Hanfeng Evergreen Inc.

Hanfeng Evergreen Inc.

March 09, 2009 08:00 ET

Hanfeng Receives Approval to Change Fiscal Year-End

TORONTO, ONTARIO--(Marketwire - March 9, 2009) - Hanfeng Evergreen Inc. (Hanfeng) (TSX:HF), announced that it has received approval from the Canada Revenue Agency to change its fiscal year-end from December 31 to June 30, effective from June 30, 2009. With the change occurring this year, the Company will be required to file audited financial statements and MD&A for the transitional six-month period ending June 30, 2009. The primary reasons for the change of year-end are that the Chinese New Year falls in the middle of the current audit process, and the focus of the Company during late January and early February is on building inventory before the spring delivery season.

About Hanfeng Evergreen Inc.

Hanfeng is a leading provider of slow and controlled release fertilizers to blenders, the agriculture market and the urban greening market. Hanfeng was the first 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.

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