Business News

Fuwei Films Appoints New Chief Financial Officer

Monday 14. April 2008 - Fuwei Films (Holdings) Co. Limited (NASDAQ:FFHL) ("Fuwei" or "the Company"), a manufacturer and distributor of high-quality BOPET plastic films in China, today announced that it has appointed Mr. Xiuyong Zhang as the Chief Financial Officer of the Company.

Mr. Zhang has been a director of the Company since November 2007. He has also been a director of Fuwei’s operating subsidiary, Fuwei Films (Shandong) Co., Ltd., since July 2004 and Vice President for Finance there since January 2005. He has more than 10 years of experience in accounting, finance and investments. Prior to joining Fuwei, Mr. Zhang was a Vice President at the Weifang branch of Shandong Zhengyuan Hexin Auditors from 1999 to 2004. He was an accounting supervisor at the Weifang City Local Products Company in Shandong from 1991 to 1999.

Mr. Zhang holds the Professional Certification in Law from the China University of Political Science and Law and the China Central Radio and Television University. In addition, he holds the Certification of Financial Accounting from the Shandong Television University. Mr. Zhang is a Certified Public Valuer recognized by the Ministry of Personnel and the Ministry of Finance in China, and is also a Certified Public Accountant recognized by the Ministry of Finance.

“I am delighted to announce Mr. Xiuyong Zhang as our new CFO,” said Mr. Xiaoan He, CEO and Chairman of Fuwei. “I have enjoyed working with him over the past years and I know him as an excellent team leader. With his substantial experience in the day-to-day management of finance and accounting, Mr. Zhang now will help us continue our high-quality financial reporting and execute a variety of corporate finance projects. His knowledge and skills will be a great asset to us.”

Fuwei will report its fourth quarter and full year 2007 financial results before the markets open on Monday, April 14, 2008.