China Rongsheng : Heavy Industries Wins Quamnet "Outstanding Heavy Industries Enterprise 2011¨ Award

[Press Release] CHINA RONGSHENG HEAVY INDUSTRIES WINS QUAMNET "OUTSTANDING HEAVY INDUSTRIES ENTERPRISE 2011" AWARD

(8 January 2012, Hong Kong ) China Rongsheng Heavy Industries Group Holdings Limited ("C hina Rongsheng Heavy Industries" or the "Group" ; stock code: 01101.HK), a large heavy industries group in Chi na, has announced that it has been honoured as the "Outstanding Heavy Industries E nterprise 2011" by Quamnet.com, Hong Kong's most i nfluential i nvestor -focused financial website owned by Quam Limited. The prestigious recognition acknowledges the Group's outstanding performance in 2011, and demonstrates the capability of the Group to achieve conti nuous steady growth.
The Quamnet Outstanding Enterprise Awards is now in its third year. The objective of the Awards is to acknowledge the outstandi ng performance of leading enterprises within different industries duri ng the past year. It also provides an excellent opportunity for the public and investors to become aware of the efforts and achievements of the winning enterprises, which will in turn, enhance the wi nners' corporate image and goodwill.
China Rongsheng Heavy Industries has managed to secure a series of new shipbuildi ng orders despite the unfavorable shipbuilding market conditions in
2011. Such substantial orders clearly show that the Group can achieve conti nuous steady growth. To cope with market fluctuations, the Group has adjusted its marketing strategy, leveraging the competitiveness of its successful products. It not only has retained its leading position within the Chinese shipbuildi ng industry, but also expanded its influence i n the global market.
After signi ng the newbuildi ng contracts for 10 +10 S uezmax duri ng December last year, Chi na Rongsheng Heavy Industries has received new orders for more than 40 vessels, with a total contract value exceedi ng US D 2 billion, in
2011. This volume is a significant achievement in a depressed global shipbuildi ng market. To spur further fruitful development, the Group is i njecting

China Rongs heng Heavy Industries Group Hol dings Limited

8 January 2012 / Page 2

more resources into R&D projects and developing more high-value added vessel types, so as to capture the opportunities provided under the direction of Twelfth Five -Year P lan of Chi na.

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About China Rongsheng Heavy Industries Group Holdings Limited

Established in 2005, China Rongsheng Heavy Industries Group Holdings Limited has been developed as a leading diversified large heavy industries group in China. The Group is headquartered in both Shanghai and Hong Kong. Currently, China Rongsheng Heavy Industries spans four business segments: shipbuilding, offshore engineering, marine engine building and engineering machinery. Products include dry bulk carriers, crude oil tankers, containerships, offshore engineering products, low-speed marine diesel engines and small- to mid-size excavators for construction and mining. According to Clarkson Research, China Rongsheng Heavy Industries was the second largest shipbuilder and the largest privately-owned shipbuilder in the PRC in terms of total order book measured by DWT as at August 2011. The Group operates the largest shipyard in the PRC. It is also a global leader in manufacture of very large ore carrier (VLOC) of 380,000 DWT class.

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