China Clean Energy Appoints Dr. Constantine Konstans and Yu Lin as New Independent Directors

FUQING CITY, China, Jan. 11, 2010 /PRNewswire-Asia-FirstCall/ -- China Clean Energy Inc. (OTC Bulletin Board: CCGY) ("China Clean Energy" or the "Company"), a producer of biodiesel fuel and environmentally-friendly specialty-chemical products made from renewable resources in the People's Republic of China ("PRC"), today announced the appointment of Dr. Constantine Konstans and Mr. Yu Lin as independent directors for the Company.

China Clean Energy's board of directors has appointed Dr. Konstans as chairman of the compensation committee and the nominating and corporate governance committee and as a member of the audit committee, and Mr. Lin as a member of all three committees.

Dr. Konstans is Founding Executive Director of the Institute for Excellence in Corporate Governance at The University of Texas at Dallas' School of Management. Prior to joining The University of Texas at Dallas, Dr. Konstans was the National Training Director for KPMG Peat Marwick and Vice-Chair of the firm's International Training Directors Group. He also served as Associate Dean for External Affairs of the University of Memphis' Fogelman College of Business and Economics and Director of the School of Accountancy, Chair of the Accounting Department and President of the Faculty at Southern Methodist University's Cox School of Business, Professor of Decision Sciences at Georgia State University, and Professor of Accounting at the University of Cincinnati. Dr. Konstans holds a Bachelor of Music, with Honors, from Indiana University, a Master of Arts in Accounting from The Ohio State University, and a Ph.D. in Business Administration from Michigan State University. Dr. Konstans has professional experience with all big four accounting firms and extensive consulting experience in industry ranging from Fortune 500 companies to closely-held hi-tech professional service organizations.  He has served as a corporate director of closely-held companies, including banks, thrifts and manufacturing companies. He also earned professional designations as a Certified Public Accountant (Ohio, Inactive), Certified Management Accountant, Certified Internal Auditor, and Certified Fraud Examiner.

Mr. Lin is a senior engineer and the Head of the Science and Technology Institute for Chemical Industry of Fujian Province. He joined the institute in 1985 after he graduated from the Fuzhou University, with a major in Chemicals. Mr. Yu has participated in a number of award-winning research projects in the chemicals field.  

"We are delighted to announce the further appointments of Dr. Konstans and Mr. Lin as our independent directors after appointing Mr. Carl Mudd last week," said Mr. Tai-ming Ou, China Clean Energy's Chairman and CEO. "We believe Dr. Konstans' rich experiences and solid academic background will bring us more advanced management mindset. Mr. Lin's deep understanding of the chemicals industry will also benefit our business, both at the operating and strategic levels. We plan to continue to work towards a listing on a senior stock exchange in the weeks ahead."

The Company's board of directors now has a majority of independent directors and is composed of Mr. Tai-ming Ou, Chairman and Chief Executive Officer, Ms. Qin Yang, one of the Company's co-founders, and three independent directors, Mr. Mudd, Dr Konstans and Mr. Lin. Mr. Ri-wen Xue, the Company's Chief Operating Officer, resigned from the board in order to allow the Company to establish the independent board.  He continues to serve as the Company's Chief Operating Officer.

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.

Safe Harbor Statement

This announcement contains forward-looking statements. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the effectiveness, profitability, and the marketability of the Company's products; the future trading of the common stock of the Company; the ability of the Company to capitalize on its expanded production capacity; 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 resulting from changes in raw material prices, international oil prices and price controls imposed by the Chinese government; 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 Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or 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, it cannot assure you that the Company's expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

SOURCE China Clean Energy Inc.