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-- First Chinese Company to List on NYSE Euronext Markets in 2009
NEW YORK, March 9, 2009 – Xi’an, China-based China Green Agriculture, Inc. today opened for trading under the ticker symbol “CGA”. China Green Agriculture, Inc. is the first company from Mainland China to list on the new NYSE Amex market since NYSE Euronext’s acquisition of the former American Stock Exchange, and the first Chinese company to list on NYSE Euronext markets in 2009.
“We are pleased to welcome China Green Agriculture, Inc., a pioneer in agricultural products, as the first company to list on NYSE Euronext markets in 2009,” said Michael Yang, Chief Representative of Beijing Office, NYSE Euronext. “NYSE Euronext’s acquisition of the former Amex enables us to extend our coverage to smaller, promising companies. We look forward to partnering with China Green Agriculture on NYSE Amex, the premier U.S. equities market for listing and trading small- and mid-cap growth companies.”
“Today is an exciting milestone in China Green Agriculture, Inc.’s continued growth,” said Mr. Tao Li, Chairman, President and Chief Executive Officer of China Green Agriculture. “Since becoming a public company last year, we have devoted a great deal of resources to improving our corporate governance and level of oversight in order to meet the requirements of a more senior exchange.” Ying Yang, Chief Financial Officer of China Green Agriculture, added: “As NYSE Amex is tailor-made for small- and mid-cap enterprises, we strongly believe that will encourage a larger, more diverse group of investors and analysts to follow our company and will provide us the platform to expand our footprint in the US and worldwide as well as the means to continue our growth strategy in the long-run.”
About China Green Agriculture, Inc. (NYSE Amex: CGA)
China Green Agriculture, Inc. produces and distributes humic acid (“HA”) based liquid compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., (“TechTeam”). TechTeam produces and sells approximately 15,000 metric tons of over 100 different kinds of fertilizer products per year. All of TechTeam's fertilizer products are certified by the PRC government as green products and suitable for growing Grade AA "green" foods, also known as green products that contain little or no chemical materials, as stated by the China Green Food Research Center. TechTeam's fertilizers are highly concentrated liquids which require an application of approximately 120 ml per mu per application. Its average end user has approximately four mu of land (one mu = .165 acres).
China Green Agriculture currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 27 provinces in the PRC. The leading five provinces by revenue for the three months ended December 31, 2008 are Shannxi (21.6%), Shandong (7.1%), Xinjiang (5.0%), Fujian (5.0%) and Guangdong (4.7%). For more information, visit http://www.cgagri.com.
NYSE Euronext-listed Chinese Companies (1.31.09):
• NYSE Euronext has 66 companies listed from Greater China. This includes 56 companies from Mainland China listed on the NYSE Euronext, 5 from Hong Kong on NYSE Euronext Markets, and 5 Taiwanese companies on NYSE Euronext Markets. The recently acquired NYSE Amex lists 10 companies from China.
• NYSE Euronext has 66 companies listed from Greater China. This includes 56 companies from Mainland China listed on the NYSE Euronext, 5 from Hong Kong on NYSE Euronext Markets, and 5 Taiwanese companies on NYSE Euronext Markets. The recently acquired NYSE Amex lists 10 companies from China.
· The People’s Republic of China is one of the largest sources of listed companies from the Asia-Pacific region. The 66 companies from Greater China represent 51% of the more than 100 NYSE-listed companies from the Asia-Pacific region. Additionally, there are 6 companies from Greater China listed on the Free Market in Europe operated by NYSE Euronext.
· The total global market capitalization of NYSE Euronext-listed companies from the Mainland China is $1.1 trillion, and $1.2 trillion for all companies from Greater China. In 2007, the NYSE listed 20 companies from Greater China, including 18 IPOs. In 2008, NYSE Euronext listed 7 companies from China, including 4 in Europe, when NYSE Alternext market welcomed its first 4 Chinese companies.
· The total global market capitalization of NYSE Euronext-listed companies from the Mainland China is $1.1 trillion, and $1.2 trillion for all companies from Greater China. In 2007, the NYSE listed 20 companies from Greater China, including 18 IPOs. In 2008, NYSE Euronext listed 7 companies from China, including 4 in Europe, when NYSE Alternext market welcomed its first 4 Chinese companies.
About NYSE Euronext
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
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