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China Clean Energy, Inc. (CCGY.OB) Appoints Seasoned Director and Chairman of Audit Committee

|Includes: China Clean Energy, Inc. (CCGY)

China Clean Energy Inc. is a producer of biodiesel fuel and environmentally friendly specialty chemical products made from renewable resources in the People’s Republic of China (PRC). The company operates through its wholly owned subsidiaries Fujian Zhongde Technology Co. Ltd. and Fujian Zhongde Energy Co. Ltd.

China Clean Energy today announced the appointment of A. Carl Mudd as independent director and chairman of the company’s audit committee, as well as a member of its nominating and corporate governance committee and compensation committee.

“We are very pleased to announce the appointment of Carl Mudd as our independent director,” Tai-ming Ou, China Clean Energy’s chairman and CEO stated in the press release. “Carl’s deep expertise in the areas of strategy, finance and corporate governance will be invaluable as we continue to grow our business, and as we seek to develop the corporate governance infrastructure to meet the requirements for a listing on a senior exchange.”

Mudd has extensive operational and financial management experience and has spent the past 17 years consulting with and mentoring CEOs and boards of directors of major companies on global strategy, business processes and international operations. Mudd also has 28 years of experience serving as CFO, COO and/or president of various international companies.

Mudd currently serves as an independent director and chairman of the audit committee of ShengdaTech Inc. (NASDAQ: SDTH) as a statutory director of the National Association of Corporate Directors – North Texas Chapter, as well as director in residence at the University of Texas at Dallas Institute for Excellence in Corporate Governance (IECG).

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