Coffee Sipping Big Board Stocks

[EZ2]

FFHL getting beat down tremendously on this news ------ seems like a huge over reaction by me !?!?!?!???????

DJ Fuwei Films: Arrest Notice Issued For 3 Stockholders

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Dow Jones Real-Time News for InvestorsSM
09:21 a.m. 10/16/2007


DOW JONES NEWSWIRES

Fuwei Films (Holdings) Co., Ltd. (FFHL) said Tuesday it has become aware that an arrest notice has been issued by in China for shareholders Jun Yin, Duo Wang, and Tongju Zhou, relating to the suspicion of the crime of irregularities for favoritism and to sell state-owned assets at low prices.

The company said there has not been any official notification that the investigation relates to the purchase by Fuwei Films of state-owned equipment that is used in connection with its business.

Fuwei said the arrest notice was issued by the People's Procuratorate of Shandong Province, China, on Sept. 28.

Jun Yin is a 52.92% shareholder of Fuwei Films, and Tongju Zhou, a director of Fuwei Films, together with Duo Wang, indirectly own 12.54% of Fuwei Films.

Fuwei Films, through its wholly owned subsidiary Shandong Fuwei Films Co., develops, manufactures and distributes plastic films used to package food, medicine, cosmetics, tobacco and alcohol.

-Joe Melvin; 201-938-5400; [e-mail]




Dow Jones Newswires

10-16-07 0921ET