Fuqi Intl (PINK:FUQI)

SHENZHEN, China, Aug. 4, 2011 /PRNewswire-Asia/ -- FUQI International, Inc. (OTC Pink: FUQI) today announced that Mr. Frederick Wong has resigned from his position as Chief Financial Officer of the Company due to personal health reasons, effective July 31, 2011.  Mr. Wong will continue to work for the Company serving in a non-executive management role and will continue to assist in the transition of his Chief Financial Officer responsibilities after his resignation date.

The Company is in the process of identifying qualified successor candidates for the Company's Chief Financial Officer position.  Mr. Kim K. T. Pan, the Company's President and Chief Executive Officer, will serve as the Interim Chief Financial Officer until a permanent replacement is appointed.  

Mr. Yu Kwai Chong, Chairman of the Board, commented, "I would like to thank Fred for his years of service and valuable contributions to the Company. We are taking the appropriate steps to ensure that his role is properly transitioned and look forward to appointing a new and highly qualified replacement in the near future."