China Integrated Energy Appoints Mr. Liren Wei as Independent Director

XI'AN, China, June 3, 2011 /PRNewswire-Asia-FirstCall/ -- China Integrated Energy, Inc. (Nasdaq: CBEH) ("China Integrated Energy" or the "Company"), a leading non-state-owned integrated energy company in the People's Republic of China, today announced the appointment of Mr. Liren Wei to its Board as an independent director and as a member of the Board's audit committee, effective May 31, 2011.

Mr. Xincheng Gao, Chief Executive Officer of China Integrated Energy, said, "We are very pleased to welcome Mr. Liren Wei to China Integrated Energy as our new independent director and member of our audit committee. Liren is a seasoned financial professional with extensive experience in accounting and auditing in the US. We believe that his substantial business experience will help us further improve our corporate governance and strengthen our financial and accounting practices. With his appointment, we once again have three independent directors on our Board. I look forward to working closely with them and fully cooperate with the ongoing independent investigation."

Mr. Wei is a US citizen born in Taiwan and has more than 20 years of experience in accounting and auditing in the US. He is the managing partner of Wei, Wei & Co., LLP, a six partner 70 person firm registered with the PCAOB and with offices in New York and Los Angeles. Its clients span a wide range of sectors including, distribution, finance, government, import and export, mining, not-for-profit, shipping, real estate, and retail. Significant clients include various agencies of New York State and New York City, numerous US subsidiaries of Cosco, the large Chinese shipping conglomerate, as well as Apollo Management LP, Moore Strategic Value Partners, LLC and INVESCO Private Capital, Inc.

As a member of the New York State Society of Certified Public Accountants, Mr. Wei has served as Vice President, as a member of its Board of Directors, and as a member of its Executive Committee and Peer Review Committee. He currently serves on the Quality Enhancement Policy Committee, SEC Practice Committee and Government Accounting & Auditing Committee.

Mr. Wei also served as President and Vice President of the Chinese American Society of CPAs, as Vice President of the Taiwanese American CPA Association. He has been a Director and Treasurer of the New York Wall Street Lions Club and was one of the founding members and Vice President of External Affairs of ASCEND, formerly known as the National Asian American Society of Accountants.

Mr. Wei is a certified public accountant of the State of New York. He graduated Summa Cum Laude from Baruch College of The City College of New York with a Bachelor of Business Administration with an Accounting degree.

About China Integrated Energy, Inc.

China Integrated Energy, Inc. is a leading non-state-owned integrated energy company in China engaged in three business segments: the production and sale of biodiesel, the wholesale distribution of finished oil and heavy oil products, and the operation of nine retail gas stations. The Company operates at 200,000-ton biodiesel production capacity within two plants located in Tongchuan, Shaanxi province, and one plant in Chongqing, China. The Company utilizes a distribution network covering 16 provinces and municipalities, established over the past 11 years, to distribute both heavy oil and finished oil, including gasoline, petro-diesel, and biodiesel. For additional information on the Company, please visit http://www.chinaintegratedenergy.com

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Safe harbor statement

This news release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. For example, statements about the future use of the proceeds are forward looking and subject to risks. China Integrated Energy, Inc., may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 10-K, 10-Q, and 8-K in its annual report to shareholders, in news releases and other written materials and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, risks outlined in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under law.

SOURCE China Integrated Energy, Inc.