China Integrated Energy Reappoints Mr. Liren Wei and Mr. Stephen Markscheid as Independent Directors. Mr. Junrong Guo Resigns as a Director

XI'AN, China, July 30, 2013 /PRNewswire/ -- China Integrated Energy, Inc. (OTC Pink Limited Information: CBEH) ("China Integrated Energy" or "the Company"), a leading non-state-owned integrated energy company in the People's Republic of China, today announced that the Company renewed the independent director agreements of each of Mr. Liren Wei and Mr. Stephen Markscheid, effective as of May 31, 2013. All material terms, including compensation payable to each of Messrs. Wei and Markscheid, remains the same. Mr. Wei will continue as chairman of the Audit Committee, and Mr. Markscheid will continue as a member of the Audit Committee.

On June 30, 2013, Mr. Junrong Guo, an independent director of the Company, advised the Company that he has decided to resign from his position as a director on the Company's Board of Directors, and from his position as a member of the Audit, Compensation and Nominating and Corporate Governance Committees, for personal reasons. Mr. Guo has stated that he has no disagreements with Company management and is not aware of any issues relating to the Company's financial statements.

The Company has started to search for a new director who is familiar with the bio-fuel and energy industry to fill the vacated position on the Board.

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 fuel; the wholesale distribution of finished oil and heavy oil products; and the operation of retail gas stations. The Company produces biodiesel fuel in its plants located in Tongchuan in Shaanxi province and in Chongqing, China. The Company utilizes a distribution network covering several provinces and municipalities to distribute both heavy oil and finished oil, including gasoline, petro-diesel, and biodiesel. For more 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 information for investors is available at http://www.chinaintegratedenergy.com. To subscribe to future releases via e-mail alerts, please 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 provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as "anticipates," "believes," "estimates," "expects," "future," "intends," "plans," "will," and similar terms. China Integrated Energy, Inc., may also make 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, news releases, and other materials. 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 by law.

For more information, please contact:

China Integrated Energy, Inc.

Mr. Jin (Kent) Ma
Investor Relations
Tel: +86-29-68592316
[email protected]

Christensen

Mr. Chen Yuanyuan (English and Chinese)
Mobile +86 139 2337 7882 in China
[email protected]

Mr. Tom Myers (English)
Mobile +86 139 1141 3520 in Beijing
[email protected]  
www.chinaintegratedenergy.com

SOURCE China Integrated Energy, Inc.

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