Duoyuan Global Water Announces Further Delay in Filing Annual Report on Form 20-F Pending Completion of Investigation

Duoyuan Global Water Inc.

announced that it will further delay the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2010 that was originally due on June 30, 2011. The Company has previously filed a Form 12b-25 notification of late filing with the United States Securities and Exchange Commission to extend the filing due date to July 15, 2011. As previously announced, the Special Investigation Committee of the Company's Board of Directors is conducting an independent investigation into certain accounting and financial reporting matters. The investigation continues to make progress and currently includes review of documents, interviews of key personnel and examination of financial records. The Company will delay the Form 20-F filing until such time as the investigation has been completed. Trading in the Company's ADR's on the New York Stock Exchange ("NYSE") was halted on April 20, 2011, and the Company is optimistic that trading will resume (although there can be no assurance that this will occur) once the Special Investigation has been completed and the Company has filed its Form 20-F for the fiscal year ended December 31, 2010 with the SEC. The Company has been in regular contact with the NYSE, and will remain in contact as the investigation proceeds.