Sino Agro Food’s Second Aquafarm Granted Dragon Head Enterprise Status
GUANGZHOU, China-- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), is an agricultural technology company focused on high protein food including seafood and cattle.
Built by Sino Agro Food Inc. in 2014, aquafarm 2 (“AF2”) has been awarded provincial Dragon Head Enterprise (“DHE”) status. AF2 is now owned by Tri-way Industries Ltd. (“TRW”), a Hong Kong based corporation. TRW was spun out from SIAF in 2017 as a pure aquaculture company, transferring all SIAF’s joint venture aquaculture interests and assets. SIAF holds a 36.6% equity interest in Tri-way.
Dragon Head Enterprise is a prestigious and increasingly uncommon stature awarded on the basis of size, financial performance, products, competitiveness, and influence on societal benefits and positive upstream and downstream industries. It confers potential benefits in the form of government grants or financing, tax exemptions, favorable policies, and support of infrastructure and technology.
DHE status validates Tri-way’s A Power Recirculating Aquaculture System (“APRAS”), which the company believes is the leading technology in the world for indoor raising and harvesting of seafood and shrimp from post larvae through full growth.
Peter Grossman
Investor Relations
1 (775) 901-0344
Nordic Countries
+46 (0) 760 495 885
About Sino Agro Food, Inc.
SIAF is a specialized investment company focused on protein food. The Company produces, distributes, markets, and sells sustainable seafood and beef to the rapidly growing middle class in China. Activities also include production of organic fertilizer and produce. SIAF is a global leader in developing land based recirculating aquaculture systems (“RAS”), and with its partners is the world's largest producer of sustainable RAS prawns.
Founded in 2006 and headquartered in Guangzhou, the Company had over 420 employees and revenue of USD 198 million in 2017. Operations are located in Guangdong, Qinghai, and Hunan provinces, and in Shanghai. Sino Agro Food is a public company listed on OTCQX U.S. Premier in the United States and on the Oslo Børs’ Merkur Market in Norway.
News and updates about Sino Agro Food, Inc., including key information, are published on the Company’s website (http://www.sinoagrofood.com), the Company’s Facebook page (https://www.facebook.com/SinoAgroFoodInc), and on twitter @SinoAgroFood.
Forward Looking Statements
This release may contain forward-looking statements relating to the business of SIAF and its subsidiary companies. All statements other than historical facts are forward-looking statements, which can be identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. These statements involve risks and uncertainties that may cause actual results to differ materially from those anticipated, believed, estimated or expected. These risks and uncertainties are described in detail in our filings with the Securities and Exchange Commission. Forward-looking statements are based on SIAF’s current expectations and beliefs concerning future developments and their potential effects on SIAF. There is no assurance that future developments affecting SIAF will be those anticipated by SIAF. 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 required under applicable securities laws.