Sinofert Holdings Limited (hereafter referred as “Sinofert”, SEHK: 0297, which succeeded Sinochem Hong Kong Holdings Limited in December 2006) successfully completed the acquisition of China Fertilizer (Holdings) Company Limited and its subsidiaries (collectively the “Fertilizer Group”) on in July 2005. Thereafter Sinofert and its subsidiaries (collectively the “Group”) has become the first company in the Chinese fertilizer industry ever listed in Hong Kong. The Group is now a comprehensive fertilizer enterprise centering on distribution services and vertically integrating the upstream, midstream and downstream of the industry chain.

Major businesses of Sinofert and its subsidiaries (the “Group”) include production, I&E, distribution, and retail of fertilizer raw materials and products, as well as research and development and services in the field of fertilizer-related business and products.

According to the turnover of 2006, the Group can be rated as:

• The largest fertilizer distributor in China,

• The major supplier of imported fertilizers in China, and

• A major phosphate and compound fertilizers producer in China.

The Group’s competitive strengths are mainly reflected in:

• Its business model centering on distribution services and integrating production, supply and sales forsynergic development,

• The largest self-owned and self-run fertilizer distribution and sales network in China,

• Its abilities to produce and market the most complete varieties of fertilizer products, including nitrogen,phosphate, potash and compound fertilizers to the customers,

• Its strategic alliance with major international suppliers for the exclusive distribution and sales of their products in China,

• Its complete agrichemical services system directly reaching the farmers.

Mission of the Group: “Basing ourselves in China to deploy fertilizer resources from among the global markets to serve the needs of the country’s food security and agricultural production”. The Group constantly aspires to achieve sustained, stable and rapid growth, to deliver value and returns to the shareholders, and to be committed to social responsibilities.

The ultimate controlling shareholder of Sinofert is Sinochem Corporation, which currently holds 53.53% of the issued ordinary shares of Sinofert through its wholly-owned subsidiary, Sinochem Hong Kong (Group) Company Limited (“Sinochem HK”). The second largest shareholder of Sinofert is Potash Corporation of Saskatchewan Inc. (“PotashCorp”), which is the largest potash producer in the world, and currently holds 20% of the issued ordinary shares of Sinofert. The remaining 26.47% of the issued ordinary shares of Sinofert are held by the public.