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

On July 9, 2012, the Nasdaq Stock Market ("Nasdaq") notified Guanwei Recycling Corp. (the "Company") that it no longer complied with Nasdaq Rule 5550(a)(2) (the "Minimum Bid Price Rule"), as the closing bid price of the Company's common stock, par value $0.001 ("Common Stock"), was below the minimum $1.00 per share for the 30 consecutive trading days prior to July 9, 2012.

In accordance with Nasdaq Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until January 7, 2013, to regain compliance with the Minimum Bid Price Rule. The Company may regain compliance with the Minimum Bid Price Rule if the bid price of the Company's Common Stock closes at $1.00 per share or more for a minimum of 10 consecutive business days at any time prior to January 7, 2013.

On December 19, 2012, the Company received notification from the Nasdaq that the Nasdaq has determined that for the last 10 consecutive business days, from December 5, 2012 to December 18, 2012, the closing bid price of the Company's common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.

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