An Fengbin, Chief Executive Officer Of Andatee China Marine Fuel Services Corporation, made an offer to acquire remaining 41.49% stake in Andatee China Marine Fuel Services Corporation (NASDAQ:AMCF) from Wellington Trust Company and other shareholders for $16.6 million in cash on November 22, 2011. An Fengbin will pay $4.21 in cash per share. The Special Committee of Board of Directors of Andatee China advised the shareholders to take no action until they have been advised. The transaction is subject to financing, due diligence, negotiation of a definitive merger agreement and other conditions. Morris James LLP acted as legal advisor for the Special Committee of Board of Directors of Andatee China. Duff & Phelps, LLC acted as the financial advisor for the special committee of Andatee's Board of Directors. Adam Prior and Carolyne Yu of The Equity Group Inc. acted as investor relations advisor for Andatee China.

An Fengbin, Chief Executive Officer Of Andatee China Marine Fuel Services Corporation, cancelled the acquisition of remaining 41.49% stake in Andatee China Marine Fuel Services Corporation (NASDAQ:AMCF) from Wellington Trust Company and other shareholders on September 5, 2012.