China Rongsheng Heavy Industries Delivers First Containership

12 December 2012, Hong Kong

China Rongsheng Heavy Industries Group Holdings Limited (“China Rongsheng Heavy Industries” or the “Group”; stock code: 01101.HK) is pleased to announce the delivery of their first 6,500-TEU containership. The vessel, also known as the first Rongsheng-built containership, was well received by a German shipowner yesterday. It measures 299.95 meters in length, 40 meters in breadth and 24.2 meters in depth. This latest delivery not only demonstrates a breakthrough of manufacturing capability of China Rongsheng Heavy Industries, but also marked their comprehensive strengths in research and development (“R&D”) and product diversity.

Business upgrade and R&D capability are always the development keys of shipbuilding industry. In facing ongoing challenges in the shipbuilding industry, China Rongsheng Heavy Industries keeps proactively adjusting their marketing strategy and design. On top of the success in offshore engineering, dry bulker and tanker market, we also target high-value-added containership with green design as one of our key products.

The Group has already developed several containership designs with capacity variance of 4,250-TEU, 5,100-TEU and 7,000-TEU. We believe the efforts in improving product diversity and design flexibility would definitely help the Group to cope with market uncertainties and to persistently implement strategic transformation in the coming future.

Rongsheng press release