China Environmental Energy Investment Limited announced that extension of the maturity date of certain Promissory Notes with principal amount of HKD 30,000,000 from November 6, 2012 to December 31, 2012. The Board announced that the company has extended the maturity date of certain Promissory Notes with principal amount of HKD 30,000,000 with its holder from December 31, 2012 to January 31, 2013. Terms and conditions of the Promissory Notes shall remain in full force and effect.

The outstanding principal amount of the Promissory Notes is HKD 122,000,000, with HKD 72,000,000, HKD 20,000,000 and HKD 30,000,000 due on May 7, 2013, May 14, 2013 and January 31, 2013 respectively.