SinoCoking Coal and Coke Chemical Industries to Issue a Detailed Response to Negative Blog Posts

SinoCoking Coal and Coke Chemical Industries, Inc.

today announced that the Company has been made aware of the negative blog report published earlier today by a disclosed short-seller in its stock. The Company plans to issue a shareholder letter to address and respond to each of the allegations made in such report, which will be made available on the Company's website www.sinocokingchina.com. We will notify shareholders when the forthcoming letter has been posted via a press release. “The report contains false and misleading statements about our Company,” noted SinoCoking's Chairman and CEO, Jianhua Lv. “We strongly disagree with the assertions made by this particular author and feel it is very important to respond quickly to allegations against or negative commentary about our Company. We believe that it is our responsibility to our shareholders and employees to provide as much transparency as possible about our operations.”