China Agri-Products Exchange Limited (the "Company") (SEHK Stock code: 149), is one of the largest agricultural trading companies in China. By providing agricultural wholesale trading platforms driven by top-tier management, food safety control, distribution and logistics services, the Company aims to establish modern marketplaces for buyers and sellers to trade or exchange agricultural produce. Our agricultural produce exchanges are strategically located within close proximity to major railways, highways, river-trade terminals and are key gathering places for buyers and sellers, thereby making them become trading hubs for all agricultural produce from their respective regions. Owing to our dedication towards fostering developments in agriculture, the Company fully supports the PRC Government's "Vegetable Basket" project initiatives to modernize, centralize, and systematize distribution of agricultural produce, as well as the policies to increase farmers' income and stabilize standards of living in the farming villages. We seek to contribute to these developments through creating premium modern wholesale platforms for agricultural produce and promoting a fair, efficient and modernized trading environment.

With continued growth of the agricultural industry, continuous innovations in agricultural technology and favorable supportive policies from the PRC government, the company sees great opportunities lying ahead in all regions of the PRC for trading agricultural produce. We will strive to build and expand our network of wholesale trading platforms through establishing partnerships in the PRC and constantly exploring business development opportunities for managing agricultural by-products wholesale markets located in different cities and provinces. [Horizontal development] We will also continue to optimize and streamline the trading platforms our existing marketplaces provide, through continuously updating our management and logistical protocols and introducing latest technologies, so as to achieve international standards of operation. [Vertical development]. Our aim is to create synergy by constructing a network of agricultural produce exchanges in different regions of the country, thereby building a reputable, centralized brand that is capable of facilitating effective movement of quality agricultural produce across the PRC.

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