China Agri-Industries Holdings Limited (“China Agri” or “the Company”; Stock Code: 606.HK), a leading producer and supplier of processed agricultural products in China, is pleased to announce that the Company has won the Annual Recognition Awards from Corporate Governance Asia magazine for its commitment to maintaining high standards in corporate governance for two consecutive years.

The Corporate Governance Asia Recognition Awards recognize Asian companies that demonstrated excellence in corporate governance with Asian values and spirit.  Judging criteria include the company’s track record for corporate governance, improvement or enhancement of corporate governance standards during the past 12 months, rights of shareholders, disclosure and transparency, board and management discipline, investor relations practices, corporate social responsibility and environmental practices, etc.

China Agri is honoured to receive the Corporate Governance Asia Recognition Awards for two consecutive years.  The Company has put forward a clear vision of maintaining high standard of ethics, corporate governance, and effective accountability mechanisms in every aspect of its business operations.  Throughout the years China Agri has spared no effort in uplifting its corporate governance standards and has taken a number of initiatives to achieve international best practice in corporate governance.

Despite the recent volatile market conditions, China Agri managed to achieve a 127% increase in net profit in 2008, which is a testimony to its dedication to creating value for shareholders.  China Agri believes effective disclosure, transparent management and an accountable board of directors are the cornerstone of good corporate governance, which forms the basis for sustainable growth.  This accolade will serve as a reminder for all working parties at China Agri to continue to dedicate themselves to upholding the best practice in corporate governance.

About Corporate Governance Asia

First published in 2003, Corporate Governance Asia (www.corporategovernanceasia.com) is the first and most authoritative journal on corporate governance in Hong Kong and Asia.  Published quarterly, Corporate Governance Asia provides news and analysis on corporate governance issues, boardroom performance and shareholder activism.