China Ritar Power Corp. Joins China Overseas Listed Corporations Association

SHENZHEN, China, March 19 /PRNewswire-Asia-FirstCall/ — China Ritar Power
Corp. (Nasdaq: CRTP) (“China Ritar” or the “Company”), a leading Chinese
manufacturer of lead acid batteries, today announced that the Company has
joined the China Overseas Listed Corporations Association (COLCA). COLCA is a
non-profit organization established on March 7, 2010, with the goal of
providing Chinese companies a platform to enhance their knowledge on global
capital markets.

“We are extremely excited to join COLCA and believe that with the use of
its in-depth resources on global capital markets we will be able to maximize
our success as an international listed company,” China Ritar’s Chairman and
CEO, Mr. Jiada Hu stated. “The organization was established to increase
Chinese companies’ access to information on international capital markets and
enhance their competitiveness. Through its unique platform, Chinese companies
can now readily acquire and exchange information on issues such as raising
capital, reducing operating costs, increasing business development
opportunities in China and overseas as well as maximizing shareholder value.”

About China Overseas Listed Corporations Association (COLCA)

COLCA is a non-profit organization for internationally publicly traded
Chinese corporations or corporations intending to list on international
exchanges such as the NASDAQ, AMEX, NYSE, HKSE, or AIM. The organization is
committed to comply with laws and regulations of the People’s Republic of
China and laws and regulations of the listing countries and regions, promote
business co-operations between members and exchanges, strengthen
communications with relevant institutions and organizations, reduce financing
costs and expenses, enhance investors confidence, provide special service
programs to members, voice member’s suggestions to government authorities,
protect member’s reasonable and legal interests in overseas stock markets,
improve power of discourse of Chinese corporations listed overseas, assist
Chinese corporations continuous development in overseas stock markets, and
contribute to the overseas investment activities of Chinese corporations.
Additional information on COLCA can be found at http://www.colca.org.cn .

About China Ritar Corp.

China Ritar designs, develops, manufactures, and markets environmentally
friendly lead acid batteries with a wide range of capacities and applications,
including telecommunications, uninterruptible power supply (UPS) devices,
light electrical vehicles (LEV), and renewable energy systems (solar and wind
power). China Ritar sells, markets, and services six series and 197 models of
Ritar-branded, cadmium-free, valve-regulated lead-acid (VRLA) batteries.
Products are sold worldwide with sales in 81 countries including China, India,
and numerous markets in Europe and the Americas. Additional information can
be found at the Company’s website http://www.ritarpower.com .

Safe Harbor Statement

Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995: Certain statements in this press release and oral statements made by
China Ritar on its conference call in relation to this release, constitute
forward-looking statements for purposes of the safe harbor provisions under
The Private Securities Litigation Reform Act of 1995. All statements, other
than statements of historical facts, included herein are forward-looking
statements. Although the Company believes that the expectations reflected in
these forward-looking statements are reasonable, they do involve assumptions,
risks and uncertainties, and these expectations may prove to be incorrect. You
should not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company’s actual results
could differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those discussed in
the Company’s periodic reports that are filed with and available from the
Securities and Exchange Commission. All forward-looking statements
attributable to the Company or persons acting on its behalf are expressly
qualified in their entirety by these factors. Other than as required under
the securities laws, the Company does not assume a duty to update these
forward-looking statements.

    For more information, please contact:

    Elite IR
     John Marco, Partner
     Tel:   +1-310-819-2948
     Email: John.marco@elite-ir.com

    Elite IR
     Leslie J. Richardson, Partner
     Tel:   +852-3183-0283
     Email: Leslie.richardson@elite-ir.com

SOURCE China Ritar Corp.