Sino Agro Food Announces Filing Schedule and OTC Listing Implications

Sino Agro Food, Inc. (“SIAF” or “The Company”) previously announced a delay in filing its 2019 Form 10-K Annual Report (the “Report”) due to COVID-19. Travel restrictions between China and Hong Kong have continued. Therefore, it is not possible for the Company to meet audited filing deadlines needed to maintain its OTCQX standing. The Company will drop to OTCQB effective July 16, 2020 and to the pink sheets August 1, 2020.

It is impossible to predict when the traveling restrictions will be lifted. However, once restrictions are relaxed, the Company expects to complete its 10-K filing within three to four weeks, and its 10-Q quarterly filings within another two weeks each. As a contingency, the SIAF is exploring options to change to a China based auditor for these filings.  Once the reports are filed, OTCQB and OTCQX trading status will be reinstated.

The Company will post an update on operations within a week. While COVID-19 has had a significant deleterious effect on production, substantial progress has been made toward transitioning the trading business into the Company’s main short and intermediate term cash flow driver.