Business News

Fuwei Films Announces Consolidation of Responsibilities Within the Senior Management

Wednesday 08. April 2009 - Fuwei Films (Holdings) Co. Limited (NASDAQ:FFHL) ("Fuwei" or "the Company"), a manufacturer and distributor of high-quality BOPET plastic films located in China, today announced that the President of the Company's wholly-owned subsidiary, Fuwei Films (Shandong) Co., Ltd. ("Fuwei Shandong"), Mr. Bin Sun, will not remain with the Company after his contract expires at the end of April 2009.

Mr. Sun has been Fuwei Shandong’s President since January 2007. The Company’s Chairman and CEO, Mr. Xiaoan He, will assume Mr. Sun’s general managerial position at Fuwei Shandong, effective May 1, 2009. Mr. He remains the Company’s Chairman and CEO.

In addition, the Company also announced that Board of Directors accepted the resignation of the Secretary of the Board of Directors, Mr. Bo Xu, on March 31, 2009. The Company’s Senior Vice President, Mr. Zhibing Qian, will assume Mr. Xu’s role, effective April 1, 2009.

“The streamlining of our senior management positions is meant to help us cut bureaucracy, save costs and invest more capital into our production and operations,” said Mr. He. “Mr. Xu and Mr. Sun made significant contributions to our Company and its subsidiary in the past. We wish them all the best.”