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| 8-K - China Green Agriculture, Inc. | v168184_8k.htm |
Exhibit
99.1
China
Green Agriculture, Inc. Announces Approval for Listing on NYSE
XI'AN,
China, Dec. 3/PRNewswire-Asia-FirstCall/ -- China Green Agriculture, Inc. (NYSE
Amex: CGA; "China Green Agriculture" or "the Company"), a leading producer and
distributor of humic acid ("HA") based compound fertilizer through its wholly
owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd.,
announced today that it has received authorization to list its common stock on
the NYSE and anticipates that its shares of common stock will begin trading on
the NYSE on December 7, 2009, under its existing symbol "CGA".
The
Company has notified the NYSE Amex that it intended to voluntarily delist its
common shares from the NYSE Amex. Until the time the Company begins trading its
shares of common stock on the NYSE, the Company's shares will remain trading on
the NYSE Amex under the existing symbol "CGA".
"The
listing of China Green Agriculture’s shares on the NYSE represents another step
in our mission of maximizing shareholder value," stated Mr. Tao Li, Chairman and
CEO of China Green Agriculture. "We are proud to join the NYSE and welcome the
recognition that comes along with being listed on the world's premier stock
exchange."
“We are
very happy to reach this milestone and are excited to move into this new chapter
in the Company's history." commented Ms. Ying Yang, the Company's Chief
Financial Officer.
About
China Green Agriculture, Inc.
China
Green Agriculture, Inc. produces and distributes humic acid ("HA") based
compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong
Humic Acid Product Co., Ltd., ("Jinong"). Jinong produces and sells over 130
different kinds of fertilizer products per year. All of Jinong's fertilizer
products are certified by the PRC government as green food production materials,
as stated by the China Green Food Research Center. Jinong's liquid based
fertilizers are highly concentrated liquids which require an application of
approximately 120 ml per mu per application. Its average end user has
approximately four mu of land (one mu = .165 acres). Jinong also has the
capacity to produce highly concentrated powdered fertilizers. China Green
Agriculture currently markets its fertilizer products to private wholesalers and
retailers of agricultural farm products in 21 provinces, 4 autonomous regions
and 3 municipal cities in the PRC. The leading five provinces which collectively
accounted for 36.0% of the Company's fertilizer revenue for the three months
ended September 30, 2009 are Shandong (10.5%), Shaanxi (8.3%), Heilongjiang
(6.4%), Henan (5.6%) and Anhui (5.2%). For more information, visit http://www.cgagri.com
.
Safe
Harbor Statement
This
press release contains forward-looking statements 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 and business conditions, development, shipment,
market acceptance, additional competition from existing and new competitors,
changes in technology, and various other factors beyond the Company's control.
All forward-looking statements are expressly qualified in their entirety by this
Cautionary Statement and the risk factors detailed in the Company's reports
filed with the Securities and Exchange Commission. 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.
For
more information, please contact:
In
the US:
China
Green Agriculture, Inc.
Ms. Ying Yang, Chief Financial Officer
Tel: +1-626-623-2575
Email: yangying@cgagri.com
OR
HC
International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
In
China:
China
Green Agriculture, Inc.
Mr. Jonnie Wang, Secretary of Board, Investor Relations Officer
Tel: +86-29-8826-6368
Email:
wangxilong@cgagri.com