Recon Technology Announces Pricing of Initial Public Offering on NASDAQ

BEIJING--(Business Wire)--
Recon Technology, Ltd. (Nasdaq: RCON), a leading Chinese non-state-owned oil and
gas automation services provider, announced today its initial public offering of
1,700,000 ordinary shares at $6.00 per share. These ordinary shares will begin
trading today under the ticker symbol "RCON" on the Nasdaq Capital Market.

Of the 1,700,000 shares sold in the offering, all of the shares were sold by
Recon Technology.

Anderson & Strudwick, Inc. acted as the lead placement agent for the offering.

Recon`s registration statement relating to these securities has been declared
effective by the U.S. Securities and Exchange Commission.

This news release does not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein, nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

A copy of the prospectus relating to the offering may be obtained from:
Mac Downs, Senior Vice President
Anderson & Strudwick, Inc.
707 East Main Street, 20th Floor
Richmond, VA 23219
Phone: 804-344-3809
E-mail: mdowns@andersonstrudwick.com

About Recon Technology, Ltd

For over 10 years, Recon Technology, Ltd. has provided leading Chinese oil and
gas companies with automation services that increase efficiency and
profitability in exploration, extraction, refining and processing. Recon's
specialized proprietary software and hardware manage the oil production and
process in real-time thereby increasing extraction levels, reducing impurities
in extracted petroleum and lowering production costs. Recon's technology is
based on three software copyrights, eight product patents and four pending
patents. Recon Technology is the first Chinese non-state-owned oil and gas
service company to go public in the U.S. More information may be found at
http://www.recon.cn or e-mail: recon@hawkassociates.com.

Information for investors, including an investment profile about Recon is
available at http://www.hawkassociates.com/profile/rcon.cfm. Investors may
contact Susan Zhou, Hawk Associates, at (305) 451-1888, e-mail:
recon@hawkassociates.com. An online investor kit including press releases,
current price quotes, stock charts and other valuable information for investors
is available at http://www.hawkassociates.com.

This news release contains forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1995. Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to uncertainties
and risks including, but not limited to, product and service demand and
acceptance, changes in technology, economic conditions, the impact of
competition and pricing, government regulation, and other risks contained in
reports filed by the company with the Securities and Exchange Commission. All
such forward-looking statements, whether written or oral, and whether made by or
on behalf of the company, are expressly qualified by the cautionary statements
and any other cautionary statements which may accompany the forward-looking
statements. In addition, the company disclaims any obligation to update any
forward-looking statements to reflect events or circumstances after the date
hereof.

For Recon Technology, Ltd.
Hawk Associates
Susan Zhou, 305-451-1888
e-mail: recon@hawkassociates.com

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