News and Press Releases

Sino Agro Food, Inc. Placed on Regulation SHO

Sep 14, 2010

GUANGZHOU, China--()--Sino Agro Food, Inc. (Pink Sheet: SIAF), an emerging integrated, diversified agriculture technology and organic food company with subsidiaries operating in China, is informing shareholders that it has been placed on the Regulation SHO “threshold security” list.

OTC Markets defines, “A threshold security is any equity security that has a significant fail to deliver position for at least 5 business days. The threshold qualifications are different for SEC reporting issuers and non-SEC reporting issuers. This difference is largely due to the fact that reliable outstanding share information in not universally available for non-SEC reporting issuers.”

http://www.otcmarkets.com/marketactivity/reg_sho_list.jsp

The Company has been flagged under Rule 3210 which OTC Markets states as, “FINRA Rule 3210 defines threshold securities as any equity security of an issuer that is not an SEC reporting security and, for five consecutive settlement days, has had an aggregate fails to deliver at a registered clearing agency of 10,000 shares or more; and a reported last sale during normal market hours (9:30 a.m. to 4 p.m., ET) for the security on that settlement day that would value the aggregate fail to deliver position at $50,000 or more. A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.”

From approximately September 9th through 13th, 2010, Interactive Brokers, a brokerage firm that allows short selling of some U.S. quoted OTC stocks, reported 250,000-300,000 shares available for shorting purposes. As of September 14th, 2010, that number has declined to 100 shares.

On September 13th, 2010, FINRA reported the lowest number of shares reported sold short as compared to total volume traded for a day since Company investor relations began monitoring this data. Historical short sales data was made public pursuant to a Securities and Exchange Commission request. Daily and monthly short sales statistics can be found at the following web address under the section titled ORF:

http://regsho.finra.org/regsho-Index.html

Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, “We will continue to monitor this and take action if required. Our best offense however against short selling is continued growth and increased market transparency. That is why I am pleased to announce our audited numbers for 2008 and 2009 have been completed. We are currently reviewing the final drafts and making required disclosure and note changes. We have also submitted our first completed rough draft of the non-financial portion of our Form 10 filing to our SEC attorney for review and comments. Once all review work is completed, we will combine the final audit with our completed Form 10 and register with the SEC.”

ABOUT SINO AGRO FOOD, INC.

Sino Agro Food, Inc. (“SIAF”) (http://www.sinoagrofood.com) is an integrated, diversified agricultural technology and organic food company focused on developing, producing and distributing agricultural products in the Peoples Republic of China. The Company intends to focus on meeting the increasing demand of China’s rising middle class for gourmet and high-quality food items. Current lines of business include the manufacture and distribution of Bio-Organic Fertilizer and Stock-Feed, as well as, fisheries, dairies, and Hylocereus Undatus plantations. SIAF’s products are produced to meet the high organic quality standards of the United Kingdom. SIAF is owner of a patented process; the conversion of corn stalk into high quality feed for livestock and is the “Master Licensee” for China with exclusive right to a patented Bacterial used in converting food based agriculture produce wastes into nutritional feed products that are also applicable in the manufacturing of Bio-Organic fertilizer. The Company also holds the “Master License” for China on a modern re-circulating Aquaculture Technology “A Power RAS Technology” that has the capacity to commercially grow quality table fish and seafood free from chemical and pollution in enclosed modules on land in a system designed to promote economic sustainability and viability. Currently the Company has total employment of 520 persons of which 60 are skilled and experienced management staff.

FORWARD-LOOKING STATEMENTS

This release contains certain “forward-looking statements” relating to the business of SIAF and its subsidiary companies, which can be identified by the use of forward-looking terminology such as “believes, expects” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on SIAF’s current expectations and beliefs concerning future developments and their potential effects on SIAF. There can be no assurance that future developments affecting SIAF will be those anticipated by SIAF. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. SIAF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Contacts

Sino Agro Food, Inc.
Mr. Solomon Lee, 86-20-22057860
CEO
info@siafchina.com
or
Mr. Chad Sykes
Investor Relations (US and Europe)
Chad.Sykes@sinoagrofood.com