Puda Coal Audit Committee Announces Interim Findings for Its Internal Investigation

The Audit Committee of Puda Coal (PUDA) today announced certain interim findings of its internal investigation, which was launched in response to allegations raised in an article published online by Alfred Little, a short seller of the Company's stock, on April 8, 2011. The summary interim findings of the Audit Committee were disclosed in a current report on Form 8-K filed by the Company with the U.S. Securities and Exchange Commission on September 1, 2011.