XI'AN, CHINA - China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture" or "the Company"), a leading producer and distributor of humic acid ("HA") based compound fertilizer, blended fertilizer, organic compound fertilizer and mixed organic-inorganic compound fertilizer through its wholly owned subsidiaries in China, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. and Beijing Gufeng Chemical Products Co., Ltd., made the following statement:
Recently, allegations about the business of China Green Agriculture were circulated by admitted short sellers, who will profit if the stock price of China Green Agriculture declines. The reports containing these allegations are largely inaccurate. The Company's outside U.S. legal counsel, in response to an informal inquiry by the U.S. Securities and Exchange Commission ("SEC"), has voluntarily provided a comprehensive report on selected issues that were of interest to the SEC to the Los Angeles Office of the SEC. China Green Agriculture will continue to cooperate with the SEC on this matter.
SOURCE: China Green Agriculture, Inc.