NEW YORK, Oct. 6, 2011 /PRNewswire/ -- Gushan Environmental
Energy Limited ("Gushan" or the "Company"; NYSE: GU), a leading
producer of biodiesel in China,
announced today that it will hold its annual general meeting of
shareholders at Room 908, China Merchants Tower, 168-200 Connaught
Road Central, Sheung Wan,
Hong Kong, on November 25, 2011 at 11:00
a.m., local time. Only holders of record of ordinary shares
of the Company at the close of business on October 20, 2011, New
York time, are entitled to notice of, and to vote at, the
annual general meeting or any adjournment or postponement
thereof.
Gushan has filed its annual report on Form 20-F, including its
audited financial statements for the fiscal year ended
December 31, 2010, with the U.S. Securities and Exchange
Commission (the "SEC") ("Form 20-F"). Gushan's Form 20-F can be
accessed on the Investor Relations section of the Company's website
at http://www.chinagushan.com/en/, as well as on the SEC's website
at http://www.sec.gov. Shareholders may request a hard copy of the
Form 20-F free of charge by calling 852-2587-7212 or emailing to
ir@chinagushan.com.
About Gushan Environmental Energy Limited
Gushan is a leader in the PRC biodiesel industry, in terms of
annual production capacity, and one of the leading biodiesel
producers in Asia, in terms of
nominal capacity. Gushan produces biodiesel, a renewable,
clean-burning and biodegradable fuel and a raw material used to
produce chemical products, primarily from used cooking oil, and
by-products from biodiesel production, including glycerine and
plant asphalt. Gushan sells biodiesel directly to users, such as
marine vessel operators and chemical factories, as well as to
petroleum wholesalers and individual retail gas stations. The
Company has seven biodiesel production facilities, located in the
Sichuan, Hebei, Fujian
and Hunan provinces and in
Beijing, Shanghai and Chongqing, with a combined annual production
capacity of 490,000 tons. Gushan's Sichuan production facility is currently in
operation. Gushan also operates a recycled copper products business
through its PRC subsidiaries, Mianyang Jin Xin Copper Company
Limited ("Jin Xin"), and Hunan Yin
Lian Xiangbei Copper Company Limited ("Xiangbei"), which
manufacture copper rods, copper wires, copper granules, copper bars
and copper plates primarily from recycled copper and some
electrolytic copper, in Sichuan
and Hunan, respectively.
Jin Xin has one plant in
Sichuan, with a daily production
capacity of approximately 160 tons of recycled copper products and
Xiangbei has one plant in Hunan,
with a daily production capacity of approximately 50 tons of
recycled copper products.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by words such as "will," "may," "expect,"
"anticipate," "aim," "target," "intend," "plan," "believe,"
"estimate," "potential," "continue," and other similar statements.
Statements other than statements of historical facts in this
announcement are forward-looking statements, including but not
limited to, the Company's expectations regarding the expansion of
its production capacities, its future business development, and its
beliefs regarding its production output. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations, assumptions, estimates and
projections about the Company and the industry. Important risks and
uncertainties that could cause the Company's actual results to be
materially different from expectations include but are not limited
to the effect of any applicable government policy, law or
regulation, of natural disasters, and of intensifying competition
in the biodiesel and alternative energy industries, the
availability of suitable raw materials to the Company, and the
risks set forth in the Company's filings with the U.S. Securities
and Exchange Commission, including on Form 20-F. The Company
undertakes no obligation to update forward-looking statements,
except as may be required by law. Although the Company believes
that the expectations expressed in these forward-looking statements
are reasonable, it cannot assure you that its expectations will
turn out to be correct, and investors are cautioned that actual
results may differ materially from the anticipated results.
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For further information, please
contact:
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US
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Asia
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Elizabeth Cheek
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Rico Ngai
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Hill & Knowlton (New
York)
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Hill & Knowlton (Hong
Kong)
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Tel: (1) 212 885
0682
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Tel: (852) 2894
6204
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Email: elizabeth.cheek@hillandknowlton.com
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Email: rico.ngai@hillandknowlton.com.hk
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SOURCE Gushan Environmental Energy Limited