang, Chief Executive Officer of China Valves. "While China is still in the process of testing its nuclear plants under construction and emphasizing heightened safety requirements following the nuclear disaster in Japan earlier this year, China's voracious appetite for energy indicates that nuclear power is still likely to be an important part of China's energy solution in the future."

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, manufacture 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 numerous of patents. It enjoys a large domestic market share and also exports to Asia and Europe. For more information, please visit http://www.cvalve.com

Safe Harbor Statement

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 . 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, except as required by law. This news 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 news release is based upon information available to the public, as well as other information from sources that 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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