Guanwei Recycling Regains Compliance With NASDAQ Minimum Bid

Guanwei Recycling Regains Compliance With NASDAQ Minimum Bid Price
Listing Requirement 
FUQING CITY, CHINA -- (Marketwire) -- 12/20/12 --  Guanwei Recycling
Corp. (NASDAQ: GPRC), China's leading clean tech manufacturer of
recycled low density polyethylene (LDPE), today reported the Company
has been notified by the Nasdaq Stock Market ("Nasdaq") that Nasdaq
has determined that for the last 10 consecutive business days, from
December 5, 2012, through 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 Nasdaq's
Minimum Bid Price Rule.  
Description of Guanwei Recycling Corp. 
Guanwei Recycling Corp. is China's largest manufacturer of recycled
low density polyethylene (LDPE). Adhering to the highest "green"
standards, it has generated rapid growth producing LDPE from plastic
waste procured mostly in Europe for sales to more than 300 customers
(including over 150 active recurring customers) in more than ten
different industries in China. Guanwei Recycling Corp. is one of the
few plastic recyclers in China that has been issued a Compliance
Certificate by Umweltagentur Erftstadt, which issues certificates of
approval for certain plastics manufacturers which meet strict
environmental standards in Germany. This enables the Company to
procure high quality plastic waste directly from Germany and other
European countries (Spain and Holland), with no middlemen, and
permits highly economic production of the highest grades of LDPE.
Additional information regarding Guanwei Recycling Corp. is available
at www.guanweirecycling.com.  
Information Regarding Forward-Looking Statements 
Except for historical information contained herein, the statements in
this press release are forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties, which may cause our actual
results in future periods to differ materially from forecasted
results. These risks and uncertainties include, among other things,
product demand, market competition, and risks inherent in our
operations. These and other risks are described in our filings with
the U.S. Securities and Exchange Commission. 
Contacts: 
Richard Sun
guanweirecycling@gmail.com  
Ken Donenfeld
DGI Investor Relations 
kdonenfeld@dgiir.com 
Tel: 212-425-5700
Fax: 646-381-9727