China Biodiesel International Holding Co., Ltd. ("CBI" or the "Company")
Trading Update

The Company is today issuing an update on trading for the current year ending 31 December 2009.

Both the Longyan and Xiamen facilities have continued to increase sales volumes since the announcement of the interim results in September 2009. Based on these volumes the total biodiesel shipments during the second half of the financial year are expected to exceed that of the first half. 

Despite the increase in volumes however the recovery of the biodiesel market remains slow with a background of uncertainty. Recent inflation in feedstock prices has also caused a significant reduction in margins compared to the first half of the financial year. The Directors therefore expect profits in the second half of the financial year to be substantially below that reported in the first half of the financial year. 

Overall, due to continue support from the government in the form of grants and policies and the positive sales volume achieved to date, the Directors expect profits for FY 2009 to exceed those reported in FY 2008. 

For further information:

Gloria He, CFO: +86 (592) 7191103
James Wang, Company Secretary: +86 (592) 7191109

Bobbie Hilliam or Chris Clarke

Evolution Securities: +44 (0) 20 7071 4300