STATEMENTS IN BUSINESS TIMES ARTICLE OF 25 MARCH 2008

The Board of Directors (the ?

article (the "

to pay off in 3 yrs".

The Board would like to clarify that the statements (the "

the Chief Financial Officer of the Company, and reported in the BT Article do not represent the views

or opinions of the Board or the Audit Committee. Certain parts of the Statements relate to matters

which are the subject of an independent investigation by PricewaterhouseCoopers. None of the

Statements were made with the authorisation of the Board or the Audit Committee. The Board and

Audit Committee have no basis, at this point in time, to agree with any of the Statements in any

respect whatsoever.

As announced by the Company on 20 March 2008, the Board will keep shareholders informed of any

material developments on the matter in compliance with the Corporate Disclosure Policy of the SGXST

Listing Manual.

In the meantime, shareholders of the Company should refrain from taking any action in respect of

their shares in the Company which may be prejudicial to their interests, and to exercise caution when

dealing in the Company's shares.

BY ORDER OF THE BOARDBoard?) of China Energy Limited (the ?Company? or ?CEL?) refers to theBT Article") in The Business Times today entitled "China Energy expects Jiutai takeoverStatements") attributed to Mr William Wong,

Lee Teck Leng Robson / Ong Kian Guan

Independent Directors

Singapore, 25 March 2008