China Rongsheng Heavy Industries denies share placement

Hong Kong - 26 February 2013

The board of directors of China Rongsheng Heavy Industries Group Holdings Limited (the “Company”) noted there have been news articles reporting that Company is planning a private placement of new shares in the Company to one or a group of new investors to raise US$200 million.

The Company would like to inform shareholders and the public that the Company currently has no plans for the private placement of new shares in the Company to investors.

Shareholders of the Company and public investors are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board of
China Rongsheng Heavy Industries Group Holdings Limited
LEE Man Yee
Company Secretary

Rongsheng press release