China Zhongwang Awarded “The Best Business Mode 2009”

Staged at Gehua New Century Hotel Beijing, the Best Business Model 2009 Forum unveiled on 21 November 2009. Marking its fifth edition this year, over 300 renowned entrepreneurs, business analysts, representatives from risk investment companies and media worldwide gathered together to witness the award winning moment of China Zhongwang Holdings Limited as the winner of the Best Business Model.

Chairman of Business Forum and Chairman and Chief Editor of Biz Media Group Limited, Mr. Liu Qihui presented the trophy and certificate to Mr. Lu Changqing, Executive Director and Vice President of China Zhongwang Holdings Limited. Mr. Lu delivered an keynote speech during the forum thereafter, “China Zhongwang is the leading supplier of industrial aluminum extrusion products worldwide, with a particular focus on the weight-reducing development in the transportation sector. China Zhongwang was successfully listed on the Hong Kong Stock Exchange on 8 May this year. Following the financial crisis, it used to be the largest IPO globally for the first half of this year and raised nearly HKD10 billion. Different from the construction aluminum extrusion products, industrial aluminum extrusion products are high value-added products which are widely applied in railway, metropolitan railway, automobile, shipping, aircraft and space equipments. Despite the challenging operating environment in the past two years, we have achieved a significant growth in our profit performance. Net profit for the year end of 2008 amounted for RMB1.91 billion, representing an increase of 125% as compared to the same period of last year. For the first half of this year, our net profit amounted to RMB1.62 billion, representing an increase of 72% as compared to the same period of last year. This incredible growth is a merit of the strategy of the company’s development and the structural adjustment in product development. Also, the success of the company was granted from the courage to overcome different business difficulties, to do what is desirable and to capture the favorable position in the market.

In the first half of this year, revenue generated from our industrial extrusion products focusing on the transportation sector accounted for 90% of the total. Through six years of concerted effort, the Company’s product mix has been successfully transformed. Leveraging on our leading position, we will make every effort to support the weight-reducing development of the transportation industry in China and around the world”

The business model of China Zhongwang was highly accredited by the election panel. It used to be the largest IPO of the year, thus making its Chairman to be one of the richest in China. Already a market leader in the construction extrusion product industry, China Zhongwang made up its mind striding into the industrial extrusion products industry with both high risks and investments. With its deep insights towards the industry, the Company strives its way. The Company makes huge investments at the initial stage and reaps a huge harvest at the growing stage of the industry. While stepping into the mature stage, China Zhongwang will be the one who lead the way.

Hosted by Mr. Zhang Wenkui, Deputy Director of the Enterprise Research Institute under the Development Research Center of the State Council and facilitated by the management from the recent Best Business Model winning enterprises including Mr. Lu Changqing, Executive Director and Vice President of China Zhongwang Holdings Limited, Mr. Huang Ming, Chairman of Himin Solar Energy and Mr. Sun Weimin, President of Suning Appliance, together with Dr. Scott Liu, Dean of School of Management at New York Institute of Technology and Dr. Teng Binsheng, Associate Dean of Cheung Kong Graduate School of Business, the Best Business Model Forum acted as a platform for sharing the innovative thinking and experience of the enterprises through the financial crisis. “Stamina is a key to success of an enterprise.” Mr. Lu said. This impressive keynote message received a big round of applause and lead the event reached its climax

The top ten winners of the award included other renowned enterprises such as China Ping An Insurance, Founder Group and Shanda Games etc .The awardees of the annual Best Business Model Award were selected by Biz Media, together with China’s most outstanding business schools, risk investment companies and consultancies etc. The election panel will evaluate each nominated enterprises through case studies, thus choosing the most innovative business model in China of the year. The event is also known as the China Excellent Enterprises Methodology Grand Gala of the Year. This year marked the fifth edition of the award, previous winners included Vantone and Teda（2005）、Focus Media（2006）、Himin Solar Energy（2007）and Suning Appliance（2008）

Issued by China Zhongwang Holdings Limited. For further information, please contact:

Mr. Cao jiwei Tel:（8610）51282868-995 Email: caojiwei@zhongwang.com

Ms. Li Beibei Tel:（8610）51282868-971 Email: libeibei@zhongwang.com

Mr. Hu Xiaoyu Tel:（8610）51282868-918 Email: huxiaoyu@zhongwang.com