We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

Cash trend of China fishmeal has been keeping firm at RMB17,000/ton at Shanghai port during the week while fishmeal off-take remains steady in general. However, fishmeal consumptions would be soon measurably going up due to live pig industry. Domestic authorities measure, since later part of December or earlier of next Jan, fishmeal consumptions could be growing up brought by live pig industry as usual.

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

RMB Cash Market:

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

Cash trend of China fishmeal has been keeping quietly flat status right after The National Day holiday. The bidding range of China fishmeal would be shortly showing steady status at RMB15,500/ton at Shanghai port. Though total fishmeal inventory stockpiled at main ports remains high, it is still reducing down to 250k tons to relatively boost RMB cash trend prior to seeing 2^nd anchovy season.