Hanfeng Evergreen Inc.
TSX : HF

Hanfeng Evergreen Inc.

January 23, 2008 08:30 ET

Hanfeng and Dr. Yuan Longping Demostrate the Benefits of SCU at International Symposium in China

TORONTO, ONTARIO--(Marketwire - Jan. 23, 2008) - Hanfeng Evergreen Inc. ("Hanfeng" or the "Company") (TSX:HF) today announced the successful completion of the 7th International Symposium on the Eco-Industry & Sustainable Development. Dr. Yuan Longping, recognized internationally as the "father of hybrid rice", hosted the two-day event. The symposium focused primarily on the subject of increased crop yield with reduced nitrogen consumption, and presented the results of more than two years of field trials in 20 provinces in China using Hanfeng's Sulfur Coated Urea (SCU) and Dr. Yuan's hybrid rice.

The symposium was well attended by numerous members of China's agriculture industry including delegates from the Ministry of Agriculture of the People's Republic of China, top scientists from various Chinese universities and institutes, representatives from China's Agriculture technology promotion department, large-scale fertilizer producers, and media. Dr. Jim Beaton, Honorary Professor of the Chinese Academy of Agricultural Sciences and former President of the Potash & Phosphate Institute of Canada (Saskatoon, SK) and Senior Vice President of the Potash & Phosphate Institute, (Norcross, GA), as well as representatives from Agrium Inc. presented at the symposium.

Dr. Yuan Longping announced the results of the field trials, which demonstrated that SCU, used in numerous regions, in varying soil conditions, and with various types of hybrid rice, generated higher crop yields while using less nitrogen. In many cases, the utilization rate of the nitrogen increased from 30 percent to 50 percent, significantly reducing the nitrogen requirement. Moreover, the field trials proved that SCU eliminates the need for multiple fertilizations, reduces the incidence of disease, and enhances the quality of the rice crop. In addition, Hanfeng's improvements to the SCU coating technology successfully solved the floating issue related to SCU's application on rice production, providing a higher nutrient level in the later growing stages of the rice. All industry experts that reviewed the results unanimously agreed that the use of SCU should be promoted for all crops throughout China due to its effectiveness, efficiency, and affordability.

Mr. Gao Xiangzhao, Director of the Soil & Fertilizer Technology Division of the Ministry of Agriculture of the Peoples Republic of China, stated, "We devote a great deal of attention to the China fertilizer producers because our main responsibility is to ensure the highest standards for fertilizer and soil testing. Hanfeng is the first case in China where a producer began field trials at the same time they introduced an advancement in fertilizer technology to the industry. Their approach, and their product, is exactly what the China government wants to promote; the effective use of technology to increase crop yield, improve the environment and reduce energy consumption."

During his address, Dr. Yuan stated that "The demands on China's agriculture industry are large and crop yield is crucial to the country's economics and population. Hanfeng recognized the need to improve crop efficiency and was the first to introduce the slow release fertilizer concept in China. Through our field trials, we have demonstrated that the use of slow release fertilizers, like Hanfeng's SCU, will greatly assist the agriculture sector in meeting those demands." Dr. Yuan concluded the symposium by writing the following inscription: "Promote Hanfeng Slow Release Fertilizer, Increase Hybrid Rice Yield and Efficiency."

"We are honored by Dr. Yuan's praise for our products and for being his choice as partner for the field trials," stated Mr. Yu Xinduo, Hanfeng's President and CEO. "This milestone places Hanfeng at the forefront of an evolution in the agricultural sector in China and our leading technologies, such as sulfur coated single nutrient fertilizer (SCU), sulfur coated compound fertilizer (SCF), and tower granulation combined with MU/UF technology, all focusing on the China agriculture market, have all obtained successful field trial results in China. The results demonstrated at this symposium will greatly aide us in expanding demand for Hanfeng products throughout China."

Hanfeng intends to publish the results of the field trails with Dr. Yuan Longping and report of the symposium in China. A summary version of the report will be available on the website once completed.

About Dr. Yuan Longping

Dr. Yuan Longping, China's most famous "farmer", produced a commercial hybrid rice variety called Nan-you No. 2 in 1974, which dramatically increased crop yield, and is credited with helping feed millions more people per year in China alone. Dr. Yuan's hybrid-bred rice varieties are reported to account for approximately half of China's rice production, and he has spent the last thirty years teaching his techniques to thousands of scientists and researchers in more than 25 countries in Asia, Africa and the Americas. Dr. Yuan is the 2004 recipient of the World Food Prize, the 2001 Magsaysay Award, China's State Supreme Science and Technology Award (often referred to as the "Nobel Prize of China"), the UN FAO Medal of Honor for Food Security, and the 2004 Wolf Prize in Agriculture. In 2007, he was honored by the National Academy of Sciences (NAS) in the United States for outstanding achievements in his field.

About Hanfeng Evergreen Inc.

Hanfeng is the largest producer of slow and controlled release fertilizers in China. It was the first company to introduce the concept of slow and controlled release fertilizers into China's agriculture market with its establishment of the first commercial scale slow-release fertilizer production in China. All production facilities are located in prime agricultural regions of China. The Company is headquartered in Toronto, Ontario and its shares trade on the Toronto Stock Exchange. For more information, please visit: www.hanfengevergreen.com.

This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about Hanfeng's business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada.

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