Gushan Environmental Energy Limited (NYSE:GU) announced its unaudited consolidated financial results for the second quarter of 2011. As of November 12, 2010, the ratio for Gushan's ADSs representing ordinary shares has changed from one ADS representing two ordinary shares to one ADS representing ten ordinary shares. Gushan presents all per ADS data and number of ADSs in this announcement as if the ratio change was effective as of the beginning of the earliest period presented.

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