Fuwei Films Receives Positive Outcome in Anti-Dumping Review

         Fuwei Films Receives Positive Outcome in Anti-Dumping Review

PR Newswire

BEIJING, May 31, 2013

BEIJING, May 31, 2013 /PRNewswire/-- Fuwei Films (Holdings) Co., Ltd.
(Nasdaq: FFHL) ("Fuwei Films" or the "Company"), a manufacturer and
distributor of high-quality BOPET plastic films in China, today announced that
the United States Court of International Trade, as a result of an
administrative challenge brought by Fuwei Films, has found that Fuwei Films'
shipments did not give rise to any anti-dumping duties for the period from
November 6, 2008 to October 31, 2009.

On March 18, 2011, Fuwei Films filed an administrative lawsuit against the US
Department of Commerce ("the Department") regarding the anti-dumping duty of
30.91% imposed as a result of the first round of anti-dumping administrative
review. The Department, after recalculating the rate following administrative
challenge, found that Fuwei Films' shipments resulted in a level of dumping
that was "de minimis" which carries no associated anti-dumping duties.All of
Fuwei Films' importers will receive a full refund of all of the monies
deposited as anti-dumping duties for entries made during this period, plus

Mr. Xiaoan He, Chairman and CEO of Fuwei Films, said, "This is exciting news
for the growth of Fuwei Films. We have long maintained that we conduct our
business relations according to the highest standards and this ruling supports
our claim. We plan to continue to expand overseas markets as well as
accelerate the R & D of the optical thick films to be produced on the third
production line to remain competitive and increase the revenue of the

About Fuwei Films

Fuwei Films conducts its business through its wholly owned subsidiary, Fuwei
Films (Shandong) Co., Ltd. ("Fuwei Shandong"). Fuwei Shandong develops,
manufactures and distributes high-quality plastic films using the biaxial
oriented stretch technique, otherwise known as BOPET film (biaxially oriented
polyethylene terephthalate). Fuwei's 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 both the short and
long-term effects of the global financial crisis on the Company and the BOPET
film industry; 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; 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
Phone: +1-646-284-9472
Email: leslie.wolf-creutzfeldt@grayling.com

SOURCE Fuwei Films (Holdings) Co., Ltd.
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