Hanfeng Evergreen Inc.
TSX : HF

Hanfeng Evergreen Inc.

March 03, 2010 08:30 ET

Hanfeng Helps Establish Chemical Industry Standard for Urea Formaldehyde Slow Release Fertilizer in China

TORONTO, ONTARIO--(Marketwire - March 3, 2010) - Hanfeng Evergreen Inc. ("Hanfeng" or the "Company") (TSX:HF), a leading producer of slow and controlled release fertilizers in China, announced today that the Chemical Industry Standard for Urea Formaldehyde Slow Release Fertilizer (UF) and related UF products jointly drafted by Hanfeng and the National Center for Quality Supervision and Testing of Chemical Fertilizers was unanimously approved. This standard will provide enforceable guidelines for the production of UF slow release fertilizer in China.

"Slow release nitrogen has always been a leading product in the urban greening and high end crop fertilizer market due to its high efficiency, reduced emission, and environmental friendly characteristics, and is now gaining market share in the vast agricultural market in China. As the largest slow and controlled release fertilizer producer in China, Hanfeng played an important role in the establishment of the chemical industry standard for UF. We are very thankful to have Hanfeng as a part of this important agenda," stated Gang Liu, Director of the National Center for Quality Supervision and Testing of Chemical Fertilizers (NCQSTCF).

China is the largest fertilizer producer and consumer worldwide with an estimated 60 million tonnes of nutrients consumed annually. On average, compound fertilizer (nitrogen, phosphate, potash, or "NPK") consumption in China is about 30 million tonnes annually and continues to grow year over year. As a controlled release source for nitrogen based fertilizer like NPK, UF plays a significant role as it inhibits the rate of nitrogen release based on soil temperature.

"We are honored to be selected once again to establish the chemical industry standard for slow release fertilizers," said Xinduo Yu, President and Chief Executive Officer of Hanfeng, "Hanfeng has been focusing on producing low carbon and environmental friendly slow and controlled release fertilizer, and our efforts has been recognized by the government and the industry. Agriculture is crucial to China's future development, and it is our goal to continue to aid in the advancement of agricultural technology, profit, and efficiency by providing high quality products and working with China's government to establishing standards that help regulate this important sector."

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 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. 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. All amounts are stated in Canadian dollars except for noted otherwise.

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