Market Overview

The Klein Law Firm Announces a Class Action Filed on Behalf of Hongli Clean Energy Technologies Corp. Shareholders and a Lead Plaintiff Deadline of July 7, 2017


The Klein Law Firm announces that a class action complaint has been
filed on behalf of shareholders of Hongli Clean Energy Technologies
Corp. (NASDAQ:CETC) who purchased shares between October
13, 2015
and April 7, 2017. The
action, which was filed in the United States District Court for the
Central District of California, alleges that the Company violated
federal securities laws.

In particular, the complaint alleges that throughout the Class Period,
defendants made materially false and/or misleading statements and/or
failed to disclose that (1) Hongli did not properly record the
impairment of its assets; and (2) as a result, Hongli's public
statements were materially false and misleading at all relevant times.
On April 21, 2017, Hongli revealed that it dismissed KSP Group, Inc.
("KSP") as its independent auditor had stated that KSP had no
disagreements with Hongli as to its accounting practices. On April 26,
2017, however, Hongli disclosed that KSP believed a disagreement did
exist at the time Hongli dismissed it.

Shareholders have until July 7, 2017 to petition the court for
lead plaintiff status. Your ability to share in any recovery does not
require that you serve as lead plaintiff. You may choose to be an absent
class member.

If you suffered a loss during the class period and wish to obtain
additional information, please contact Joseph Klein, Esq. by telephone
at 212-616-4899 or visit

Joseph Klein, Esq. is an experienced attorney and has also practiced as
a Certified Public Accountant. Mr. Klein represents investors and
participates in securities litigations involving financial fraud
throughout the nation. Attorney advertising. Prior results do not
guarantee similar outcomes.

Joseph Klein, Esq.
Empire State Building
Fifth Avenue
59th Floor
New York, NY 10118
(212) 616-4899
Fax: (347) 558-9665

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