Agritrade Resources : Announcements and Notices - Positive Profit Alert

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Bermuda with limited liability)

(Stock Code: 1131)

POSITIVE PROFIT ALERT

This announcement is made by Agritrade Resources Limited (the "Company" and together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board (the "Board") of directors of the Company is pleased to inform the shareholders of the Company and potential investors that the Company anticipates to report a substantial increase in the Group's revenue and profit attributable to owners of the Company for the year ended 31 March 2018 as compared with the year ended 31 March 2017. Such increase was primarily attributable to, among other factors, the strong performance of the Group's mining segment under the prevailing favourable coal market conditions during the current financial year. Having benefited from good coal demand in the People's Republic of China and India, both the Indonesian and international coal prices have demonstrated a positive upward trend on average during the year, and the Group has managed to increase its coal production and quantity of coal sold to capture such opportunity. Accordingly, the revenue of the Group's mining segment for the current year is expected to increase by more than 60%, which resulted in an expected profit (before interest and tax) for the mining segment more than double of last financial year.

The Company is still in the process of finalising the consolidated annual results of the Group for the year ended 31 March 2018. The information contained in this announcement is only a preliminary assessment by the Company based on the latest unaudited consolidated management accounts of the Group for the year ended 31 March 2018, which have not been confirmed nor audited by the Company's auditors and may be subject to further adjustments. Shareholders and potential investors are advised to read carefully the annual results announcement of the Company for the year ended 31 March 2018, which is expected to be published in late June 2018.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Agritrade Resources Limited

Ashok Kumar Sahoo Executive Director and Chief Financial Officer

Hong Kong, 8 June 2018

As at the date of this announcement, the Board comprises Mr. Ng Say Pek (Chairman), Mr. Ng Xinwei, Ms. Lim Beng Kim, Lulu and Mr. Ashok Kumar Sahoo as executive Directors and Mr. Chong Lee Chang, Mr. Siu Kin Wai, Mr. Terence Chang Xiang Wen, Mr. Cheng Yu and Mr. Phen Chun Shing Vincent as independent non-executive Directors.