FFHL Fuwei Films Holdings Company Ltd

Fuwei Hopes to Further Penetrate a Key Market for BOPET Film BEIJING, Oct. 25 /Xinhua-PRNewswire-FirstCall/ -- Fuwei Films (Holdings) Co. Limited (NASDAQ:FFHL), China's leading manufacturer and distributor of high-quality BOPET plastic film (the "Company"), has opened a marketing office in Osaka, Japan, to focus on market expansion and customer service for BOPET film in Japan. The Company first developed sales to the Japanese market in 2005 by forming a cooperative relationship with Japan's Itochu Shanghai Ltd. After two years of studying the growth in the Japanese market for BOPET film, the Company has decided to establish a marketing office to further penetrate the market there. Japanese customers require top-notch quality for BOPET film products. As a result, average prices for BOPET film are 10%-15% higher than those the Chinese market. In addition, Japanese customers demand world-class customer support. By establishing an office in Japan, the Company aims to increase sales and achieve higher recognition of its branded film in this key market. About Fuwei Films Fuwei Films conducts its business through its wholly owned subsidiary Shandong Fuwei Films Co., Ltd. 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. Safe Harbor 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 and are subject to risks. 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 some of which are 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. 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. Actual results of our operations may differ materially from information contained in the forward-looking statements as a result of the risk factors. For further information, please contact: In China: Christina He Investor Relations Tel: +86-10-8518-5620 Email: In the U.S.: Leslie Wolf-Creutzfeldt Investor Relations The Global Consulting Group Tel: +1-646-284-9472 Email: Stacy Dimakakos Media Relations The Global Consulting Group Tel: +1-646-284-9417 Email: DATASOURCE: Fuwei Films (Holdings) Co. Limited CONTACT: In China, Christina He, Investor Relations of Fuwei, +86-10- 8518-5620, or ; or in the U.S., Leslie Wolf-Creutzfeldt, Investor Relations, +1-646-284-9472, or , or Stacy Dimakakos, Media Relations, +1-646-284-9417, or , both of The Global Consulting Group, for Fuwei

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