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China Energy Corporation Appoints Paul Li, Stephen Markscheid and Brock Silvers to its Board of Directors

June 7, 2010

HOHHOT CITY, China, June 7 /PRNewswire-Asia-FirstCall/ — China Energy
Corporation (OTC Bulletin Board: CHGY), (“China Energy” or “the Company”), a
leading Inner Mongolia producer and processor of raw coal for domestic heating,
electrical generation, and coking purposes for steel production in the
People’s Republic of China
, today announced that it has appointed Paul Li,

Stephen Markscheid and Brock Silvers to its Board of Directors effective
immediately. With their appointment, the Company’s Board of Directors was
increased to five members. The term for each of the three Independent
Directors is for one year from May 31, 2010.

“We are pleased to welcome Mr. Li, Mr. Markscheid and Mr. Silvers to our
Board of Directors and look forward to the valuable insight and perspective
they will bring to the Company as we pursue our growth strategy as a leading
producer and processor of coal in Inner Mongolia,” stated Mr. WenXiang Ding,
Chairman, Chief Executive Officer and President of the Company. “Their
extensive financial, managerial and operational experience and their expertise
in the areas of corporate finance and accounting, compliance and international
trade will bring additional depth and strength to our Board of Directors and
leadership team.”

Mr. Li is an expert on risk-based auditing, GAAP financial reporting, SEC
compliance and forensic auditing. He began his internal audit career as a
manager with the St. Paul Companies and Prudential Company. More recently, Mr.
Li was an internal audit and compliance officer with Countrywide Financial
Corporation. From there he moved on to US government forensic auditing. Mr. Li
had prior experience as CFO of Hainan Jinpan International (JST), Taiheng
International, C&M Holding and Transtate Insurance Company. Mr. Li was an
adjunct assistant professor with the College of Insurance and guest lecturer
at Nanjing University. Mr. Li obtained a master’s degree in risk management
from the College of Insurance and has 34 years of financial management
experience. Mr. Li is a U.S. certified public accountant (CPA) licensed in
California and New Jersey.

Mr. Markscheid, who has extensive experience in the global banking,
corporate finance and capital market sectors, currently serves as chief
executive officer of Synergenz BioScience Inc., a Hong Kong-based genomics
company. Previously he was chief executive officer of HuaMei Capital Company,
Inc., China’s first U.S.-based investment bank, as well as senior vice
president for global risk at GE Healthcare Financial Services, and director of
business development at GE Capital in both Beijing and Singapore. He also has
held consulting, consumer and corporate finance positions for Chinese and
global clients at Boston Consulting Group, First Chicago Bank and Chase
Manhattan Bank. Mr. Markscheid received his MBA from Columbia University, MA
in International Affairs & Economics from Johns Hopkins University and BA in
East Asian Studies from Princeton University. He currently serves as an
independent director on the boards of CNinsure, Inc., a NASDAQ-listed
insurance brokerage company, and Jinko Solar, Inc. a NYSE-listed solar PV
manufacturer. He also serves on the investment committees of two separate Hong
Kong
-based private equity funds, Emerald Hill Capital Partners and Pacific
Alliance China Growth Fund.

Mr. Silvers has more than two decades of senior investment and operating
experience in China and Asia, with a specific emphasis on the energy industry.
He previously served as CEO of Laris Group, a China-based hospitality
portfolio, and CEO of Envirofit International, an environmental technology
firm operating in the Asia Pacific region. Mr. Silvers was also a co-founding
Partner of Power Pacific Company, a private equity firm focused on Chinese
energy industry investments, and served as Director – International
Development for Eagle Industries, a multi-billion dollar industrial holding
company controlled by renowned U.S. investor Sam Zell. Mr. Silvers’ Board
experience includes serving as an Executive Director with Envirofit
International, Power Pacific Company, and Shijiazhuang Yongtai Cogen Joint
Venture. He received his MBA in Finance from the Wharton School – University
of Pennsylvania
, his M.A. in International Studies (Chinese Language & Culture)
from the Lauder Institute – University of Pennsylvania, and his B.A. in
Chinese Studies from Columbia University. Mr. Silvers is fluent in Mandarin.

In addition to Mr. Ding and the newly named Directors, China Energy’s Board of Directors also includes Ms. YanHua Li, Vice-General Manager of China
Energy’s Coal Group.

About China Energy Corporation

China Energy Corporation produces and processes raw coal for domestic
heating, electrical generation and coking purposes for steel production in the
People’s Republic of China
, and acts as a brokerage in facilitating coal trade
transactions. The Company produces coal through its subsidiary Inner Mongolia
Tehong Coal Group Co, Ltd. (“Coal Group”) and supplies heating and electricity
requirements throughout the XueJiaWan district through its subsidiary Inner
Mongolia Zhunger Heat Power Co., Ltd. (“Heat Power”). Through Heat Power,
China Energy operates a thermoelectric plant and 32 heat transfer stations
located in XueJiaWan, Ordos City in which the Company is at present the only
government licensed supplier for heating. For additional information on China
Energy Corporation see http://www.ceccec.com .

    For more information, please contact:

    Company:
     Alex (Yuan) Gong, Chief Financial Officer
     Tel:   +86-10-5203-6900
     Email: alexgong08@gmail.com

    Investor Relations:
     HC International, Inc.
     Ted Haberfield, Executive VP
     Tel:   +1-760-755-2716
     Email: thaberfield@hcinternational.net

SOURCE China Energy Corporation


Source: newswire



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