Sinofert Holdings Limited announced that Mr. Qin Hengde has resigned as Chief Executive Officer of the Company with effect from 6 January 2023 due to adjustment of work arrangements. The Board further announced that Mr. Ma Yue has been appointed as Chief Executive Officer of the Company with effect from 6 January 2023. Mr. Ma Yue graduated from the management science engineering department of Beijing Jiaotong University with a bachelor's degree in July 2001, and obtained a master's degree in business administration from Tsinghua University in January 2013.

Mr. Ma joined Sinochem Fertilizer Company Limited, a subsidiary of the Company, in July 2001, holding positions including the general manager in its various branch offices and network development department, and became an assistant to the general manager of the Company in November 2015. Mr. Ma has been serving as the deputy general manager of the Company since January 2017, and the vice chairman of China region of Syngenta Group since June 2020.