Hanfeng Evergreen Inc.
TSX : HF

Hanfeng Evergreen Inc.

September 14, 2007 07:00 ET

Hanfeng's Fertilizer Sets Industry Standards in China

TORONTO, ONTARIO--(Marketwire - Sept. 14, 2007) - Hanfeng Evergreen Inc. (TSX:HF) ("Hanfeng" or the "Company"), a leading provider of slow and controlled release fertilizers in China, announced today that China's National Products Standard Committee (the "Committee") has formally and unanimously approved the Chemical Industry Standards for Sulfur Coated Urea ("SCU"), as well as the standards for blended fertilizers where SCU is used. This has significantly elevated Hanfeng's position in the industry as Hanfeng has not only built and operated the first commercial scale SCU plant in China, but is also the only SCU producer that assisted the Committee in establishing the country's standards to regulate the largest fertilizer industry in the world.

The standards were drafted by Hanfeng and endorsed by the National Quality Supervision & Test Center of Chemical Fertilizer after a two-year collaboration. During that period, Hanfeng conducted numerous tests and extensive field trials, including a cooperative program with the National Hybrid Rice R&D Center, led by Dr. Yuan Longping. In addition, the Company reviewed numerous third party reports and test results, which enabled Hanfeng to improve the SCU technology and production process and adapt the product to the environment and conditions in China.

The standards control technical specifications include the amount of nitrogen and sulfur contained in SCU, as well as the dissolution criteria to address its slow-release characteristics. Members of the Committee, representatives from all fertilizer quality inspection bureaus throughout China, and major industry representatives unanimously approved the standards at the meeting held in Shanghai earlier this week.

"The government of China is determined to establish and monitor fertilizer standards for the country in order to support best practices, encourage the production of quality SCU products, and most importantly, to protect Chinese farmers," stated Mr. Liu Gang, Chief Director of the National Quality Supervision & Test Center of Chemical Fertilizer. "Hanfeng has been instrumental in providing both the data, and the product which is the model for these standards."

SCU is one of the most used slow-release fertilizers worldwide. However it is relatively new in China, especially to its agricultural market, which consumes over 50 million tonnes of conventional nitrogen fertilizers annually. In 2006, Hanfeng completed the first SCU production facility in China. Hanfeng's field trials have demonstrated that SCU offers numerous benefits over conventional fertilizers, including significantly improved yield and efficiency, crop quality and soil condition, lower overall cost, energy savings, and decreased nitrogen pollution to the environment. In establishing its low-cost, high quality SCU, Hanfeng has been extremely successfully in penetrating China's vast agricultural market.

"We are honored to have been a part of this very important process," stated Xinduo Yu, President and CEO of Hanfeng. "The use of slow release fertilizers like SCU, address numerous issues faced by China's agricultural industry. Inevitably more and more companies are attracted by our quality products and proven technology. This should provide a significant opportunity for us to further expand throughout China."

Besides its existing SCU plant in China, Hanfeng has announced a joint venture SCU plant in Shanxi with the Fengxi Fertilizer Company, which is expected to be operational by April 2008. Through the joint venture, Hanfeng expands its reach into a new agriculture region, while providing its joint venture partner an immediate upgrade of its conventional fertilizers. Hanfeng is also in discussion with other players in China for potential expansion.

As a leading producer and supplier, Hanfeng also produces a variety of slow and controlled release fertilizers, such as SCU, blended, homogeneous compound NPK (nitrogen, phosphate, potassium) granules, Urea Formaldehyde, Methylene Urea, and other coated products.

About Hanfeng Evergreen Inc.

Hanfeng is a leading provider of slow and controlled release fertilizes 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.

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, available at www.sedar.com.

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