Sino Agro Food, Inc. Reports Revenue of $89.7M with EPS of $0.51 for Nine Months Ended 2012

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The Company has released its annual shareholder video for 2012 at the following link:

As mentioned above, work on the fish and eel farm Fish Farm 2 is still in progress, but is being delayed because the property is situated on an islet that is making drainage extremely difficult and costly. In response, we are engineering a solution that should resolve this problem.

The Company’s application for a permit to import the high-value brood-stock prawns and to sellits flies to local growers has been tentatively approved by the authorities pending the completion of the boundary fence, which is the last prerequisite necessary for official approval.

During the third quarter, operations at the contracted 600 Mu open dam fish farm sold over 315,400 sleepy cod weighing between 505g to 545g per fish with current inventory estimated at 490,680 fish at the end of the quarter.

SJYLA conducted the following operations during the third quarter of 2012:

The Company is exploring the possibility of a new joint venture with a reputable and experienced local value-added beef processing firm to jointly developa slaughter house with a boning factory that will be built on an adjacent site (90 Mu) in an effort to reduce the learning curve in establishing this type of operation.

Management is excited by the test results of its organic fertilizer being applied by fresh-water lake fish growers to the lakes where their fish are grown which have been shown to enhance water quality and protein enriched enzymatic fish feed, which is in line with the PRC Government’s current policy to discourage lake fish growers from applying mineral rich fertilizer to their lakes. The Company also has received positive feedback from regional grape growers who are pleased with the organic fertilizer’sresults as well. HSYLA has sold more than 4,000 MT of fertilizer during the third quarter of 2012, 60% of which was supplied to lake fish growers. Potentially, if all continues well with the test results, there may be sales of up to 30,000 MT/year to fish growers throughout the region.

None of the information featured in this press release constitutes an offer or solicitation to purchase or to sell any securities of Sino Agro Food, Inc.

This release contains certain “forward-looking statements” relating to the business of SIAF and its subsidiary companies, which can be identified by the use of forward-looking terminology such as “estimates,” “believes,” “anticipates,” “intends,” expects” and similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on SIAF’s current expectations and beliefs concerning future developments and their potential effects on SIAF. There can be no assurance that future developments affecting SIAF will be those anticipated by SIAF. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. 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 may be required under applicable securities laws.

The notes accompanying these financial statements included in the Form 10-Q to be filed with the Securities and Exchange Commission on are an integral part of these consolidated financial statements.

The notes accompanying these financial statements included in the Form 10-Q to be filed with the Securities and Exchange Commission on are an integral part of these consolidated financial statements.

The notes accompanying these financial statements included in the Form 10-Q to be filed with the Securities and Exchange Commission on are an integral part of these consolidated financial statements.

SOURCE Sino Agro Food, Inc.