Andatee China Marine Fuel Services Corporation (OTCPK:AMCF) announced that it has entered into a subscription agreement for private placement of 10,000,000 common shares at a price of $0.03 per share for gross proceeds of $300,000 on February 29, 2016. The transaction will include participation from An Fengbin, Chief Executive Officer, and a board member of the company. The company will issue securities pursuant to exemption provided under Regulation D. The transaction has been approved by the board of directors of the company.