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An Fengbin [pictured], Chief Executive Officer and Chairman of Andatee China Marine Fuel Services Corporation, has purchased 18,282 shares of company stock worth US$51,945, according to an SEC Filing.

An Fengbin's purchase was carried out over two transactions on October 20th 2011. According to the regulatory filing detailing the transactions the share price ranged from $2.83 to $2.92.

The news follows the announcement towards the end of September that An Fengbin had adopted a share repurchase plan. Under the plan, he may purchase up to a value of $2 million of the company's common stock up until September 19, 2012, subject to 'certain conditions'.

Andatee said last month that the timing and actual number of shares repurchased would depend on a variety of factors including regulatory restrictions on price, manner, timing, and volume, corporate and other regulatory requirements plus other market conditions in an effort to minimize the impact of the purchases on the market for the stock.

Rule 10b5-1 permits corporate officers, directors and others to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information.

Over the last 12 months, An Fengbin has sold no shares of Andatee stock and he has purchased 128,463 shares in the company with a total cost of $599,236.

Over the same period no shares of Andatee stock were sold by company insiders and 128,463 shares for a total value of $599,236 were purchased by company insiders.

An Fengbin - Trading History

Mr An is the founder of Andatee's bunker supply business Dalian Xing Yuan Marine Fuel Co. Ltd.

Last year, he purchased a total of 80,474 shares in the company between November 23rd and December 16th 2010. A list of his trades during this period have been included below.

- An Fengbin bought 10,175 shares of Andatee stock on December 16th at the average price of US$5.41.

- An Fengbin bought 12,387 shares of Andatee stock on December 14th at the average price of US$5.54.

- An Fengbin bought 10,500 shares of Andatee stock on December 9th at the average price of US$5.61.

- An Fengbin bought 9,988 shares of Andatee stock on December 7th at the average price of US$5.68.

- An Fengbin bought 13,050 shares of Andatee stock on December 3rd at the average price of US$5.64.

- An Fengbin bought 9,050 shares of Andatee stock on December 1st at the average price of US$5.32.

- An Fengbin bought 8,400 shares of Andatee stock on November 29th at the average price of US$5.22.

- An Fengbin bought 3,462 shares of Andatee stock on November 23rd at the average price of US$5.21.

- An Fengbin bought 3,462 shares of Andatee stock on November 23rd at the average price of US$5.25.