Tri-Tech Holding Partners up with Chengdu Xingrong Investment Co. Ltd to Develop Indian Market

   Tri-Tech Holding Partners up with Chengdu Xingrong Investment Co. Ltd to
                            Develop Indian Market

PR Newswire

BEIJING, March 15, 2013

BEIJING, March 15, 2013 /PRNewswire-FirstCall/ -- Tri-Tech Holding Inc.
(Nasdaq: TRIT), which provides turn-key water resources management, water and
wastewater treatment, industrial safety and pollution control solutions,
announced today that it has established a joint venture partnership to further
develop Indian water infrastructure markets with Chengdu Xingrong Investment
Co. Ltd. ("CXI") and two of Tri-Tech's wholly-owned subsidiaries, Tri-Tech
(Beijing) Co. Ltd. ("TTB"), and Tri-Tech Infrastructure, LLC. ("TIS"), a
Delaware LLC.

(Logo: http://photos.prnewswire.com/prnh/20100603/CNTH016LOGO )

The Joint Venture parties will increase the registered capital of the existing
Tri-Tech India Private Ltd., a joint venture of TTB and TIS, to $1,000,000,
according to the following contribution and shareholding interest:

Shareholder  Capital Contribution  Shareholding Interest
CXI          $600,000              60%
TTB          $390,000              39%
TIS          $10,000               1%
Total        $1,000,000            100%

"The partnership aligns three great companies with much synergy in a land
offering exciting opportunities," Mr. Gavin Cheng, CEO of Tri-Tech Holding,
Inc. said, "To take our business to a new level in India, we need massive
capital backup and other resources. As a significant part of our overseas
strategy, we have established our brand in India and built a local team with a
great deal of experience in project execution. Joint venturing with CXI, a
Chinese public company gives us better access to capital from both China and
the US markets. We expect that these strengths and the quality of our
technological solutions will position this new JV in the top tier of firms in
India's water and wastewater infrastructures EPC (Engineering, Procurement and
Construction) space and enable us to pursue larger, more strategically
important projects, including EPC, PPP (Public-Private Partnership), BOT
(Build-Operate-Transfer) projects."

Given its advantages, the new Joint Venture will focus on business
development, project financing and operation management, while the existing
EPC team, Tri-Tech Infrastructures (India) Private, Ltd., will use its
approximately 70 local members to focus on EPC based project execution. With a
clearly defined interface, the two entities will expect to work seamlessly to
benefit all parties involved.

The new joint venture entity will soon start to bid on multiple projects of
water supply systems, sewage treatment plants, conveyance and pipelines and
other projects in India.

About Chengdu Xingrong Investment Co. Ltd

As a public traded company in China (SZ000598), Chengdu Xingrong Investment
Co. Ltd. (http://www.xrtz.cn/), is a leading service provider focusing on
comprehensive solutions protecting and improving city environment. With its
major focus in water and waste water treatment, Xingrong has been awarded to
operate water and waste water treatment facilities of a capacity close to 5
million ton per day in cities such as Chengdu, Xian, Lanzhou, Yinzhou,
Shenzhen, Hainan, and etc. With an outstanding performance and recognition in
water and waste water treatment, Xingrong marched into other environment
related sectors such as landfill leachate treatment, waste incineration power
generation and etc. Furthermore, Xingrong has been recognized with numerous
awards domestically since 2010.

About Tri-Tech Holding Inc.

Tri-Tech is an innovative provider of consulting, engineering, procurement,
construction and technical services. The Company supports government, state
owned entities and commercial clients by providing efficiency oriented
solutions focused on treatment of water and waste water, management of water
resources and water-efficient irrigation, as well as industrial emission and
safety controls. With software copyrights, product patents, and capable
employees in China, the U.S. and India, Tri-Tech's capabilities span the cycle
of innovation. Please visit www.tri-tech.cn for more information.

An online investor kit including a company profile, presentations, press
releases, current price quotes, stock charts and other valuable information
for investors is available at http://www.tri-tech.cn/ir. To subscribe to
future releases via e-mail alert, visit
http://www.tri-tech.cn/ir/info/request.

This press release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include references to the successful implementation of the Indian joint
venture and competition for projects related thereto referenced herein and
other statements concerning plans, objectives, goals, strategies, future
events such as project payments, results of marketing efforts or performance,
future government initiatives, expected actions by third parties and
underlying assumptions and other statements that are other than statements of
historical facts. These statements are subject to uncertainties and risks
including, but not limited to, product and service demand and acceptance,
changes in technology, economic conditions, the impact of competition and
pricing, government regulation, and other risks contained in reports filed by
the company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether made by or on
behalf of the company, are expressly qualified by the cautionary statements
and any other cautionary statements which may accompany the forward-looking
statements. In addition, the company disclaims any obligation to update any
forward-looking statements to reflect events or circumstances after the date
hereof.

For more information, please contact:

Tri-Tech Holding Inc.
www.tri-tech.cn

IR Department
+86 10 57323666
ir@tri-tech.cn

SOURCE Tri-Tech Holding Inc.

Website: http://www.Tri-Tech.cn
 
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