Fufeng Group Limited — Share Issue/Capital Change 2009

Jul 14, 2009

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)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules (the “ Listing Rules ”) Governing the Listing Securities on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”). The board of directors (the “ Board ”) of Fufeng Group Limited (the “ Company ”) would like to announce that on 14 July 2009, options (the “ Share Options ”) to subscribe for an aggregate of 64,110,000 ordinary shares of HK$0.1 each (the “ Shares ”) of the Company have been granted under the Company’s share option scheme adopted on 10 January 2007. The Share Options are subject to acceptance of the grantees. Details of the Share Options granted are as follows:

Date of grant:

14 July 2009

Exercise price of Share Options granted:

Each Share Option shall entitle the holder of the Share Options to subscribe for one new Share upon the exercise of the Share Option at an exercise price of HK$3.00 per Share

Number of Share Options granted:

64,110,000 Share Options

Closing price of the Shares HK$2.81 per Share as quoted on the Stock Exchange on 14 July 2009, being the date of grant:

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Validity period of the Share Options:

the Share Options may be exercised within three years from the expiry of two years and six months from the date of grant, provided that the maximum number of Shares which the grantees are entitled to subscribe shall not exceed (a) 33% of the total number of Shares subject to the relevant Share Options during the first year of such three-year period; (b) 66% of the total number of Shares subject to the relevant Share Options during the second year of such three-year period (which shall take into account the Shares subscribed in the previous year pursuant to the exercise of the relevant Share Options); and (c) the total number of Shares subject to the relevant Share Options during the last year of such threeyear period (to the extent that the relevant Share Options has not been exercised in full in the previous two years).

One of the grantee is Ms. Li Hongyu, who is an executive director of the Company. She was granted Share Options to subscribe for a total of 1,600,000 Share. Except for the above, none of the grantees of the Share Options is a director, chief executive or substantial shareholder of the Company, nor an associate (as defined under the Listing Rules) of any of them.

By order of the Board Fufeng Group Limited Li Xuechun Chairman

Shandong, the PRC 14 July 2009

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

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