CORRECTING and REPLACING Xingfa Expands Executive Team to Drive Localized Growth in North America

NAPERVILLE, Ill.–(BUSINESS WIRE)–Please replace the release with the following corrected version due to
multiple revisions.

The corrected release reads:

XINGFA EXPANDS EXECUTIVE TEAM TO DRIVE LOCALIZED GROWTH IN NORTH
AMERICA

Hubei
Xingfa
(Xingfa), a Fortune China 500 company listed on the Shanghai
Stock Exchange (SSE) and the largest manufacturer of fine
phosphates
in China, announced today two new executive appointments
in North America. J. Bryan Kitchen joins the Xingfa team as President,
North America and Larry Esposito has been appointed as Business Vice
President, Food & Beverage, Pharma & Nutrition and Infrastructure for
Xingfa.

“We are pleased to welcome Bryan and Larry to the Xingfa team,” said Li
Guozhang, chairman of Hubei Xingfa Chemicals Group Co., Ltd. “Their
global perspective, experience across multiple markets and proven track
record in driving sustainable, profitable growth make them uniquely
qualified to develop and deploy a localized strategy to support
increasing customer demand in North America.”

In his new role, Kitchen will be responsible for delivering accelerated,
localized growth across Xingfa’s operating segments by equipping the
region with the right strategy and resources necessary to deliver
against Xingfa’s growth aspirations.

Most recently, Kitchen was Vice President of Business Operations, IT/IS
and Legal for ANGUS Chemical Company. He played an instrumental role in
establishing global, stand-alone capabilities post-divestiture from Dow
Chemical while also providing business oversight for the Greater China
and Latin America regions.

Prior to joining ANGUS, Kitchen held a variety of business development
and operations roles within The Dow Chemical Company and Dow
AgroSciences. While holding these positions, he was responsible for
building and leading growth-oriented teams that established new industry
benchmarks for cost, localized service, product launch cycle-time,
sustainability and the management of a highly complex product mix across
regulated, semi-regulated and non-regulated markets.

Larry Esposito is a chemical industry veteran with significant
international management experience in the food, pharma and nutritional
markets. He has held executive roles at multinational chemical
companies, including Rhone-Poulenc, Rhodia and Innophos. For the last
several years, Esposito has also served on the board of directors for
the Council for Responsible Nutrition, the leading trade association for
the dietary supplement industry.

In his new position, Esposito will be responsible for growing Xingfa’s
presence in the North America food and beverage, pharma and nutrition
and infrastructure markets. In addition, he will oversee all sales and
marketing efforts to promote Xingfa’s leading global role in phosphates
and develop key channels to market to and work with customers
directly—to serve their requirements locally and globally.

For more information on Xingfa, visit www.xingfausa.com.

About Hubei Xingfa

Hubei Xingfa Chemicals Group Co., Ltd. (herein referred to as Xingfa)
was established in 1994 with its world headquarters located in Xingshan
County, Yichang City, Hubei Province, PRC. With its North American
operations based in Naperville, IL, USA, the company focuses on
developing, producing and marketing a series of phosphorus-based fine
chemicals.

Through 20 years of development and innovation, Xingfa is now regarded
as the largest manufacturer of fine phosphates in China, as well as the
largest producer of DMSO in the world. Xingfa has been listed on the
Shanghai Stock Exchange (SSE) since 1999 under stock code 600141 and
ranks 399th among Fortune 500 companies in China.

Contacts

CG Life
Patti Bianchi
+1 630-841-1771
[email protected]