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Hanfeng Evergreen Inc.: Hanfeng Enters Into Automatic Share Purchase Plan

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  Published in Business and Finance on Wednesday, January 28th 2009 at 14:28 GMT, Last Modified on 2009-01-28 14:29:12 by Market Wire
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TORONTO, ONTARIO--(Marketwire - Jan. 28, 2009) - Hanfeng Evergreen Inc. ("Hanfeng" or the "Company") (TSX:HF) announced today that, in connection with its previously announced normal course issuer bid, Hanfeng has entered into an automatic share purchase plan with its designated broker. The plan will allow the broker to continue to make purchases under the bid during Hanfeng's customary trading blackout periods.

About Hanfeng Evergreen Inc.

Hanfeng is the largest producer of slow and controlled release fertilizers in China. It was the first company to introduce the concept of slow and controlled release fertilizers into China's agriculture market with its establishment of the first commercial scale production in China. All production facilities are located in prime agricultural regions of China. The Company is headquartered in Toronto, Ontario and its shares trade on the Toronto Stock Exchange. [ www.hanfengevergreen.com ]

This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about Hanfeng's business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada.