ROYLLING MICHAEL

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Buy signal Sell signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value
2004-05-19	2004-05-19	Hongli Clean Energy Technologies Corp (HGLI)	S Sale	80,251 +4.0% 146.43 US$2,975,673	80,251 +4.0%	146.43	US$2,975,673
2004-05-19	2004-05-18	Hongli Clean Energy Technologies Corp (HGLI)	S Sale	61,336 -46.8% 205.40 US$942,338	61,336 -46.8%	205.40	US$942,338
2004-05-19	2004-05-18	Hongli Clean Energy Technologies Corp (HGLI)	S Sale	50,271 +40.8% 118.41 US$4,233,347	50,271 +40.8%	118.41	US$4,233,347
2004-05-19	2004-05-18	Hongli Clean Energy Technologies Corp (HGLI)	S Sale	10,000 -17.5% 0.78 US$7,800	10,000 -17.5%	0.78	US$7,800