ABBEY SPANIER RODD & ABRAMS, LLP ANNOUNCES CLASS ACTION SECURITIES FRAUD SUIT ON BEHALF OF FUQI CORPORATION INVESTORS

The Complaint alleges that Fuqi and certain of its officers and directors violated the federal securities laws by issuing a series of material misrepresentations during the Class Period, thereby artificially inflating the price of Fuqi securities. The Complaint alleges, among other things, that defendants failed to disclose the truth concerning Fuqi's financial results for 2009. Specifically, defendants understated Fuqi's cost of goods sold and overstated gross profit and net income in violation of Generally Accepted Accounting Principles and other applicable regulation. On March 16, 2010, defendants announced that Fuqi's financial statements had been materially misstated for the first three quarters of 2009 and that there will be a delay in filing Fuqi's Annual Report on Form 10-K.

If you purchased or otherwise acquired Fuqi securities during the Class Period, including purchases in the August 5, 2009 offering, you may wish to seek appointment as the lead plaintiff. If you so choose, you must request that the Court appoint you as lead plaintiff no later than May 18, 2010.

Abbey Spanier Rodd & Abrams, LLP has been retained as one of the law firms to represent the Class. The attorneys at Abbey Spanier have extensive experience in securities class action cases, and have played lead roles in major cases resulting in the recovery of hundreds of billions of dollars for investors. If you would like to discuss this action or if you have any questions concerning your rights as a potential class member or lead plaintiff, you may contact: