China Bio-Energy to Host 2008 Fourth Quarter & Year End Earnings Conference Call on March 26, 2009 at 8:30 a.m. EST

XI’AN, China, March 18 /PRNewswire-Asia-FirstCall/ — 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
management will hold a conference call to discuss its 2008 fourth quarter and
year-end financial results at 8:30am EST on March 26, 2009. Financial results
will be released on March 23, 2009 before the market open.

Interested parties may access the call by dialing +1-800-762-8779 from
within the United States, or +1-480-248-5081 if calling internationally. The
conference ID is 4031258. It is advisable to dial in approximately 5-10
minutes prior to the start of the call. A replay will be available through
March 27, 2009 and can be accessed by dialing +1-800-406-7325 (U.S.), +1-303-
590-3030 (Int’l), passcode 4031258.

This call is being web cast by ViaVid Broadcasting and can be accessed at
ViaVid’s website at http://www.viavid.net or at the following link:
http://viavid.net/dce.aspx?sid=00005FF9 . To access the web cast, you will
need to have the Windows Media Player on your desktop. For the free download
of the Media Player please visit:
http://www.microsoft.com/windows/windowsmedia/en/download/default.asp .

About China Bio Energy Holdings Group

CBEH is a distributor of refined oil products including gasoline, diesel,
and heavy oil, and a manufacturer and distributor of bio-diesel fuel. CBEH’s
bio-diesel fuel is made at its 100,000-ton capacity facility in Shaanxi
Province. Feedstock consists of naturally growing non-edible seeds and waste
oil from restaurants. CBEH’s bio-diesel can be used as a complete substitute
for petro-diesel or can be blended with petro-diesel. The Company’s products
are sold via its own distribution network, which includes four fuel depots in
Shaanxi Province that have both road and rail access.

Safe Harbor Statement

This press release contains certain statements that may include “forward-
looking statements.” All statements other than statements of historical fact
included herein are “forward-looking statements.” These forward-looking
statements are often identified by the use of forward-looking terminology such
as “believes,” “expects” or similar expressions, involving known and unknown
risks and uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may prove to be
incorrect. You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. The
Company’s actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of factors,
including those discussed in the Company’s periodic reports that are filed
with the Securities and Exchange Commission and available on its website
(http://www.sec.gov ). All forward-looking statements attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    China Bio Energy Holdings Group
     Alex Gong, VP of Capital Market
     Tel:   +86-136-0127-9912
     Email: alexgong08@gmail.com
     Web:   http://www.cbeh.net.cn/

    HC International, Inc.
     Ted Haberfield, Executive VP
     Tel:   +1-760-755-2716
     Email: thaberfield@hcinternational.net
     Web:   http://www.hcinternational.net

SOURCE China Bio Energy Holdings Group