Consumables

Fuwei Films Designated as a Candidate for A-Category Taxpayer in Shandong Province

Monday 14. July 2008 - Fuwei Films (Holdings) Co. Limited (NASDAQ:FFHL) ("Fuwei" or "the Company"), a manufacturer and distributor of high-quality BOPET plastic films located in China, today announced that Fuwei Films (Shandong) Co., Ltd. ("Fuwei Shandong"), the Company's fully owned operating subsidiary, has been designated a candidate for an A-Category taxpayer by the National Taxation Bureau and the Local Taxation Bureau of Shandong Province.

The A-Category is the top of the four ratings for corporate taxpayers in China. Candidates eligible for the category are reviewed and designated by the authorities every two years. During the past two years, A-Category companies accounted for fewer than 1% of the total taxpaying enterprises and in the past such companies have also enjoyed the exemption from some of the routine tax-related audits by the local government within two years and the priority service when applying for export tax rebates, etc.

“We are delighted to be considered for the prestigious classification of A-Category corporate taxpayer,” said Mr. Xiaoan He, Chairman and CEO of Fuwei. “We believe that this is a confirmation of our excellent reputation in the local industry and our community. The taxpaying advantages that come with the classification would likely boost our confidence as well as potentially facilitate future growth.”