China Agri Products Exchange : POSITIVE PROFIT ALERT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

POSITIVE PROFIT ALERT

This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions under Part XIVA of the SFO.

The Board wishes to inform the shareholders and potential investors of the Company that based on the preliminary review of the unaudited consolidated management accounts of the Group for the twelve months ended 31 December 2019 and other information currently available to the Board, the Group is expected to record a profit attributable to equity owners of the Company for the twelve months ended 31 December 2019 as compared with the net loss attributable to equity owners of the Company for the corresponding period in 2018. Such improvement is mainly attributable to (i) increase in turnover of sales of properties; (ii) increase in net gain in fair value of investment properties; (iii) decrease in impairment of stock of properties and loss in fair value of derivative financial instruments; and (iv) decrease in finance costs and administrative expenses of the Group for the twelve months ended 31 December 2019.

Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.

This announcement is made by China Agri-Products Exchange Limited (the "Company" and, together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) (the "SFO").

The board of directors of the Company (the "Board") wishes to inform the shareholders and potential investors of the Company that based on the preliminary review of the unaudited consolidated management accounts of the Group for the twelve months ended 31 December 2019 and other information currently available to the Board, the Group is expected to record a profit attributable to equity owners of the Company for the twelve months ended 31 December 2019 as compared with the net loss attributable to equity owners of the Company for the corresponding period in 2018. Such improvement is mainly attributable to (i) increase in turnover of sales of properties; (ii) increase in net gain in fair value of investment properties; (iii) decrease in impairment of stock of properties and loss in fair value of derivative financial instruments; and (iv) decrease in finance costs and administrative expenses of the Group for the twelve months ended 31 December 2019.

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As the Company is still in the course of preparing its unaudited second interim results for the twelve months ended 31 December 2019, the information contained in this announcement is only based on the preliminary review of the consolidated management accounts of the Group for the twelve months ended 31 December 2019 which are yet to be confirmed and reviewed by the auditors or property valuers of the Company. The unaudited second interim results of the Group for the twelve months ended 31 December 2019 will be announced in due course by the Company in accordance with the requirements under the Listing Rules.

Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.

By Order of the Board

CHINA AGRI-PRODUCTSEXCHANGE LIMITED 中國農產品交易有限公司

Chan Chun Hong, Thomas

Chairman and Chief Executive Officer

Hong Kong, 20 February 2020

As at the date of this announcement, the executive directors of the Company are Mr. Chan Chun Hong, Thomas, Mr. Leung Sui Wah, Raymond and Mr. Yau Yuk Shing and the independent non-executive directors of the Company are Mr. Ng Yat Cheung, Mr. Lau King Lung and Mr. Wong Ping Yuen.

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