Fufeng Group Limited — Board/Management Information 2010

Apr 1, 2010

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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Fufeng Group Limited 阜豐集團有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 546)

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. Li Guangyu has been appointed as executive director of the Company with effect from 1 April 2010.

The board of directors (“ Board ”) of Fufeng Group Limited (“ Company ”) is pleased to announce that, in order to further strengthen the composition of the Board and enhance the expertise in the Board, Mr. Li Guangyu (“ Mr. Li ”) has been appointed as executive director of the Company (“ Director ”) with effect from 1 April 2010.

Mr. Li, aged 31, joined the Group in September 2006 and was appointed as an assistant of general manager of Neimenggu Fufeng Biotechnologies Co., Ltd.. Mr. Li has over 4 years of experience in the fermentation industry. Mr. Li graduated from 華東政法大學研究生院 (East China University of Political Science and Law Graduate School) in 2006 and obtained a master’s degree in Laws. Currently, Mr. Li is vice general manager of the Group who is responsible for the project of Northeast China Plant of the Group. Mr. Li Guangyu is the son of Mr. Li Xuechun. Mr. Li did not hold any directorship in other listed public companies in the last three years.

Mr. Li has entered into a service contract with the Company for a term of three years commencing from 1 April 2010, subject to his re-appointment by the Company at next following general meeting upon retirement by rotation pursuant to the Articles of Association of the Company. Pursuant to the terms of the service contract, Mr. Li is entitled to a monthly salary of RMB30,000 with a discretionary bonus with maximum amount to RMB90,000 per annum which are determined according to his responsibilities and contribution to the Group. As at the date of this announcement, Mr. Li is not interested in any shares of the Company pursuant to Part XV of the Securities and Future Ordinance. Save for being an executive Director and a son of Mr. Li Xuechun, Mr. Li does not have any relationship with any Directors, senior management of the Company or substantial or controlling shareholders of the Company.

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There is no other information relating to Mr. Li that is required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and there are no other matters that need to be brought to the attention of holders of securities of the Company.

The Board takes this opportunity to welcome Mr. Li to the Board.

On behalf of the Board Li Xuechun Chairman

Hong Kong, 1 April 2010

As at the date of this announcement, the Board comprises: (1) Mr. Li Xuechun, Mr. Wang Longxiang, Mr. Feng Zhenquan, Mr. Xu Guohua, Mr. Li Deheng, Mr. Gong Qingli and Mr. Li Guangyu as executive Directors; (2) Mr. Choi Tze Kit, Sammy, Mr. Chen Ning and Mr. Liang Wenjun as independent non-executive Directors.

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