Sino Agro Food Inc (fka SIAF)

[Peace2]

As of March 2015, progress made on its brood stock development program has successfully been brought under contract with (1) The China Government owned Research & Development Station, its first batch of Big Giant Prawn (BGP), whose brood stocks are claimed to be the best developed in China, and (2) a subsidiary of CP Group Thailand (one of the biggest seafood operators in Thailand and the world), its first batch of Specific Pathogen Free (“SPF”) BGP brood stock during Q4 2014. Sales of fingerling from these BGP brood stocks began on March 26, 2015, and due to their superior quality we are expecting 5,000,000 pieces sold per day for the next 240 days generating revenues for PF(2) of up to RMB 72 million (or US$11.8 million) based on BGP fingerling sales, alone. Simultaneously, PF(2) is pursuing quality brood stock for Mexican White and Green Prawns and expecting positive results in 2015. It is expected that BGP fingerling will price at average of RMB650 / 10,000 pieces and Mexican White at an average of RMB280 / 10,000 in 2015, illustrating the demands of both fingerling to push up their respective wholesale prices.