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.

CHINA KANGDA FOOD COMPANY LIMITED

中 國 康 大 食 品 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Hong Kong Stock Code (Primary Listing): 834)

(Singapore Stock Code (Secondary Listing): P74)

PROFIT WARNING

This announcement is made by China Kangda Food Company Limited (the "Company", 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 under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

The board ("Board") of directors ("Directors") of the Company wishes to inform the shareholders and potential investors of the Company that, based on a preliminary review of the unaudited management accounts of the Group for the six months ended 30 June 2021 and information currently available, it is expected the Group will record a net loss attributable to the shareholders of the Company of approximately RMB39.8 million for the six months ended 30 June 2021 (six months ended 30 June 2020: net loss of approximately RMB1.6 million). The main reasons for the increase in net loss were mainly attributable to the decrease in gross profit due to the increase in the price of raw materials of animal feed ingredients and the recognition of loss on disposal of under-utilised or obsolete property, plant and equipment.

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The Group is still in the process of finalising its interim results for the six months ended 30 June 2021. The information contained in this announcement is only based on the preliminary assessment by the Board with reference to the unaudited management accounts of the Group for the six months ended 30 June 2021 and information currently available and the same has not been reviewed nor audited by the auditors of the Company. Details of the Group's interim results for the six months ended 30 June 2021 will be disclosed in the interim results announcement, which is expected to be published on 30 August 2021.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

On behalf of the Board

China Kangda Food Company Limited

Fang Yu

Chairman, Executive Director and Chief Executive Officer

Hong Kong, 20 August 2021

As at the date of this announcement, the executive directors of the Company are Mr. Fang Yu (Chief Executive Officer and Chairman), Mr. An Fengjun, Mr. Gao Yanxu, Mr. Luo Zhenwu and Mr. Li Wei; and the independent non-executive directors of the Company are Mr. Chan Ka Yin, Mr. Li Xu and Ms. Hui Wing Man.

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China Kangda Food Company Ltd. published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 15:53:05 UTC.