Investor Presentation

January 2010

Sino Agro Food, Inc.

OTC: SIAF
www.siafchina.com
Safe Harbor Statement Investor Presentation

This presentation 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
“believes, expects” or 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.
Corporate Profile Investor Presentation

Company Name Sino Agro Food Inc.

Place of incorporation Nevada, USA
Company Registration Number C3048-1974
CUSIP Number 00203A102
ISIN Number US00203A1025 Company PCAOB Auditor Madsen & Associates
OTC Ticker SIAF CPA’s Inc.
Telephone 801-268-2632
Contact Unit 11, 37th F, No. 9 Lin He Xi Road,
Fax 801-268-3978
Tianhe District, GuangZhou, P.R.C. 510610
Telephone 86-20-22057860
Investment Banker Rosewood Securities ,LLC
Fax 86-20-22057863
Telephone (USA) 540-675-3149
Website www.siafchina.com
Fax (USA) 540-675-3369
Email info@siafchina.com
Website www.belmontpartners.net
Company Securities Attorney Williams Securities
Law Firm Transfer Agent PacWest Transfer, LLC
Telephone (USA) 813-831-9348 Telephone 702-270-9646
Fax (USA) 813-832- 5284 Fax 702-433-1979
Website www.gopublicdirect.com Website www.yourtransferagent.com

Company Lawyer (China) Everwin Law Office Shares Authorized 100,000,000

Telephone 8620-38870111 Shares Outstanding 53,244,016
Fax 8620-38870222 Shares Restricted 40,534,649
Website http://www.guangzhoulaw.cn Public Float 12,709,357

Company Lawyer (Malaysia) Edwin Lim & Suren Preferred Shares Authorized 10,000,000
Telephone 603-2167003 Preferred Shares Outstanding None
Attorney Mr. Anthony Soh
Financial Overview Investor Presentation

2006 2007 2008 2009

(Audited) (Audited) (Unaudited) (Pro Forma)

Revenue $13,912,046 $16,230,827 $15,504,154 $19,033,287

Gross Profit $12,274,670 $10,467,605 $7,786,961 $12,253,064

Net Profit ($9,933,658) $3,540,609 $3,928,629 $6,763,234

Earnings Per Share

($0.31) $0.06 $0.07 $.0.13
Diluted

Total Assets $22,734,839 $62,840,585 $72,211,285 $86,150,495

Total Liabilities $2,995,682 $15,725,819 $17,373,819 $19,308,391

Stock Holders Equity $19,739,157 $47,114,766 $51,043,395 $57,782,775

Book Value $0.37 $0.89 $.0.96 $1.09

 Investment Highlights Investor Presentation

Quoting from Jim Rogers (author of "A Bull in China") that

“Chinese agriculture is another thing I think is going to boom because it's such a
wreck. The Chinese government is throwing money and incentives at agriculture”

Commodities and in particular soft commodities (food) are on an upward trend that
is part of a long term mega-trend driven by emerging markets demand (especially
in China but also in BRIC countries)

This asset class is now the darling of people's portfolios as it hedges against inflation
and provides diversification from downward pressure in industrials and
financial services (negatively correlated to other assets)

Increasing populations plus increasing wealth and changing preferences and eating
habits in some of the world's most populous markets is driving new demands on
these goods.

Given the negative correlation of commodities to other sectors, even a

longer term US recession will not dampen demands for commodities.

The best commodities investments are in emerging markets (especially China 1.3
billion growing population) where local players who can achieve scale will be in
a long term dominant market position (price makers)

Quoting ABN Amro analyst Miles Ashton that

“Commodity based investments are a sensible long term strategy and not
just short term speculation”
Management Investor Presentation

Mr. Lee Solomon (Yip Kun), Chairman and

Chief Executive Officer , is a pioneer of Fish
Protech Projects in the South Pacific Region. He
has over 30 years combined experience in the
Fishery Industry. From 1998 to 2002, Mr. Lee
was the Chief Executive Officer for Irama Edaran
Sdn. Bhd and AA Concepts Sdn. Bhd, companies
located in Malaysia in the business of
Aquaculture Fishery development. In that
capacity, Mr. Lee was responsible for marketing
and development of Aquaculture projects. From
2003 through 2007, Mr. Lee served as the owner
and sole director of Accurate Asset Group Ltd.
and as Chairman & CEO of Capital Award, Inc.
Mr. Lee received a BOA in accounting and
economics (Australia).
Mr. Peter Tan (Paoy Teik), Executive
Director, has over 28 years experience in
the food industry with expertise in
corporate affairs and marketing as a
director in several private limited and
Malaysian publicly listed companies. He
also serves as a managing director of Milux
Corporation Berhad, (listed on the KLSE).
Mr.Tan is also a specialist in the middle
east and the China markets.
Management contd. Investor Presentation

Mr. Sun Xi Min, Director, is the pioneer

and manager of ZhungXing Cattle
Husbandry Co. Ltd., who has over 30 years
of experience in the cattle and dairy
industry. He is a member of the Government
Committee of Fengning, Vice Chairman of
the Chamber of Commerce Beijing, and
Chairman and Pioneer of Agriculture
Enterprises China.

Mr. Michael Chenn (Bor Hann),

Director and Secretary, is a merchant
with many years of experience in the
Fishery Industry.  He is one of the
pioneers of Fish Protech Projects,
Malaysia. From 1998 to 2005, Mr. Chen
worked as project and sales manager for
Irama Edaran Sdn. Bhd, a company
located in Malaysia, in the business of
Aquaculture Fishery development. He
was also responsible for the
development and commissioning of
farms. From 2005 to 2007, Mr. Chen
served as director and secretary of
Capital Award, Inc. He is responsible for
marketing the Fish Protech farms
development in the P.R.C.
Company Overview
SIAF’s Capital Award Inc. subsidiary
develops and manages modern
fisheries, which produce table seafood
for the global market. The Company is
China’s exclusive licensee for “A Power
RAS” (“Re-circulating Aquaculture
System”) technology, which is used for
the on-site production of chemical and
pollution-free seafood. SIAF generated
approximately 90% of revenues from its
dairy operations last year, while the HU
plantation and fishery business
contributed 7.6% and 1.6%,
respectively.
Investor Presentation
Sino Agro Food Inc. (“SIAF”) is an integrated, diversified
agriculture technology and organic food company with
subsidiaries operating in China. The Company, through its
ZhungXing Cattle Husbandry Co. Ltd. and Heng Sing Tai
Agriculture Development Co. Ltd. subsidiaries, provides
organic produce, fresh liquid milk and fresh green
Hylocereus Undatus (“HU”) flowers for human
consumption in China.
In June 2009, the Company formed a joint venture with one
of the largest agriculture companies in China with over
$4.4B in assets, Chinese state-owned SanJiang Agriculture
Co. Ltd. Pursuant to the terms under the agreement,
SanJiang will license the Company’s bio-organic fertilizer
and stock-feed technology. Using the Company’s proven
efficient Organic model, this technology enables the
processing of agricultural waste products into feedstock for
sheep and cattle. The Joint Venture aims to become one of
the largest organic beef suppliers in China. SIAF owns a
40% equity interest in the joint-venture project
 Our Technology Investor Presentation

By an agreement dated November 12,

2008, we acquired a patented “Intellectual
Property” namely “Zhi Wu Jei Gan Si Liao
Chan Ye Hua Chan Pin Ji Qi Zhi Bei Fang
Fa” registered under Patent Number
“ZL2005 10063039.9” and Certificate
number “329722” of China, (Livestock
Capital Award Inc.
.
• Selling “A Power” Sub-licenses
• Providing fishery consulting services
•Selling fishery plants and equipment

feed Manufacturing Technology), for the •Marketing of fish and fish products

manufacturing of Livestock feed designed •

Management of fisheries.
and applied for the consumption of beef
cattle, cows, sheep and other animals. The
Company also uses a special bacteria as Heng Sing Tai Agriculture
part of the process. Development Co. Ltd
Grower of green Dragon
The Company also has the exclusive
fruit flowers and Processor
rights to license “A Power RAS “
of green dragon fruit
technology in China, which is a fish
flowers
growing system and technology
including the design of “A Power RAS“
integrated water treatment system ZhungXing Cattle
covering all related parts and Husbandry Co. Ltd.
components and the “A Power RAS “ •Fresh liquid milk
farm operation’s management systems •Beef cattle
and procedures. The system and •Stock–feed
technology are based upon a re- •Fertilizer
circulating Aquaculture System, or
“RAS”. In an “A Power RAS” designed
fish growing system, fish are grown in a
modular system
Sino Agro Food’s Efficient Investor Presentation

Organic Cycle
Our Key to success is the Use of Farmer Cooperatives

Distributing and marketing Organic quality Beef,

Lamb and Dairy products directly to the end
consumer. Animal waste and by products of stock feed
manufacturing combined to make high quality
Organic fertilizer.
Processing and packing of meat and dairy
products that will have uniform standard
of organic quality Supplying fertilizer to farmers

Buying back the beef cattle and Buying back the whole crops
sheep from the farmers for dairy (inclusive produces’ wastes, i.e.
and meat sales operations stems and leaves) from the
farmers

Supplying the livestock feed to Turning the whole crops into

the cattle and sheep farmers Organic livestock feed using
patented processes
Zhung Xing Agriculture and Husbandry
Investor Presentation

ZX is one of only a handful of government-certified organic milk

producers in China. It has a herd of approximately 3,500 dairy cows
and currently produces some 21,000 tons of liquid milk annually.
Current plans call for an increase in the total herd to over 15,000
cows by the end of 2012, which will raise potential production to over
120,000 tons of milk annually. The dairy is located approximately 90
kilometers from Beijing City and benefits from a new highway under
construction that will improve access to Beijing and surrounding areas
with a population reach of over 60 million people.

Major Customers of the Company ZhungXing Cattle and Husbandry may not be the biggest but it is one
of the most modern dairy farms in China
* TianJin Mu Dairy Co. Ltd.
* Chengde Huang Yuan Dairy Co. Ltd. Producing and supplying 100% pure Organic
* Mengniu Dairy Group (Largest China Dairy) milk.
Equipped with the Has one of the best
* Yili Dairy Group (Second Largest) most up to date quarantine stations
feed mixing and in the country
milking equipment
Currently is
Has Vast forage cropping over 1,000
storage facilities acres of pastures
and room for and forage enabling
expansion self sufficient feed
supply
Equipped with fertilizer mixing Has high standard of
plants for the processing of cattle veterinary facilities
waste into organic fertilizer. and in house
services
Wholesale Dairy Sales Investor Presentation

Currently ZX is selling mainly fresh liquid milk in bulk directly to the value
added manufacturers who use the milk to make products such as yoghurt,
milk candies, cream cheese products and almost 300 other lines of products

Types of Cattle 2009 2010 2011 2012

Milking cows in production 3,500 4,761 6,282 7.577

Standby Milking cows 1,400 1,904 2,513 3,031

Nursery calves 1,202 1,635 2,158 2,602

Imported Cattle 1,800 0 0 0

Beef Cattle 880 1,197 1,580 1,905

Total Livestock 8,782 9,498 12,532 15,115

Dairy Production and Output 2009 2010 2011 2012

Rate of Production, Tons per Cow 6.89 6.89 7.08 7.50

Dairy Production per Ton 24,115 32,803 44,477 56,828

Total Estimated Sales Revenue $11.4M $15.4M $21M $26.8M

Total Estimated Gross Profit $5.9M $8M $10.9M $13.9M

Retail Dairy Sales Investor Presentation

ZX is currently offering 3 main lines of retail products consisting of up to

12 varieties under the brand name “YuanTianRan”, translated as “Green
and Natural”, in addition to its wholesale dairy production. Successful
trials in 4th quarter 2009 provided data the Company used for it’s Pro
Forma estimates.

Estimated Information on Retail

Dairy Products against wholesale 2010 2011 2012
production

Percent of production of retail dairy

10% 15% 25%
products against total dairy production

14,200
Production of retail tonnage 3,280 tons 6,600 tons
tons

Estimated target number of families in

27,500 55,600 118,500
surrounding Beijing

Estimated Sales Revenue $6.5M $13.2M $28M

Estimated Gross Profit $2.5M $5.1M $10.9M

Return on Investment 20% 54% 126%

 Heng Sing Tai Agriculture Investor Presentation

HST is a horticulture company located in Enping City, GuangDong Province. It is engaged

in the planting, development, cultivation and management of Hylocereus Undatus (HU
Plants) plantations, a high margin crop commonly known as “Dragon Fruit”

The plantation currently has over 150 acres of HU Plants planted and has an additional
400 acres of land bank undeveloped. It takes three years for a HU Plant to reach maturity
whilst harvest of flowers starts with second year plant yielding up to 45,000 pieces of fresh
flowers per acre. From maturity a HU plant’s normal high yielding life span is up to 18
years and has an average yield up to 150,000 pieces of fresh flowers per year per acre.

HST has one of the best growing technologies, namely AP2000, for the growing of HU
Plants, AP2000 has the following advantages over its competitors:

*Controlling plant diseases

*Saving on fertilization cost
*Saving on field management
*Saving on plant damages
*Organic cultivation
*Ensuring productivity

HU Flowers have strong traditional markets in China and in Asia due to its recognition as
a healthy food. Before 2003, main sources of supplies of HU Flowers were from 50,000
acres planted in certain districts of the Guangdong province, but due to the rapid industrial
developments of the past years, there are now less than 5,000 acres of plantation left in
Guangdong. This situation created a huge short fall of supply in HU Plants in recent years.
Capital Award Inc. Investor Presentation

CA develops and manages modern fishery projects throughout Asia. It

holds a Master license for “A Power RAS” technology in China, which is
used to farm pollution-free seafood. The technology enables consistent
production and supply of high-quality seafood to nearby city centers on a
year-round basis. From 2005 to 2007, CA operated mainly as an
aquaculture consultant. The Company plans to develop demonstration
farms through joint ventures and has secured funding commitments from
two partners. The Company plans to begin building its first fish farm in
2010 and commence production of 500 metric tons of seafood annually.
CA is actively engaged in the following:

• Selling Technology Sub-licenses

• Providing fishery consulting services
• Selling fishery plants and equipment
• Marketing of fish and fish products
• Management of fisheries.
The HuangYuan Joint Venture Investor Presentation

QingHai, Huangyuan, SanJing APower United Corporation Ltd. is a Joint

Venture project between Sino Agro Food, Inc., a 40% stake holder, China
state owned SanJing Agriculture Co. Ltd., a 40% stakeholder and various
investors that make up the remaining 20%.

Using Sino Agro Food’s efficient organic cycle, farmer cooperatives and patented technologies, the project is to
produce organic feedstock, fertilizer, beef, lamb and fish products. These products will be processed and graded
to be sold directly by the Joint Venture to the end consumer through specialty retail shops set up by the Joint
Venture under designed Franchising programs. The Company will also sell through select reputable super market
chains contracted to the Joint Venture, via the support of Brands and Labels that will be developed by the Joint
Venture.
Project Production 8/2009 – 11/2010- 11/2012-
Estimates 10/2010 10/2011 10/2012

Livestock Feed 20,000 tons 30,000 tons 60,000 tons

Organic Fertilizer 15,000 tons 30,000 tons 50,000 tons

Beef Cattle 2,000 Head 3,000 Head 4,000 Head

Live Fish Demonstration Farm - - 125 Tons

The Huangyuan Government will provide the project site, which is situated within close proximity of the town
centre of HuangYuan District, rental free for a minimum period of 2 years, upgrade the existing internal main
roads and electricity supply at the expense of the Government. The site has approximately 175 Mu (or
equivalent to 115,000 m2) of land zoned for semi-industrial and commercial application. The site is fully
fenced and serviced with all basic infrastructure, containing over 30 buildings measuring from 600 m2 to 750
m2 per building totaling over 21,000 m2 of built up areas. All buildings are in excellent condition and were
built to serve as storage facilities for a railway transportation hub that ceased operation approximately 6 years
ago.
 Dairy Industry Recovery
市场回暖， “抢奶源 ”重来
The Market Ascending. People Rushing for the Milk Again
“Recently, Dairy Industry Associations of the province
investigated into Shijiazhuang, Zhangjiakou and Baoding,
and discovered that in some areas the event of rushing for
milk repeats itself with the ascending of dairy products
market. There is disorder in some fresh liquid milk
purchasing. “ Source: 新华网河北频道 Xinhua
News Hebei
“ 卖奶难”结束，收购价近翻番
The Difficult Times Ended. The Purchasing Price of Milk
Almost Doubled.
“The data shows, the dairy production of our province
has been growing greatly since Sep. and the amount
is 172,700 tons, which has increased by 22.48%
when compared with the same period last year, and
the production of fresh liquid milk is 164,300 tons,
increasing by 24.83% compared with the same period
last year. “
“With the improving market outlook and the
increasing of dairy production, the difficult times in
the early parts of this year appear reversed. As per
the investigation, the purchasing price of raw milk in
Shijiazhuang has almost doubled and the selling
price is between RMB3.10 and 3.23 per KG, whereas
it was as low as RMB1.70 per KG in April and May.”
Origin ： 河北日报 Hebei Daily
Investor Presentation
中国产业经济信息网　 CINIC News 　　 11-18-2009
“News Guide: The average purchasing price of
fresh liquid milk has been increasing from
RMB2.50/KG to RMB3.00/KG Since Sep. 2009 after
the long-run of underperformance. Also, the selling
price of milk powder has increased from
RMB14,000/Ton to RMB 25,000/Ton, and the
import milk powder has even increased to
RMB40,000/Ton. One analyst commented that
the increase of the purchasing price of raw
milk is a certain trend.“
“During last year it was frequently reported in
different places that milk is abandoned and cows
are killed due to the great decline in milk price and
the situation where no body purchases milk. Now
the price of milk is returning. In addition,
compared with the beginning of the year the
livestock feed price increased by about 5% is also
a factor to impulse the increase of milk price.
People in the industry are now worried that a rush
by big manufactures attempting to secure supply
may raise the price of milk further”.
5 Year Plan Investor Presentation

SIAF intends to become one of the best quality

producers of the country, dedicated to produce
organic produce and products under its own
brand and label

To become one of the best beef cattle growers

of the country, aiming to grow quality organic
beef cattle and to produce quality organic milk.

To become the country’s first commercial

organic fish producer and to establish the
country’s first commercial in land marine
fishery by 2010.

To become one of the best organic horticulture

producers of the country, by developing up to
1,500 acres of HU plantation by 2014 or earlier.

To establish its own brands and labels to be

recognized globally.

To establish a sustainable marketing network

based on consistency of supply and reliable
services that will bring the Company’s produce
and products directly from farms to the end
consumer markets with economic efficiency
and reliability.
 Listing Strategy Investor Presentation

Currently the Company trades on the

Pinksheets under the symbol SIAF.

The Company has completed audit on its 2006

-2007 financial reports in accordance with the
PCAOB. The Company and its auditors are
currently working on 2008 – 2009 annual
financial reports. The Company expects to be
completed with these audits on or before
March 31st, 2010.

The Company currently is “piggyback”

qualified

The Company expects to file its Form 10 with

the Securities and Exchange Commission on or
before June 30th, 2010. Once the filing is
declared effective by the SEC, the Company
will seek quotation on the OTC Bulletin Board
(OTCBB).

Once trading commences on the OTCBB, the

Company will begin an aggressive Investor
Relations awareness campaign. The Company
will then apply for listing on the NASDAQ once
it has achieved the minimum listing
requirements.
Summary Investor Presentation

Sino Agro Food intends to increase shareholder value by implementing their

strategic 5 year plan, up listing to the OTCBB and eventually the NASDAQ

Ø SIAF is in one of the fastest growing commodity based sectors. Agriculture will continue to make gains
in the years to come.

SIAF is supported by aggressive Government policies and subsides.

Ø

ØSIAF holds key patents and licensing rights to modern technologies in Stock Feed, Fertilizer and inland
Fishery production.

ØSIAF has competitive advantage due to its strategic use of Farmer Cooperatives. Using this model economic
sustainability and lower operating costs are achieved.

ØSIAF currently has established key contracts to supply bulk milk to some of the largest dairies in China.
The Company has also launched it own line of branded dairy products in the consumer rich Beijing
area.

ØSIAF has partnered with one of the largest China state owned Agriculture companies, SanJing
Agriculture Co. Ltd. which employs over 35,000 individuals and has over $4.4B in assets under
management, to supply organic beef, lamb and fish products to the consumer market.

ØSIAF through its exclusive licensing rights expects to become the largest inland supplier of organic
fresh fish and fish products in China using modern, scalable re-circulating aquaculture systems.

SIAF is working towards greater transparency by registering with the SEC and seeking quotation on the
Ø

OTCBB. The Company further anticipates applying for listing on the NASDAQ once it has achieved
minimum listing requirements.