CHINA MINZHONG REPORTS OVER 25% GROWTH IN REVENUE AND��

NET PROFIT IN FIRST FULL YEAR RESULTS FOLLOWING LISTING

Revenue rose 34.5% to RMB1,422.6 million

Gross margin remained strong at 40.4%

Net profit up 27.6% to RMB367.5 million in tandem with higher revenue

Strong operating cash inflow up 185.4% to RMB610.6 million in FY2010

CHINA MINZHONG FOOD CORPORATION LIMITED

(Incorporated in the Republic of Singapore)

(Registration No. 200402715N)

(the “Company”)

INCORPORATION OF SUBSIDIARY

The Board of Directors of China Minzhong Food Corporation Limited (the “Company”) wishes to

announce that Fujian Minzhong Organic Food Co., Ltd, a wholly-owned subsidiary of the

Company, has incorporated a subsidiary in China known as Tianjin Minzhong Ecological

Agriculture Development Co., Ltd (“Tianjin Minzhong”) with a proposed registered capital of

RMB10,000,000 and paid-up capital of RMB10,000,000.

The principal activities of Tianjin Minzhong are providing services relating to promoting of

agricultural techniques, cultivation, production and sales of vegetables.

The incorporation of Tianjin Minzhong was funded through the IPO proceeds and is not expected

to have any material impact on the earnings per share and the net tangible assets per share of

the Company for the current financial year ended 30 June 2010.

To the best of the knowledge of the directors of the Company ("Directors"), none of the Directors,

controlling shareholders or substantial shareholders of the Company has an interest, direct or

indirect, in the above transaction.

By Order of the Board

Lin Guo Rong

Executive Chairman and CEO

21 July 2010

The initial public offering of the Company was sponsored by J.P. Morgan (S.E.A.) Limited, Kim

Eng Corporate Finance Pte. Ltd. and Macquarie Capital (Singapore) Pte. Limited. (the “Joint