Duoyuan Global Water Inc. Confirms Ongoing Engagement of Grant Thornton International

BEIJING, Dec. 27, 2010 /PRNewswire-Asia-FirstCall/ -- Duoyuan Global Water Inc. (NYSE: DGW) ("Duoyuan" or the "Company"), a leading China-based domestic water treatment equipment supplier, today filed a Form 6-K confirming that it will retain the China member firm of Grant Thornton International ("GT China") as its independent registered public accounting firm.  The Form 6-K reports the resignation of JBPB & Co. (formerly Grant Thornton ("GT Hong Kong")) as a result of its merger with BDO Limited.

GT Hong Kong had been engaged by the Company for its financial statements for the fiscal years ended December 31, 2008 and December 31, 2009.  During these fiscal years and the subsequent interim periods, GT Hong Kong's reports did not contain an adverse opinion or disclaimer of opinion, were not modified or qualified and contained no disagreements on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.

In accordance with the recommendation of the Audit Committee of the Board of Directors and as ratified and approved by the Board of Directors, the Company has engaged GT China as its independent registered public accounting firm moving forward as of December 24, 2010.  

About Duoyuan Global Water Inc.

Duoyuan Global Water Inc. is a leading China-based domestic water treatment equipment supplier.  Duoyuan's product offerings address key steps in the water treatment process, such as filtration, water softening, water-sediment separation, aeration, disinfection and reverse osmosis.  Duoyuan offers a comprehensive set of complementary products across three product categories: water conservation, including circulating water treatment; water purification; and water reuse treatment, including wastewater treatment. The Company has an extensive local distribution network, which provides proximity to end-user customers and responsiveness to local market demand.  Learn more at www.duoyuan-hq.com.

SOURCE Duoyuan Global Water Inc.