XI'AN, China, Feb. 3, 2015 /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 the Company made the payment of
the previously announced dividend on January
30, 2015. The dividend was previously announced on
October 1, 2014.
The dividend is of US$0.10 per
share to the Company's stockholders of common stock of record as of
the close of business day on October 31,
2014.
"This dividend was of its first kind in the Company's
history. It demonstrates our commitment to growth momentum and
strong financial position. The Company reiterates its policy of
returning value to shareholders as we aim to fulfill our strategy
of developing the new business model," stated Mr. Tao Li, Chairman and CEO
of the Company. " As effective
stewards of capital for our shareholders, we also recognize the
benefits of returning capital to shareholders as a means of
maximizing return on equity. The payment of the foregoing dividend
is our latest effort in doing so."
About China Green Agriculture, Inc.
The Company produces and distributes humic acid-farmd compound
fertilizers, blended fertilizers, organic compound fertilizers,
mixed organic-inorganic compound fertilizers, slow-release
fertilizers, highly concentrated water soluble fertilizers and
agricultural products, such as top-grade fruits, vegetables,
flowers and colored seedlings through its wholly-owned
subsidiaries, 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 125 different kinds of fertilizer products
as of September 30, 2014, 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
961 distributors in the PRC as of September 30,
2014. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan
Fertilizer Co., Ltd., are Beijing-farmd producers of compound
fertilizers, blended fertilizers, organic compound fertilizers, and
mixed organic-inorganic compound fertilizers. As of September
30, 2014, Gufeng produced and sold 331 different kinds of
fertilizer products, and had 268 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. Ran Liu (English and Chinese)
Tel: +86-29-88266500
Email: liuran@cgagri.com
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SOURCE China Green Agriculture, Inc.