TIDMCNEL

RNS Number : 1894F

China New Energy Ltd

26 July 2016

26 July 2016

China New Energy Limited

("CNE" or "the Company")

Signing of IPPA in Zambia

The Board of CNE (AIM:CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, notes the press commentary in relation to Sunbird Bioenergy Africa Limited ("Sunbird") and the Investment Promotional and Protection Agreement ("IPPA").

The Company is pleased to learn that Sunbird and the Zambian Development Agency have signed the IPPA, a key milestone in the commencement of the Zambian project.

The Company notes, however, that there are a number of other project milestones which need to be concluded prior to it entering into a formal agreement with Sunbird to commence construction of the Zambian project.

The Company will provide a further update to the market in due course.

For further information, please visit www.chinanewenergy.co.uk or contact:

 
 China New Energy Limited     www.chinanewenergy.co.uk 
 Richard Bennett              Tel: +44 (0)7966 388 374 
                               or rbennett@zkty.com.cn 
 Ivy Xu                       Tel: +86 (0)20 8705 9371 
                                   or xuhj@zkty.com.cn 
 
 Cairn Financial Advisers        Tel: +44 20 7148 7900 
  LLP (NOMAD) 
 Jo Turner / Sandy Jamieson 
 
 Daniel Stewart and Co           Tel: +44 20 7776 6550 
  (Broker)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 26, 2016 02:01 ET (06:01 GMT)

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