SOURCE: FuWei Films

September 16, 2010 17:00 ET

Fuwei Films Announces Adjournment of Annual General Meeting to September 23, 2010

BEIJING--(Marketwire - September 16, 2010) -  Fuwei Films (Holdings) Co. Limited (NASDAQ: FFHL), a manufacturer and distributor of high-quality BOPET plastic film located in China, today announced that its 2010 Annual General Meeting ("AGM") of shareholders, originally scheduled to be held on September 16, 2010 at 9:00 a.m. (EDT) was adjourned this morning for lack of a quorum in accordance with the Company's Articles of Incorporation.

The AGM was adjourned to provide the Company with additional time to solicit proxies from its shareholders to establish the requisite quorum for the conduct of business at the AGM. During the pendency of the adjourned meeting, shareholders are encouraged to vote on the matters to be considered at the AGM. Shareholders may also change their vote by executing a new proxy.

The AGM has been adjourned to September 23, 2010 9:00a.m. (EDT) at 825 Third Avenue, 18th Floor, New York, New York 10022. Holders of record of ordinary shares of the Company at the close of business on July 30, 2010 are entitled to receive notice of and attend the adjourned meeting. Beneficial owners of the Company's ordinary shares are welcome to attend the adjourned meeting in person.

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.

For more information about the Company, please visit the Company's website at http://www.fuweiholdings.com.

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. 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.

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