Nf Energy Saving (NASDAQ:NFEC)

As previously reported, on February 24, 2010 and March 4, 2010, NF Energy Saving Corporation  sold, through a private placement to two accredited investors, convertible promissory notes in the aggregate principal amount of $960,000 and warrants to purchase 160,000 (64,000 post reverse stock split) shares of the Company’s common stock.

The maturity date of each Note has been extended, as of February 24, 2011, to February 24, 2012. Furthermore, the investors have relinquished all of their claims in and to the Warrants and the shares of common stock underlying the Warrants.