China Integrated Energy Inc. Reappoints Steven M

XI'AN, China, June 11, 2012 /PRNewswire-Asia-FirstCall/ -- China Integrated Energy, Inc. (OTC Pink: 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 Mr. Steven Markscheid and Mr. Liren Wei will continue as independent directors of the Company and as members of the Board's Audit Committee. Mr. Wei will replace Mr. Markscheid as Chairman of the Audit Committee. Mr. Wei is a US citizen born in Taiwan, a New York certified public accountant, and has more than 20 years of experience in accounting and auditing in the US. He is the managing partner of Wei, Wei & Co., LLP, a firm registered with the PCAOB and with offices in New York and California.

Mr. Xincheng Gao, Chief Executive Officer of China Integrated Energy, said, "We are very thankful for Steven and Liren's contribution to China Integrated Energy during the past year. They have worked diligently, independently, and with great passion to conduct a thorough independent investigation of issues raised by certain individuals. As a result, the corporate governance of the Company has been substantially enhanced. Their extensive experience in finance and with Chinese publicly traded companies has provided valuable insights, allowing us to deepen our understanding of the U.S. capital markets. We are gratified that both of them have agreed to continue to help guide our future and strongly believe that their continued service on our Board will be beneficial to all our shareholders."

"We are happy that the Company can now again fully focus on executing its growth strategy. We remain committed to work hard to help all shareholders benefit from the value we have always believed is embedded in our business and its growth prospects."