Gushan (GU) Retains Advisors in 'Go Private' Takeover Deal

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Gushan Environmental Energy Limited (NYSE: GU), announced that the special committee of its Board of Directors, formed to consider a proposal by Mr. Jianqiu Yu, Chairman and Principal Executive Officer of Gushan, to acquire all of the outstanding ordinary shares of the Company not currently owned, legally or beneficially, by Mr. Yu in a "going-private" transaction (the "Proposed Transaction"), has retained PiperJaffray as its financial advisor, Akin Gump Strauss Hauer & Feld LLP as its international legal counsel, and Walkers as its Cayman Islands legal counsel to assist the special committee in its work.

The special committee is continuing its evaluation of the Proposed Transaction. No assurance can be given that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.

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