Andatee China Marine Fuel Services Corporation (OTCPK:AMCF) announced that it has entered into a subscription agreement for private placement of 12,000,000 common shares at a price of $0.05 per share for gross proceeds of $600,000 on December 21, 2016. The transaction included participation from returning investor An Fengbin, Chief Executive Officer of the company. The company issued securities pursuant to exemption provided under Regulation D. The transaction has been approved by the board of directors of the company.