Sinofert Holdings Limited provides earnings guidance for the six months ended 30 June 2022. It is expected that there will be an increase of 40% to 60% in net profit attributable to owners of the Company for the six months ended 30 June 2022 as compared to that for the six months ended 30 June 2021. The significant increase in the operating results is mainly attributable to the following reasons: (i) the Group stepped up its efforts in strategic procurement and exerted its strengths of supply chain to secure stable supply of quality product resources, which satisfied the demand of industrial and agricultural production; (2) the Group continued to optimize its product structure, accelerated the implementation of differentiated strategy, implemented the integration of research, production and sales, and promoted the improvement of the gross profit of products; (3) the production enterprises fully capitalized on the advantage of resources to ensure stable, long-lasting and optimal operations; (4) the Group consistently deepened its strategic collaboration with its controlling shareholder, Syngenta Group Co.

Ltd., achieving a significant year-on-year growth in synergistic sales; and (5) the Group also benefited from a year-on-year increase in gross profit margin of fertilizer products driven by the increase in food prices.