The board of directors of Sinofert Holdings Limited announced that Mr. FENG Mingwei has been appointed as an executive director of the Company with effect from February 25, 2020. The deputy general manager of Sinochem Plastic Ltd. Mr. Feng joined Sinochem Fertilizer Co. Ltd., a subsidiary of the Sinochem Fertilizer Co. Ltd., in December 2001, and had held positions of the deputy general manager of the import department, the general manager of the first fertilizer department, the general manager of the potash fertilizer department and an assistant to the general manager of Sinochem Fertilizer Co. Ltd. Mr. Feng served as the deputy general manager of the company from May 2007 to December 2019. Mr. Feng will enter into a director's service contract with the company for a term of three years. Pursuant to the bye-laws of the Company, Mr. Feng will hold office until the next general meeting of the company and will then be eligible for re-election at that meeting. Thereafter, Mr. Feng will be subject to retirement by rotation and will be eligible for re-election at subsequent annual general meetings of the company in accordance with the bye-laws of the company.