HONGLI CLEAN ENERGY TECHNOLOGIES CORP. (NASDAQ:CETC) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure To Satisfy A Continued Listing Rule or Standard; Transfer of Listing.

On July 20, 2017, Hongli Clean Energy Technologies Corp. (the “Company”) received a decision from the Nasdaq Listing and Hearing Review Council (the “Listing Council”). The decision of the Listing Council affirms the Nasdaq Hearings Panel’s April 7, 2017 decision to i) delist the Company’s securities from the Nasdaq Capital Market and ii) suspend the trading of Company’s common stock. The listing standard at issue is Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all periodic reports that the SEC requires them to file. At the time of this filing, the Company has no right to appeal the Listing Council’s decision to The Nasdaq Stock Exchange LLC. However, the Nasdaq Board, in its sole discretion, may call the Listing Council’s decision for review to Nasdaq Listing Rule 5825, no later than the next Nasdaq Board meeting that is 15 calendar days or more following the date of the Listing Council’s decision.

If the Nasdaq Board declines to review the Listing Council’s decision or decides to stay the Listing Council’s decision after review, Nasdaq will file a Form 25-NSE with the SEC, causing the Company’s securities to be removed from listing and registration on the Nasdaq Capital Market. In the event it happens, the Company will advise the shareholders of where its stock will trade by filing an announcement on the form of 8-K. The Company may choose to file an appeal with the SEC regarding Nasdaq’s decision, but has not yet determined whether it will do so.

About HONGLI CLEAN ENERGY TECHNOLOGIES CORP. (NASDAQ:CETC)

Hongli Clean Energy Technologies Corp., formerly SinoCoking Coal and Coke Chemical Industries, Inc., is an energy production company. The Company focuses on providing clean burning energy located in the People Republic of China. The Company primarily generates synthetic gas. The Company’s business operations are conducted by a variable interest entity (VIE), Henan Pingdingshan Hongli Coal & Coking Co., Ltd., (Hongli). The Company generates synthetic gas (Syngas), which is converted from coke using the coke gasification facility. The Company’s Stage I facility has a designed annual coke gasification capacity of 438,000,000 cubic meters of syngas or 50,000 cubic meters of syngas per hour.