Fufeng Group Limited — Board/Management Information 2015

Nov 9, 2015

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)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the “ Board ”) of Directors (the “ Directors ”) of Fufeng Group Limited (the “ Company ”) announces that Mr. Choi Tze Kit, Sammy (“ Mr. Choi ”) has tendered his resignation as an independent non-executive director (“ INED ”) and chairman of the audit committee (the “ Audit Committee ”) and remuneration committee (the “ Remuneration Committee ”) and member of the nomination committee of the Company with effect from 9 November 2015 in pursuit of his personal career development. His resignation has been accepted by the Board.

Mr. Choi confirmed that he has no disagreement with the members of the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

The Board would like to express its sincere gratitude to Mr. Choi for his valuable contributions to the Company during his tenure of services.

Following the resignation of Mr. Choi, (i) the number of the INEDs has fallen below the minimum number required under Rules 3.10(1) and 3.10A of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “ Listing Rules ”); (ii) the Board does not have at least one of its INEDs possessing appropriate professional qualifications or accounting or related financial management expertise as required under Rule 3.10(2) of the Listing Rules; (iii) there is a vacancy for chairman of the Audit Committee, the number of members of the Audit Committee has fallen below the minimum number, and no INED who possesses appropriate qualifications or expertise has been appointed as a member of the Audit Committee as required under Rule 3.21 of the Listing Rules; and (iv) there is a vacancy for chairman of the Remuneration Committee, which does not fulfil the requirement under Rule 3.25 of the Listing Rules.

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The Company will seek a suitable candidate to fill the vacancies and expects replacements to be appointed within three months from 9 November 2015 pursuant to Rules 3.11, 3.23 and 3.27 of the Listing Rules. The Company will make further announcement(s) as and when appropriate.

By order of the Board Fufeng Group Limited Li Xuechun Chairman

Hong Kong, 9 November 2015

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 and Mr. Li Guangyu and the independent non-executive directors of the Company are Mr. Qi Qingzhong and Ms. Zheng Yu.

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