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  Time£º2011/6/28¡¾Size£ºBig Middle Small¡¿

Shenyang, Liaoning Province, China, June 28, 2011 ¨C NF Energy Saving Corp. (NASDAQ: NFEC) ("NF Energy" or the "Company"), a leading provider of energy management services and producer of energy efficiency products, today announced the results of its Annual Meeting of Stockholders (the "Annual Meeting") held on Monday, June 27, 2011 in Shenyang, China.

At the Annual Meeting, stockholders re-elected each of the following nominees to the board of directors of the Company to serve until the next annual meeting of stockholders and until his successor is fully elected and qualified or until his earlier resignation or removal: Gang Li, Lihua Wang, Hong Li, Mia Kuang Ching, Jianxin (Jason) Wang, Jiuding Yan, John MacLean, and Joshua Kurtzig. NF Energy's shareholders also ratified the appointment of HKCMCPA Company Limited as the Company¡¯s independent registered public accounting firm for the fiscal year ending December 31, 2011.

About NF Energy Saving Corporation

NF Energy Saving Corporation (NASDAQ:  NFEC) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. The Company¡¯s customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, wind power, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control equipment and energy efficiency projects. For more information, visit http://www.nfenergy.com

Safe Harbor Statement

The statements contained herein that are not historical facts are considered "forward-looking statements." Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the efficacy of investment in research and development are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.

For Immediate Release

Company Contact:                                             Investor Relations Contact:

Ms. Lihua Wang, Director & CFO                               Mr. Mark Collinson, Partner
NF Energy Saving Corp.                               ¡¡¡¡       CCG Investor Relations
Tel: +86 24-8563 1159                              ¡¡¡¡          Tel: +1 310-954-1343
Email: wlh@nfenergy.com                       ¡¡               Email: mark.collinson@ccgir.com
Website: www.nfenergy.com                   ¡¡               Website: www.ccgirasia.com