The Board of Directors of China Clean Energy, Inc. (OTCPK:CCGY) authorized a share repurchase program on May 16, 2011. Under the program, the company will repurchase up to $1 million of its outstanding common shares from time to time for cash in open market purchases in accordance with applicable federal securities laws. China Clean Energy will fund the repurchases from its available cash balances. The repurchases will be subject to market and other conditions. The timing and the number of shares repurchased will depend upon a variety of factors, such as the price, corporate and regulatory requirements, alternative investment opportunities and other market and economic conditions. The share repurchase program may be modified, suspended, terminated or extended by the company at any time without notice. The share repurchase program will be valid until May 16, 2012. Till September 30, 2011, the company has repurchased 64,100 shares, for a total cost of $0.05 million.

China Clean Energy, Inc.'s share repurchase program expired on December 31, 2012.