The board of directors of Sinofert Holdings Limited announced that Mr. WANG Hong Jun has been appointed as an Executive Director, the Chief Executive Officer and the Chairman of the Corporate Governance Committee of the company with effect from 7 March 2014. From 1995 to 2012, Mr. Wang held various positions including the Deputy Manager and the General Manager of Strategy Planning Department of Sinochem Group. Mr. Wang currently holds the positions of Assistant to the General Manager of Sinochem Group and Sinochem Corporation, respectively, and acts as the General Manager of Sinochem Agro Co.

Ltd. Mr. Wang will resign from the above-stated positions with Sinochem Group, Sinochem Corporation and Sinochem Agro Co. Ltd. The Board announced that Mr. FENG Zhi Bin has resigned as an Executive Director, the Chief Executive Officer and the Chairman of the Corporate Governance Committee of the company with effect from 7 March 2014 due to personal reasons. Due to the resignation of Mr. Feng, he has ceased to be the authorized representative of the company with effect from 7 March 2014.

The Board further announced that Mr. Wang has been appointed as the authorized representative of the company with effect from 7 March 2014.