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China XLX Fertiliser Chairman Liu Xingxu Outlines Plans in ...

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Press Release(For immediate release)<strong>Ch<strong>in</strong>a</strong> <strong>XLX</strong> <strong>Fertiliser</strong> <strong>Chairman</strong> <strong>Liu</strong> <strong>X<strong>in</strong>gxu</strong><strong>Outl<strong>in</strong>es</strong> <strong>Plans</strong> <strong>in</strong> Interview of CCTV-1’s News SimulcastProgram to Build Large Green <strong>Fertiliser</strong> Production Basesfor Production Upgrade(27 June 2013, Hong Kong) The <strong>Chairman</strong> and CEO of <strong>Ch<strong>in</strong>a</strong> <strong>XLX</strong> <strong>Fertiliser</strong>Ltd. (“<strong>Ch<strong>in</strong>a</strong> <strong>XLX</strong> <strong>Fertiliser</strong>” or the “Company”, together with its subsidiariesknown as the “Group”) (HKSE: 01866.HK; SGX: B9R.SI) Mr. <strong>Liu</strong> <strong>X<strong>in</strong>gxu</strong> hasrecently received an <strong>in</strong>terview by <strong>Ch<strong>in</strong>a</strong> Central Television-1’s News Simulcastprogram on the topic of “10-year Plan to Rejuvenate 120 Age<strong>in</strong>g IndustrialBases”, <strong>in</strong> which he <strong>in</strong>troduced to audiences the Group’s achievements <strong>in</strong>technological research and <strong>in</strong>novation, production upgrades as well as energysav<strong>in</strong>gs and environmental protection.<strong>Chairman</strong> <strong>Liu</strong> said <strong>in</strong> the <strong>in</strong>terview, “Over the years, the Group has attachedgreat importance to technological research and <strong>in</strong>novation and activelypromoted the use of new equipment, new craftsmanship and new technologiesto reduce energy consumption and emissions. We sped up technological<strong>in</strong>novation and production upgrades, open<strong>in</strong>g up a new way for thedevelopment of coal-based chemicals with “low cost, low emissions and highefficiency”. Our efforts have been widely recognized <strong>in</strong> the market.”The Group proactively adopts various global advanced technologies such ascoal-water slurry gasification to push for energy sav<strong>in</strong>gs and environmentalprotection. It is also the first enterprise <strong>in</strong> the <strong>in</strong>dustry to recycle sewage waterfrom nitrogenous fertilizer production. Such technology has been activelypromoted by the M<strong>in</strong>istry of Environmental Protection and M<strong>in</strong>istry of F<strong>in</strong>ance.And Henan <strong>XLX</strong> <strong>Fertiliser</strong> was honoured as a “Lead<strong>in</strong>g Enterprise of NationalPetrochemical Industry <strong>in</strong> Energy Efficiency” by the M<strong>in</strong>istry of Industry andInformation Technology and <strong>Ch<strong>in</strong>a</strong> Petroleum and Chemical IndustryFederation.<strong>Chairman</strong> <strong>Liu</strong> also gave a brief <strong>in</strong>troduction <strong>in</strong> the <strong>in</strong>terview on the latestprogress of the construction of its fourth urea plant, which is expected tocommence production <strong>in</strong> the second half of this year, Upon its full operation,the Group’s annual urea production capacity will <strong>in</strong>crease from 1.25 milliontonnes to approximately 2.1 million tonnes. At the same time, the constructionof its fifth urea plant <strong>in</strong> X<strong>in</strong>jiang is also <strong>in</strong> full sw<strong>in</strong>g. It is expected to commenceproduction at the end of 2016.~ End ~1


About <strong>Ch<strong>in</strong>a</strong> <strong>XLX</strong> <strong>Fertiliser</strong> Ltd.<strong>Ch<strong>in</strong>a</strong> <strong>XLX</strong> <strong>Fertiliser</strong> Ltd., one of the largest and most cost efficient coal-basedurea producers <strong>in</strong> <strong>Ch<strong>in</strong>a</strong>, is ma<strong>in</strong>ly engaged <strong>in</strong> the production and sale of urea,compound fertiliser and methanol. Its current production capacity of urea,compound fertiliser and methanol is 1.25 million tonnes, 750,000 tonnes and200,000 tonnes, respectively. The Group is develop<strong>in</strong>g its fourth urea plant <strong>in</strong>X<strong>in</strong>xiang City, Henan Prov<strong>in</strong>ce. Upon its completion <strong>in</strong> the second half of 2013,the Group’s annual production capacity of urea will <strong>in</strong>crease to over two milliontonnes. Meanwhile, it forged a strategic partnership with Primavera Capital, an<strong>in</strong>ternationally renowned private equity fund, at the end of 2011. The Group willlever its extensive experience and resources network <strong>in</strong> the capital market todrive cont<strong>in</strong>uous bus<strong>in</strong>ess growth. The Company’s shares are dually traded onthe ma<strong>in</strong> boards of the Stock Exchange of Hong Kong Limited (stock code:01866.HK) and the S<strong>in</strong>gapore Stock Exchange (stock code: B9R.SI).Investor and Media Enquiries:<strong>Ch<strong>in</strong>a</strong> <strong>XLX</strong> <strong>Fertiliser</strong> Ltd.Stephan YaoTel: 852-2855 6920Email: stephan.yao@ch<strong>in</strong>axlx.com.hkPR<strong>Ch<strong>in</strong>a</strong> LimitedDavid Shiu / Henry Chik / Camille XiongTel: 852-2522 1838 / 852-2522 1368Email: dshiu@prch<strong>in</strong>a.com.hkhchik@prch<strong>in</strong>a.com.hkcxiong@prch<strong>in</strong>a.com.hk2

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