Xi’an, China, Oct. 12, 2018 (GLOBE NEWSWIRE) -- China Green Agriculture, Inc (NYSE:CGA) (the “Company”) has notified the New
York Stock Exchange (“NYSE”) that it intends to cure the price deficiency that resulted from the fact that the 30-trading-day
average closing price per share of the Company’s common stock was below $1.00, which is the minimum average share price required
for continued listing under NYSE rules.
Under NYSE rules, the Company has six months (subject to possible extension) to regain compliance with this
continued listing standard and avoid delisting.
The Company’s common stock continues to be listed and traded on the NYSE, subject to the Company’s compliance
with other NYSE continued listing requirements. The NYSE notification does not affect the Company’s business operations
or its Securities and Exchange Commission reporting obligations. The NYSE notification does not conflict with or cause
an event of default under any of the Company’s material debt arrangements or other agreements.
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 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. (“Zhenbai Argi”), Weinan City Linwei District
Wangtian Agricultural Materials Co., Ltd. (“Wangtian”), Aksu Xindeguo 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. The Company 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. Tel: +86-29-88266500 Email: info@cgagri.com SOURCE: China Green Agriculture, Inc.