XI'AN, China, Sept. 15, 2015 /PRNewswire/ -- 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 subsidiaries in China, today announced that the Company's wholly-owned subsidiary, Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), had attended the 14th Changchun International Agricultural Expo ( the "Changchun Expo"). The Changchun Expo was held from August 14, 2015 to August 23, 2015 at Changchun Modern Agricultural Demonstration Centre.
Changchun Expo was founded in 2000. It advocates that modernization is the key to speed up agricultural development. It has become the largest international agricultural expo in China, more than 1.7 million participants attended the Expo this year.
During the event, Gufeng showcased our advanced agricultural material and products as well as the Company's online sales platform for basic agricultural materials -- 900nong.com. The online sales platform had attracted interest from the Expo attendees and visitors. It showcased the most recent development direction for traditional agricultural business model.
Mr. Tao Li, chairman and CEO of the Company, stated, "We are excited to have participated in Changchun Expo, and we appreciate the increasing recognition of our business. I firmly believe this is just the beginning, and we look forward to more opportunities as we continue expanding our business operation in the agricultural industry."
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 a variable interest entity, Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 127 different kinds of fertilizer products as of June 30, 2015, 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 1,010 distributors in the PRC as of June 30, 2015. 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 June 30, 2015, Gufeng produced and sold 332 different kinds of fertilizer products, and had 282 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, the foreign exchange risk amid the unexpected announcement by the PRC government in August 2015 sending the yuan to a 3% devaluation 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. Fang Wang (English and Chinese)
SOURCE China Green Agriculture, Inc.