Lumena New Materials' PPS Product Earns Recognition from China Association of Environmental Protection Industry

Delivering Promising Outlook for PPS Business

HONG KONG, April 26, 2012 /PRNewswire-Asia/ -- China Lumena New Materials Corp. ("Lumena New Materials" or the "Company", together with its subsidiaries collectively known as "the Group", HKEx Stock Code: 67), is pleased to announce that the Company's major product PPS has earned recognition from the China Association of Environmental Protection Industry as an ideal material for filter bags.

The 2012 enlarged meeting of Filter Bag Committee of China Association of Environmental Protection Industry was held by the Company between 24 and 25 April 2012 in Chengdu, Sichuan. Mr. Wu Shan'gan, the secretary of the committee, pointed out that, "New Emission Standard of Air Pollutants for Coal Fired Power Plants, effective on 1 January 2012, stipulates that the discharge limit of particulates should be increased to 30 mg/m3. Therefore, the annual demand for PPS fibre is expected to reach over 20,000 tons based on three-year service life of filter bags." In addition, PM2.5 is included in the newly revised National Ambient Air Quality Standards. PPS fibre, with its excellent high-temperature and corrosion resistance, is used in filters and filter bags by thermal plants, cement plants, incinerators etc and widely recognized as a cost effective material, bringing a golden opportunity for the development of PPS industry.

At the meeting, many downstream processing enterprises, including Xiamen Savings Environmental Co.,Ltd., Nanjing Jihua 3521 Special Equipment Co., Ltd., Shanghai BG Industrial Fabric Co., Ltd., expressed their intent to strengthen the cooperation with the Company and expand the market, so as to promote PPS fibre business in China. Secretary Wu also said that, the Company could develop more kinds of PPS fibre to provide more options to filter companies while speeding up the expansion of production capacity to tackle the shortage of raw materials faced by PPS fibre processing enterprises. All the participants in the meeting, including committee members, industry experts and enterprise representatives also paid a visit to the PPS production base in Deyang and Shuangliu, Sichuan.

Chairman and Executive Director, Mr. Zhang Zhigang said, "The meeting demonstrated the association and peers' attention and support on the Group's PPS business, especially PPS fibre, which will lay a solid client base for the Group's expansion in PPS products. In the future, we will grasp opportunities brought by the state's support for environmental protection industry, continue to develop PPS business and expand our production capacity as planned, strengthening our competitive edges and leading position in the industry."

About China Lumena New Materials Corp.

As a leading new materials and chemical enterprise in China, Lumena New Materials is the world's largest PPS resin producer (note 1) and one of the world's leading thenardite producers (note 2). PPS is a special engineering thermoplastic widely used in electrical and electronic, automotive, rail transportation, environmental protection and emissions reduction, aeronautics and astronautics, and coatings applications, etc. It has been listed as one of the new materials to be developed and supported by the China's government in its 12th Five-Year Plan. The Company manufactures, develops and sells PPS resin, PPS compounds and PPS fibre. Equipped with the world's largest single line production facility, the Company produces numbers of high quality thenardite products such as powder thenardite, specialty thenardite and medical thenardite. It operates four captive underground glauberite mines and is the only approved and certified producer of medical thernadite in China.

Note:

1. In terms of production capacity as of 31 December, 2010, according to SRI Consulting, a research service firm
2. In terms of production capacity as of 31 December 2010, according to Behre Dolbear & Company (USA) Inc., an independent market research consultant

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