Hongli Clean Energy Technologies Corp. (fka HGLI)

[Golden Cross]

The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of Hongli Clean Energy Technologies Corp. Shareholders
June 28, 2017, 11:53 AM EDT

The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of
Hongli Clean Energy Technologies Corp. Shareholders and a Lead Plaintiff
Deadline of July 7, 2017

Business Wire

NEW YORK -- June 28, 2017

The Klein Law Firm announces that a class action complaint has been filed on
behalf of shareholders of Hongli Clean Energy Technologies Corp. (NASDAQ:
CETC) who purchased shares between October 13, 2015 and April 7, 2017. The
action, which was filed in the United States District Court for the Central
District of California, alleges that the Company violated federal securities
laws.

In particular, the complaint alleges that throughout the Class Period,
defendants made materially false and/or misleading statements and/or failed to
disclose that (1) Hongli did not properly record the impairment of its assets;
and (2) as a result, Hongli’s public statements were materially false and
misleading at all relevant times. On April 21, 2017, Hongli revealed that it
dismissed KSP Group, Inc. (“KSP”) as its independent auditor had stated that
KSP had no disagreements with Hongli as to its accounting practices. On April
26, 2017, however, Hongli disclosed that KSP believed a disagreement did exist
at the time Hongli dismissed it.

Shareholders have until July 7, 2017 to petition the court for lead plaintiff
status. Your ability to share in any recovery does not require that you serve
as lead plaintiff. You may choose to be an absent class member.

If you suffered a loss during the class period and wish to obtain additional
information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or
visit http://www.kleinstocklaw.com/pslra-sa/hongli?wire=2.

Joseph Klein, Esq. is an experienced attorney and has also practiced as a
Certified Public Accountant. Mr. Klein represents investors and participates
in securities litigations involving financial fraud throughout the nation.
Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com:
http://www.businesswire.com/news/home/20170628005990/en/

Contact:

The Klein Law Firm
Joseph Klein, Esq., 212-616-4899
Fax: [phone]
www.kleinstocklaw.com