Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
November 08 2017 - 4:06PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number: 000-54191
NOTIFICATION OF LATE FILING
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Form 10-K
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Form 20-F
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Form 11-K
x
Form 10-Q
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Form 10-D
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Form N-SAR
For Period Ended: September 30, 2017
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Transition Report on Form 10-K
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Transition Report on Form 20-F
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Transition Report on Form 10-Q
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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
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SINO AGRO FOOD, INC.
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Address of principal executive office
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Room 3801, China Shine Plaza, No. 9 Lin He Xi Road
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City, state and zip codet
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Tianhe District, Guangzhou City, PRC
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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.)
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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x
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(b)
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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
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(c)
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The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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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-Q for the fiscal quarter ended
September 30, 2017 has imposed requirements that have rendered timely filing of the Form 10-Q impracticable without undue hardship
and expense to the registrant.
Part
IV
Other
Information
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(1)
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Name and telephone number of person to contact in regard
to this notification
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Lee Yip Kun Solomon
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(860)
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20 22057860
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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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).
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x
Yes
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No
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(3)
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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?
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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 Company’s revenues generated
from sale of goods decreased by approximately $55 million, or 55%, from approximately $100 million for the quarter period ended
September 30, 2016 to approximately $45 million for the same period ended September 30, 2017.
The Company’s revenues generated
from project development decreased by approximately $20 million, or 87%, from $23 million for the quarter period ended September
30, 2016 to $3 million for the same period ended September 30, 2017.
The overall poor performance primarily
had been due to the impact of large volumes of imported beef unsettling the local beef industry, which led to poor performance
in the following segments: concentrated live-stock feed and deboning of imported beef, and, also contributing, limited service
revenue derived from consulting and services this quarter resulting from Tri-way’s commitment to forego capital expenditures until
sufficient debt and/or equity financing becomes available to carryout farm development.
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.
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Dated: November 8, 2017
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/s/ Lee
Yip Kun Solomon
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By: Lee Yip Kun Solomon
Title: Chief Executive Officer
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