SIAF Sino Agro Food Inc (CE)

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 12b-25

 

Commission File Number: 000-54191

  

NOTIFICATION OF LATE FILING

 

ý Form 10-K

¨ Form 11-K

¨ Form 20-F

¨ Form 10-Q

¨ Form N-SAR

 

For Period Ended: December 31, 2018

 

¨ Transition Report on Form 10-K	¨ Transition Report on Form 10-Q
¨ Transition Report on Form 20-F	¨ Transition Report on Form N-SAR

 

For the Transition Period Ended: _______________________________________

 

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates: _______________________

 

 

PART I

REGISTRANT INFORMATION

 

Full name of registrant	SINO AGRO FOOD, INC.
Address of principal executive office	Room 3801, China Shine Plaza, No. 9 Lin He Xi Road
City, state and zip code	Tianhe County, Guangzhou, PRC

 

PART II

RULE 12b-25 (b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25 (b), the following should be completed. (Check box if appropriate.)

 

x	(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, 20-F, 11-K or Form 10-Q, or portion thereof will be filed on or before the 15 th calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable

  

 

 

 

PART III

NARRATIVE

 

State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed within the prescribed time period.

 

The compilation, dissemination and review of the information required to be presented in the Form 10-K for the fiscal year ended December 31, 2018 has imposed requirements that have rendered timely filing of the Form 10-K impracticable without undue hardship and expense to the registrant.

 

Part IV

Other Information

 

(1) Name and telephone number of person to contact in regard to this notification

 

Lee Yip Kun Solomon	(860)	20 22057860
(Name)	(Area Code)	(Telephone Number)

 

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).

 

x Yes     ¨ No

 

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

 

x  Yes      ¨ No

  

If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

 

The registrant’s revenue on the sales of goods sold decreased to 141,670,564 for the year ended December 31, 2018, representing a decrease of $50,640,439 compared to $181,183,609 for the year ended December 31, 2017. The decrease was primarily attributable to the continuing depressed cattle and beef industry evidenced by the decrease of revenues from SJAP’s operation (from $27.9 million 2017 to $19.3 million in 2018) and the dis-continuing operation of QZH (from $49.3 million in 2017 to $0 in 2018) with the minor decrease in the JHST/Plantation sector (from $4.6 million in 2017 to $3.6 million in 2018) and the Corporate Trading (SIAF & CA) (from $71.8 million in 2017 to $68.5 million in 2018) off-set by the increase in HAS’s fertilizer sector (from $7.2 million in 2017 to $9.6 million in 2018) and MEIJI/Cattle farm sector (from $20.4 million in 2017 to $29.6 million in 2018), collectively.

 

The registrant’s revenue generated from the consulting and service sector decreased to $11.1 million for the year ended December 2018, representing a decrease of $5.9 million compared to 17.0 million for the year ended December 31, 2017. The decrease was primarily attributable to the limited capital expenditure being employed by Tri-way Industries Limited (TW) on its fishery developments and projects whereas CA is the turnkey contractor and consulting engineer for TW.

 

 

 

 

 

SINO AGRO FOOD, INC.  

Name of Registrant as Specified in Charter.

 

Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

 

Dated: April 2, 2019	/s/ Lee Yip Kun Solomon
	By: Lee Yip Kun Solomon
	Title:  Chief Executive Officer