Longwei Petroleum (fka LPIH)

[xlt leader]

A reasoned opinion. You asked why the audit committee memebers resigned. Here is the answer in their own words:

January 28, 2013
Ladies and Gentlemen,
I hereby tender my resignation, effective immediately, as a member of the Board of Directors of Longwei Petroleum Investment Holding Ltd.
(“Longwei”) and Chairman of the Audit Committee.
As you are aware, on January 15, 2013, the Audit Committee resolved to undertake an independent investigation relating to certain
allegations made against Longwei by Geoinvesting.com and posted on the seekingalpha.com website.
The Audit Committee further resolved to engage independent counsel and forensic accountants in order to carry out such investigation. On the
same date, the Audit Committee submitted its request to the full Board of Directors and requested that the Board approve the Audit’s
Committee’s resolutions so that the Audit Committee could commence such investigation.
Despite these facts, the Board of Directors has so far refused to approve the Audit Committee’s resolutions.
As a result, I feel that I am unable to effectively carry out my duties as a member of the Board of Directors and Chairman of the Audit
Committee.
I hereby request that a copy of this letter be attached as an exhibit to the Form 8-K to be filed with the Securities and Exchange Commission
disclosing my resignation as set forth herein.
Sincerely,
Douglas D Cole

Dear sir and madam,
LONGWEI PETROLEUM INVESTMENT HOLDING LIMITED (THE "COMPANY") RESIGNATION AS NON-EXECUTIVE
DIRECTOR.
I, Xue xiaoping, hereby inform you my resignation as non-executive director with immediate effect.
I hereby confirm that I had no dispute with the Board and there was no matter in relation to my resignation that will need to be brought to the
attention to the shareholders of the Company and the Stock Exchange.
Also, I confirm that I have no claims against the Company whether by way of compensation, remuneration, severance payments, pensions,
expenses and any other sum for loss of office or otherwise.
Yours faithfully,
Xue Xiaoping