Hanfeng Evergreen Inc.

Hanfeng Evergreen Inc.

September 08, 2009 13:32 ET

Hanfeng Evergreen Appoints Paul Begin as Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2009) - Hanfeng Evergreen Inc. (Hanfeng) (TSX:HF), a leading provider of slow and controlled release fertilizers in China, today announced the appointment of Paul Begin as Chief Financial Officer. Mr. Begin assumes the position most recently held by Madeline Yu, who is on extended leave from Hanfeng.

Mr. Begin joins Hanfeng with more than 10 years of executive management experience. He has served most recently as Vice President and Chief Financial Officer of Trilliant Incorporated ("Trilliant"), a leading Concord, Ontario based technology and service company providing network solutions and advance metering infrastructure, for the clean tech/smart grid, and energy service markets. While there, he led a team that successfully identified and executed multiple highly accretive acquisitions, raised growth capital through the debt and equity markets, as well as assisting the board and senior management with the development and execution of Trilliant's business plan and strategies.

Previously, Mr. Begin served as Corporate Controller of MDC Partners Inc., a TSX and NASDAQ listed company which grew consolidated annual sales to over $1 billion and its employee base to over 5,300 during his tenure. Mr. Begin began his career at BDO Dunwoody, LLP. He is a Chartered Accountant with an honours degree in political science from the University of Western Ontario, and a Masters of Business Administration degree from the University of Toronto.

"I am delighted to have Paul join our team," said Xinduo Yu, President and Chief Executive Officer of Hanfeng. "His management skills, combined with his capital market and transaction experience, will serve us well as Hanfeng pursues its objective of expanding through mergers, acquisitions and joint-ventures in China and internationally."

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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