Vancouver, British Columbia--(Newsfile Corp. - January 28, 2021) -  Sunshine Agri-Tech Inc. (TSXV: SAI.H) ("Sunshine Agri-Tech" or the "Company") reports that the Company's shareholders approved, by a special resolution, the sale of 100% interest (the "Transaction") of the Company's wholly-owned subsidiary, Health China Capital Limited (formerly, Sunscape (Hong Kong) Limited) to Nonpaike Bio-Tech (Dalian) Co., Ltd. on the annual and special general meeting of the Company held on December 10, 2020. More descriptions of the Transaction were disclosed in the Management Information Circular dated November 9, 2020 as well as the Company's press releases dated November 17, 2020, both of which are posted on SEDAR.

Vancouver, British Columbia--(Newsfile Corp. - November 17, 2020) - Sunshine Agri-Tech Inc. (NEX: SAI.H) (the "Company") reports that the Company has entered into a share transfer agreement (the "Share Transfer Agreement") dated November 6, 2020 with Nonpaike Bio-Tech (Dalian) Co., Ltd. ("Nonpaike"), an arm's length party to the Company, pursuant to which, the Company has agreed to sell its 100% interest in the wholly-owned subsidiary, Health China Capital Limited, formerly Sunscape (Hong Kong) Limited ("Health HK"), to Nonpaike for CAD$1,100,000. The purchase price was negotiated and determined based on an independent valuation report dated October 13, 2020 prepared by Evans & Evans Inc., which concluded that the fair market value of Health HK was in the range of CAD$1,080,000 to $1,280,000.