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| Borrower:                    |   | Fuwei Films (Shandong) Co.,      Ltd.                  |
|------------------------------|--------|--------------------------------------------------------|
|                         |   |                                                   |
| Legal      Representative:   |   | Xiaoan He                                              |
|                         |   |                                                   |
| Legal      Address:          |   | Hi-Tech      Development Zone, Dong Ming Road, Weifang |
|                         |   |                                                   |
| Correspondence      Address: |   | Same as above                                          |
|                         |   |                                                   |
| Lender:                      |   | Weifang      City Commercial Bank                      |
|                         |   |                                                   |
| Responsible      Person:     |   | Yuzhi      Wang                                        |
|                         |   |                                                   |
| Correspondence      Address: |   | 358      Dong Fang, Dong Street,Weifang                |

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

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

| 1.2 | Amount:      5,000,000 |
|-----|------------------------|

| 1.3 | The      proceeds of the Loan under this Contract shall be used for Research &      Development of Special BOPET films |
|-----|----------------------------------------------------------------------------------------------------------------------------|

| 1.4 | Loan      Period: Commencing from December 2, 2008, to December 2,    2011. |
|-----|-----------------------------------------------------------------------------|

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

| 2.1 | Interest      rate: free |
|-----|--------------------------|

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

| 2.2.1 | Normal      interest = interest rate under this Contract X proceeds of the Loan X      number of days of use.  Number of days of use is calculated from      the drawing date to the maturitydate. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2.2.2 | The      penalty interest of the overdue loan and appropriated loan is calculated      based on the amount and the actual number of days overdue or appropriated.      If the currency of the loan is Renminbi (RMB), the overdue penalty      interest rate is equal to the loan interest rate set forth in this      Contract plus 50% of such loan’s interest rate, and the appropriated      penalty interest rate is equal to the loan interest rate set forth in this      Contract plus 100% of such loan interest rate. If the currency of the loan      is a foreign currency, the aforesaid penalty interest rates are equal to      the loan interest rate set forth in this Contract plus 20% of such loan      interest rate. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.3 | The      loan under this Contract uses the second (2nd)      method mentioned below for payment of interest. On the maturity date, the      interest shall be paid together with the principal. The date of payment of      interest is the date of the settlement of  interest: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1. | Interest      settlement on the 20th      day of the last month of each quarter;or |
|--------|----|------------------------------------------------------------------------------------|

|   | 2. | Interest      settlement on the 20th      day of each month. |
|--------|----|--------------------------------------------------------------|

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

| 3.1 | Borrower      shall start the related procedure three (3) business days prior to drawing      the proceeds of the Loan in accordance with the following loan drawing      schedule: (N/A) |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 3.2 | 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. |
|--------|----|--------------------------------------------------|

| 3.3 | The      actual drawing date and drawing amount shall be in accordance with the      promissory note. |
|-----|-------------------------------------------------------------------------------------------------------|

| 3.4 | Borrower      shall not repay the Loan prior to the scheduled date without having a      written consent from Lender. |
|-----|-----------------------------------------------------------------------------------------------------------------------|

| 4 | Representation      and Guarantee of the Borrower |
|---|---------------------------------------------------|

| 4.1 | Borrower      is an independent entity and has the necessary contractual capacity to      perform this Contract and will be liable for its non-performance of its      obligations hereunder. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2 | The      execution and performance of this Contract is the true intention of the      Borrower, and the Borrower has all necessary consents, approvals and      authorizations to perform itsobligations. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.3 | All      the documents, reports, data and information provided by the Borrower to      the Lender during the execution and performance of this Contract are true,      accurate, complete and in full effect, and Borrower has not withheld any      information which may affect the evaluation of its financial status and      repayment ability. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 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. |
|-----|----------------------------------------------------------------------------------------------------------|

| 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 andaccurate. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

|   | 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. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------|

|   | 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. |
|--------|----|--------------------------------------------------------------------------------------------------------|

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|   | 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 | Maturity      Repayment of the Loan before the MaturityDate |
|---|-------------------------------------------------------------|

| 7.1 | In      the event of the occurrence of any of the following events, Lender has the      right to suspend the drawing of the proceeds of the Loan and require      repayment of the principal of the Loan partially or completely before the      maturity date and demand that the Borrower repay the principal of the Loan      and pay the interest hereunder. These are as  follows: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1. | Borrower’s      representations and warranties in Section 4 are not  true; |
|--------|----|----------------------------------------------------------------------------------|

|   | 2. | Borrower      is in breach of this Contract; |
|--------|----|----------------------------------------------|

|   | 3. | The      events set forth in Section 6.6 have occurred and Lender believes that      such event will have a material adverse effect on its rights as a      creditor; or |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4. | Borrower      has delayed its performance or is in breach of other contracts entered      into between Borrower and Lender, and has not provided the Lender with any      remedy upon notification by Lender. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8 | Breach      of Contract |
|---|-------------------------|

| 8.1 | 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. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.2 | 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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| 8.3 | 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. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9 | Withdrawal      Instruction |
|---|-----------------------------|

| 9.1 | In      the event that Borrower is overdue in payment in respect of principal,      interest, penalty interest, compound interest or other expenses, Lender is      authorized to withdraw the money from any other bank accounts of Borrower      with Bank of Communication to setoff the said outstanding      payment. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2 | After      the aforesaid withdrawal, Lender shall inform the Borrower of such account      number, loan contract reference number, promissory note reference number,      amount of withdrawal, and the outstanding Loan  amount. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.3 | If      the amount of withdrawal is not sufficient to setoff the aforesaid      payment, the overdue expenses shall be settled first. If the principal and      interest are overdue for less than ninety (90) days, the remaining balance      shall be first used to settle the overdue interest, penalty interest and      compound interest, then shall be used to settle the overdue principal. In      the event that the overdue payment or interest is overdue for more than      ninety (90) days, the remaining balance shall be used to settle the      overdue principal, then shall be used to settle the overdue interest,      penalty interest or compoundinterest. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.4 | If      the currency of the aforesaid withdrawal amount is different from the      currency of the Loan, the exchange rate determined by Bank of      Communication on the date of withdrawal shall be used for the currency      conversion calculation. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10 | Dispute      Resolution |
|----|-------------------------|

| 10.1 | Any      dispute arising from or in connection with this Contract shall be resolved      by the first method listedbelow: |
|------|---------------------------------------------------------------------------------------------------------------------------|

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|   | 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. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11 | Miscellaneous |
|----|---------------|

| 11.1 | This      Contract comes into effect upon both Parties’ execution of this      contract. |
|------|------------------------------------------------------------------------------------------------|

| 11.2 | This      Contract is executed in five (5) counterparts. Each of the Parties and      Guarantor shall keep onecounterpart. |
|------|----------------------------------------------------------------------------------------------------------------------------|

| December      2, 2008                                         | December      2, 2008                        |
|---------------------------------------------------------------|----------------------------------------------|
|                                                          |                                         |
| Borrower      (seal):                                         | Lender      (seal):                          |
|                                                          |                                         |
| Fuwei      Films (Shandong) Co., Ltd.                         | Weifang      City Commercial Bank.           |
|                                                          |                                         |
| Legal Representative or Authorized Person | Responsible      Person or Authorized Person |
|                                                          |                                         |
| Xiaoan      He                                                | Yuzhi      Wang                              |
|                                                          |                                         |
| (signature      or seal)                                      | (signature      or seal)                     |

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