The Company will round up to the next full share of the Company's ordinary shares any fractional shares that result from the Reverse Stock Split.
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.
For more information, please contact:
Ms. Xiaoli Yu
Investor Relations Officer
In the U.S.:
Ms. Vivian Chen
Citigate Dewe Rogerson
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fuwei-films-holdings-co-ltd-announces-the-proposed-reverse-stock-split-of-its-ordinary-shares-300367293.html
SOURCE Fuwei Films (Holdings) Co., Ltd.