Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule of Standard; Transfer of Listing

On August 30, 2012, The Nasdaq Stock Market notified NF Energy Saving Corporation (the "Company") that for the previous 30 consecutive business days, the Company did not meet the minimum bid price of $1.00 per share. Therefore, under the continued listing requirements for THE NASDAQ CAPITAL MARKET a deficiency existed. The Company has a cure period of 180 days in which to regain compliance. The notification has no immediate effect on the listing of the Company's common stock.

Marketplace Rule 5810(c)(3)(A), provides the Company with a grace period of 180 calendar days, ending February 26, 2013, during which it may regain compliance with the minimum bid price requirement. If before February 26, 2013, the closing bid price of the Company's common stock is at least $1.00 for a minimum of 10 consecutive business days, the Company will return to compliance. If the Company does not achieve compliance by that date, then NASDAQ will notify the Company that its common stock is subject to delisting from THE NASDAQ CAPITAL MARKET.

In the event the Company becomes subject to delisting from THE NASDAQ CAPITAL MARKET, NASDAQ rules permit the Company to appeal the delisting. The Company will monitor the closing bid price of its common stock and will consider various possible options if it does not appear that it will return to compliance.