Sino Agro Food Reaches Proposed Litigation Settlement

Sino Agro Food, Inc. (“SIAF” or “The Company”) has reached a proposed settlement agreement to litigation brought by a shareholder group.

Upon execution of this proposed agreement, the plaintiffs agree to move for the Southern District of New York Federal Court’s approval of this proposed settlement. Should the Court approve this proposed settlement, as expected, for the dismissal of the lawsuit styled Heng Ren Silk Road Investments LLC et al v, Sino Agro Food, Inc. at al 1:19-cv-02680-JMF (S.D.N.Y.) (the “Derivative Suit”).

The parties agree that success for the co0mpany may be better achieved with the participation of shareholders rather than with shareholders and management opposing one another in court.

The SEC 8-K filing with associated attachments including the full settlement agreement is linked here:

NOTICE OF PROPOSED SETTLEMENT OF SHAREHOLDER DERIVATIVE LITIGATION