Sino AG — Capital/Financing Update 2017

Jul 17, 2017

Agricultural Bank of China Co. Ltd. Signs Bank-Enterprise Comprehensive Agreement with Jiangman Yili Fisheries

Agricultural Bank of China Co. Ltd. Signs Bank-Enterprise Comprehensive Agreement with Jiangman Yili Fisheries

Revolving Credit Facility and Premier Banking Privileges Highlight Strategic

Partnership

GUANGZHOU, China-- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), a

specialized investment company focused on protein food including seafood and

cattle, wishes to announce a key agreement toward the financing and spinoff of

its former subsidiary, Tri-way Industries, in which Sino Agro Food, Inc. holds a

36.6% ownership interest.

Agricultural Bank of China ("ABC") and Jiangman Yili Fisheries Co. Ltd. China

("JFD"), a fully owned subsidiary of Tri-way Industries Ltd. ("TW") have signed

a Bank-Enterprise Comprehensive Strategic Cooperation Agreement ("BECSCA") this

past week in Guangzhou. JFD is one of the select companies afforded this level

of partnership with ABC in the Guangdong region.

ABC is providing a revolving credit facility to TW/JFD, which is eligible to be

drawn incrementally up to its maximum line of RMB 100 million, with the maximum

line intermittently increased as experience and corollaries between ABC and

TW/JFD materialize. The monetary amount designated for each draw and its use

will be determined in consultation between both parties. A rolling audit of

TW/JFD by ABC is one of the conditions that must be met satisfactorily to permit

continued use and increase of the revolving credit facility.

In addition to the revolving credit facility, the other major provisions of the

agreement include:

· Personal banking VIP channel, which provides one-on-one consultation and

expedited services to its clients;

· Bond and debt advisory, including bond underwriting, debt financing, and/or

direct (equity) investment in the Company;

· Foreign lending and/or foreign investment facilitation, utilizing ABC's

international network of investors and lenders to obtain outside funding sources

in addition to those provided by ABC.

According to the BECSCA, these and other provisions afforded TW/JFD culminate in

what best can be described as a "win-win" joint venture.

Agricultural Bank of China Co., Ltd., the world's third largest bank based on

reported assets, is oriented to create partnerships with well-vetted

corporations with an international focus.

TW plans to develop an aggressive export sales side to complement its already

strong domestic sales operations. This is one of the primary reasons ABC has

requested the Company to become an Enterprise Partner during the build-out phase

of its development.

CEO and CFO Commentary

Mr. Solomon Lee, interim Chairman of TW as well as Chairman and CEO of Sino Agro

Food, Inc., extended his sincere appreciation to the collective management of

ABC for their high level of trust and confidence expressed in TW/JFD's current

operations, and its future impact, both locally and internationally.

Mr. Lee stated, "the 'win-win' partnership signed today with ABC, increases

TW/JFD's capacity to meet its development goals while enhancing its status as an

economic driver throughout the region. Along with its recent 5A-1 rating by Dun

and Bradstreet, the BECSCA arrangement provides further testament to JFD's

parent, TW, providing additional merit to the Company's overall standing and

expanded opportunities within the banking and business communities."

SIAF CFO Dan Ritchey elaborated, "ABC is perhaps uniquely well-suited to help

Tri-Way meet its aims, through not only financial commitment, but also direct

strategic communication, and what it says to partners, customers, and other

constituents about Tri-Way. As communicated previously, Tri-way is in

discussions with financial institutions in other Asian countries."

Peter Grossman

Investor Relations

1 (775) 901-0344

info@sinoagrofood.com

Todd Fromer / Elizabeth Barker

1 (212) 896-1215 / 212-896-1203

SIAF@kcsa.com

Nordic Countries

+46 (0)8 120 558 30

se-info@sinoagrofood.com (erik.ahl@sinoagrofood.com)

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 550

employees and revenue of USD 343 million in 2016. 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 (https://twitter.com/SinoAgroFood).