CHINA XLX FERTILISER LTD. Press Release
(For immediate release)
China XLX Establishes Academician Workstation Leveraging Top Fertilizer Technologies for Sustainable Growth
(28 July 2015, Hong Kong) China XLX Fertiliser Ltd. ("China XLX Fertiliser" or the "Company") (HKSE: 01866.HK) is pleased to announce that its wholly-owned subsidiary, Henan XLX Fertilizer Ltd. ("Henan XLX"), has received approval from Henan provincial government for the establishment of the Academician Workstation of Henan XLX ("Academician Workstation"), the first enterprise-backed fertilizer research institute in Henan province engaging top scientist of the fertilizer field.
The Academician Workstation is dedicated to the research and development of new fertilizer, improving the efficiency of traditional nitrogen fertilizer, optimizing the fertilizer production process and protecting the soil. The workstation has hired Academician Mr. Zhu Zhaoliang to lead the projects for the slow-release nitrogen fertilizer to be applied in the dry farmland and for the controlled-release nitrogen for the Taihu Plain. Zhu Zhaoliang, Academician of Nanjing Institute of Soil Science, Chinese Academy of Sciences, is China's top scientist in the research of soil and agrichemicals.
Technology innovation has been the strategic focus of China XLX. The Company has registered a total of 55 utility patents and 15 invention patents since 2009, continuously strengthening its leading technological edge in the fertilizer industry and effectively supporting the sustainable growth of the Company.
China XLX Chairman and Chief Executive Officer Mr. Liu Xingxu commented, "Leveraging the top agrichemical technologies has guaranteed a real and sustainable growth of China XLX over the past several years. Technology innovation is a key driver for the healthy and rapid growth of our business, facilitating and optimizing our product differentiation strategy. We will continue undertake directed programs on the platform, which we believe could continue to support the growth of our business and create maximum
value for our shareholders."
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China XLX Fertiliser Ltd., one of the largest and most cost efficient coal-based urea producers in China, is mainly engaged in the production and sale of urea, compound fertiliser and methanol. Its annual production capacity of urea, compound fertilizer, methanol and furfuryl alcohol is 2.1 million tons, 1.1 million tons, 300,000 tons and 50,000 tons, respectively. Besides, the 5th plant in Xinxiang, which is under construction, is expected to commence trial production in 2015. The Group forged a strategic partnership with Primavera Capital, an internationally renowned private equity fund, at the end of 2011, aiming to leverage on its extensive experience and resources network in the capital market to sustain stable business growth. The Company's shares are traded on the main boards of the Stock Exchange of Hong Kong Limited (stock code: 01866.HK).
Investor and Media Enquiries:
China XLX Fertiliser Ltd. Zhu Weiwei
Tel: 86-138 4939 1363
Email: weiwei.zhu@chinaxlx.com.hk
PRChina Limited
Peggy Yuan / Charles Chan
Tel: 852-2522 1368
Email: jyuan@prchina.com.hkckchan@prchina.com.hk
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