UPDATE: NF Energy Saving Corp. Reports Service Contract for Dongguan, China

NF Energy Saving Corporation.

("NF Energy" or the "Company"), a leading energy saving services and solutions provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries. On August 13, 2013, the Guangdong division of the Company's wholly owned subsidiary Liaoning NF Energy signed an energy efficiency service contract with Dongguan Xianjia Plastic Products Company, a Xianhao International Group company, to retrofit 58 units of the client's injection molding machines (IMM). The project is expected to save energy by up to 40%. In addition, more than 60 units of IMM equipment are lined up for energy service at Xinhao Mold Plastic (Shenzhen) Co., Ltd. For the contracted project, NF Energy will apply its own technologies and many years of experience in motor-drive energy efficiency improvements. A test was conducted by both parties prior to the signing of the contract and the Company's solution was found to be very effective. With the kickoff of this energy saving project, the Company expects energy service projects like this one in the plastic industry to become a new source of revenue.