Hanfeng Evergreen Inc., a leading provider of slow and controlled release fertilizers in China, is pleased to announce that it has entered into an agreement with Heilongjiang Agriculture Company Limited, the largest state-owned agricultural company in China, for the sale and distribution of its fertilizers. Hanfeng's fertilizer will be promoted through nine subsidiaries of HACL in China. The initial order of 5,000 tonnes will be delivered in spring 2007.

HACL is responsible directly to the Ministry of Agriculture of China. It owns 624,000 hectares of arable land (with a potential to increase by another 240,000 hectares) in the Sanjiang Perrier, one of the most fertile land belts in the world.

HACL is renowned for being the largest and one of the best, most technically advanced operators in China. In addition, HACL is a product distributor and has well-established distribution networks in China for all agricultural related products, including fertilizers.

"The agreement teams us with a well respected name in the Chinese agricultural market which instantly creates higher brand equity for Hanfeng's products," said Mr. Xinduo Yu, President and CEO of Hanfeng Evergreen Inc. "State-owned farms, like those that HACL operates, have stringent criteria over issues such as fertilizer quality, environmental pollution, energy consumption, crop quality and yield, as well as food safety. We are excited and honored that our slow and controlled release fertilizers meet all these requirements."

Hanfeng was the first to introduce the concept of slow and controlled release fertilizers into China's agriculture market with its establishment of the first commercial scale slow-release fertilizer production in China. All production facilities are located in prime agricultural regions of China. With various leading technologies, Hanfeng operates with a production capacity of 350,000 tonnes per annum with another 200,000 tonnes expected to be added by the end of June 2007.

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