Monday 05. January 2009
Fuwei Films Receives RMB 25 million ($3.65 million) R&D Loan from Weifang City in Shandong Province
Fuwei Films (Holdings) Co. Limited (NASDAQ:FFHL) (“Fuwei” or the “Company”), a manufacturer and distributor of high-quality BOPET plastic film located in China, today announced that Fuwei Films (Shandong) Co., Ltd. (“Fuwei Shandong”), its wholly-owned operating subsidiary, has received an RMB 25 million (US$3.65 million) interest-free loan from the Weifang City Hi & New Technology Project Industrial Development Fund (“IDF”) in Shandong Province to support the Company’s research and development activities.