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

BEIJING July 20, 2011 China December 31, 2010 June 30, 2011 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.

April 20, 2011 December 31, 2010

About Duoyuan Global Water Inc.

China www.duoyuan-hq.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. These forward-looking statements may include, but are not limited to, statements containing words such as "may," "could," "would," "plan," "anticipate," "believe," "estimate," "predict," "potential," "expects," "intends" and "future" or similar expressions. These forward-looking statements speak only as of the date of this press release and are subject to change at any time. These forward-looking statements are based upon management’s current expectations and are subject to a number of risks, uncertainties and contingencies, many of which are beyond the Company’s control that may cause actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company’s actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including those described under the heading "Item 3. Key Information — Risk Factors" in the Company’s Annual Report on Form 20-F for the year ended December 31, 2009 filed with the Securities and Exchange Commission on June 18, 2010, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

U.S. IR Hotline:

+1 (646) 417-5395

SOURCE Duoyuan Global Water Inc.

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