Fuwei Films Recertified as National High-Tech Enterprise in PRC

Fuwei Films Co., Ltd. (NASDAQ: FFHL) today announced that its wholly-owned subsidiary, Fuwei Films (Shandong) Co., Ltd. has received a renewed certification as a high-tech enterprise in China, following its original designation as a national high-tech enterprise in 2008.

According to the notice issued by Department of Science & Technology of Shandong Province on January 30, 2012, Shandong Fuwei will retain its status as a high-tech enterprise for three years commencing from 2011, and will enjoy a favorable corporate tax rate during the term from January 1, 2011 to December 31, 2013 of 15%. Meanwhile, according to the PRC tax law, the corporate income tax rate is 25%.