XI'AN, China, Aug. 10, 2016 /PRNewswire/ -- China Green
Agriculture, Inc. (NYSE: CGA) ("China Green Agriculture",
"CGA" 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 its variable interest entity ("VIE"), Shaanxi
Lishijie Agrochemical Co., Ltd. ("Lishijie"), joined BASF SE the
world's largest chemical producer, to deliver a live demonstration
that showcased the chemical effects of CABRIO®, a
product of BASF SE, in Dongguxian village, Shaanxi, on August 9,
2016.
More than 230 farmers and
distributors attended the demonstration. At the planting site,
farmers were excited to closely appreciate the jujube orchard which
applied CABRIO, and were highly satisfied with the effectiveness of
CABRIO.
"The demonstrations are often held to highlight the performance
and functionality of our products,"
said Zhuoyu Li, President of the Company, "Lishijie holds similar
demonstrations many times a year. By organizing demonstrations,
Lishijie enhanced its sales, and introduced CGA to the local
farmers and distributors, which simultaneously raised awareness of
our products and ecommerce platform."
"After CGA's recent strategic acquisition of Lishijie, CGA
formed important partnership with BASF which enriched our product
range and expanded the sales market," said Mr. Tao Li, Chairman and
CEO of the Company, "I believe that CGA, together with its
subsidiaries and VIEs will create a unique ecommerce sales network
in both metropolitan and rural areas in China."
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
sevenvariable interest entities, Xi'an Hu County Yuxing Agriculture
Technology Development Co., Ltd. ("Yuxing"),Shaanxi Lishijie
Agrochemical Co., Ltd. ("Lishijie"), Songyuan Jinyangguang Sannong
Service Co., Ltd. ("Jinyangguang"), Shenqiu County Zhenbai
Agriculture Co., Ltd. ("Shenqiu Zhenbai"), Weinan City Linwei
District Wangtian Agricultural Materials Co., Ltd. ("Wangtian"),
Aksu Xindeguo Agricultural Materials Co., Ltd. ("Xindeguo"), and
Xinjiang Xinyulei Eco-agriculture Science and Technology co., Ltd.
("Xinyulei"). Jinong produced and sold 130 different kinds of
fertilizer products as of March 31,
2016, 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 1,064 distributors in the PRC as of
March 31, 2016. 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 March 31, 2016, Gufeng produced
and sold 332 different kinds of fertilizer products, and had 299
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, a satisfactory conclusion of the pending
securities class action litigation 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.
Ms. Ting Shi (English and Chinese)
Tel: +86-29-88266500
Email: tingshi@cgagri.com
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SOURCE China Green Agriculture, Inc.