China Clean Energy (PINK:CCGY)

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Monday, May 16, 2011

FUQING CITY, China, May 16, 2011 /PRNewswire-Asia-FirstCall/ -- China Clean Energy Inc. announced that its Board of Directors has authorized the repurchase of up to $1 million of its outstanding common shares between now and May 16, 2012, subject to market and other conditions. Under this plan, the Company can repurchase shares from time to time for cash in open market purchases in accordance with applicable federal securities laws.

"We have strong confidence in the long-term growth prospects of our company and believe that current market conditions and our strong financial position makes this repurchase program an attractive use of available funds at this time," said Mr. Tai-ming Ou, China Clean Energy's Chairman and CEO

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