China Green Agriculture, Inc. (NYSE: CGA) ("China
Green Agriculture", "we" or the "Company"), a company that mainly
produces and distributes humic acid-based compound fertilizers, other
varieties of compound fertilizers and agricultural products through its
subsidiaries in China, today announced that the Company's wholly-owned
subsidiary, Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), had
attended the 14th Changchun International Agricultural Expo ( the "Changchun Expo"). The Changchun Expo was held from August 14, 2015 to August 23, 2015 at Changchun Modern Agricultural Demonstration Centre.
Changchun Expo was founded in 2000. It advocates that modernization is the key to speed up agricultural development. It has become the largest international agricultural expo in China, more than 1.7 million participants attended the Expo this year.
During
the event, Gufeng showcased our advanced agricultural material and
products as well as the Company's online sales platform for basic
agricultural materials -- 900nong.com. The online sales platform had attracted interest
from the Expo attendees and visitors. It showcased the most recent
development direction for traditional agricultural business model.
Mr. Tao Li, chairman and CEO of the Company, stated, "We are excited to have participated
in Changchun Expo, and we appreciate the increasing recognition of our
business. I firmly believe this is just the beginning, and we look
forward to more opportunities as we continue expanding our business
operation in the agricultural industry."
About China Green Agriculture, Inc.
The
Company produces and distributes humic acid-based compound fertilizers,
other varieties of compound fertilizers and agricultural products
through its wholly-owned subsidiaries, i.e.: Shaanxi TechTeam Jinong
Humic Acid Product Co., Ltd. ("Jinong"), Beijing Gufeng Chemical
Products Co., Ltd ("Gufeng") and a variable interest entity, Xi'an Hu
County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing").
Jinong produced and sold 127 different kinds of fertilizer products as
of June 30, 2015, all of which are certified by the government of the People's Republic of China
(the "PRC") as Green Food Production Materials, as stated by the China
Green Food Development Center. Jinong currently markets its fertilizer
products to private wholesalers and retailers of agricultural farm
products in 27 provinces, four autonomous regions, and three
central-government-controlled municipalities in the PRC. Jinong had
1,010 distributors in the PRC as of June 30, 2015. Gufeng, and its
wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd.,
are Beijing-based producers of compound fertilizers, blended
fertilizers, organic compound fertilizers, and mixed organic-inorganic
compound fertilizers. As of June 30, 2015, Gufeng produced and sold 332
different kinds of fertilizer products, and had 282 distributors in the
PRC. For more information, visit http://www.cgagri.com. The Company routinely posts important information on its website.
Safe Harbor Statement
This
press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 concerning the
Company's business, products and financial results. The Company's actual
results may differ materially from those anticipated in the
forward-looking statements depending on a number of risk factors
including, but not limited to, the following: general economic, business
and environment conditions, development, shipment, market acceptance,
additional competition from existing and new competitors, changes in
technology, the execution of its ten-year growth plan, the foreign
exchange risk amid the unexpected announcement by the PRC government in August 2015
sending the yuan to a 3% devaluation and various other factors beyond
the Company's control. All forward-looking statements are expressly
qualified in their entirety by this Safe Harbor Statement and the risk
factors detailed in the Company's reports filed with the SEC. China
Green Agriculture undertakes no duty to revise or update any
forward-looking statements to reflect events or circumstances after the
date of this release, except as required by applicable law or
regulations.
For more information, please contact:
China Green Agriculture, Inc.
Mr. Fang Wang (English and Chinese)
Tel: +86-29-88266383
Email: wangfang@cgagri.com
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