Sinofert : ANNOUNCEMENT - KEY OPERATING DATA FOR THE THREE MONTHS ENDED 31 MARCH 2021

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ANNOUNCEMENT

KEY OPERATING DATA FOR THE THREE MONTHS ENDED

31 MARCH 2021

This announcement is made by Sinofert Holdings Limited (the "Company") on a voluntary basis.

To enable shareholders, investors and the public to better assess the operating performance of the Company and its subsidiaries (the "Group"), the board of directors of the Company (the "Board") hereby announces certain unaudited key operating data of the Group for the three months ended 31 March 2021 as follows:

1. the sales volume was approximately 3.32 million tons, an increase of 7% as compared with that for the three months ended 31 March 2020, which is mainly because the Group stepped up its efforts in sales expansion by taking advantage of the release of demands in the spring ploughing season and grasping the opportunities during upward movement of market prices. In particular, the sales volume of special fertilizers and various differentiated products was approximately 390,000 tons, an increase of 16% from the corresponding period in 2020;
2. the turnover was approximately RMB6,115 million, an increase of 8% as compared with that for the three months ended 31 March 2020, which is mainly attributable to the increase in both sales volume and average selling price.

The information contained in this announcement is only a preliminary assessment made by the Board based on the consolidated management accounts of the Group and the information currently available to the Board. Such consolidated management accounts have not been reviewed or audited by the Company's auditors and may be subject to adjustment and final confirmation. Therefore, the above data are provided for investors' reference only. Investors are advised to exercise caution when dealing in the securities of the Company and avoid undue reliance on such information.

For and on behalf of the Board

SINOFERT HOLDINGS LIMITED

Qin Hengde

Executive Director and Chief Executive Officer

Hong Kong, 28 April 2021

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As at the date of this announcement, the executive directors of the Company are Mr. Qin Hengde (Chief Executive Officer), Mr. Feng Mingwei and Mr. Harry Yang; the non-executive director of the Company is Mr. J. Erik Fyrwald (Chairman); and the independent non-executive directors of the Company are Mr. Ko Ming Tung, Edward, Mr. Lu Xin and Mr. Tse Hau Yin, Aloysius.

* For identification purposes only

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