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Fuwei Films' Third Production Line Put into Trial Operation

         Fuwei Films' Third Production Line Put into Trial Operation

PR Newswire

BEIJING, Jan. 31, 2013

BEIJING, Jan.31, 2013 /PRNewswire-FirstCall/ -- Fuwei Films (Holding) Co.,
Ltd. (NASDAQ: FFHL) ("Fuwei Films" or the "Company"), a manufacturer and
distributor of high-quality BOPET films in China, today announced that its
third production line has been put into trial operation at the end of January
2013. This commissioning of this production line was delayed due to the former
major shareholders' ownership transfer in early 2012.

This production line will manufacture high-performance electric insulation
film, base film for solar backsheet and TFT-LCD optical film with an annual
design capacity of 23,000 metric tons and thickness between 38 and 250
micrometers.

During the trial operation, only the commodity thick films will be produced
and the production line will be adjusted to meet the operational criteria.

Mr. Xiaoan He, Chairman and CEO of the Company said, "We are proud and pleased
to announce that the third production line has begun trial operation. We
intend to make every effort to accelerate the development of our high
value-added thick films to meet the market demands, improve our profitability
as well as strengthening our competitiveness. Fuwei Films is now confronted
with unprecedented market competition, in which excessive capacity results in
reduced prices. We believe upon commencing production, the third production
line may not be profitable in the short term due to the fact that it may take
time to develop a prototype, pilot production, testing and confirmation by
clients leading to mass production of its high-end products. However, we are
convinced that by staying ahead of the competition in terms of technology and
quality, we will eventually grow and profit from the third production line."

About Fuwei Films

Fuwei Films conducts its business through its wholly owned subsidiary, Fuwei
Films (Shandong) Co., Ltd. ("Shandong Fuwei"). Shandong Fuwei develops,
manufactures and distributes high-quality plastic films using the biaxial
oriented stretch technique, otherwise known as BOPET film (biaxially oriented
polyethylene terephthalate). Fuwei Films' BOPET film is widely used to package
food, medicine, cosmetics, tobacco, and alcohol, as well as in the imaging,
electronics, and magnetic products industries.

Safe Harbor

This press release contains information that constitutes forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and are subject to risks. Risk
factors that could contribute to such differences include those matters more
fully disclosed in the Company's reports filed with the U.S. Securities and
Exchange Commission which, among other things, include competition in the
BOPET film industry; growth of, and risks inherent in, the BOPET film industry
in China; uncertainty as to future profitability and our ability to obtain
adequate financing for our planned capital expenditure requirements;
uncertainty as to our ability to continuously develop new BOPET film products
and keep up with changes in BOPET film technology; risks associated with
possible defects and errors in our products including complaints and claims
from clients; uncertainty as to our ability to protect and enforce our
intellectual property rights; uncertainty as to our ability to attract and
retain qualified executives and personnel; and uncertainty in acquiring raw
materials on time and on acceptable terms, particularly in view of the
volatility in the prices of petroleum products in recent years. The
forward-looking information provided herein represents the Company's estimates
as of the date of the press release, and subsequent events and developments
may cause the Company's estimates to change. The Company specifically
disclaims any obligation to update the forward-looking information in the
future. Therefore, this forward-looking information should not be relied upon
as representing the Company's estimates of its future financial performance as
of any date subsequent to the date of this press release. Actual results of
our operations may differ materially from information contained in the
forward-looking statements as a result of the risk factors.

For more information, please contact:

In China:

Miss Lysander Lee
Investor Relations Officer
Phone: +86 133 615 59266
Email: fuweiIR@fuweifilms.com

In the U.S.:

Ms Leslie Wolf-Creutzfeldt
Investor Relations
Grayling
Phone: +1-646-284-9472
Email: leslie.wolf-creutzfeldt@grayling.com

SOURCE Fuwei Films (Holdings) Co., Ltd.

Website: http://www.fuweiholdings.com
 
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