NASDAQ Delisting Chinese Manufacturer Fuqi

NADSDAQ will delist Chinese jewelry manufacturer Fuqi
beginning March 29, the company announced March 28.

On March 25, the company received a notice of non-compliance
from NASDAQ due to its inability to file an annual report for 2010.

Fuqi has been advised by the Pink OTC Market that its
securities are immediately eligible for quotation on the “Pink Sheets,” the Shenzhen-based
company said. Its shares will continue to trade under the symbol FUQI.

Fuqi said it anticipates applying for re-listing on NASDAQ when
it is able to comply with its requirements.

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