XI'AN, China, Jan. 1, 2014 /PRNewswire-FirstCall/ -- China Green Agriculture, Inc. (NYSE : CGA ; "China Green Agriculture", "we" 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 wholly-owned subsidiaries in China, today announced that Mr. Tao Li, Chairman and Chief Executive Officer of China Green Agriculture, attended the "Future Chinese Business Leaders" Summit to receive the "Future Chinese Business Leader" Award in Beijing on November 30, 2013.
Under the guidance of the National Federation of Industry and Commerce, China Business Times organized the "future Chinese business leaders seeking" activity, the total of more than 120 entrepreneurs became candidates during the five months strict selection process. Finally, there are 36 entrepreneurs received the honor of "Future Chinese Business Leaders".
The objective of "Future Chinese Business Leaders" Summit is to guide entrepreneurs to share their successful experience, find a more advisable development strategy for own business.
"We are very pleased to receive this honor and have been recognized by National Federation of Industry and Commerce for our contributions to the fertilizer industry," stated Mr. Tao Li, Chairman and Chief Executive Officer of China Green Agriculture. "While we appreciate the increasing recognition of our business, we gain more confidence in our future development in the year ahead under 'Future Chinese Business Leaders' platform."
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, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong"), Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng") and its variable interest entity, Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 122 different kinds of fertilizer products as of September 30, 2013, 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 27 provinces, four autonomous regions, and three central-government-controlled municipalities in the PRC. Jinong had 857 distributors in China as of September30, 2013. 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. As of September 30, 2013, Gufeng produced and sold 322 different kinds of fertilizer products, and had 214 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 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.
Mr. Wang Fang (English and Chinese)
SOURCE China Green Agriculture, Inc.