Fufeng Group Limited — Earnings Release 2022

Jun 28, 2022

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)

POSITIVE PROFIT ALERT

This announcement is made by Fufeng Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) in accordance with Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) concerning disclosure of inside information and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on the Main Board of The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

The board of directors of the Company (the “ Board ”) wishes to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that based on the unaudited management account of the Group for the five months ended 31 May 2022 and the information currently available to the Board, the Group is expected to record an increase of over 100% in its unaudited consolidated profit attributable to the Shareholders for the six months ending 30 June 2022 (the “ Net Profit ”) as compared to that for the six months ended 30 June 2021.

The Board believes that the expected increase in the Net Profit was mainly attributable to the business of the Group continued its momentum from last year in customer demand for our key products due to the continuous recovery from COVID pandemic. Such increase in customer demand has led to increase in both the sales quantities and average selling prices for the key products of the Group which in turn an increase in the expected Net Profit.

This positive profit alert is based on the preliminary assessment of the Board with reference to the information currently available and the unaudited management accounts of the Group for the five months ended 31 May 2022 which have not been reviewed by the audit committee of the Company. The unaudited results of the Group for the six months ending 30 June 2022 will be announced in August 2022.

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Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board Fufeng Group Limited Li Xuechun Chairman

Shandong, the PRC 28 June 2022

As at the date of this announcement, the executive directors of the Company are Mr. Li Xuechun, Mr. Li Deheng, and Mr. Li Guangyu and the independent non-executive directors of the Company are Mr. Lau Chung Wai, Mr. Zhang Youming and Ms. Li Ming.

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