News and Press Releases

Sino Agro Food, Inc. Announces Corporate Actions, Provides Update on Audit and Dividend Progress

Jul 9, 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 pleased to announce corporate actions taken to proceed forward with the Company’s previously proposed dividend and to better manage future financial reporting.

The Company has engaged StockTrans®, a subsidiary of Broadridge Financial Solutions, Inc. (NYSE:BR), as the Company’s registrar and transfer agent. After a complete review of the Company’s current registrar and transfer agent, it was determined that in order to proceed forward with the Company’s proposed annual dividend policy that a change in registrar and transfer services was required.

For more than 38 years, StockTrans ( has been an industry leading stock transfer agent, helping companies from around the world with their stock transfer and registrar needs. The Company has determined that Broadridge’s StockTrans will be able to fully assist the Company in all of its proposed actions. The Board of Directors of Sino Agro Food, Inc. has previously voted to provide a cash dividend of up to 8% of the total net income minus minority interest of the Company on an annual basis.

The Board of Directors of Sino Agro Food, Inc. is also expecting to pass resolution to change the Company’s fiscal year end from December 31st to June 30th. The change is being made after reviewing the Company’s current and past audit processes. By changing the fiscal year end to June 30th the Company can avoid the delays caused by the Chinese New Year holidays which fall in the middle of the Company’s current audit timeline. The Company’s current fiscal year end December 31, 2008 and 2009 audits are progressing, and upon final review and approval of the drafted reports, the Company will make these filings available. The Company auditor will then process and complete audits through June 30th, 2010 to complete the fiscal year end change in order to prepare for, draft and file the Company Form 10 with the Securities and Exchange Commission.

The Company is planning on hosting a shareholder conference call in conjunction with the publishing of its financial results for the period April 1st, 2010 through June 30th, 2010. The Company will provide updated guidance as well as answer questions from shareholders. Due to the expected change in fiscal year period ending, previous fiscal year guidance will change, however for calendar year 2010 ending all prior guidance remains the same. The Company will provide additional information regarding the time and date of the conference call in the near future.

Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, “I would first like to thank our shareholders for their patience as we have worked to complete these big steps to move our Company forward. These current changes are expected to put us in a better situation moving ahead. I now ask our shareholders for some additional patience as we implement these changes. Our belief is that by providing an annual dividend we will bring greater confidence in our Company and be more attractive to investors allowing us to lower the cost of capital in the future. Our business plan has been performing well and China policy continues to be on our side. My main focus will always be on operations first, I feel that the bottom line is what matters most to our investors. We will continue to keep shareholders informed of these and other actions as they are completed.”


Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit


Sino Agro Food, Inc. (“SIAF”) ( 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.


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.


Sino Agro Food, Inc.
Mr. Solomon Lee, 86-20-22057860
Investor Relations (US and Europe)
Mr. Chad Sykes
Broadridge Media Contact
Arlene Driscoll, + 1 212-981-1347