Business News

Fuwei Films Appoints Vice President of Research & Development

Friday 18. January 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 Shandong Fuwei, Fuwei's wholly-owned and operating subsidiary, appointed Mr. Hanyong Lee as a vice president for Research & Development.

Mr. Lee will analyze the BOPET specialty-film market and develop the Company’s R&D strategy to meet the demands of the market. The goal is to accelerate the commercialization of the Company’s R&D programs so that Fuwei will make more high value-added products. Mr. Lee will also develop mid- and long-term R&D programs and build a strong R&D team.

Mr. Lee, 50, has more than 22 years of experience in the BOPET film industry, especially in the aspects of development and management. He worked for 18 years at SKC Co., Ltd., a world-famous BOPET supplier. From 2002 to 2007, Mr. Lee was Vice President of i-components and Polystar International in Korea. From 1987 to 1997, he was mainly responsible for the management of the R&D team, including the development of the BOPET film technology, the refinement of the manufacturing process and the production in general at SKC in Korea. At SKC from 1998 to 2000, he worked in the American Branch of SKC where he was responsible for evaluating the technology, monitoring the production growth and managing a professional staff.

Mr. Lee attended the Institute of Materials Science at the University of Connecticut from 1985 to 1987, and did his graduate study on the surface characteristics and the structure of different resins. In 1987, he received a master’s degree in Surface Characteristics from the University of Connecticut. From 1977 to 1981, he studied Chemical Engineering at Seoul National University in Korea.