Fufeng Group Limited — Board/Management Information 2012

Dec 21, 2012

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.

==> picture [74 x 57] intentionally omitted <==

Fufeng Group Limited 阜豐集團有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 546)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR, MEMBER OF AUDIT COMMITTEE AND REMUNERATION COMMITTEE

The Board is pleased to announce the appointment of Ms. Zheng Yu as an independent non-executive director, a member of audit committee and a member of remuneration committee of the Company with effect from 31 December 2012 in order to comply with rule 3.10A of the Listing Rules.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR, MEMBER OF AUDIT COMMITTEE AND REMUNERATION COMMITTEE

The Board of Directors (the “ Board ”) of Fufeng Group Limited (the “ Company ”) is pleased to announce that Ms. Zheng Yu (“ Ms. Zheng ”) has been appointed as an independent nonexecutive director, a member of Audit Committee and a member of Remuneration committee of the Company with effect from 31 December 2012 in order to comply with rule 3.10A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

Zheng Yu (鄭豫) (“ Ms. Zheng ”), aged 44, Ms. Zheng was a Managing Director at PineBridge Investments (formerly known as the AIG Global Investments), in charge of private equity investment in Greater China from 2008 to 2011. She also has over 15 years experience in the management consulting industry through her service at the Boston Consulting Group and then at Roland Berger Strategy Consultants as its senior partner responsible for the industrial and automotive industries practice in Greater China. From 2008 to 2011, Ms. Zheng worked at PineBridge Investments (formerly known as the AIG Global Investments) as a Managing Director from 2008 to 2011, in charge of private equity investment in Greater China. Ms. Zheng has extensive experience in various management practices including strategy development, brand management, organizational restructuring, global sourcing, joint venture strategy, and project management for both global and Chinese clients. Her industry experience includes automotive, industrial goods, consumer electronics, retail and fast moving consumer

– 1 –

goods, education, media and publishing, etc. Prior to her investment and management consulting career, she has also worked in the computer industry in both China and the United States. Ms. Zheng is currently an independent investor and consultant. Ms. Zheng received bachelor’s degree of science in Computer Science in Beijing Normal University and her Master of Business Administration from the University of Texas at Austin in the US.

Ms. Zheng does not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company. Ms. Zheng is also a non-executive director of Minth Group Limited (Stock code: 425) and Hengdeli Holdings Limited (Stock code: 3389) in current, save as disclosed above, she did not have any directorships in other listed public companies in the last three years nor has held any other position with the Company and any of its subsidiaries. As at the date of this announcement, Ms. Zheng does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Ms. Zheng has entered into a service agreement with the Company commencing from 31 December 2012 and is subject to retirement from office and re-election at the next following general meeting of the Company in accordance with the articles of association of the Company. Ms. Zheng will be entitled to a director’s fee of HK$240,000 per annum which is determined by the Board with reference to the duties and responsibilities concerned.

Ms. Zheng has confirmed that she meets the independence criteria as set out in Rule 3.13 of the Listing Rules. Save as disclosed above, there are no other matters relating to the appointment of Ms. Zheng which need to be brought to the attention of the shareholders of the Company and there is no other information that is required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules.

The Board would like to extend its warm welcome to Ms. Zheng.

By order of the board Fufeng Group Limited Li Xuechun Chairman

Hong Kong, 21 December 2012

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.

– 2 –