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      Tri-Tech Holding Announces Changes to Senior Management

      Date:01/04/2013

      Beijing, China –  January 4, 2013 – Tri-Tech Holding Inc. (Nasdaq: TRIT), which provides turn-key water resources management, water and wastewater treatment, industrial safety and pollution control solutions, announced changes to its internal management designed to improve corporate governance and allocate resources to streamline the Company’s operations.

      Mr. Gavin Cheng, CEO of the Company, said, “As our investors know, Tri-Tech has recently completed several challenging quarters. We have looked not only at developing new sources of revenue but also at controlling expenses and improving operational efficiency in order to strengthen the Company over the long term. In reviewing operations, we determined that the Company needed to have a manager in charge of company–wide operations. Our ideal candidate would be familiar with our Company’s various operations and would be experienced with finances. We are pleased that our current Chief Financial Officer, Peter Dong, has agreed to become our new Chief Operating Officer.

      “Once Peter stepped down as CFO, we knew we needed a new CFO who was experienced with financial markets and could communicate well with our investors in the US and throughout the world. Our current President, Phil Fan, has been communicating with investors on behalf of the Company since our initial public offering and has studied finance and accounting at Northwestern University’s Kellogg School of Management and DeVry’s Keller Graduate School of Management.”

      To help the Company weather the current industry challenges, both the COO and CFO will cooperate on cost control efforts, including potential restructuring, downsizing and cash flow management and budgeting. The COO will oversee the Company’s existing lines of business of its four Chinese subsidiaries and the Department of Human Resources. The CFO will focus on improving cash flow management and strategic planning and will manage the Department of Accounting Management.

      Mr. Warren Zhao, Chairman of the Board of Directors of the Company added, “In addition to these operational changes, I have resigned as Joint Chief Executive Officer because we believe shareholders will benefit from separating the roles of CEO and Chairman of the Board of Directors. Gavin will be the Company’s CEO, and I will serve as the Chairman, in addition to overseeing the Company’s research facility.”

      The Chairman of the Board will focus on leading the Board and enhancing corporate governance. The CEO will formulate a new strategy to battle the current setbacks and seek future opportunities to fuel growth.

      Summary of Management Changes

      The following table explains the previous and current positions held by each of Warren Zhao, Gavin Cheng, Peter Dong and Phil Fan.

      Name

       

      Prior Positions

       

      New Positions

      Warren Zhao

       

      Chairman and Member of Board of Directors and Joint Chief Executive Officer 

       

      Chairman and Member of Board of Directors

      Gavin Cheng

       

      Member of Board of Directors and Joint Chief Executive Officer 

       

      Member of Board of Directors and Chief Executive Officer 

      Peter Dong

       

      Chief Financial Officer and Member of Board of Directors

       

      Chief Operating Officer and Member of Board of Directors

      Phil Fan

       

      President and Member of Board of Directors

       

      Chief Financial Officer, Member of Board of Directors and President of international subsidiaries/affiliates (Tri-Tech Infrastructure, LLC in the US, Tri-Tech Infrastructure (India) Pvt. Ltd. and Tri-Tech India Pvt. Ltd.)