Sinoenergy Corporation Approved to List on The Nasdaq Capital Market

BEIJING, July 23 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy Corporation
(OTC Bulletin Board: SINE) ("Sinoenergy" or the "Company"), a manufacturer of
compressed natural gas (CNG) vehicle and gas station equipment and a designer,
developer and operator of retail CNG filling stations in the People's Republic
of China, today announced that its application to list its common stock on The
Nasdaq Capital Market was approved on July 22, 2008.
Sinoenergy has decided to start trading its common stock on The Nasdaq
Capital Market under the symbol SNEN as of July 28, 2008, which is subject to
final confirmation from Nasdaq soon.
"We are extremely pleased to receive approval to list our common stock on
The Nasdaq Capital Market," said Mr. Bo Huang, CEO of Sinoenergy. "Having our
common stock listed on the Nasdaq is an important part of our goal of raising
our profile as we help develop the importance of CNG as an alternative source
of energy in China. We believe that listing on the Nasdaq will increase our
presence in the investment community, and that Sinoenergy has passed another
milestone in its ongoing commitment to enhancing shareholder value."
About Sinoenergy
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and
gas station equipment as well as a developer and operator of retail CNG
stations in China. In addition to its CNG related products, the Company
manufactures a wide variety of pressure containers for use in different
industries, including the design and manufacture of various types of pressure
containers in the petroleum and chemical industries, the metallurgy and
electricity generation industries and the food and brewery industries.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical fact in this
announcement are forward-looking statements, including but not limited to,
future changes in the wholesale and retail price for CNG for vehicles in
China;
changes in policy by the national, provincial and municipal government of the
PRC regarding CNG prices, the CNG vehicle industry, the construction and
operation of retail CNG filling stations and related issues; the Company's
ability to raise additional capital to finance the Company's activities; the
effectiveness, profitability, and the marketability of its products; the
future trading of the common stock of the Company; the ability of the Company
to operate as a public company; the period of time for which its current
liquidity will enable the Company to fund its operations; the Company's
ability to protect its proprietary information; general economic and business
conditions; the volatility of the Company's operating results and financial
condition; the Company's ability to attract or retain qualified senior
management personnel and research and development staff; and other risks
detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions, estimates
and projections about the companies and the industry. The Company undertakes
no obligation to update forward-looking statements to reflect subsequent
occurring events or circumstances, or to changes in its expectations, except
as may be required by law. Although the Company believes that the
expectations expressed in these forward looking statements are reasonable,
they cannot assure you that their expectations will turn out to be correct,
and investors are cautioned that actual results may differ materially from the
anticipated results.
For more information, please contact:

Sinoenergy Corporation
Mr. Anlin Xiong, Vice President
Tel: +86-10-8493-2965 x860
Email: anlinxiong@sinoenergycorporation.com
Web: http://www.sinoenergycorporation.com

CCG Investor Relations Inc.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com

SOURCE Sinoenergy Corporation

Sinoenergy Corporation, Mr. Anlin Xiong, Vice President, +86-10- 8493-2965
x860, or anlinxiong@sinoenergycorporation.com; or CCG Investor Relations Inc.,
Mr. Crocker Coulson, President, +1-646-213-1915 (New York),
crocker.coulson@ccgir.com