China New Energy Limited (CNE) is an investment holding company. The Company principally provides Equipment, Procurement and Construction (EPC) services and Value Added Service (VAS) to ethanol and bio butanol producers. The EPC team primarily design and build commercial-scale bio refineries that convert feedstock into ethanol for both the biofuel and edible alcohol markets, whilst the VAS team provide services and technology to optimize the ethanol production at existing bio refineries. The Company is engaged in designing and building first generation bio refineries that convert agricultural feedstock such as corn, cassava and sugarcane into ethanol. The principal activities of its main subsidiary, Guangdong Zhongke Tianyuan New Energy Science and Technology Co Ltd. (ZKTY) include providing technology solutions to manufacturers of ethanol, edible alcohol and acetic acid from a range of bio-resources, including corn, sugarcane, cassava and other bio-resources.