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China Clean Energy Files Extension of Form 10-K Filing for Fiscal Year 2011

2012-03-31 00:14 1060

FUQING CITY, China, March 31, 2012 /PRNewswire-Asia-FirstCall/ -- China Clean Energy Inc. (OTC QB: CCGY) ("China Clean Energy," the "Company"), a producer of biodiesel fuel and environmentally-friendly specialty-chemical products made from renewable resources, today reported that it will file Form 12b-25 with the SEC to extend the filing of its Form 10-K for the fiscal year 2011. The Company cites as the reason for the delay that it needs additional time to complete the valuation of assets acquired in its November 15, 2011 acquisition of Handan Guanxin Technology Co. China Clean Energy expects to file the Form 10-K within the period stipulated under the Form 12b-25 filing and has until April 16, 2012 to file its Form 10-K report.

Conference Call

China Clean Energy will hold its fourth quarter and fiscal year end 2011 conference call at 10:00 a.m. Eastern Time on Tuesday, April 17, 2012 to discuss its financial results. To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: +1 (866) 759-2078. International callers should dial +1 (706) 643-0585. When prompted by the operator, mention conference pass code 65661592. If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Tuesday, April 17, 2012, at 1:00 p.m. Eastern Time. To access the replay, please dial +1 (855) 859-2056, international callers dial +1 (404) 537-3406, and enter the pass code 65661592.

About China Clean Energy

China Clean Energy, through its wholly-owned subsidiaries, Fujian Zhongde Technology Co., Ltd. and Fujian Zhongde Energy Co., Ltd, is engaged in the development, manufacturing, and distribution of biodiesel and specialty chemical products made from renewable resources. For additional information please visit: http://www.chinacleanenergyinc.com

Contact:

China Clean Energy Inc.

CCG Investor Relations Inc.

William Chen, CFO

David Rudnick, Account Manager

Email: william.chen@chinacleanenergyinc.com

Telephone: +1(646) 626-4172

Website: http://www.chinacleanenergyinc.com

Email: david.rudnick@ccgir.com

Source: China Clean Energy Inc.
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