FUQI International Delays the Release of 2009 Financial Statements

FUQI International, Inc. (Nasdaq: FUQI) today announces that it has received a letter from its independent registered public accounting firm, Marcum LLP pursuant to Section 10A(b)(2) of the Securities Exchange Act of 1934, as amended, regarding an internal investigation conducted at the request of the Company's Audit Committee relating to certain cash transfer transactions involving the Company.

The completion of the audit of the Company's 2009 financial statement has been delayed due to the internal investigation into the cash transfer transactions.