China Agri Industries : Announcement In Relation To The Estimated 2019 Interim Results

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ANNOUNCEMENT IN RELATION TO THE ESTIMATED 2019 INTERIM RESULTS

This announcement is made by the Company pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Listing Rules. Based on the Group's unaudited consolidated management accounts for the six months ended 30 June 2019, the Company is expected to record a profit attributable to owners of the Company of approximately HK$430 million, as compared to approximately HK$750 million for the corresponding period in 2018.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by China Agri-Industries Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) and Rule 13.09(2)(a) of the Listing Rules.

The board of directors (the "Board") of the Company wishes to inform the shareholders of the Company and potential investors that based on the Group's unaudited consolidated management accounts for the six months ended 30 June 2019, the Company is expected to record a profit attributable to owners of the Company of approximately HK$430 million, as compared to approximately HK$750 million for the corresponding period in 2018.

During the period, the breeding industry witnessed falling hog stocks mainly due to the impact of the African Swine Fever, resulting in a weaker demand and lower market prices of soybean meals and other materials for animal feeds. As a result, the average profit margin of domestic oilseeds processing industry narrowed as compared to those of the corresponding period last year, and this also negatively affected the performance of the Company's oilseeds processing business. In addition, as the Company continued to implement its existing strategies, promoted its branded businesses and expanded its business scale during the period, the Company experienced total sales volume growth of major products, nevertheless, the selling and distribution expenses have increased as compared to the corresponding period last year, and accordingly the profit level has decreased as compared to the corresponding period last year.

1

The information contained in this announcement is only based on the preliminary assessment made by the Company with reference to the Group's unaudited consolidated management accounts for the six months ended 30 June 2019, which have not been reviewed or audited by the Company's auditor. Shareholders of the Company and potential investors are advised to read the Company's interim results announcement for the six months ended 30 June 2019 which will be published before the end of August 2019.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

China Agri-Industries Holdings Limited

LUAN Richeng

Chairman

Hong Kong, 10 July 2019

As at the date of this announcement, the Board comprises: Mr. LUAN Richeng as chairman of the Board and non-executive director; Mr. WANG Zhen, Mr. XU Guanghong and Ms. HUA Jian as executive directors; Mr. JIA Peng and Mr. MENG Qingguo as non-executive directors; and Mr. LAM Wai Hon, Ambrose, Mr. Patrick Vincent VIZZONE and Mr. ONG Teck Chye as independent non-executive directors.

2