Fuwei Films Receives Nasdaq Delisting Letter and Announces Appeal

Fuwei Films Co., Ltd. FFHL today announced that the Company received a letter dated April 13, 2011 from The Nasdaq Stock Market indicating that the Company's ordinary shares are subject to delisting based on the determination by NASDAQ that continued listing is no longer warranted under NASDAQ Rule 5101 and would be inconsistent with the public interest. This decision was based principally upon the fact that the Company's three controlling shareholders were convicted of crimes in the People's Republic of China several years ago and the timing of the confiscation of their shares by the PRC government is uncertain.