Air Products (NYSE:APD) today confirmed that it has submitted a letter (the "Proposal Letter") to Yingde Gases Group Company Limited ("Yingde") setting forth a preliminary, non-binding indication of interest to acquire all of the outstanding shares of Yingde, subject to the satisfaction of certain conditions described in the Proposal Letter. No agreement between Air Products and Yingde has been reached. There cannot be any assurance that such an agreement will be reached or, if such an agreement is reached, that a transaction will be completed.