China Fire Wins New Contract with Jinan Iron & Steel

BEIJING, April 22 /PRNewswire-Asia/ — China Fire & Security Group, Inc.
(Nasdaq: CFSG) (“China Fire” or “the Company”), a leading total solution
provider of industrial fire protection systems in China, today announced that
the Company has signed a contract worth approximately US$9.4 million with

Jinan Iron & Steel (“Jigang”) for fire protection turn-key solutions.

Formed through a merger of three Shandong-based iron & steel companies in
2000, Jigang is China’s eighth-largest steel producer and is the leading
exporter of medium and thick steel plates. With an annual production capacity
of 12 million tons of crude steel and products which include hot rolled steel
and plate, anti-seawater corrosion hull plate, boiler plate, diamond plate,
and round steel, Jigang sells mainly to the shipping, automobile, and
construction industries.

As a key component of China’s Eleventh Five-Year Plan for industrial
upgrades and environmental protection, the government is vigorously pushing
forward its restructuring program to upgrade China’s iron & steel companies
and significantly reduce pollution emission. Jigang’s newest facility, with
cutting-edge metallurgical technologies and modern furnaces, is an important
demonstration of the program’s progress. When fully completed, Jigang will
have higher capacity, produce more varieties of steel products, and emit
significantly lower levels of pollution.

Under this contract, China Fire will serve as a total fire protection
solution provider and be responsible for implementing the entire automated
fire protection system, including engineering, procurement, construction,
monitoring, technical guidance and maintenance. China Fire will provide a
turn-key fire protection system, which includes the Company’s analog linear
fire detectors, fire-alarm monitoring and control system, and water mist
fire-extinguishing system. These systems will ensure that the entire
production facility is safe from fire hazards and fully compliant with the new
fire codes of the iron and steel industry. The project is expected to be
completed within the next 12 months.

“We’re delighted to be the provider of turn-key fire protection for Jigang,
as this contract win is another example of not only our leading market
position but also the wide recognition of our technical expertise in
implementing environmental-friendly projects,” commented Mr. Brian Lin, Chief
Executive Officer of China Fire. “Even in light of a higher emphasis on cost
reduction by many manufacturers in the current macroeconomic environment, I’m
pleased that we continue to command firm pricing in competitive wins, as we
continue to provide an unmatched value proposition through our unique
combination of leading brand, technical superiority, patented products and
comprehensive fire protection solutions.

“This contract win is also a direct example of China’s stimulus measures
to bolster steel-reliant industries. At the end of March 2009, China’s State
Council released details of its China Iron & Steel Industry’s Revitalization
Scheme, which promotes total production control, encourages industry
consolidations, and emphasizes the development of new technologies. This
stimulus plan provides financial subsidies and loan discounts to leading iron
& steel companies, allowing larger and more advanced steel producers to
upgrade existing plants and to build new ground-breaking facilities, which has
recently accelerated demand for our fully-compliant turn-key fire protection
solutions.

“We are especially pleased to add another top steel producer to our
significant Tier-1 customer base, and will continue to serve our clients with
the best fire protection solutions available on the market. As the government
aims to create four iron & steel giants — all of which are major existing
customers of ours, we believe that China Fire is well positioned to capture a
large share of these sizable opportunities. Our deep relationships with these
giants and other advanced steel producers continue to further expand our
market leadership, while our gainful technical know-how continues to bear new
innovations in China’s industrial fire protection. At present, our turn-key
systems can truly ensure that our customers’ production facilities are fully
compliant with China’s new mandatory fire codes, and therefore, we believe
that they are indispensable for new or recently-upgraded iron & steel
production facilities,” Mr. Lin concluded.

About China Fire & Security Group, Inc.

China Fire & Security Group, Inc. (Nasdaq: CFSG), through its wholly owned
subsidiaries, Sureland Industrial Fire Safety Limited (“Sureland”) and Tianjin
Tianxiao Fire Safety Equipment (“Tianxiao”), is a leading total solution
provider of industrial fire protection systems in China. Leveraging on its
proprietary technologies, China Fire is engaged primarily in the design,
manufacture, sales and maintenance services of a broad product portfolio
including detectors, controllers, and fire extinguishers. Via its nationwide
direct sales force, China Fire has built a solid client base including major
companies in iron and steel, traditional power generation, petrochemical and
nuclear power industries throughout China. China Fire has a seasoned
management team with strong focus on standards and technologies. Currently,

China Fire has 52 issued patents covering fire detection, system control and
fire extinguishing technologies. Founded in 1995, China Fire is headquartered
in Beijing with about 500 employees in more than 30 sales and project offices
throughout China. For more information about the Company, please go to
http://www.chinafiresecurity.com .

Cautionary Statement Regarding Forward Looking Information

This presentation may contain forward-looking information about China Fire & Security Group, Inc. and its wholly owned subsidiary Sureland which are
intended to be covered by the safe harbor for forward-looking statements
provided by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements that are not historical facts. These
statements can be identified by the use of forward-looking terminology such as
“believe,” “expect,” “may,” “will,” “should,” “project,” “plan,” “seek,”
“intend,” or “anticipate” or the negative thereof or comparable terminology,
and include discussions of strategy, statements about industry trends and

China Fire & Security Groups’ future performance, operations and products.
This and other “Risk Factors” are contained in China Fire & Security Groups’
public filings with the SEC.

    For more information, please contact:

     China Fire & Security Group, Inc.
      Shayla Suen, Investor Relations
      Tel:   +86-10-8441-7400
      Email: ir@chinafiresecurity.com

     ICR, Inc.
     In China:
      Michael Tieu or Bill Zima
      Tel:   +86-10-6599-7960 or +86-10-6599-7969
      Email: michael.tieu@icrinc.com or william.zima@icrinc.com

     In the U.S.:
      Brian M. Prenoveau, CFA
      Tel:   +1-203-682-8200
      Email: brian.prenoveau@icrinc.com

SOURCE China Fire & Security Group, Inc.