November 23, 2018

GUANGZHOU, China-- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), a company
focused on high protein food including seafood and cattle is pleased to announce
signing a memorandum of understanding (“MOU”) with Nortus, Lda. for consultation
toward building an aquafarm in Angola.

Sino Agro Food, Inc. has partnered with Nortus Aquacultura e Pesca, Lda, a
private company headquartered in Angola. The companies have signed an MOU to
engage in efforts to develop a vertically integrated farming system in Angola
modeled after the conceptual plan of Sino Agro’s Aquafarms 4 and 5. In addition
to production farms and training, the plan calls for both upstream and
downstream assets, including hatcheries, feed mills, marketing, distribution,
and export. The document will serve as registration for a funding request from a
regional Angolan state sponsored aquaculture agency to Angolan authorities for
inclusion in the China Credit Line to Angola within the framework of existing
excellent relations between the two countries.

SIAF will conduct the project deployment operations.

A step-wise, milestone based and dependent project is planned to build an
aquaculture farm to produce 60,000 metric tons per year of seafood, primarily
Tilapia, African Catfish and Malaysian Tiger prawns, as well as 150,000 metric
tons per year of feed, and fruits and vegetables.

Nortus, Lda. Principal Rui Sancho commented, “Nortus, Lda has extensive
knowledge of the aquaculture industry and the mandates of the Angolan regional
and national agriculture agencies, as well as existing relations with the proper
authorities to guide the project to funding and fruition.

“Nortus, Lda  appreciates SIAF's great experience and know how in the
development of projects to reach the full potential of Angola’s ambitions to
improve the food diet of the populations of Angola, other parts of Africa, and
to export surplus product. The project will utilize identified extensive arable
land with clean water springs in the municipalities of Porto Amboim and Cela in
Kwanza Sul, Angola, and Ambaca in Kwanza Norte, Angola. In the future, the
project may be expanded to other locations; namely, the ”Tiger’s Bay Development
Plan in Namibe, Angola.”

Solomon Lee, CEO of Sino Agro Food Inc., stated, “Capital Award, our wholly
owned subsidiary, has deep knowledge and experience developing just the kind of
aquaculture assets envisioned in Angola, where various projects are being funded
through an existing cooperative  understanding between China and Angola. We are
delighted to partner with Nortus, Lda to tailor our technology to the project
aims and to the physical conditions of the project locales.

“For some time Capital Award has evaluated opportunities to export its
expertise. This opportunity presents the best set of commitments to proceed.”

Peter Grossman

Investor Relations

1 (775) 901-0344

info@sinoagrofood.com

Todd Fromer / Elizabeth Barker

1 (212) 896-1215 / 212-896-1203

SIAF@kcsa.com

Nordic Countries

+46 (0) 760 495 885

info-se@sinoagrofood.com

About Sino Agro Food, Inc.

SIAF is a specialized investment company focused on protein food. The Company
produces, distributes, markets, and sells sustainable seafood and beef to the
rapidly growing middle class in China. Activities also include production of
organic fertilizer and produce. SIAF is a global leader in developing land based
recirculating aquaculture systems (“RAS”), and with its partners is the world's
largest producer of sustainable RAS prawns.

Founded in 2006 and headquartered in Guangzhou, the Company had over 550
employees and revenue of USD 198 million in 2017. Operations are located in
Guangdong, Qinghai, and Hunan provinces, and in Shanghai.  Sino Agro Food is a
public company listed on OTCQX U.S. Premier in the United States and on the Oslo
Børs’ Merkur Market in Norway.

News and updates about Sino Agro Food, Inc., including key information, are
published on the Company’s website (http://www.sinoagrofood.com), the Company’s
Facebook page (https://www.facebook.com/SinoAgroFoodInc), and on twitter
@SinoAgroFood.

Forward Looking Statements

This release may contain forward-looking statements relating to the business of
SIAF and its subsidiary companies. All statements other than historical facts
are forward-looking statements, which can be identified by the use of
forward-looking terminology such as “believes,” “expects” or similar
expressions. These statements involve risks and uncertainties that may cause
actual results to differ materially from those anticipated, believed, estimated
or expected. These risks and uncertainties are described in detail in our
filings with the Securities and Exchange Commission. Forward-looking statements
are based on SIAF’s current expectations and beliefs concerning future
developments and their potential effects on SIAF. There is no assurance that
future developments affecting SIAF will be those anticipated by SIAF. SIAF
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required under applic