Date: 2013-07-31

China Valves Passes Key Test for Localization of Valves Used in Ultra-Supercritical Thermal Power Plants

China Valves Technology, Inc. (NASDAQ: CVVT) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced that its prototype valves for the localization of valves used in ultra-supercritical thermal power plants passed the acceptance inspection conducted by experts from the Bureau of National Energy of China, China General Machinery Association, the Shanghai Electric Group, Dongfang Electric Group and relevant power plants. The valves were manufactured by the Company's subsidiary Henan Kaifeng High Pressure Valve Co., Ltd. ("Kaifeng Valve").

As disclosed previously, Kaifeng Valve had been approved by the State Council as one of key providers for the localization of high-performance valves for thermal power plants. Currently, there are 11 research projects for valves to be manufactured by local companies for ultra-supercritical thermal power plants, out of which Kaifeng Valve has undertaken seven.

After the inspection and test, the experts concluded that the main steam gate valve filled the domestic industry gaps and led the international industry, the turbine vacuum butterfly valve led the domestic industry and reached the advanced level globally, and the electric three-way valve for high pressure heater, hydraulic inlet three-way valve, hydraulic outlet three-way valve, high pressure discharge check valve, and one-piece extraction check valve led the domestic industry and also were very competitive globally.

"We are pleased by this national-level validation of our efforts to introduce localized high-end valves that measure up to the highest international standards," said Jianbao Wang, Chief Executive Officer of China Valves. "According to the China Electricity Council, China's installed power generation base will rise from 966 Gigawatts in 2010, to 1,437 GW in 2015. Given our leadership position in the industry, China Valves hopes to play a growing role in supplying mission-critical equipment to support this expansion."

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