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Gushan Environmental Energy Limited Announces the Results from Its Annual General Meeting

 

NEW YORK, Nov. 18 /PRNewswire-FirstCall/ -- Gushan Environmental Energy Limited ("Gushan" or the "Company"; NYSE: GU) today announced the results from its Annual General Meeting (AGM) held on November 18, 2009.

At this year's AGM, shareholders approved all of the resolutions proposed in the AGM notice, including the adoption of the 2008 annual report, including the audited financial statements for the year ended December 31, 2008, and re-elections of directors Mr. Deyu Chen and Mr. Denny Lee. The total number of members of the board of directors remains five. KPMG was reappointed as the Independent Auditor for the fiscal year 2009.

"We are pleased that shareholders approved all of management's proposed resolutions at this year's Annual General Meeting," stated Jianqiu Yu, Chairman and Principal Executive Officer. "We would like to thank all of our shareholders and our board of directors for their continued support of Gushan."

About Gushan Environmental Energy Limited

Gushan is a leader in the PRC biodiesel industry, in terms of annual production capacity, and one of the leading biodiesel producers in Asia, in terms of nominal capacity. The company produces biodiesel, a renewable, clean-burning and biodegradable fuel, primarily from vegetable oil offal and used cooking oil, and by-products from biodiesel production, including glycerine, plant asphalt, erucic acid and erucic amide. Gushan sells biodiesel directly to users, such as marine vessel operators, as well as to petroleum wholesalers and individual retail gas stations. The company has seven production facilities with a combined annual production capacity of 450,000 tons in the Sichuan, Hebei, Fujian and Hunan provinces and in Beijing, Shanghai and Chongqing. The company's Sichuan, Beijing and Shanghai production facilities are currently in operation.

For further information, please contact:

    US                                   Asia
    Elizabeth Cheek                      Rico Ngai
    Hill & Knowlton (New York)           Hill & Knowlton (Hong Kong)
    Tel: (1) 212 885 0682                Tel: (852) 2894 6204
    Email:                               Email:
    elizabeth.cheek@hillandknowlton.com  rico.ngai@hillandknowlton.com.hk

SOURCE Gushan Environmental Energy Limited

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