Fufeng Group Limited — Board/Management Information 2011

May 13, 2011

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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)

RESIGNATION OF EXECUTIVE DIRECTOR

The board (the “Board”) of directors (the “Directors”) of Fufeng Group Limited (the “Company”, together with its subsidiaries, the “Group”) hereby announces that with effect from 13 May 2011, Mr. Gong Qingli (“Mr. Gong”) has resigned as executive Director and chief financial officer due to personal career development reason. Mr. Gong resigned at his own accord and he confirmed he has no claims whatsoever against the Company for fees, compensation for loss of office, remuneration, severance payments, pension, expenses or otherwise and there is no disagreement with the Board and there is no other matter in respect of his resignation that need to be brought to the attention of the shareholders of the Company.

The Board takes this opportunity to thank Mr. Gong for his valuable contributions to the Company during his tenure of office, and also announces that with effect from 13 May 2011, Mr. Chen Yuan, an executive Director and a vice general manager of the Group, will take over as the chief financial officer of the Group and be responsible for financial management, capital markets, corporate development and investor relations matters, and assist the Group to develop strategic planning and long-term development plan. Mr. Chen joined the Group in September 2010, and was appointed as an executive Director of the Company on 9 November 2010. He has over 18 years of experience in the corporate finance, corporate development and investor relation sector. Previously, he worked as a managing director and head of institutional sales for China Everbright Securities (HK) Limited.

By order of the Board Fufeng Group Limited Li Xuechun Chairman

Hong Kong, 13 May 2011

As at the date of this announcement, the executive directors of the Company are Mr. Li Xuechun, Mr. Wang Longxiang, Mr. Feng Zhenquan, Mr. Xu Guohua, Mr. Li Deheng, Mr. Chen Yuan and Mr. Li Guangyu and the independent non-executive directors of the Company are Mr. Choi Tze Kit, Sammy, Mr. Chen Ning and Mr. Liang Wenjun.