CHINA XLX FERTILISER LTD. （For Immediate Release）
China XLX Joins Hands with Beidahuang Group in Increasing Crop Yield through Control Release Fertilisers
(18 September 2014, Hong Kong) China XLX Fertiliser Limited ("China
XLX" or the "Company") (HKSE: 01866.HK) announced that the yield test
conducted on the Youyi Farm run by Heilongjiang Beidahuang Group has confirmed that control release urea contributes 10.77% rate of yield growth.
More than 100 professionals from Chinese Academy of Sciences, Chinese Academy of Agricultural Sciences, Beidahuang Group and Youyi Farm and other organizations witnessed that the control release urea help corn grow stronger with dark green, larger and thicker leaves by visiting China XLX Control Release Urea Demonstration Field .
"Replacing ordinary urea with control release urea has contributed to yield growth in a work and time-saving manner. Besides, it can effectively avoid the
risk of the failure to apply fertilisers caused by bad weather," said Zhao Yufu,
director of Agriculture Department on the Youyi Farm.
Wu Yuejin, professor and director of Technical Biology and Agricultural Engineering Research Institute at Hefei Institutes of Physical Science, Chinese Academy of Sciences introduced that the control release urea is a product successfully developed on 25 July this year by the joint dedicated working group that was set up by China XLX and Hefei Institutes of Physical Science. The product, a new type of fertiliser made from slow-release urea, is eco-friendly at low cost. The product helps increase the value added of urea products and is of historical significance to technological progress in Chinese
urea products."
"It takes us three years to develop a new generation of control release urea with slow and controlled release technology. Compared to traditional slow release technology, the new one is more effective in terms of slow release and more eco-friendly, which is of great strategic importance for China XLX to tap
into northeastern market or beyond in China,"said Liu Xingxu, chairman and
CEO of the Company.
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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, 1.1 million 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).
Investor and Media Enquiries:
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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