TIANJIN, China, Dec. 9 /PRNewswire-Asia-FirstCall/ -- China New Energy Group Company (OTC:CNER) (BULLETIN BOARD: CNER) ("China New Energy" or the "Company"), a leading energy project developer specializing in the development of natural gas distribution networks, and distribution of natural gas in China, today announced that it has engaged Child, Van Wagoner & Bradshaw, PLLC ("Child, Van Wagoner & Bradshaw"), which replaces Gruber & Co. LLC ("Gruber & Co.") as its new independent registered public accounting firm, effective November 27, 2008. The decision to change accounting firms was recommended, authorized and approved by the Company's Board of Directors. China New Energy had no disagreements with Gruber & Company LLC for the term of the engagement, which included the Company's most recent fiscal year and the subsequent interim period, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if they had not been resolved to Gruber & Co.'s satisfaction, would have caused them to make reference to any disagreements in their reports on the Company's financial statements. "We are pleased to engage Child, Van Wagoner & Bradshaw, with their in depth expertise in working with international clients as our new independent auditor," commented Mr. Jiaji Shang, the Company's Chief Executive Officer. "We look forward to working with them in the future". About China New Energy Group Company China New Energy Group Company ("China New Energy" or the "Company") is engaged in the development of natural gas distribution networks, the distribution of natural gas to residential and industrial customers in small and mid-sized cities in China and the exploration and recovery of natural gas reserves. Currently, the Company, through subsidiaries in China, operates distribution networks to provide natural gas in the cities of North China. The Company continues to explore more prospective energy resources to meet the rapidly increasing demand in China. Safe Harbor Statement Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to access natural gas for distribution, and ability to identify and develop operational locations under favorable terms, changes in natural gas pricing mechanism imposed by the Chinese government, changes in the regulatory environment and future national or regional economic and competitive conditions, and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact: CCG Investor Relations Mr. Crocker Coulson, President Tel: +1-646-213-1915 (New York) Mr. Gary Chin Tel: +1-646-213-1909 Email: Web: http://www.ccgirasia.com/ DATASOURCE: China New Energy Group Company CONTACT: CCG Investor Relations, Mr. Crocker Coulson, President, +1-646-213-1915 (New York); or Mr. Gary Chin, +1-646-213-1909, or Web site: http://www.ccgirasia.com/

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