China New Energy Schedules Conference Call to Discuss Fourth Quarter and Full Year 2009 Results

TIANJIN, China, April 9 /PRNewswire-Asia-FirstCall/ -- China New Energy Group Company (OTC Bulletin Board: CNER) ("China New Energy" or the "Company") announced today that the Company will host a conference call at 9:00 a.m. Eastern Time on Friday, April 16, 2010 to discuss its financial results for the fourth quarter and fiscal year ended on December 31, 2009.

The call will be hosted by Mr. Yangkan Chong, Chief Executive Officer, and Mr. Eric Yu, Chief Financial Officer. To participate in this live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: [phone]. International callers should call [phone]. The conference passcode is 68498286.

If you are unable to participate in the call at this time, a replay will be available for fourteen days starting on Friday, April 16, 2010 at 10:00 a.m. Eastern Time. To access the replay, call [phone]. International callers should call [phone]. The conference passcode is 68498286.

About China New Energy Group Company

China New Energy Group Company ("China New Energy" or the "Company") is a vertically integrated natural gas company engaged in the development of natural gas distribution networks, and the distribution of natural gas to residential, industrial, and commercial users in small and medium sized cities in China. The Company generates revenues primarily from the connection fees it charges its customers for interconnecting to pipelines in its natural gas distribution networks, and fees for natural gas usage. For more information, please visit http:// www.cnegc.com/ .

Safe Harbor Statement

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to access natural gas for distribution, and ability to identify and develop operational locations under favorable terms, changes in natural gas pricing mechanism imposed by the Chinese government, changes in the regulatory environment and future national or regional economic and competitive conditions, and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    For more information, please contact:

    Company Contact:

     Eric Yu, Chief Financial Officer
     Email: [e-mail]
     Web:   http://www.cnegc.com

    Investor Relations Contact:

    CCG Investor Relations
     Mr. Athan Dounis, Account Manager
     Phone: [phone]
     Email: [e-mail]

     Mr. Crocker Coulson, President
     Phone: [phone] (New York)
     Email: [e-mail]
     Web:   http://www.ccgirasia.com

SOURCE China New Energy Group Company

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