XI'AN, China, Dec. 15, 2014 /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 will
hold its national distributor conference in Xi'an from December 15,
2014 for three consecutive days (the "Conference"), in
response to the proposed incentive program for fertilizer sales
announced during
the "Investor Day Event" held by the
Company on October 17, 2014. (For more information, please
refer to
http://www.prnewswire.com/news-releases/china-green-agriculture-hosted-its-investor-day-event-in-beijing-279563012.html).
During the Conference, the Company will announce the detailed
incentive policies, in order to stimulate distributors' sales
performance.
Approximately 80 distributor representatives of Jinong and
Gufeng, the Company's wholly-owned subsidiaries, and 40 management
members and staff of the Company
are expected to attend the Conference. During the 3-day event, participants will share
fertilizer applying technique, exchange experiences in growing
plants, and discuss future
cooperation with distributor representatives.
"We are pleased to see our distributors being enthusiastic about
the incentive program. We will consecutively reward the competent
sales force," stated Mr. Tao Li,
Chairman and CEO of the Company, "It is the moment to recognize the
contributions made by those hard-working distributors to our
business. I have confidence that the Conference will bring positive
impact to our sales in the long-term."
About China Green Agriculture, Inc.
The Company produces and distributes humic acid-based 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-based 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. Ting Shi (English and Chinese)
Tel: +86-29-88266383
Email: tingshi@cgagri.com
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SOURCE China Green Agriculture, Inc.