Fushi Copperweld Gives Update on Green Dynasty Merger

Fushi Copperweld, Inc.

, today issued the following update with respect to the Agreement and Plan of Merger, dated as of June 28, 2012, among the Company, Green Dynasty Limited ("Green Dynasty"), Green Dynasty Acquisition, Inc. ("Merger Sub"), and Green Dynasty Holdings Limited, pursuant to which Merger Sub will merge with and into the Company and the Company will continue as the surviving corporation and will be a wholly-owned subsidiary of Green Dynasty (the "Merger"): "We expect to complete the Merger today, December 26, 2012.  We are requesting that shares of the Company common stock cease trading on NASDAQ immediately prior to the opening of the market on December 27, 2012.  We anticipate that the paying agent for the Merger will commence payment of the Merger consideration to stockholders beginning on December 27, 2012.  Stockholders of record who hold shares in certificated form will receive a letter of transmittal to allow them to deliver their share certificates to the paying agent in exchange for the Merger consideration.  Stockholders who hold shares through a bank or broker will not have to take any action to receive cash for their shares, as such payments will be handled by the bank or broker."