China Agro Meals is submitting its annual report 2021


GUANGZHOU, China, March 29, 2022 (Globe Newswire) —

29 March 2022

The corporate is submitting a Kind 8K detailing its Annual Report 2021, previously referred to as 10K 2021 Report on 29 March 2022, as the corporate quoted on the OTC Pink Sheet.

The abstract of the financials is listed as follows:

a. 31. in 12 months endingscheduled tribe As of December 2021, the corporate’s income and earnings are generated from the next enterprise actions:

1. leasing enterprise actions

2. investing in buyers

whereas

1. Consolidated income is generated by leasing the next enterprise actions:

HSA’s Natural Fertilizer Operations.

Cattle Farm Operations of (MEIGI) and (JHMC)

Plantation Operations (JHST)

2. Nonconsolidated earnings is generated from the investments of the next 2 buyers:

45% fairness holding in SJAP

36.6% Fairness Holding in Tri-Method

b. A abstract of every enterprise division and operation is described beneath:

B.1 Division of Leasing Operations (1):

HSA’s Natural Fertilizer Operations.

Operation of Hunan Shenghua A Energy Agriculture Co., Ltd. (“HSA“) is within the manufacture and sale of natural fertilizers, from 1scheduled tribe October 2019 The corporate entered right into a contract for the manufacture and sale of natural fertilizers for its operational administration; As such HSA earnings is especially derived from the stated leasing contract.

Plantation Operation of (JHST)

Plantation operation refers back to the operation of Jiangmen Metropolis Heng Sheng Tai Agricultural Improvement Co. Ltd (“JHST”) in HU Plantation enterprise, the place dragon fruit flowers (dried and recent), vegetable crops and immortal greens (dry) are being grown. Huh. and bought in wholesale and retail markets. JHST’s monetary statements have been consolidated into the monetary statements of Macau EIJI Firm Restricted (“MEIJI”) as an entity. With impact from 1 October 2019 the corporate contracted its plantation operations to its operational administration; As a result of such earnings of JHST is especially derived from the stated leasing settlement.

Animal Farm Operations of (MEIJI) and (JHMC)

Cattle Farm Division refers back to the operation of Cattle Farm 1 underneath Jiangmen Metropolis Hold Mei Cattle Farm Improvement Co. Ltd (“JHMC”) the place cattle are being grown, fattened and bought to third-party livestock wholesalers who feed them primarily. From Guangzhou and promote to Beijing. Livestock Wholesale Market. JHMC’s monetary statements are consolidated into Meiji as a single entity with Meiji’s operations in consulting and serving for the event of different cattle farms (e.g., Cattle Farm 2) or associated initiatives. With impact from 1 October 2019, the Firm contracted its animal operations to handle its operations; As a result of such earnings of JHMC is especially derived from the stated leasing settlement.

Complete leasing income and gross revenue for the fiscal yr ended December 31, 2021 are $10,582,565 and $4,329,605 respectively, representing 100% of the Group’s whole consolidated income and gross revenue of $9,892,398 as in comparison with the fiscal yr ended December 31, 2020, and revenues of $9,892,398. signify a gross revenue of $7,567,647. The 2-year income variations are primarily as a consequence of an appreciation of the common RMB from 2020’s US$1 = RMB6.90 to 2021’s US$1 = RMB6.45.

B.2.Division of Investments amongst Fairness Traders (2)

45% fairness holding in SJAP

SJAP has change into an investee of SIAF with impact from 01102019, such that its financials should not detailed in SIAF’s Consolidated Financials, however are reported underneath Investments in Invested.

SJAP’s investments accounted for the corporate’s share of losses – $3.5 million for the yr ended December 31, 2021.

36.6% Fairness Holding in Tri-Method

Tr-Method’s investments accounted for a part of the corporate’s losses – $52.06 million for the yr ended December 31, 2021.

Please discuss with the Annual Report 2020 Reported inside this 8K for the entire monetary assertion and associated particulars.

contact info:
Solomon Lee
CEO of SIAF. solomon.lee1@vip.163.com



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