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  Time2010/11/17SizeBig Middle Small

Shenyang, Liaoning Province, China, Nov. 17, 2010 ?NF Energy Saving Corp. (NASDAQ:  NFEC) ("NF Energy" or the "Company"), a leading energy saving services provider for Chinas power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, today announced that Mr. Gang Li, the Company's CEO & Chairman, will ring the closing bell at the NASDAQ MarketSite in New York City on Monday, November 22, 2010 at 4:30 p.m. ET to celebrate the Company's listing on the NASDAQ Stock Market.

NF Energy began trading on the NASDAQ Global Market on Oct 4, 2010, under the ticker symbol "NFEC".

"Listing on the NASDAQ Global Market marks an important milestone in the Companys history, and we are pleased to hold this very memorable closing bell ceremony," comment Mr. Li. "I would like to take this opportunity to thank all our employees, shareholders, customers and suppliers for their contribution and support. In the mean time, we will continue to expand NF Energys business and make contributions to the energy conservation industry."

A live webcast of the NASDAQ Closing Bell (starting from 4:20 p.m. ET) will be available at:

About NF Energy Saving Corporation
Website: http://www.nfenergy.com

NF Energy Saving Corporation (OTCBB: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 current revenues are primarily from its energy saving flow control products. Headquartered in Shenyang city of China, the Company currently has 225 employees and several proprietary energy saving technologies and patents.

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