China: RSHI Denies Private Placement

Rongsheng Denies Reports about Private Placement of New Shares

The board of directors of China Rongsheng Heavy Industries Group Holdings Limited denies recent 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.

[mappress]
RSHI, February 26, 2013

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