Launched on 5 June 2019, the BuFeng-1 A/B twin satellites were part of the first Chinese global navigation satellite system reflectometry (GNSS-R) satellite mission. In this letter, a brief introduction of the BF-1 mission and its preliminary results of sea surface wind retrieval are presented. Empirical fully developed sea (FDS) geophysical model functions (GMFs) relating the normalized bistatic radar cross-section to the sea surface wind speed are proposed for the BF-1 GNSS-R instruments. The FDS GMFs are derived from the collocated BF-1 observations, the European Center for Medium-Range Weather Forecasts (ECMWF) reanalysis data, and the advanced scatterometer (ASCAT) satellite observations. The preliminary tests reveal that the root-mean-square error (RMSE) between the derived wind speed and the reanalysis is 2.63 m/s for wind speeds in the range of 0.5–40.5 m/s. Further comparisons with the ASCAT observations and mooring buoys show that the RMSEs are 2.04 m/s and 1.77 m/s, respectively, at low-to-moderate wind speeds. This study demonstrates the effectiveness of BF-1 and provides a basis for the future GMF development of the BF-1 A/B mission.