Andatee China Marine Fuel Services Corporation Appoints An Fengbin to Serve on the Board in the Capacity of the Chairman of the Board

Andatee China Marine Fuel Services Corporation (Andatee) operates its business through its subsidiaries. The Company’s subsidiaries include Hong Kong subsidiary, Goodwill Rich, Fusheng, Fusheng’s variable interest entity (VIE) and Dalian Xingyuan. Through both directly controlled subsidiaries and VIE entities, the Company is engaged in the production, storage, distribution and wholesale purchases and sales of blended marine fuel oil for cargo and fishing vessels with operations in Liaoning, Shandong, Jiangsu and Zhejiang Provinces in People’s Republic of China (PRC). The Company’s products include cargo vessel fuel classified as CST180 and CST120, fishing boat fuel. The Company produces, stores, distributes and trades the blended marine fuel oil for cargo and fishing vessels.