The 2010 annual general meeting ("AGM") of China Zhongwang Holdings Limited (“China Zhongwang” or the “Company”, together with its subsidiaries the “Group”, stock code: 01333) unveiled at the Group's headquarters in Liaoyang City of Liaoning Province at 10:00 a.m. on 12 May 2011.  On the meeting agenda were discussions of the financial report for fiscal year 2010, dividend distribution and re-election of directors, amongst others. All meeting resolutions were passed with strong support of over 97% from participating shareholders or their proxies.

Being the 2nd AGM since its listing, China Zhongwang’s AGM this year was attended by Mr. LIU Zhongtian, Chairman and President, Mr. LU Changqing and Mr. Chen Yan, Executive Directors and Vice Presidents, Mr. Cheung Lap Kei, Chief Financial Officer and senior executives of the Group, as well as professional parties including representatives from the Group"s legal counsel Morrison & Foerster LLP, the auditor Deloitte Touche Tohmatsu, and the share registry Computershare Hong Kong Investor Services Limited.  A number of shareholders who have rendered China Zhongwang their long-term support made special trips to Liaoyang City for the AGM to meet with Chairman LIU and the senior management in order to have a deeper understanding of the latest development trends of the aluminium extrusion product market, the Group's capacity expansion plan as well as the development progress of the aluminium deep processing and related businesses. Chairman LIU and Mr. LU Changqing shared with shareholders the Group's expansion roadmap - 18 sets of large-scale extrusion presses of 75MN and above, including three sets 125MN oil-driven dual action extrusion presses which are currently the largest in the world, will be added in the next two years. Upon completion of equipment installation, the Group will be world's leading developer and manufacturer of industrial aluminium extrusion products owning the most number of large-section industrial extrusion presses. Meanwhile, the Group is actively developing deep processing technologies for industrial aluminium extrusion products in a bid to diversify its product portfolio.  Certain processed aluminum products have been launched to the market.  These new products and technologies will strengthen the Group’s competitiveness and profitability in the long run.

Having undergone in-depth market research on the prospects of the high-end high value-added aluminium flat rolled product business for nearly a year, the Group has made a big stride in the development of this new business.It is in the final stage of locating a suitable site forthis business.

After the AGM, Chairman LIU led shareholders and other particiapting parties on a tour to the Group’s key production processes including the tilt smelting and casting production facility, the die design centre and the world’s largest 125MN oil-driven dual action extrusion press, the newly established deep processing production line, as well as the under-construction railway carriage production plant. Visit was also made to the showroom exhibiting a full range of products which enabled shareholders to get to know the increasing applications of Zhongwang’s products in the transportation, machinery equoipment and electric power engineeringl sectors.  Participating shareholders highly commended Zhongwang’s modernized production facilities, excellent management system and its energetic and vibrant team of staff. Participating shareholders unanimously held a positive view towards Zhongwang’s long-term development and supported Zhongwang’s adhering to its set business strategies despite the temporary obstacles the Company has met in overseas markets due to regional policy change.  Zhongwang will continue to focus on high-end and high value added industrial aluminum products as always and reward shareholders with solid results for their continued support.