Fuwei Films to Convene Annual General Meeting of Shareholders on December 17, 2019

BEIJING, Dec. 10, 2019 /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 it will hold its 2019 Annual General Meeting of Shareholders (the "AGM") on December 17, 2019 at 9:30 a.m. (Beijing Time, at Fuwei Films (Shandong) Co., Ltd., No. 387 Dongming Road, Weifang, Shandong, China). Holders of record of ordinary shares of the Company at the close of business on November 12, 2019 are entitled to receive notice of and attend the AGM or any adjournment or postponement thereof. Holders of record as of November 12, 2019 are welcome to attend the AGM in person.

The notice of the AGM is available on the "Investor Relations" section of the Company's website at http://www.fuweiholdings.com. Fuwei Films has filed its Annual Report on Form 20-F, including its audited financial statements for the fiscal year ended December 31, 2018 with the U.S. Securities and Exchange Commission (the "SEC"). Fuwei Films' Annual Report can be accessed on the above-mentioned website, as well as on the SEC's website at http://www.sec.gov. Shareholders may request a hard copy of the Company's Annual Report, free of charge, by contacting Investors Relations by email at [email protected] or [email protected].

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 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 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:

Ms. Xiaoli Yu
Investor Relations Officer
Phone: +86-133-615-59266
Email: [email protected]

In the U.S.:

Mr. Shiwei Yin
Investor Relations
Grayling
Phone: +1-646-284-9474
Email: [email protected]

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SOURCE Fuwei Films (Holdings) Co., Ltd.