China Integrated Energy Announces the Appointment of Mr. Jeff Chan Kok Wee to serve as Chief Financial Officer

XI'AN, China, May 20, 2011 /PRNewswire-Asia/ -- China Integrated Energy, Inc. (Nasdaq: CBEH) (the "Company"), a leading non-state-owned integrated energy company in the People's Republic of China, today announced that it has appointed Jeff Chan to serve as Chief Financial Officer of the Company. Jeff replaces Albert Pu, who resigned as Chief Financial Officer on April 28, 2011.

Jeff is a fellow member of Association of Chartered Certified Accountants. Jeff joined Ernst & Young Shanghai office in 2005 after working for four years with another big four auditing firm in Malaysia. He served six years in various positions within Ernst & Young's assurance group, the last two as a senior manager.

Throughout his professional career, he has served a myriad of clients, mainly in industries that included production, semi-conductors, transformers, telecommunications, and power generation. In addition, he has also conducted special audits and due diligence reviews in connection with listings and acquisitions. He is conversant with US GAAP, IFRS, and PRC GAAP.

Mr. Xincheng Gao, Chief Executive Officer of the Company, said, "Jeff has a very strong background in accounting and a solid six-year track record at Ernst & Young. I am confident that Jeff's financial experience and capabilities will facilitate a smooth transition, and I look forward to working more closely with him to further enhance the Company's performance."

About China Integrated Energy, Inc.

China Integrated Energy, Inc. is a leading non-state-owned integrated energy company in China engaged in three business segments: the production and sale of biodiesel, the wholesale distribution of finished oil and heavy oil products, and the operation of thirteen retail gas stations. The Company operates at 200,000-ton biodiesel production capacity within two plants located in Tongchuan, Shaanxi province, and one plant in Chongqing, China. The Company utilizes a distribution network covering 16 provinces and municipalities, established over the past 11 years, to distribute both heavy oil and finished oil, including gasoline, petro-diesel, and biodiesel. For additional information on the Company, please visit http://www.chinaintegratedenergy.com.

An online investor kit including a company presentation, news releases, price quotes, stock charts, and other valuable information for investors is available at http://www.chinaintegratedenergy.com. To subscribe to future releases via e-mail alert, visit http://www.chinaintegratedenergy.com/alerts

Safe Harbor Statement

This news release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. For example, statements about the future use of the proceeds are forward looking and subject to risks. China Integrated Energy, Inc., may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 10-K, 10-Q, and 8-K in its annual report to shareholders, in news releases and other written materials and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, risks outlined in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under law.

SOURCE China Integrated Energy, Inc.

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