EQS-News / 17/11/2016 / 18:32 UTC+8

For Immediate Release

China Zhongwang Named a Winner of
"Listed Enterprises of the Year 2016" by
Bloomberg Businessweek/Chinese Edition

(Hong Kong, 17 November 2016) - China Zhongwang Holdings Limited ("China Zhongwang" or the "Company", together with its subsidiaries, the "Group", stock code: 01333), a world's leading fabricated aluminum product developer and manufacturer, is pleased to announce that the Group has been awarded a winner of the "Listed Enterprises of the Year 2016" by Bloomberg Businessweek/Chinese Edition. China Zhongwang is the only aluminum fabrication enterprise to receive this award.

China Zhongwang focuses on the development of three synergized core businesses including industrial aluminum extrusion, deep processing and aluminum flat rolling. The three businesses share upstream and downstream resources and have complementary advantages. During the past year, the Group seized the opportunities brought by the industry transformation and upgrade and achieved remarkable progress in a number of projects. The Tianjin aluminum flat rolling project will soon commence commercial production, adding momentum to the Group's long-term development.

By implementing strategies of optimizing product mix and upgrading production capacity, China Zhongwang will continue to enhance the overall value to consolidate its market leadership. The award is a remarkable recognition by an authoritative publication and the judging panel on the Company's competition strengths, business strategy and sustainable development.

The inaugural "Listed Enterprises of the Year" by Bloomberg Businessweek/Chinese Edition aims to encourage listed companies to make greater contributions to the stability and prosperity of the economy of Hong Kong. Award winners are selected by business leaders and the Hong Kong editorial team of the magazine, in respect of company performance, corporate governance, investor relations, development strategy, corporate social responsibility, leadership, profitability, return on equity, innovations and risk management, etc.

China Zhongwang is one of the winners of "Listed Enterprises of the Year 2016"award by the Bloomberg Businessweek/Chinese Edition.

China Zhongwang is awarded the "Listed Enterprises of the Year 2016" trophy.

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About Bloomberg Businessweek/Chinese Edition
The Bloomberg Businessweek/Chinese Edition is an influential financial magazine in the region. Authorized by Bloomberg LP in New York, the traditional Chinese edition of the Bloomberg Businessweek is published by Modern Media Co., Ltd. and owns the copyright in the Greater China Region. Comprising of an elite editorial team in finance, culture and art arena across the strait, the Bloomberg Businessweek/Chinese Edition has put its focus on carrying out business reform and is committed to improving the Hong Kong economy. Both simplified and traditional Chinese editions of this industry renowned magazine have a total audited circulation of more than 400,000 copies per issue across the straits.

About China Zhongwang Holdings Limited
China Zhongwang is the second largest industrial aluminum extrusion products developer and manufacturer in the world and the largest in Asia. It has, over the years, been focusing on the light-weight development of transportation, machinery and equipment and electric power engineering sectors through the provision of quality industrial aluminum extrusion products. It now has over 90 internationally advanced aluminum extrusion production lines, including 21 production lines of large-scale aluminum extrusion presses of 75MN or above. The Group's unique core competitiveness in the industry lies in its comprehensive strength of four-in-one model, i.e. the integration of smelting and casting, die design, advanced equipment and R&D capability all under one roof.

In addition, to further leverage its existing strengths in the industry, the Group is developing the high value-added aluminum flat-rolled product project. The planned annual production capacity of the two production lines under construction reaches 1.8 million tonnes. Upon completion, the project will become the world's largest top-notch aluminum flat rolling production base with state-of-the-art equipment. This new business venture will not only enable the Group to further capitalize on its leading edge in aluminum alloy smelting and casting and product R&D, but also achieve synergistic development with its existing industrial aluminum extrusion and deep processing businesses by taking full advantage of shared resources.

For further information on the Group, please visit www.zhongwang.com.

17/11/2016 Dissemination of a Press Release, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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