China XLX Fertiliser : Establishes China Nitrogen Fertiliser Industry (Xinlianxin) Technology Research Centre

Press Release

(For immediate release)

(11 September 2014, Hong Kong) China XLX Fertiliser Ltd. ("China XLX Fertiliser" or the "Company", HKSE: 01866) announces that the Company's wholly-owned subsidiary, Henan Xinlianxin Fertiliser Co., Ltd. was approved to establish the China Nitrogen Fertiliser Industry (Xinlianxin) Technology Research Centre in the Company's headquarters in Henan province by the China Nitrogen Fertiliser Industry Association (CNFIA).
The total investment of the project will amount to approximately RMB60 million. The whole project will be divided into two phases: the first phase with 15 mu intelligent greenhouse, fruit tree plantations and the scientific research building will be completed in December 2015; the second phase with 30 mu intelligent greenhouse and several demonstration yields will be completed in June 2017.
China XLX Fertiliser believes that the establishment of the technology research center will enrich and improve the Company's technology platform, cultivate talent, enhance the Company's technology strength, promote new products, develop the Company's strategy of product differentiation, improve the hardware and software facilities to enhance the development capability.
Mr. Liu Xingxu, Chairman and CEO of the Company, commented, "being a national high technology enterprise, China XLX Fertiliser is focusing on the scientific and technology innovation, and has been awarded as an "Ammonia Energy Consumption Leader" by the China Petroleum and Chemical Industry Federation for 3 consecutive years. The Company has currently owned several professional technology platforms, such as the national postgraduate education workstation, enterprise technology center and measure centre. In the future, the Company will continue to enhance its technological strength in the areas of saving energy and developing controlled release urea, organic fertiliser and efficient fertiliser utilising the technology platform of the China Nitrogen Fertiliser Industry (Xinlianxin) Technology Research Centre. The Company will continue its strategy of improving cost efficiency and product differentiation in order to enhance the profitability, specialisation, and serialisation of its position as a fertiliser supplier."
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About China XLX Fertiliser Ltd.

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 fertiliser and methanol is 2.1 million tons, 750,000 tons and 200,000 tons, respectively. Besides, the 5th plant in Xinxiang, which is under construction, is expected to commence trial production next year. 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 board of the Stock Exchange of Hong Kong Limited (stock code: 01866.HK).

China XLX Fertiliser Ltd. Zhu Weiwei
Tel: 86-138 4939 1363
Email: mailto:weiwei.zhu@chinaxlx.com.hkweiwei.zhu@chinaxlx.com.hk
PRChina Limited
Terence Wong / Phoebe Leung
Tel: 852-2522 1368 / 852-2521 2823
Email: twong@prchina.com.hkmailto:hchik@prchina.com.hkpleung@prchina.com.hk

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