China Energy Limited’s Jiutai Energy Technology Co., Ltd Completes Transfer Of Its Entire Shareholding In The Capital Of Zhangjiagang Jiutai Trading Co., Ltd To Jiutai Energy (Zhangjiagang) Co., Ltd

China Energy Limited announced that the Company’s wholly-owned subsidiary, Jiutai Energy Technology Co., Ltd (Jiutai Energy) had completed the transfer its entire shareholding in the capital of Zhangjiagang Jiutai Trading Co., Ltd (Zhangjiagang Trading) to Jiutai Energy (Zhangjiagang) Co., Ltd (Zhangjiagang), a wholly-owned subsidiary of the Group (the Transaction) on July 28, 2011. The aggregate consideration for the Transaction was approximately RMB9,654,080, being the net asset value of Zhangjiagang Trading as at April 30, 2011. Zhangjiagang Trading, a company incorporated in the People’s Republic of China, was established on October 26, 2007 for the purpose of trading and procurement of chemical products. The entire issued capital of RMB10 million was held by Jiutai Energy. Zhangjiagang Trading has remained dormant since its incorporation.