Euro Tech Holdings Company Limited Reports Listing of Blue Sky's Shares on the New Third Board in China

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Oct 09, 2015, 10:04 ET

HONG KONG, Oct. 9, 2015 /PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported its 20% owned affiliate, Zhejiang Tianlan Environmental Protection Technology Co. Ltd., ("Blue Sky") has recently received approval from the National Equities Exchange and Quotations ("NEEQ") to list its shares on the New Third Board in the People's Republic of China ("PRC").

The New Third Board is a national over-the-counter market in the PRC regulated by China Securities Regulatory Commission, and managed by NEEQ, which serves as a platform for the sale of existing shares or directed share placements for small and medium-sized enterprises.

About Blue Sky

Zhejiang Tianlan Environmental Protection Technology Co. Ltd., ("Blue Sky"), founded in 2000, is a fast growing company which provides a comprehensive service for design, general contract, equipment manufacturing, installation, testing and operation management of the treatment of waste gases emitted from various boilers and industrial furnaces of power plants, steel works and chemical plants.

Certain statements in this news release regarding the Company's expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company's offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company's own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2014.

Website: http://www.euro-tech.com
Blue Sky's website: http://www.tianlan.cn

SOURCE Euro Tech Holdings Company Limited