Chairman Increases Stakes in Fufeng to Cast Vote of Confidence

HONG KONG, June 24, 2011 /PRNewswire-Asia/ -- Fufeng Group Limited ("Fufeng" or "the Company", together with its subsidiaries collectively known as "the Group"; HKEx stock code: 546), 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 has increased his position in Fufeng to cast his vote of confidence towards the Group's business development and prospects.

Mr. Li Xuechun has purchased an additional 2 million shares at an average price of HK$4.628 per share on 20-22 June 2011, with total consideration of approximately HK$9.256 million. Effective equity interest of Mr. Li has increased to 46.08% from 45.96%.

Commenting on the increase in equity stake, Mr. Li Xuechun said, "The management team and I, as the Chairman, are very confident of the development of the Group, and we are committed to becoming the world's leading corn-based biochemical supplier to maximize returns for our shareholders and investors."

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