Published: June 30, 2011
Qinghai SanJiang A Power Agriculture Co. Ltd. Receives Development Grants from the China Government for Expansion and a new Enzyme Production Facility
GUANGZHOU, China - (BUSINESS WIRE) - 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 Qinghai SanJiang
A Power Agriculture Co. Ltd. ("SJAP" ), a joint venture project of Sino
Agro Food, Inc., has been approved for approximately $1.27M USD in
development grants for the year 2011.
SJAP also completed the design and engineering plans for the
construction of a new Enzyme production facility to be located at the
Company's current cattle operations in the County of HuangYuan, outside
the City of Xining, Qinghai Province, China. SJAP is a sino-foreign
joint venture company incorporated in the PRC, engaged in manufacturing
of bio-organic fertilizer, livestock feed, cash crops farming and beef
cattle rearing and fattening of which Sino Agro Food currently holds a
45% equity interest. Sino Agro Food, Inc. is now preparing arrangements
and documentation to bring its holding to 60% equity interest on or
before October 2011, making SJAP a majority owned subsidiary.
The new production facility will produce the cold weather enzyme for use
in all Sino Agro Food operations. Construction of the new facility is
estimated to cost approximately $2M USD of which the HuangYuan
government intends to provide up to 50% of the cost in development
grants.
SJAP currently has a total of 8 demonstration cattle houses in operation
holding approximately 860 head of cattle. Plans call for increasing the
number of cattle houses to over 22, projected to be completed within
year 2012, which will allow for an annual capacity of 5,000 head of
cattle to be fattened each year.
Construction has begun at SJAP to also include a new underground slurry
system to move cattle waste from operations to a new Mash Gas station
that is planned to be built in 2012. This project also will be eligible
for Government grants up to 100% of development costs.
Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, "With a new focus on
agriculture coming out of the recent G20 meeting and China's recently
adopted 5-Year Plan, we expect continued support by local governments in
China for our projects. We are very optimistic based on the support we
already have received from local governments for our fish and beef
demonstration farms that, once our operations are up and fully running,
we will continue to enjoy government support as we move to franchise
operations across China. The opportunity for these development grants
should provide incentive to both investors and local governments to take
an interest in our franchised programs."
ABOUT SINO AGRO FOOD, INC.
Sino Agro Food, Inc. ("SIAF" ) (http://www.sinoagrofood.com)
and (http://www.siafchina.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 beef and lamb products, fish
products, bio-organic fertilizer, stock feed, cash crops and hylocereus
undatus plantations.
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.

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