NEW YORK, December 20, 2007 — The Bank of New York Mellon (NYSE: BK), a global leader in asset management and securities servicing, has been selected by Gushan Environmental Energy Limited as the depositary bank for its American depositary receipt (ADR) program. One Gushan Environmental Energy Limited ADR represents two ordinary shares. The ADRs trade on the New York Stock Exchange under the symbol "GU."

Gushan Environmental Energy ("Gushan") is a biodiesel company based in China. Gushan produces biodiesel and by-products of biodiesel production, including glycerine, plant asphalt, erucic acid and erucic amide. Gushan sells its biodiesel in China to direct users, including marine vessel operators, petroleum wholesalers and individual retail gas stations. The by- products of the company's biodiesel production have numerous commercial applications in the food, pharmaceutical and manufacturing industries. The company currently maintains operations at three production facilities located in China's Sichuan, Hebei and Fujian provinces.

"As we bring our ADRs to the U.S. market, we are delighted to have the support of The Bank of New York Mellon," said Jianqiu Yu, chairman of Gushan. "We decided to work with the market leader to benefit from the bank's impressive experience with Chinese issuers and its comprehensive depositary services."

"We welcome Gushan as a valued client," said Christopher Sturdy, executive vice president and head of The Bank of New York Mellon's Depositary Receipt Division. "Our capital markets experts will help the company develop targeted promotional plans designed to stimulate visibility for the new program among U.S. investors and brokers."

The Bank of New York Mellon's Depositary Receipt business is conducted through The Bank of New York subsidiary, which serves as depositary for more than 1,300 American and global depositary receipt programs, acting in partnership with leading companies from 62 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust, and stock transfer services. Additional information is available http://www.adrbny.com/.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at http://www.bnymellon.com/.

This release is for informational purposes only. The Bank of New York Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.