Hanfeng Evergreen Inc.
TSX : HF

Hanfeng Evergreen Inc.

July 10, 2008 08:32 ET

Hanfeng Selected to Establish National Standard in China for UF Slow Release Fertilizer

TORONTO, ONTARIO--(Marketwire - July 10, 2008) - Hanfeng Evergreen Inc. (TSX:HF) ("Hanfeng" or the "Company"), a leading producer of slow and controlled release fertilizers in China, announced today that it has been selected by the China Petroleum and Chemical Industry Association to participate in establishing the national standard for Urea Formaldehyde Slow Release Fertilizer (UF) and related UF products. Hanfeng will work with the China Fertilizer Quality Supervision and Inspection Center and the National Fertilizer & Soil Conditioner Standard Committee to complete the project in 2009. This is the second time Hanfeng has been selected to assist in establishing the national standard for a slow release fertilizer in China.

"Hanfeng was selected because of their success in establishing the national standard for Sulfur Coated Urea and associated products in 2007," stated Gang Lui, Director of the National Center for Quality Supervision and Testing of Chemical Fertilizers (Shanghai). "As an established UF producer, their experience with the product and their reputation for quality and consistency will serve us well in defining a standard that guarantees that only the best UF fertilizer products are available for use in China."

UF's slow release properties are produced by the chemical reaction between urea and formaldehyde, rather than using a coating material, which allows it be produced in smaller sizes and with more precise releasing periods. Its characteristics make UF customizable depending on customer needs and has gained acceptance in both the agricultural and urban greening markets in China and internationally. Hanfeng's R&D group has filed for patent protection on its own UF production process, as well as its UF tower granulation process, which significantly reduces production costs.

"We are very pleased to be asked to work on a national level once again to establish a fertilizer standard in China," stated Xinduo Yu, President and CEO of Hanfeng. "Hanfeng's mission is to produce the highest quality slow release fertilizers in order to provide our customers with a variety of high efficiency, environmentally friendly products."

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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