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China Bio Energy Reports Fourth Quarter and Record 2008 Financial Results
Date:3/23/2009

m that covers a geographic population of approximately 640 million people. Couple this with the ability to leverage our own retail fuel stations, we feel we have several competitive advantages over our domestic competitors while operating a business with superior profit margins," Mr. Gao concluded.

Conference Call Information

Management will host an earnings conference call on March 26, 2009 at 8:30am ET. 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 C
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SOURCE China Bio Energy Holdings Group
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