NF Energy Saving Corporation
New Contract Signed by NF Energy

March 8, 2017

NF Energy Saving Corporation (NASDAQ: NFEC) ("NF Energy" or the Company), a leading energy saving service solutions provider for China's power, petrochemical, coal, metallurgy, construction and municipal infrastructure development industries, announced that it recently signed a $220,000 sales contract with JATIGATE hydroelectric station, Indonesia to supply a project with butterfly valves. According to the contract, the Company will deliver this equipment in the first quarter in 2018.

This is the first exported contract signed in 2017 based upon the Chinese government's new developmental strategy. In 2017, except for increasing our market share in domestic market, it is very important to expand our overseas market this year, and even in the future, especially the countries along the route. The demand of those related companies in these countries will be combined with the Company's competitive advantage, not only to focus on the market, but also to innovate new products and technology in order to improve our reputation abroad.

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.

For more information:

NF Energy Saving Corporation

Andy Gao
Tel: +86-24-2560-9775
E-mail: info@nfenergy.com

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