Press Releases

Hong Kong, Aug 22, 2011 (ABN Newswire) - Fufeng Group Limited (HKG:0546) (PINK:FFNGY) ("Fufeng" or "the Company", together with its subsidiaries collectively known as "the Group"), the largest manufacturer and supplier of MSG in China and the largest manufacturer of xanthan gum in the world, announced today that its substantial shareholder and chairman, Mr. Li Xuechun and its executive director and general manager Mr. Wang Longxiang have increased their equity stakes in Fufeng, showing their confidence in the Group's business development and prospects.

Mr. Li Xuechun purchased 5 million shares of Fufeng at an average price of approximately HK$4.25 per share from 16 to 18 August 2011, for approximately HK$21.26 million. Mr. Li's effective equity interest in the Company increased to 46.37% from 46.08%.

Moreover, Mr. Wang Longxiang bought 1 million shares of the Company at an average price of HK$4.25 per share on 18 August 2011, for approximately HK$4.25 million. Mr. Wang's effective equity interest in Fufeng increased to 0.40% from 0.34%.

This is the second time Mr. Li increased his equity stake in the Company this year. He did so last time at the end of June. Mr. Li said, "The General Manager Mr. Wang Longxiang and I, as the Chairman, increased our equity stakes in Fufeng because we are confident in the development of the Group. As a leading corn-based biochemical manufacturer in China, Fufeng leverages its leading market position and economies of scale to capture business opportunities. The Company will continue to expand its production capacities and drive industry consolidation with an aim of developing itself into a leading corn-based biochemical manufacturer in the world."

Contact

Carine Wong Investor Relations Assistant Manager Fufeng Group Limited Tel: +852-3185-0300 Email: carinewong@fufeng-group.com.hk http://www.fufeng-group.com