Euro Tech Holdings Company Limited Reports 2015 Year-End Results

HONG KONG, April 28, 2016

The Company's revenues for Fiscal 2015 were approximately $18,302,000, an approximate 2.8% decrease compared to approximately $18,822,000 in the Company's fiscal year ended December 31, 2014 ("Fiscal 2014").

The net loss increased to approximately US$616,000 in Fiscal 2015 from approximately US$123,000 in Fiscal 2014. This was primarily due to decrease in revenue from engineering activities because of keen competition under the current tough economic environment in PRC, research and development expenses of approximately US$851,000 for Ballast Water Treatment Systems ("BWTS"), and loss of Shanghai Euro Tech Environmental Engineering Company Ltd. ("Shanghai Environmental") of approximately US$558,000.

Mr. T.C. Leung, Chairman and CEO of the company commented, "In view of the economy slowdown in China, we have to take measures to trim our overheads and wind down loss making companies."

"On the other hand, we are positive about the BWTS business potential. Since no further clarifications requested from the China's Classification Society (CCS), we expect to obtain the CCS type approval certificates for 200, 500, 750, 1200 and 1250 cubic meters per hour BWTS soon. In the meantime, we are working on the development of a handheld portable Ballast Water checker for rapid Ballast water tests for the Maritime Industry."

About BWTS

BWTS are an imminent requirement by The International Maritime Organization ("IMO") to prevent the biological unbalance caused by the estimated 12 billion tons of ballast water transported across the seas by ocean-going vessels when their ballast water tanks are emptied or refilled. In 2012, ballast water discharge standard became a law in the US. Any vessel constructed in December 2013 or later will need to comply when entering US waters, and existing vessels will follow shortly after. IMO requires that the Ballast Water Management Convention will enter into force 12 months after ratification by 30 States, representing 35% of world merchant shipping tonnage. As of April 22, 2016, 50 countries had joined, representing 34.83% of world merchant shipping tonnage. The market potential for retrofits and new installations of BWTS in these old and new ocean-going vessels is enormous.