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| Borrower:                  | Fuwei Films (Shandong)      Co., Ltd.                         |
|----------------------------|---------------------------------------------------------------|
|                       |                                                          |
| Legal      Representative: | Xiaoan      He                                                |
|                       |                                                          |
| Lender:                    | Weifang      Dongfang State-owned Assets Management Co., Ltd. |
|                       |                                                          |
| Responsible      Person:   | Pizong      Mou                                               |
|                       |                                                          |
| Guarantor:                 | Shandong      Deqin Investment& Guarantee Co.,Ltd.        |

| 1      | Loan   |
|--------|--------|
|   |   |

| 1.1    | Currency:      Renminbi (RMB) |
|--------|-------------------------------|
|   |                          |

| 1.2    | Amount:      10,000,000 |
|--------|-------------------------|
|   |                    |

| 1.3    | The      proceeds of the Loan under this Contract shall be used for project      investment. |
|--------|----------------------------------------------------------------------------------------------|
|   |                                                                                         |

| 1.4 | Loan      Period: Commencing from October 19, 2009, to October 18,    2017. |
|-----|-----------------------------------------------------------------------------|

| Granting      Date | Expired      Date |
|--------------------|-------------------|
| Year               | Month             | Day | Amount | Year | Month | Day | Amount |
| 2009               | 10                | 19 | 10,000,000.00 | 2015 | 4 | 18 | 1675000 |
|               |              |   |   | 2015 | 10 | 18 | 1675000 |
|               |              |   |   | 2016 | 4 | 18 | 1675000 |
|               |              |   |   | 2016 | 10 | 18 | 1675000 |
|               |              |   |   | 2017 | 4 | 18 | 1675000 |
|               |              |   |   | 2017 | 10 | 18 | 1625000 |

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| 2      | Interest      Rate and Computation of Interest |
|--------|------------------------------------------------|
|   |                                           |

| 2.1    | Interest      rate: The annul interest rate is 5.346%, up by 10% compared the fixed      benchmark interest rate announced by the People’s Bank of China. Interest      for Loans for less than 5 years is the same as the period benchmark      interest of People’s Bank of China.  For more than 5 years the      interest is benchmark interest rate announced by the People’s Bank of      China plus 0%.      The cycle for interest is 6 months. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

| 2.2    | Computation of      Interest |
|--------|------------------------------|
|   |                         |

| 3      | Granting      and Repayment of Loan |
|--------|-------------------------------------|
|   |                                |

| 3.1    | Unless      all of the following conditions are satisfied, Lender has the right to      refuse to grant the Loan: |
|--------|-------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                              |

|   | 1.     | Borrower      has already completed the statutory procedures including obtaining related      permit, approval and registration from the government and such permit,      approval and registration remain in full force and  effect. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                  |

|   | 2.     | The      guarantee contract (if any) under this Contract has come into effect and      remains in full force and effect. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                     |

|   | 3.     | The      financial condition of the Borrower does not have any substantial adverse      changes; and |
|--------|--------|------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                 |

|   | 4.     | Borrower      is not in breach of this Contract. |
|--------|--------|--------------------------------------------------|
|   |   |                                             |

| 3.2 | The      actual drawing date and drawing amount shall be in accordance with the      promissory note. |
|-----|-------------------------------------------------------------------------------------------------------|

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| 3.3 | Borrower      shall not repay the Loan prior to the scheduled date without having a      written consent from Lender. |
|-----|-----------------------------------------------------------------------------------------------------------------------|

| 4. | Rights      and Obligations of Guarantor |
|----|------------------------------------------|

| 4.1. | Borrower      engages Shandong Deqin Investment& Guarantee Co., Ltd. as a guarantee      company.  According to the investigation of Lender, the      Guarantor is capable and qualified to repay the loan.  The      Guarantor has the right to examine and supervise the Borrower to implement      the contract. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2. | If      Borrower can’t fulfill its obligation, the Guarantor should repay the      principle and assume the breachliabilities. |
|------|--------------------------------------------------------------------------------------------------------------------------------------|

| 4.3. | The      Guarantee includes major right of credit, penalty, compensation and fees      for realizing creditor’s rights. |
|------|-------------------------------------------------------------------------------------------------------------------------------|

| 5. | Rights      and Obligations of Lender |
|----|---------------------------------------|

| 5.1 | Lender      has the right to be repaid the principal, receive interest (including      compound, overdue and appropriated penalty interest) and the necessary      expenses from the Borrower in accordance with this Contract. Lender has      the right to exercise any other rights under the relevant laws and      regulations or stipulated in thisContract. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | Except      as otherwise specified under this contract, Lender shall keep all the      financial and operation data and information confidential unless compelled      by requirements of applicable laws and  regulations. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.  | Rights      and Obligations of Borrower |
|----------|-----------------------------------------|

| 6.1 | Borrower      shall repay the Loan under this Contract and pay the interest      hereunder in accordance with the date, amount, currency set forth in      this Contract. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | Borrower      shall not use the proceeds of the Loan for any usage not stipulated in      this Contract. |
|-----|----------------------------------------------------------------------------------------------------------|

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| 6.3    | Borrower      shall be liable for the expenses under this Contract, including but not      limited to, expenses for notary service, authentication, evaluation and      registration. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                  |

| 6.4    | Borrower      shall comply with the operation procedure and the general practice of      the   Lender and loan application, including but not      limited to, facilitating Lender’s  examination and supervision      on Borrower’s operation status, and providing all the financial      statements, or any other data and information requested by Lender, and      shall guarantee that such documents, data and information are true,      complete and accurate. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

| 6.5    | If      any one of the following events occurs, Borrower shall notify the Lender      within thirty (30) days and shall not commence such activities unless the      Loan and interest under this Contract are repaid completely, or a      repayment schedule and guarantee are approved and accepted by the Lender.      These are as follows: |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                             |

|   | 1.     | Selling,      donating, renting, lending, assigning, mortgaging, pledging or disposing      of all or substantial part of its assets. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                  |

|   | 2. | Any      substantial changes in organization or structure of the Borrower,      including but not limited to, its operation, subcontracting, lease,      affiliation, company restructuring, joint-stock, merger (consolidation),      equity joint-venture (non-equity), spin-off, incorporation of subsidiary,      asset assignment, reduction of registered capital,  etc. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.6 | Borrower      shall notify the Lender within seven (7) days of occurrence of any of the      following events: |
|-----|----------------------------------------------------------------------------------------------------------------|

|   | 1.     | Amendment      of the Articles of Association, change of Borrower’s name, change of legal      representative , change of domicile, change of address, and change in the      scope of its business. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                       |

|   | 2.     | Borrower      or Guarantor’s (if any) intention to file for  bankruptcy. |
|--------|--------|--------------------------------------------------------------------------------|
|   |   |                                                                           |

|   | 3. | Borrower’s      involvement in any major litigation or arbitration, or any lien or      encumbrance is imposed on itsassets. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------|

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|   | 4.     | Borrower’s      guarantee to any other third party, which will have an adverse effect on      its financial status and ability to perform its obligations under this      Contract. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                      |

|   | 5.     | Borrower      enters into a contract which will have a material adverse effect on its      operation and financial status. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                       |

|   | 6.     | Borrower      or Guarantor (if any) stops its operation, its business terminates or its      business license is revoked. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                      |

|   | 7.     | Borrower’s      legal representative or senior management has committed a criminal      offence. |
|--------|--------|--------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                   |

|   | 8.     | Borrower      faces substantial hardship in managing its business or any other event      which will have an adverse effect on the financial status or ability of      the Borrower to repay the Loan. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                   |

| 6.7 | Any      changes to the form of collateral under this Contract that may have      adverse effect on Lender’s right shall be made upon Lender’s      consent. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Breach      of Contract |
|----|-------------------------|

| 7.1 | In      the event that Borrower fails to repay the principal or interest in full      in a timely      fashion, or to use the      proceeds of the Loan as set forth in this Contract, Lender has the right      to use the overdue penalty interest rate and appropriate penalty interest      rate to calculate the interest. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | In      the event that Borrower fails to repay the principal or interest in full      in a timely fashion, Borrower shall be liable for the Lender’s expenses in      exercising its creditor’s rights, including litigation cost (arbitration      fee), costs of preservation of asset, costs of publication, enforcement      costs, legal fees, travel and otherexpenses. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 7.3 | In      the event that Borrower avoids Lender’s supervision, fails to repay the      principal or the interest of the Loan or avoids the repayment      intentionally, Lender has the right to inform relevant government      authority and to publish the payment notification in the news      media. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Dispute      Resolution |
|----|-------------------------|

|   | 1.     | File      a lawsuit to the competent court in the place where Lender is located;      or |
|--------|--------|------------------------------------------------------------------------------------------|
|   |   |                                                                                     |

|   | 2. | Submit      the disputes to _____________________ arbitration committee for      arbitration in accordance with the currently effective arbitration rules      of such committee. The arbitral award is final and is legally binding upon      both Parties. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | Miscellaneous |
|----|---------------|

| 9.1 | This      Contract comes into effect upon both Parties’ execution of this      contract. |
|-----|------------------------------------------------------------------------------------------------|

| 9.2 | This      Contract is executed in six (6) counterparts. Each of the Parties and      Guarantor shall keep onecounterpart. |
|-----|---------------------------------------------------------------------------------------------------------------------------|

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| November      20, 2009                         | November      20, 2009                                         |
|------------------------------------------------|----------------------------------------------------------------|
|                                           |                                                           |
| Borrower      (seal):                          | Lender      (seal):                                            |
|                                           |                                                           |
| Fuwei      Films (Shandong) Co., Ltd.          | Weifang      Dongfang State-owned Assets Management Co., Ltd.. |
|                                           |                                                           |
| Legal      Representative or Authorized Person | Responsible      Person or Authorized Person                   |
|                                           |                                                           |
| Xiaoan      He                                 | Pizong      Mou                                                |
|                                           |                                                           |
|                                           |                                                           |
| (signature      or seal)                       | (signature      or seal)                                       |

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