China Bio Energy Approved for Nasdaq Listing

China Bio Energy Holdings Group (OTC Bulletin Board: CBEH), a leading manufacturer and distributor of bio-diesel and distributor of petroleum-related products including gasoline, diesel, and heavy oil in China, today announced that it has received approval to list its securities on the Nasdaq Capital Market. China Bio-Energy’s common stock will begin trading under the symbol “CBEH” on the Nasdaq Capital Market on June 26, 2009. “We are very pleased to join the Nasdaq Capital Market alongside other top tier companies,” says Mr. Xincheng Gao, Chief Executive Officer of China Bio Energy Holdings Group. “We believe that meeting the stringent requirements to list on Nasdaq demonstrates our progress in building a strong organization. We believe that this achievement will further enhance our profile in the US capital markets, increase the visibility, liquidity and marketability of our shares while allowing us to expand our shareholder base.” (June 26, 2009)