NEW YORK, May 13 /PRNewswire-FirstCall/ -- China Natural Gas, Inc. (OTC Bulletin Board: CANL), one of the leading providers of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, today announced that its stock will begin trading under a new stock symbol, "CANL," on the OTC Bulletin Board at the open of business on May 13, 2009. Pursuant to OTCBB rules, a change of the Company's stock symbol is required due to the Company's 1-for-2 reverse stock split. Reverse Stock Split Effective today, May 13, 2009, every two shares of CHNG will exchange for one share of CANL. The reverse stock split will be effected simultaneously for all of the Company's common stock and the exchange ratio will be the same for all of the Company's common stock. The reverse stock split will affect all of the Company's common stockholders uniformly and will not affect any stockholder's percentage ownership interests in the Company or proportionate voting power, except to the extent that the reverse stock split results in any stockholders owning a fractional share. Fractional Share No scrip or fractional certificates will be issued in connection with the reverse stock split. Instead, any fractional share that results from the reverse stock split will be rounded up to the next whole share. This is being done to avoid the expense and inconvenience of issuing and transferring fractional shares of our common stock as a result of the reverse stock split. Beginning at the effective time, each certificate representing Old Shares (CHNG) will be deemed for all corporate purposes to evidence ownership of New Shares (CANL). The Company's transfer agent, Interwest Transfer, Inc., is acting as exchange agent for purposes of implementing the exchange of stock certificates. Interwest is located at 1981 Murray Holladay Road, Suite 100 Salt Lake City, UT 84117. Their telephone number is (801) 272-9294. Holders of Old Shares may surrender certificates representing Old Shares for certificates representing New Shares. No new certificates will be issued to a stockholder until such stockholder has surrendered such stockholder's outstanding certificate(s) to the exchange agent. The Company will be responsible for the payment of all fees, including the transfer agent's fee, associated with certificate exchange and delivery. About China Natural Gas, Inc. China Natural Gas, Inc., ("CANL"), is the first China-based natural gas retailing company publicly traded in the U.S. The Company owns and operates a network of CNG filling stations as well as a 120-kilometer compressed natural gas pipeline in Xi'an, a fast growing Chinese city with population of 8.5 million and "gateway" to China's vast Western regions. CANL retails natural gas at company-owned filling stations, delivers natural gas services to residential, commercial and industrial customers, and converts gasoline-fueled vehicles to hybrid (natural gas/gasoline) powered vehicles. It is estimated that there are already 5,000 buses and 20,000 taxis using CNG in Xi'an. Safe Harbor Statement: This press release may contain forward-looking statements. These statements are based on the current expectations or beliefs of China Natural Gas, Inc. management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including the progress of construction and development activities, fluctuation of natural gas prices, the availability of natural gas supplies, changes in governmental regulations and/or economic policies. DATASOURCE: China Natural Gas, Inc. CONTACT: Michael Tieu of ICR, Inc., +86-10-6599-7960, Web Site: http://www.naturalgaschina.com/

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