China Green Agriculture Signed Cooperation Agreement with Sino-agri Group

Date:12-03-2014

China Green Agriculture, Inc.recently announced that one of the Company's wholly-owned subsidiaries, Beijing Gufeng Chemical Products("Gufeng") entered into a strategic cooperation agreement with Sino-agri Mining Resource Exploration Co., Ltd., ("Sino-agri"), a key subsidiary of China National Agricultural Means of Production Group Corporation ("Sino-agri Group"). This agreement is second to the cooperation agreement between Jinong and Sino-agri Group, that the Company had disclosed previously in October 2014.

The objective of this strategic cooperation agreement is for Sino-argi and Gufeng to work together with sales goals in three years. Specifically, the agreement targets Sino-agri to sell 150,000 metric tons of compound fertilizers produced by Gufeng ("Gufeng Fertilizers") during calendar year 2015, 300,000-metric-ton Gufeng Fertilizers during 2016,  and 500,000-metric-ton Gufeng Fertilizers in 2017 to promote Gufeng's flagship products.

"The agreement between Gufeng and Sino-agri is a booster for Gufeng to promote its sales in the next three years, " said Mr. Tao Li, Chairman and CEO of the Company, "Sino-agri is the leading agricultural conglomerate in China. I believe our partnership with Sino-agri will be exceptional. I vision this agreement as a win-win showcase between us and a large state-owned enterprise in China."

China Green Agriculture, Inc., 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, 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").

Sino-agri Group is a nationwide large-scale enterprise group that integrates production, circulation and service as well as specializes in the agricultural means of production, such as chemical fertilizer, pesticides, agricultural film, seeds, agricultural machinery & implements, etc.