On June 30, 2006, China Biodiesel successfully achieved placing and admission to the London Stock Exchange AIM market, with the code of “CBI”. It is the first renewable energy company in China and the first provincial company, which is listed on London Stock Exchange.

Through this IPO, China Biodiesel issued 9,410,000 ordinary shares, accounting for 20% of the total shares. The gross proceeds raised by the placing amounted to 8.0 million pounds, and the market capitalisation of the company following the placing at the placing price reached 38.6 million pounds. The company intends to use the proceeds of the placing to strengthen the technology R&D and to expand the production capacity, including the construction of the period II new project in Longyan and the construction of a new factory in Xiamen, both of which are located in South Fujian.