China New Energy Group Co (PINK:CNER)

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. (Source: website)

We procure our natural gas by purchasing natural gas from third-party suppliers. Once natural gas is extracted by the supplier, all water content and impurities are removed. Natural gas is then delivered by truck to either:

• our natural gas supply stations, where the gas is either depressurized and then delivered to households through pipelines or delivered directly to customers in pressurized tanks
• to gas stations where the gas is sold for use in motor vehicles.

Reverse Merger Filing

Web site: http://www.cnegc.com

Last updated October 18, 2009