Andatee China Marine Fuel Service Corporation Signed A Financial Leasing Agreement To Support Its Clean Energy Growth Initiative

Andatee China Marine Fuel Service Corporation, AMCF ("AMCF" or "the Company"), a leading independent operator engaged in the production, storage, distribution and trading of blended marine fuel oil for cargo and fishing vessels, as well as research and development of clean energy solution in China, today announced that its recently acquired subsidiary, Qingdao Grand New Energy Co., Ltd. ("Qingdao Grand"), a clean energy solutions provider, entered into a five-year Strategic Cooperation Framework Agreement with Think Way International Financial Leasing Co., Ltd. ("TWF") on September 3, which agreement contemplates facilities and equipment leasing and project financing by TWF to the Company in the amount of up to RMB2.5 billion (or approximately USD$400 million), for a period of time from September 3, 2014 to September 3, 2019. The parties agreed that terms and provisions of each specific project financing will be agreed upon and entered into by the parties in a definitive financing agreement at the time of such project. The purpose of this financing facility is to support the Company's new growth initiative into clean energy segment. Think Way international Financial Leasing Company, a nonbank financial institution approved by the Ministry of Commerce, engages in the financing and leasing business throughout China. It maintains strong relationships with Shanghai Pudong Development Bank and other major Chinese banks. Under the terms of the agreement, TWF will also provide financial advisory and other related services to Qingdao Grand. The agreement also calls for future cooperation between the parties in carbon credit trading. Mr. Wang Hao, Chairman and CEO of AMCF, commented, "Energy Performance Contracting (EPC) is one of the key business models for us to enter the energy saving business. With no upfront cost from our customers, we build energy saving projects, which based AMCF's proprietary air compression and storage technology, and share long term energy savings revenue with our customers. This cooperation agreement with Think Way lays a solid foundation for AMCF's business model of combining Energy Performance Contracting (EPC) with financial leasing, and provides sufficient funding support for future large-scale projects."