ABN Newswire

Speciality Union Products plc (FRA:YSU) To Expand Liquor Sales Globally and Create New Products For International Distribution Networks

newsroom@abnnewswire.net — Wed, 25 Apr 2012 00:09:57 GMT

Speciality Union Products PLC (FRA:YSU) (BERLIN & FRANKFURT) through its authorized importer and marketer of the Intrigue liqueur brands including prosecco, tequilas, vodkas, cognac and wines announces its expansion of North America sales and the launch of its international distribution of products.

Speciality Union Products liqueurs are manufactured by Louis Royer, located in Jarnac, France with over 155 years of experience as a distiller. The current liqueurs are blends of French vodka, cognac, and exotic fruit juices. Speciality's Intrigue brands are innovative, smooth tasting liqueurs, presented in attractive packaging and easily mixed with other drinks.

The Company's three Tequila products, which are produced in México, are packaged in elegantly designed transparent bottles and have had rave reviews since the product was introduced to the market.

In the past six years the Company has sold more than (70,000) seventy thousand cases of Intrigue brand products and is looking forward to the expansion into new markets for consumers to enjoy Speciality's premier liqueur and alcohol beverage products.

Speciality Union Products intends to market its brands through traditional distribution agreements with major alcohol beverage distributors throughout the world. Additionally the Company intends to promote its products through product placements in popular events, concerts, radio, nightclubs, restaurants, television programs, feature films and celebrity endorsements. Speciality intends to reach its goals by understanding and adapting to changing market trends in the alcohol beverage industry.

Utilizing the Company's self-importation business model, unlike most regional alcohol beverage companies, Speciality benefits from a reduction in its costs compared with similarly situated spirits companies. These cost savings per case may equate up to a 15% increase in the Company's average gross margin leading to greater gross revenues.

About Speciality Union Products PLC (BERLIN & FRANKFURT - SYMBOL: YSU)

Speciality Union Products are the authorized importer and marketer of the Intrigue brands and other liquors. Currently, Speciality is undergoing the process of growing its holdings and brands through a public trading Corporation in order to globally advance growth. The Company trades on the Open Market and is presently seeking to file its prospectus and advance up on the Deutsche Börse AG. Speciality Union Products introduced a blend of exotic spirits under the Intrigue brand all packaged in 750 ml, 375ml and 50ml bottles. Speciality Union Products is developing a number of new branded products that it plans to introduce to the market globally. Speciality Union also intends to continue to develop and market new products in addition to introducing vodkas, wines, cognac and prosecco. For more information, please visit www.specialityunionproducts.com or email info@specialityunionproducts.com.

Speciality Union Products PLC- Equity, ISIN GB00B4VKGR55, WKN A1CVFK, symbol: YSU
http://deutsche-boerse.com/dbag/dispatch/en/kir/gdb_navigation/home
http://www.boerse-berlin.com/index.php/Shares?isin=GB00B4VKGR55s
http://www.specialityunionproducts.com

Safe Harbor Statement

The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward - looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time.

Ms. Hannah Hartz
Tel: +44-208-133-6553
Email: info@specialityunionproducts.com 
Web: www.specialityunionproducts.com 

PR: Wedgewood Communications (Europe)
www.wedgewoodinc.com
info@wedgewoodinc.com

Fufeng Group Limited (HKG:0546) Announces 2011 Annual Results - Turnover Rose By 30.9% to Approximately RMB 8,399.2 Million

newsroom@abnnewswire.net — Wed, 21 Mar 2012 18:25:13 GMT

Fufeng Group Limited (HKG:0546), a leading biochemical products producer in China, today announces its audited annual results for the year ended 31 Dec 2011 ("Period under review").

In the Period under review, the Group enhanced the advantages of its economies of scale and market leadership, and diversified into high-value added products for future growth drivers. The Group accelerated the MSG industry consolidation and significantly expanded the business scale. Turnover, production and sales volumes and market share reached record high. Turnover rose by about 30.9% to approximately RMB 8,399.2 million. Due to the rapid growth in the raw material costs and production cost, gross margin decreased by about 6.3 percentage points to about 18.1%. Profit attributable to the shareholders decreased by about 37.5% to approximately RMB 604.1 million. Basic earnings per share were HK43.36 cents. The board of directors proposed a final dividend of HK3 cents per share, which together with the interim dividend per share of HK10 cents, bring the total dividend per share to HK13 cents for 2011.

As the world's largest producer and supplier of MSG and xanthan gum, the Group took advantage of its economies of scale and actively implemented competitive pricing strategies to expand market share. Although the strategy has weighed on the gross margin in the short term, it has reinforced the Group's market leadership for its future development as the MSG market became even more concentrated in some major producers. It is expected that the Group's pricing power will become stronger, reversing the trend of declining product prices and decreasing profits when the industry consolidation finishes.

Financial Highlights
-----------------------------------------------------------------------
For the year ended                    2011           2010
31 December                   (RMB million)  (RMB million)      Changes
-----------------------------------------------------------------------
Turnover                           8,399.2        6,416.4        +30.9%
-----------------------------------------------------------------------
Gross Profit                       1,519.7        1,565.1         -2.9%
-----------------------------------------------------------------------
Gross Profit Margin                  18.1%          24.4%    -6.3 ppts.
-----------------------------------------------------------------------
Profit Attributable to
the Shareholders                     604.1          966.1        -37.5%
-----------------------------------------------------------------------
Return on Equity                     17.7%          30.7%   -13.0 ppts.
-----------------------------------------------------------------------
Earnings per Share (Basic)
(HK cents)                           43.36          68.87        -37.0%
-----------------------------------------------------------------------
Earnings per Share (Diluted)
(HK cents)                           41.38          63.08        -34.4%
-----------------------------------------------------------------------
Dividend per Share for the year
(Included paid interim dividend
and proposed final dividend)(HK cents)  13             26        -50.0%
-----------------------------------------------------------------------

MSG segment

In 2011, the Group's sales volumes of MSG increased by about 25.0% to approximately 615,630 tonnes. Revenue of MSG rose by about 26.3% to approximately RMB4,915.4 million. The Group's market share expanded, reinforcing its status as a leading global MSG producer.

As the Hulunbeir Plant Phase 1 with an annual production capacity of 200,000 tonnes went on stream in the second half of 2011, the Group's annual MSG production capacity reached 750,000 tonnes by the end of 2011. It enhanced the economies of scale. On the other hand, the Group successfully established its own "U Fresh" brand series, through the extensive network of supermarkets and distribution networks in China. Besides, the Group diversified its MSG product range by launching compound seasoning products by the end of 2011. The Group's presence in the retail market became stronger.

In the Period under review, the MSG industry consolidation in China accelerated and the market became more concentrated. The Group strategically controlled the products' selling prices with an aim of speeding up the industry consolidation. As a result, the average selling price of MSG products did not rise. On the other hand, the rise in production cost depressed the gross margin. The Group expects that more inefficient production capacities will be supplanted as the industry consolidation is drawing to a close. Major industry players with competitive advantages will fill the void in the supply. Although the gross margin slid in the short term, the Group already strengthened its long-term leading market position to support its future development.

Xanthan gum segment

The Group's second largest business segment Xanthan Gum rapidly developed in the period under review. Sales volume increased by about 31.7% to approximately 45,867 tonnes, which exceeded the production and sales volume target of 40,000 tonnes for the year. Revenue rose by about 22.6% to approximately RMB 835.8 million. The xanthan gum export contributed to 88.5% of the total sales of the segment (2010: 86.4%).

The Group's production capacity and market share have been increasing since 2009. With the remarkably low-cost coal as its cost advantage, the production plant in Inner Mongolia was able to offset the impact of the decreasing average selling price to a certain extent. As the plant increased its production capacity, the Group's bargaining power in coal increased, helping lower the overall production cost.

As the global economy is recovering, the demand for xanthan gum from the oil and other industries grows. The Group expects that the demand for and sales volumes of xanthan gum will increase. The prices of the products have rebounded recently, reversing the trend of a price decline. The Group's competitive advantages and market leadership will become its growth drivers, boosting profitability.

Amino acid segment

As a new growth driver of the Group, the amino acid segment achieved many breakthroughs during the year. In 2010, the production plant in Inner Mongolia started threonine production with an annual production capacity of 10,000 tonnes. By 2011, the annual threonine production capacity of the Hulunbeir Plant swiftly increased to 30,000 tonnes. As of the end of the Period under review, threonine became one of the key products of the Group, whose total annual threonine production capacity reached 40,000 tonnes. The revenue and sales volumes of threonine increased to approximately RMB 109.0 million and approximately 8,979 tonnes respectively.

According to Fufeng's co-operative agreement with Ajinmoto of Japan in 2010, the Group's threonine products will be distributed through the sales and distribution networks of Ajinmoto starting from 2011. The move will enable the Group to expand market for threonine products by leveraging the well established sales and distribution networks of its partners.

Apart from threonine which is being produced for sale, the Group will use its fermentation technology to develop and produce other new biochemical products, including other high value-added amino acid products. The diversified product portfolio will help the Group seize more market opportunities and expand the markets for products of high gross margin.

Development strategy

Increase production capacity; consolidate leading market position of main products
As the world's largest MSG and xanthan gum producer and supplier, the Group will continue to expand its production capacity, leverage its economies of scale and leading market position of its major business of MSG and xanthan gum, and enhance overall efficiency, making the industry competition become more rational.

The target of the Group is to increase the domestic and global MSG market shares to over 40% and over 30% respectively in 2013. The Group has formed its production capacity layout in places with cost advantage of raw materials with the management team's vision and capability for execution, and will expand production capacity. As the Hulunbeir Plant Phase 2 will go on stream by the first half of 2012, the Group's annual production capacity will reach 1 million tonnes, strengthening the Group's leading position in the industry and market. The Group also met its mid-term strategy target set in 2009. The Group plans to increase its annual xanthan gum production capacity to 50,000 tonnes by 2012 to capture the opportunities in the rapidly growing market.

Develop new products and high value-added amino acid products
While developing the mainstay businesses, Fufeng Group will also explore the markets of amino acid products with high gross margin and step up efforts to develop new products. On top of current threonine products, the Group will launch other related products of high gross margin as the future growth drivers.

The Group will set up a new plant in Xinjiang to produce some high-end amino acid products. This will enable it to tap the rich coal resources of the place in order to develop high value-added amino acid products with cost advantage. The short-term goal of the Group is to become one of the world's top three producers and suppliers by market share in three to five such amino acid products. The development and production of these products will upgrade and diversify the Group's product mix, satisfying the various demands of the market. This is the Group's plan to extend its business scope from the production and sales of typical amino acid products for bulk trade to those of high value-added and high-end products.

The chairman of Fufeng Group, Mr. Li Xuechun said, "With the strengths and leading position built over a number of years, we will have a stronger advantage of economies of scale and pricing power after the MSG industry consolidation finishes, paving the way for its future development. The Group will continue to drive the growth of its mainstay businesses of MSG and xanthan gum with production capacity expansion, and at the same time, will develop high value-added and high profit-margin products to optimize its product mix and raise the overall efficiency. It will shift the focus of development from production capacity expansion to the enhancement of products quality and overall efficiency. It will enhance its economies of scale, continue to reinforce its leading position in the industry and diversify its product range to tap the huge demand generated by the improvement of the living standards and the rapid growth in the food industry. This would enable it to develop new markets, generating better returns for the shareholders."

Investor & Media Enquiries:
Mr. Eric Yip
Christensen
Tel: +852-21170861
Fax: +852-21170869
E-mail: eyip@ChristensenIR.com

Mr. Winston Yau
Christensen
Tel: +852-21170861
Fax: +852-21170869
E-mail: wyau@ChristensenIR.com

Asian Activities Report for January 12, 2012: Wuliangye (SHE:000858) Total Revenue in 2011 Topped the Chinese Liquor Industry

newsroom@abnnewswire.net — Thu, 12 Jan 2012 13:00:12 GMT

China's liquor maker Wuliangye (SHE:000858) says that the Group has topped the Chinese liquor industry by achieving a total revenue of RMB 20.2 billion in 2011. Its net profit and earnings per share both increased by over 40%. Sales is expected to continue to grow in 2012, targeting RMB 50 billion in 2012. In 2011, Wuliangye was in the third place among China's 100 Most Valuable Brands, with a brad value of RMB 58.626 billion. The Group is actively expanding overseas markets in Korea, Japan and the USA. It is currently working with Lotte Group of Korea to market its products into the Korean market.

Logitech International (NASDAQ:LOGI) has unveiled Logitech HD Pro 920, the Company's first video webcam that makes video calls at full HD resolution. Logitech HD Pro 920 can send 1,080p video streams during Skype chats and 720p through Windows Live Messenger, with smoother video motion and better image quality. The webcam can also capture digital still images of up to 15 megapixels in quality. Logitech HD Pro 920 is expected to hit the market in January, 2012.

Toyo Engineering Corporation (TYO:6330) has won a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system to be used in oilfield exploitation in Brazil. This is the twenty-eighth project to be executed by Toyo in Brazil. Toyo is striving to secure more overseas opportunities and to expand its business in the field of upstream activities such as resource development and FPSO.

NEC Corporation (TYO:6701) has announced the successful experimental demonstration of 1.15-Tb/s ultra-long haul optical transmission over 10,000 kilometers using optical superchannel technology. This is the first instance that a terabit/s channel generated from a single laser source has been transmitted over such a distance. The results clearly demonstrate that practical high-capacity transmission for transoceanic communication can be achieved using cost-effective superchannel technology.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Treasury Wine Estates Limited (ASX:TWE) Announces Senior Leadership Appointments

newsroom@abnnewswire.net — Wed, 11 Jan 2012 15:25:59 GMT

Further to the announcement of a new global organisational structure, Treasury Wine Estates Limited (ASX:TWE) is pleased to announce two key appointments to the Executive Leadership Team. These roles will report directly to Treasury Wine Estates CEO, David Dearie.

Effective immediately, Chris Flaherty has been promoted to Managing Director of the Australia / New Zealand (ANZ) Regional Business Unit (RBU).

Chris has more than 20 years experience in the liquor industry, working in sales, strategy and business development roles across Australia and internationally. Chris built much of his career at Diageo (LON:DGE) (NYSE:DEO) undertaking a range of leadership positions across the globe. Chris joined Treasury Wine Estates in November 2010.

In his most recent role as Sales Director Australia & New Zealand for Treasury Wine Estates, Chris has focused on accelerating strategic account management principles and driving strong partnerships via longer term solutions for Treasury Wine Estates and its customers.

Sandra LeDrew has been appointed to the role of Managing Director of the Americas RBU. Sandra brings more than 20 years of experience in senior leadership and sales roles in the wine and spirits industry. Her most recent position was President of Diageo's Catalyst Business Unit and immediately prior served as Diageo Chateau & Estates' President of Wine Sales for the United States market.

Sandra will commence in her new role in March 2012.

Treasury Wine Estates CEO, David Dearie said:

"In these critical roles leading our two largest regions, Chris and Sandra will ultimately be responsible for delivering profitable growth in these markets and leading their teams to deliver flawless execution of our plans. Their appointments further round out our executive team and bring a terrific combination of leadership, experience, and commitment to driving results. I look forward to working with them in our pursuit to be recognised as the world's most successful and celebrated wine company."

"Our new global structure places equal emphasis on our brands, supply and the regions in which we operate and it will allow us to pursue growth opportunities that optimise the returns for our business as a whole."

Media 
Sue Rana 
Corporate Communications Manager 
Tel: +61-8-8301-5880 
Mob: +61-427-849-933 

Investors
Ian Betts
Investor Relations Manager
Tel: +61-3-8626-2273
Mob: +61-400-532-466

Asian Activities Report for January 9, 2012: Little Sheep Group (HKG:0968) Shareholders Approved Yum! Brands (NYSE:YUM) Takeover Offer

newsroom@abnnewswire.net — Mon, 9 Jan 2012 13:00:25 GMT

Little Sheep Group Limited (HKG:0968) says that its shareholders have approved the proposed acquisition of Little Sheep Group by Yum! Brands, Inc. (NYSE:YUM), the US-based fast food company which owns KFC and Pizza Hut. Regulatory approvals from the Chinese authorities have also been granted. The acquisition of Little Sheep, in which Yum already owns nearly 30%, will further boost Yum's presence in China.

Sinopec Kantons Holdings Limited (HKG:0934) has signed agreements to acquire 50% interest in Fujairah Oil Terminal ("FOT") in the United Arab Emirates from Concord HK. FOT will principally engage in operating oil storage facilities in the United Arab Emirates and will develop an oil storage project with a capacity of 1,125,000 cubic metres in the United Arab Emirates.

Hitachi, Ltd (NYSE:HIT) (TYO:6510) says that it expects to close the transaction of transferring its hard disk drive business to Western Digital Corporation (NYSE:WDC) by March 2012, subject to the completion of obtaining approvals from European Commission and other regulatory authorities. On March 7, 2011, Western Digital Corporation agreed to buy Hitachi Global Storage Technologies, the hard drive and storage business owned by Hitachi for approximately US$4.3 billion.

Japanese software developer Celartem Technology Inc. (JASDAQ:4330) has signed a contract to participate in a smart micro grid project at the Beijing New Energy Industry Base. The total investment for the project is estimated at 124.88 million RMB.

Takeda Pharmaceutical Company Limited (TYO:4502) says that it will work with Osaka University to develop a platform for practical application and commercialization of nano-particle vaccines. Takeda launched the Vaccine Business Division on January 1, 2012, aiming to expand its vaccine business outside of Japan. The collaboration with Osaka University as part of Takeda's vaccine strategy, will contribute further to the development of innovative technology in the vaccine industry

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for December 6, 2011: DunAn (SHE:002011) Won Greatest Growth Potential Award in China

newsroom@abnnewswire.net — Tue, 6 Dec 2011 12:00:23 GMT

DunAn (SHE:002011) has recently won the Greatest Growth Potential Award at the 2011 Reputation List of China Listed Companies event in China. Founded in 1987, the China-based company is a market leader in the manufacturing and sales of general refrigeration equipment and accessories. In recent years, DunAn has expanded its business to renewable energy, new material development and other areas. The Company successfully raised 966 million yuan through private placement last month to fund its projects in renewable energy system development, and nuclear power station heating, ventilation, and air conditioning integration.

Honghua Group Limited (HKG:0196) says that its wholly-owned subsidiary Sichuan Honghua Petroleum Equipment Corporation Ltd. will form a joint venture company with Gansu Huateng Petroleum Machinery Manufacturing Co., Ltd.. Sichuan Honghua will purchase some assets from Gansu Huateng for RMB 39 million, and own 70% of the equity interest in the joint venture, with the rest 30% to be owned by Gansu Huateng. The joint venture company will be principally engaged in manufacturing and marketing of special vehicles, fabrication and marketing of pressure pumps, oil exploration and production, mining and metallurgy, and other business.

Seven Bank, Ltd. (JSD:8410), an Osaka Securities Exchange listed company, has received approval to list its shares on the Tokyo Stock Exchange on Monday, December 26, 2011. Seven Bank is a subsidiary of Seven & I Holdings Co. (TYO:3382), with its core business in ATM operations. The Bank has started to install third-generation ATMs in the fiscal year 2011, and as of the end of February 2011, it had 15,356 installed ATMs. The Bank's net income in the fiscal year ended March 31, 2011 was 16,008 million yen.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for December 2, 2011: Panasonic (TYO:6752) to Launch a New Residential Power Storage System in Japan

newsroom@abnnewswire.net — Fri, 2 Dec 2011 12:01:43 GMT

Panasonic Electric Works, a Panasonic Group (TYO:6752) company, is to launch a new residential power storage system in late December in Japan. The system, if linked to a solar power generation system, can store power in batteries and provide back-up electricity when a power failure occurs. The price of the system is set to be 459,900 yen.

Treasury Wine Estates Limited (ASX:TWE) has appointed Michelle Terry as Managing Director Lindeman's. The appointment represents a significant step as the Company is moving towards a new global organisation structure, targeting important markets such as China. The Company launched the luxury Special Bin 620 under one of its most loved and respected wine labels Penfolds last month in Shanghai.

Algae.Tec Limited (ASX:AEB) will build its first algae to biofuels production facility in Asia. To be located in Sri Lanka, the facility will utilise Algae.Tec's advanced technology to grow algae on an industrial scale and to produce biofuels that replace fossil fuels for transportation use.

Haranga Resources Limited (ASX:HAR) says today that drilling at the Bayantsogt Prospect within the Selenge Iron Ore Project in Mongolia has intersected significant widths of iron mineralisation. Five major iron lodes have been identified, each averaging approximately 20 metres, and up to 103 metres, in width. The Company is targeting the release of a maiden JORC resource for Bayantsogt by March 2012.

Corazon Mining Limited (ASX:CZN) announces that results from the latest phase of drilling at the Lynn Lake Nickel Sulphide Project in Canada have defined further significant nickel-copper mineralisation. Mineralisation remains open at depth and to the south. The Company will continue drilling to determine the size and extent of the mineralisation.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for December 1, 2011: Asahi Group (TYO:2502) to Acquire Australian Bottled Water Company Mountain H2O Pty Ltd

newsroom@abnnewswire.net — Thu, 1 Dec 2011 12:00:36 GMT

Asahi Group Holdings Ltd (TYO:2502) has conditionally agreed to acquire Mountain H2O Pty Ltd, a bottled water company in Australia that produces high quality spring water. The acquisition will allow Asahi to secure a stable supply of spring water in the growing bottled water market in Australia, to provide high quality spring water products, and to accelerate its Australian beverages business.

China Longyuan Power Group Corporation Limited (HKG:0916) has received governmental approval for the 49.5 megawatt Shaanxi Qingling Guanritai Wind Power Project, to be located in Feng County, Baoji City, Shaanxi Province, China. China Longyuan Power Group Corporation Limited is one of the pioneers in China that are engaged in the exploration of new energy resources. Its main focus is on the design, development, construction, management and operation of wind farms.

Virgin Blue Holdings Limited (ASX:VBA) and Singapore Airlines (SIN:C6L) have received approval from the Australian Competition and Consumer Commission to form an integrated network aviation alliance. Under the alliance, the airlines will cooperate on all aspects of their Australia-Singapore services and any international and domestic connecting routes, including joint pricing and scheduling and joint marketing and sales.

Nufarm Limited (ASX:NUF) has completed the acquisition of Seeds 2000, Inc., an American sunflower seed research and production company with an annual revenue of around US$20 million. This acquisition is expected to further enhance Nufarm's global presence. The Company currently conducts development and sales activities in the USA, Canada, China, Argentina, and a number of European markets.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Fufeng Group Limited (HKG:0546) Chairman Continues to Purchase Fufeng Shares with Confidence in Company Prospects

newsroom@abnnewswire.net — Fri, 26 Aug 2011 12:51:23 GMT

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

Fufeng Group (HKG:0546) Chairman and General Manager Bought Six Million Shares in Fufeng

newsroom@abnnewswire.net — Mon, 22 Aug 2011 13:42:03 GMT

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."

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