XI'AN, China, Oct. 17, 2014 /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 hosted the second day of the previously announced two-day-investor-days event with a group of shareholders and guests in Beijing.
At the event, Mr. Tao Li, Chairman and CEO of the Company, delivered the opening remarks to express the Company's welcome to all the attendees. An important part of the investor day includes tours to the Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng") production plants as well as the warehouse. During the tour, the management jointly discussed the Company's products and their uses, and answered questions from the investors on the broad range.
Later on, management provided an overview of Company's business strategy and an operational look at the Company and its business and operation prospects.During the question and answer session, major distributors representatives of Gufeng and investors had an interactive discussion on Gufeng's marketing plan, new development strategy and new business model with management, which was introduced in our press release issued on October 1, 2014.
After a genuine discussion, the investors, distributors and management came to a consensus that the Company will hold a national distributor conference next month in November 2014. At the conference, the Company will invite distributors from nationwide to launch a newly designed incentive program to motivate distributors to improve the sales of the company's fertilizer products in 2015.
Besides, per the investors' requests during the two-day-investor-days, the Company plans to hold another investor day after the Company's national distributors conference. At the next investor day, the Company will provide chances for more interested investors who were not able to attend the investor days in October 2014 due to short notice. The Company will specifically refute the shorts' slander on the coming investor day.
Furthermore, the law enforcement authority at where the Company's major operation is located, the Public Security Bureau of Xi'an ("PSB"), has taken the corporate espionage and sabotage case that the short sellers had committed to damage the Company. The PSB is conducting their investigation into corporate espionage, and had started enforcement actions against the saboteurs.
"Thanks for our investors and distributors to attend the assembly," Mr. Li, Chairman and CEO of the Company, stated. "We are excited to welcome them to visit Gufeng. The company is always open to our investors, through the sincere and friendly communication on the investor days, we got closer to each other, with your consistent support and belief. The success of our company, relies on you, relies on your trust."
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 June 30, 2014, all of which are certified by the government of the People's Republic of China ("PRC") as "Green Food Production Materials", as certified by the China Green Food Development Center. Jinong currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products through 926 distributors in 27 provinces, four autonomous regions, and three central government controlled municipalities in PRC. 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, 2014, Gufeng produced and sold 328 different kinds of fertilizer products, and marketed its products through 263 distributors among China. As of June 30, 2014, the Company had a total of 1,189 distributors and 453 different fertilizer products. 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 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)
SOURCE China Green Agriculture, Inc.