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China Agro-Technology Appoints New CEO
Date:1/31/2008

SINGAPORE, Jan. 31 /PRNewswire-FirstCall/ -- China Agro-Technology Holdings Ltd ("CAT") today announced that it has appointed Mr. Jorge Cantonnet to be its Chief Executive Officer, replacing interim CEO Harry He, effective as of 1 February 2008. Mr. Cantonnet is based in New York.

CAT is a leading agro-biotechnology company listed on OTCBB in Dec 2007 (OTC Bulletin Board: CAGTF). The company reported total audited revenues of US$37 million in fiscal year ended 30 September 2007, with gross profits of US$35 million and net income of US$32 million. CAT promotes ecologically sustainable technology to meet the global demands for biofuel supply and helps address environmental needs.

Mr. Cantonnet is a financial industry professional with over 25 years of experience. He is a founder and Chairman of the Board of Brazil Ethanol, Inc., a company incorporated to act as an acquisition vehicle for the consolidation of the ethanol industry in Brazil. In March 2007 Mr. Cantonnet led Brazil Ethanol's executive team in its successful completion of a US$150 million equity offering.

"I am thrilled to take on the role of CEO and come on board when the organization is at this stage with exciting developments ahead," said Mr. Cantonnet. "I am confident we will grow from strength to strength, and I am determined to lead the company to continued growth and value creation."

Mr Jorge Cantonnet

Chief Executive Officer

China Agro-Technology Holdings Ltd

Biography

Mr. Jorge Cantonnet is a founding member and Chairman of the Board of Brazil Ethanol, Inc., a company incorporated to act as an acquisition vehicle for the consolidation of the ethanol industry in Brazil. In March 2007 Mr. Cantonnet led Brazil Ethanol's executive team in its successful completion of a US$ 150 million equity offering. He is also the founder of Global Capital Networks, LLC, a principal investment firm focusing in alternative energy industries, and has b
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SOURCE China Agro-Technology
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