Gushan Receives Continued Listing Standards Notice from the NYSE

Gushan Environmental Energy Limited

today announced that on May 1, 2012, it received a letter from the New York Stock Exchange ("NYSE") notifying the Company that it was not in compliance with one of the NYSE's standards for continued listing of the Company's American depositary shares ("ADSs") on the exchange. Specifically, the NYSE indicated that it considers the Company to be "below criteria" because, as of December 31, 2011, its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its total stockholders' equity was less than $50 million. On April 27, 2012, the Company reported that as of December 31, 2011, its total shareholders' equity attributable to the Company was approximately $36.2 million. As of December 31, 2011, the Company's global market capitalization over a consecutive 30 trading-day period was $27.5 million.