China Energy Limited announced unaudited consolidated earnings results for the First quarter ended March 31, 2013. For the quarter, the company reported sales of CNY 473,596,000 against CNY 494,520,000 a year ago. Loss before income tax was CNY 58,656,000 against CNY 59,654,000 a year ago. Loss attributable to equity holders of the company was CNY 58,656,000 against CNY 59,654,000 a year ago. Net cash provided by operating activities was CNY 138,705,000 against CNY 314,580,000 a year ago. Purchase of property, plant and equipment was CNY 13,112,000 against CNY 15,129,000 a year ago. Basic and diluted loss per share was CNY 4.7 against CNY 4.8 for the same period in the last year. Net Asset Value per share as March 31, 2013 was 36.5 cents against 38.5 cents as March 31, 2012. The CNY 20.9 million decrease in sales was attributable largely to the CNY 44.4 million decrease in sales of DME, which was offset partly by a CNY 23.5 million increase in sales of methanol.

China Energy Limited filed its Annual on Apr 16, 2013 for the period ending Dec 31, 2012. In this report its auditor, Moore Stephens, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

China Energy Limited, Annual General Meeting, Apr 30, 2013., at 14:00 Singapore Standard Time. Location: Pickering, Conference Two, Level Two, 3 Upper Pickering Street. Agenda: To consider the Director’s report and the audited financial statements of the company and of the group for the financial year ended December 31, 2012 together with the auditor’s report thereon; to consider the re-election of Mr. Li Qiang and Mr. Ong Kian Min as directors; to approve the payment of director’s fees for the financial year ended December 31, 2012; to consider the re-appointment of Messrs Moore Stephens LLP as the auditors of the company and to fix their remuneration; to consider authority to issue shares in the capital of the company; to consider authority to issue shares under the china energy employee share option scheme; to consider renewal of shareholders' mandate for interested person transactions; to consider renewal of share buyback mandate; and to transact any other ordinary business which may properly be transacted at an Annual General Meeting.