W O Supply

CHUN WO DEVELOPM.: Chun Wo Wins Three Railway Related Contracts Valued at ..

(Hong Kong – 1 August 2011) Chun Wo Development Holdings Limited (“Chun Wo” or “the Group”) (stock code: 711) announced that Chun Wo has recently won three contracts valued at HK$2,351 million for construction works of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL), Kwun Tong Line Extension and South Island Line (East) from the MTR Corporation Limited (“MTR”). These three mega-sized contracts raised Chun Wo’s total contract value on hand to HK$19.1 billion.

The Guangzhou-Shenzhen-Hong Kong Express Rail Link is a cross boundary transport infrastructure project, which will provide a high speed rail service between Hong Kong and Guangzhou, and a connection to the national high-speed passenger rail network serving major mainland cities outside of Guangdong province. The Kwun Tong Line Extension would enable residents in Ho Man Tin, Hung Hom and Whampoa area to have direct access to MTR service, saving time in interchanging from road transport to the railway network, while the South Island Line (East) is to connect the MTR network at Admiralty to the Southern District on Hong Kong Island.

This Express Rail Link Construction Contract is valued at approximately HK$1,170 million and the XRL project will be completed in 2015. The link within Hong Kong is approximately 26 km long running from West Kowloon to the boundary of Hong Kong. The scope of works comprises the manufacture, supply, delivery, installation, rail grinding, testing, commissioning and integrated tests for the trackwork, overhead line system and drainage system as well as related ancillary works. This project is to be undertaken by the Chun Wo-CRGL-QR Joint Venture, which is a collaboration between Chun Wo, China Railway Group Limited and QR Limited

The Kwun Tong Line Extension – Whampoa Station and overrun tunnel contract is valued at approximately HK$856 million. The works involved include the construction of a new underground station and overrun tunnel in the densely populated residential area of Whampoa. The works have

already commenced during May 2011 and are expected to take about four years to complete.

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Chun Wo Wins Three Railway Contracts Valued at HK$2,351 Million

1 August 2011 Page 2 of 2

The value of the South Island Line (East) construction contract is approximately HK$325 million and will take 19 months to complete. It includes land formation and piling works for the Wong Chuk Hang Depot Site, design and construction of a barging point, reconstruction and modification of existing roads, re-provisioning of existing facilities and construction of a temporary bus terminus. Both the Kwun Tong Line Extension and South Island Line (East) projects have already been undertaken by a joint venture partnership with Hip Hing Construction Company Limited.

W & O Supply Announces Leadership Changes

W&O Supply, a supplier of marine valves, pipe, fittings, engineered products and valve automation systems, announces a change in leadership. David Turner, currently the President and CEO of W&O Supply, has been promoted to the position of Director of Business Development for Pon Power, W&O Supply’s parent company, and Chairman of W&O Supply. In his new role, Turner will be tasked with growing the Pon division on a global basis during the next five years. Additionally, Turner will leverage marketing and growth opportunities in existing markets as well as execute against Pon Power’s global marine business growth goals. Turner’s new position requires his relocation to Holland where he will work out of the Pon Power headquarters in Almere, The Netherlands. In his role as Chairman of W&O Supply, Turner will ensure that both W&O Supply and newly acquired A-T controls maintain sufficient autonomy in pursuit of their aggressive growth strategies. Pon Power’s businesses include Pon Power Netherlands, Pon Power Scandinavia, Caterpillar, MaK Marine Engine and W&O Supply. Replacing David Turner as President and CEO of W&O Supply will be Jack Guidry, currently the company’s Vice President and National Sales Manager.

Free webinar w/Robyn O'Brien @ re: our nation's food supply! Reg here:

Free webinar w/Robyn O'Brien @ re: our nation's food supply! Reg here:

Free webinar w/Robyn O'Brien @ re: our nation's food supply! Reg here:

Free webinar w/Robyn O'Brien @ re: our nation's food supply! Reg here:

Free webinar w/Robyn O'Brien @ re: our nation's food supply! Reg here:

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