XI'AN, China, Feb. 7, 2017 /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 its
wholly-owned subsidiary Shaanxi Techteam Jinong Humic Acid Product
Co., Ltd., a wholly-foreign owned enterprise organized under the
laws of the People's Republic of
China ("Jinong"), and Xi'an TechTeam Investment Holding
(Group) Co. Ltd. ("TechTeam") established a strategic cooperation
with Shaanxi Agricultural Products Processing Technology Research
Institute (the "Ag Institute"). The Company and the Ag Institute
entered into related strategic cooperation agreements on
January 13, 2017 in Xi'an, China.
The Ag Institute was established on December 20, 2007 and was formally approved by
the Shaanxi Provincial Government. There are five provincial
research institutes directly supported by the Shaanxi Provincial Government, with
the Ag Institute being one of them and the only one engaged in
the research of agricultural
products processing technology and promoting of humic acid compound
fertilizers. The Shaanxi Provincial Small and Mid-size Enterprises
Promotion Bureau and Shaanxi
University of Science and Technology has provided strong support in
financial resources and technical assistance to the Ag
Institute.
"The Company and the Ag Institute have much room for cooperation
in the deep processing of agricultural products, agricultural brand
building, and humic acid fertilizer research, development and
production improvement," said
Zhuoyu Li, President of the Company. "The Company will take this opportunity to
improve production, enhance brand image, and promote our products
to more and more potential
customers."
"This is a significant and meaningful strategic cooperation. It
will bring the Company a new development opportunity in enhancing
existing products and technologies," said Mr. Tao Li, Chairman and CEO of the
Company. "I believe the strategic
cooperation between the Company and the Ag Institute will bring
significant benefits to our products, brands, and have a positive
effect on our efforts to further promote our ecommerce
platform."
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 variable
interest entities Xi'an Hu County Yuxing Agriculture Technology
Development Co., Ltd. ("Yuxing"), Shaanxi Lishijie Agrochemical
Co., Ltd. ("Lishijie"), Songyuan Jinyangguang Sannong Service Co.,
Ltd. (Jinyangguang"), Shenqiu County Zhenbai Agriculture Co., Ltd.
("ZhenbaiArgi"), Weinan City Linwei District Wangtian Agricultural
Materials Co., Ltd. ("Wangtian"), AksuXindeguo Agricultural
Materials Co., Ltd. (Xindeguo"), Xinjiang Xinyulei Eco-agriculture
Science and Technology co., Ltd. ("Xinyulei"), Sunwu Xiangrong
Agricultural Materials Co., Ltd. (Xiangrong), and Anhui Fengnong
Seed Co. Ltd. (Fengnong). 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: +86-29-88266500
Email: tingshi@cgagri.com
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SOURCE China Green Agriculture, Inc.