Shengkai Innovations Announces 1-for-2 Reverse Stock Split

Shengkai Innovations, Inc. VALV today announced the results of the Company's 2012 Annual Meeting of Stockholders, which was held on December 22, 2011 in Tianjin, PRC. At the Annual Meeting, stockholders elected Wang Chen, Guo Wei, Michael Marks, Jun Leng and Ruizhu Mu to serve as directors of the Company until the close of the next annual meeting of stockholders. At the Annual Meeting, stockholders also approved the following proposals: a one-for-two reverse stock split of the Company's issued and outstanding common stock; and the appointment of Albert Wong & Co. as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2012.