BEIJING, Dec. 12 /Xinhua-PRNewswire-FirstCall/ -- Fuwei Films (Holdings) Co. Limited (Nasdaq: FFHL) (the "Company"), a manufacturer and distributor of high-quality BOPET plastic film located in China, today announced the convening of its Annual Meeting of the Company's shareholders (the "Meeting") on Friday, December 21, 2007, in New York City.
The Meeting will take place at the Marriott East Side Hotel, located at 525 Lexington Avenue, New York, New York, beginning at 9 a.m. EST. The close of business on October 30, 2007 has been fixed as the record date for the determination of shareholders entitled to vote at the Meeting.
Items on the agenda include the elections of new directors and ratification of independent accountants, and discussion of other business matters which may properly come before the meeting.
The meeting will also mark the first anniversary of Fuwei's Initial Public Offering, which was completed on the Nasdaq Global Market in December 2006.
About Fuwei Films
Fuwei Films conducts its business through its wholly owned subsidiary Shandong Fuwei Films Co., Ltd. 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'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.
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
Securities and Exchange Commission some of which are among other things,
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
For further information, please contact:
In the U.S.:
The Global Consulting Group
|SOURCE Fuwei Films (Holdings) Co. Limited|
Copyright©2007 PR Newswire.
All rights reserved