Fufeng Group Limited — Capital/Financing Update 2010

Apr 26, 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.

This announcement is not an offer to sell or the solicitation of an offer to buy any securities and neither this announcement nor anything herein forms the basis for any contract or commitment whatsoever. Neither this announcement nor any copy hereof may be taken into or distributed in the United States.

The information contained in this announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Bonds mentioned herein have not been, and will not be, registered under the Securities Act. The Bonds may not be offered or sold in the United States except pursuant to registration or an exemption from the registration requirements of the Securities Act. The offering is not being made in the United States to U.S. persons.

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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)

COMPLETION OF THE ISSUE OF OPTION BONDS FOLLOWING EXERCISE OF UPSIZE OPTION OF RMB205.0 MILLION IN AGGREGATE AMOUNT OF RMB DENOMINATED USD SETTLED 4.5% CONVERTIBLE BONDS DUE 2015

Reference is made to the announcement of the Company dated 22 April 2010 in relation to the issue of the Option Bonds (the “ Announcement ”). Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement unless otherwise stated.

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The Board is pleased to announce that, following the exercise of the Option by the Joint Lead Managers, all the conditions to the issue of the Option Bonds as set out in the Subscription Agreement have been satisfied and that the issue of the Option Bonds has been completed on 26 April 2010. Following the issue of Option Bonds, the aggregate principal amount of Bonds is RMB1,025.0 million.

By order of the Board Fufeng Group Limited Li Xuechun Chairman

Hong Kong, 26 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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