China Green Agriculture, Inc. Announces Results of the 2011 Annual Shareholders Meeting
XI'AN, China, Dec. 12, 2011 /PRNewswire-Asia-FirstCall/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture" or the "Company"), a producer and distributor of 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 in China, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong"), Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), Xi'an Jintai Agriculture Technology Development Company ("Jintai") and Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"), announced today the voting results of its annual shareholders meeting that was held on December 9, 2011 (the "Meeting") in Beijing, People's Republic of China.
At the Meeting, the shareholders approved the following proposals:
(i) each of Messrs. Tao Li, Yu Hao, Yizhao Zhang, Lianfu Liu and Ms. Yiru Shi were elected to serve as directors of the Company until the Company's next annual shareholders meeting or until their successors are duly elected or appointed;
(ii) the shareholders approved the executive compensation of the Company's "named executed officers" as disclosed in the Company's Definitive Proxy Statement on Schedule 14A in connection with the Meeting filed with the Securities and Exchange Commission (the "SEC") on October 27, 2011, a so-called "Say-on-Pay" vote; and
(iii) the shareholders approved holding a "Say-On-Pay" vote once every three years, a so-called "Say-When-On-Pay" vote.
About China Green Agriculture, Inc.
The Company mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries, Jinong, Gufeng, Jintai and Yuxing. Jinong produces and sells 147 different kinds of fertilizer products, all of which are certified by the PRC government 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 22 provinces, four autonomous regions, and three central-government-controlled municipalities in the PRC. Jinong has 677 distributors in China as of September 30, 2011. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are Beijing-based producers of compound fertilizer, blended fertilizer, organic compound fertilizer, and mixed organic-inorganic compound fertilizer. Gufeng produces and sells more than 300 different kinds of fertilizer products, and had 173 distributors in China. 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 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, the execution of its ten-year growth plan 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 regulation.
For more information, please contact: |
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China Green Agriculture, Inc. |
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Ms. Jane Zuo (English and Chinese) |
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Secretary of the Board |
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Tel: +86-135-2062-2512 |
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Email: [email protected] |
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SOURCE China Green Agriculture, Inc.
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