THT Heat Transfer (THTI) CFO Jianjun He Resigns; Interim CFO Appointed

THT Heat Transfer Technology, Inc. (Nasdaq: THTI) announced that Mr. Jianjun He, Chief Financial Officer ("CFO"), has resigned from the Company to pursue other interests. The Company's Board of Directors (the "Board") has appointed Mr. Zhigang Xu, the Company's Deputy Financial Director as interim CFO with immediate effect. Mr. He's departure does not result from any disagreement with the Company on any matter regarding its operation, policies (including accounting or financial policies) or practices. Mr. He will continue to advise the Company as an outside consultant.

Mr. Xu has held various positions in the Company's subsidiaries Siping City Juyuan Hanyang Plate Heat Exchanger Co. Ltd. ("Siping Juyuan") and Beijing Juyuan Hanyang Heat Exchange Equipment Co., Ltd. ("Beijing Juyuan") since 2000, including Financial Director of Beijing Juyuan. From 1993 to 1999, Mr. Xu worked as an accountant at Siping Jiuyuan Heat Exchange Equipment Co., Ltd. Mr. Xu obtained a Bachelor's Degree in Accounting in 1995 from Jilin Industry University.

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