Fufeng Group Ltd (HKG:0546) Chairman Increases His Stake in the Company

The world's largest monosodium glutamate (“MSG”) and xanthan gum producer, Fufeng Group Limited ("Fufeng" or the "Company", together with its subsidiaries, the "Group") (HKG:0546) today announces that Mr. Li Xuechun, the controlling shareholder and Chairman of Fufeng, purchased 3.094 million shares of Fufeng, with an average price of HK$2.178 per share, during the period from 16 May 2016 to 24 May 2016, from the open market. The purchased shares account for 0.15% of the outstanding shares of the Company.

After the share purchase, Mr. Li owns 966,436,461 shares of the Company, accounting for 45.44% of total outstanding shares of the Company.

Commenting on the increase in stake, Mr. Li Xuechun said, “As the Chairman, I am very confident of the development of the Group.”


About Fufeng Group Limited

Fufeng Group (HKG:0546) is the world's largest producer of MSG, xanthan gum and a major supplier for a series of bio-fermentation products. The main products of the Group are food additives, animal nutrition, colloid and high-end amino acids. In fiscal 2016, Fufeng generated sales of approximately RMB11.2 billion and profit attributable to shareholders of about RMB1.09 billion. For more information, please visit our website www.fufeng-group.com

 

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