Duoyuan Global Water Announces Decision to Appeal NYSE Decision to Delist

Duoyuan Global Water Inc. (NYSE: DGW) announced today that it has requested that a Committee of the Board of Directors of NYSE Regulation, Inc. review the decision by the Staff of NYSE Regulation to commence proceedings to delist the American Depositary Shares of Duoyuan Global Water Inc.-- ticker symbol DGW from the New York Stock Exchange.

The NYSE's decision was reached because the Company failed to file on a timely basis with the Securities and Exchange Commission its annual report on Form 20-F for the fiscal year ended December 31, 2010. Application to the Securities and Exchange Commission to delist the Securities is pending the completion of applicable procedures, including the appeal by the Company of the NYSE Regulation staff's determination. In the event that the appeal is successful and the Company otherwise meets the continuing listing standards of NYSE, trading of the Company's common stock on the NYSE would be reinstated, although no timetable has been established as to when the Committee of NYSE will be able to hear such an appeal.