Hanfeng Evergreen Appoints Tony Busseri Executive Vice President: Financial News

Hanfeng Evergreen Appoints Tony Busseri Executive Vice President
Monday January 12, 2009 7:30 am ET

TORONTO, ONTARIO--(MARKET WIRE)--Jan 12, 2009 -- Hanfeng Evergreen Inc. (Hanfeng) (Toronto:HF.TO - News), a leading provider of slow and controlled release fertilizers in China, today announced the appointment of Tony Busseri as Executive Vice President.

Mr. Busseri joins Hanfeng with more than 12 years of executive management experience. He has served most recently as a principal of Growth Equity Partners, an advisory services firm and private equity fund. His focus was supporting companies in the sourcing of growth capital, the execution of mergers and acquisitions, and in capital markets management, including strategy and content development, and stakeholder communications.

Previously, Mr. Busseri served as a member of the Board of Directors, President and Chief Executive Officer of EnGlobe Corp. (Toronto:EG.TO - News) a leading integrated environmental services company specializing in the management of organic-based waste streams and contaminated soils, and as Chairman of the Board of Directors, President and Chief Executive Officer of Capital Environmental Resource Inc. (NasdaqGM:WSII - News) a waste management services company. Mr. Busseri is a graduate of the honours business administration program at the Richard Ivey School of Business at the University of Western Ontario and holds a Certified Management Accountant designation.

"I am delighted to have Mr. Busseri join our team," said Xinduo Yu, President and Chief Executive Officer of Hanfeng. "Mr. Busseri's experience in managing capital markets and growing businesses will be a valuable asset as Hanfeng pursues its objective of expanding through mergers, acquisitions and joint-ventures in China and internationally."

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. All amounts are stated in Canadian dollars except for noted otherwise.