NF Energy Saving Corporation Announces NF ENERGY Held Conference

SHENYANG, China, Nov. 29, 2016

At present, coal is still a widely-used resource of energy being the most reliable and economic in China. However, this resource of energy seriously damages the environment, such as haze etc. It is essential to promote the development of low carbon cycle, to speed up the energy technology innovation and set up a modern energy system with the clean low-carbon and safety according to the related policies issued by Chinese government in 2015. Currently, the green energy's utilization is lower if compared with other regions in China. Therefore, the Company believes that " no coal" has good prospects in the domestic market.

The Company plans to integrate a series of technologies relating to green energy based upon its more than 20 years' experience in the saving energy field, such as natural gas and renewable energy in order to devote to  a" no coal new energy service system" as the largest service provider in North-east of China. In additional, NF Energy plans to strategically cooperate with other companies working on this field with the expectation to utilize their advantages so to achieve a win-win through joint investment projects.

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, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control solutions including equipment and energy efficiency project services. 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.