Sinoenergy Corporation Announces Voluntary Delisting from NASDAQ

Sinoenergy Corporation SNEN announced today that it has notified the NASDAQ Stock Market of its intent to delist its common stock from the NASDAQ Capital Market following the anticipated completion of the merger of the Company into SNEN Acquisition Corp., a wholly owned subsidiary of Skywide Capital Management Limited. As a result of the merger, the Company will be wholly owned by Skywide, which is owned by Mr. Tianzhou Deng, the Company's chairman of the board, and Bo Huang, the Company's chief executive officer and a member of the board of directors.