omniture

Fuwei Films Announces New Senior Management Appointments

2007-04-18 10:46 1852


BEIJING, April 17 /Xinhua-PRNewswire-FirstCall/ -- Fuwei Films (Holdings)

Co., Ltd. (Nasdaq: FFHL) ("Fuwei Films" or the " Company") announced the

appointments of Ms. Cindy Lu and Dr. Zhibing Qian as Senior Vice Presidents.

Xiaoan He, CEO and Chairman of Fuwei Films stated that, "We are pleased to

have new members join our management team. Ms. Lu will take full charge of

investor relations, investment and financing, as well as Sarbanes-Oxley

compliance while Dr. Qian will be responsible for operations and business

development.

Mr. He also announced that on May 16, 2007, the management will present at

Roth Capital Partners' China Discovery Tour held at the Portman Ritz Carlton

Hotel in Shanghai. Ms. Lu will be the speaker on behalf of the Company at this

conference.

Background of Ms. Cindy Lu

Ms. Lu obtained her MBA in 1996 from Southeastern University, Washington

DC. Prior to joining the Company, Ms. Lu has worked for Sargent & Lundy LLP

(Chicago), GE Capital Asia Pacific, and Tiens Biotech Group (USA). Ms. Lu

holds considerable expertise in equity finance, corporate finance, mergers and

acquisitions, and corporate risk management. During her tenure at Tiens

Biotech Group (USA) as Corporate Secretary, she led the company in their

successful upgrade listing to the American Stock Exchange and provided key

leadership in the areas of financing, investor and public relations, SEC

compliance, and accounting.

Background of Dr. Zhibing Qian

Dr. Qian received his Maters and Doctorate Degrees from University of

Idaho where he attended from 1990 to 1995. Prior to joining the Company, Dr.

Qian worked at several state owned and joint venture companies in China. From

2003 to early 2007, Dr. Qian served as the board member and general manager in

Beijing Capital Jingdian Technologies Co., Ltd. He was also employed as

general manager in another two high-tech companies in China. Dr. Qian has

substantial experience in corporate management and operations, management by

objectives, research and development, manufacturing, and marketing in rubber

industry.

About Fuwei Films:

Fuwei Films conducts its business through its wholly owned subsidiary

Shandong Fuwei Films Co., Ltd. ("Shandong Fuwei"). Shandong Fuwei develops,

manufactures and distributes high quality plastic films using the biaxial

oriented stretch technique, otherwise known as BOPET film (biaxially oriented

polyethylene terephthalate). Fuwei's BOPET film is widely used to package

food, medicine, cosmetics, tobacco and alcohol, as well as in the imaging,

electronics, and magnetic products industries.

For more information about the Company, please visit the Company's website

at http://en.fuweifilms.com or http://www.fuweifilms.com or review the

Company's annual report and other documents for free at www.sec.gov.

This press release contains information that constitutes forward-looking

statements made pursuant to the safe harbor provisions of the Private

Securities Litigation Reform Act of 1995. Any such forward-looking statements

involve risk and uncertainties that could cause actual results to differ

materially from any future results described by the forward-looking

statements. Risk factors that could contribute to such differences include

those matters more fully disclosed in the Company's reports filed with the

Securities and Exchange Commission. The forward-looking information provided

herein represents the Company's estimates as of the date of the press release,

and subsequent events and developments may cause the Company's estimates to

change. The Company specifically disclaims any obligation to update the

forward-looking information in the future. Therefore, this forward-looking

information should not be relied upon as representing the Company's estimates

of its future financial performance as of any date subsequent to the date of

this press release.

The forward-looking statements included in this press release are subject

to risks, uncertainties and assumptions about our businesses and business

environments. These statements reflect our current views with respect to

future events and are not a guarantee of future performance. Actual results of

our operations may differ materially from information contained in the

forward-looking statements as a result of risk factors some of which are

include, among other things, competition in the BOPET film industry; growth

of, and risks inherent in, the BOPET film industry in China; uncertainty as to

future profitability and our ability to obtain adequate financing for our

planned capital expenditure requirements; uncertainty as to our ability to

continuously develop new BOPET film products and keep up with changes in BOPET

film technology; risks associated with possible defects and errors in our

products; uncertainty as to our ability to protect and enforce our

intellectual property rights; uncertainty as to our ability to attract and

retain qualified executives and personnel; and uncertainty in acquiring raw

materials on time and on acceptable terms, particularly in view of the

volatility in the prices of petroleum products in recent years.

Contact:

Investor Relations

Robert Schechter

Corporate Insights/Equity Communications

Tel: +1-646-234-3624

Email: rschechter@corp-insights.com

Investor Relations

Yan Young

Fuwei Films (Holdings) Co., Ltd.

Tel: +86-10-8518-5620

Email: fuweiIR@fuweifilms.com

Source: Fuwei Films
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