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CHINA GREEN AGRICULTURE, INC.

(CGA)
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CHINA GREEN AGRICULTURE, INC. : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Financial Statements and Exhibits (form 8-K)

04/06/2021 | 09:32am EDT

Item 1.01. Entry into a Material Definitive Agreement

On April 5, 2021, China Green Agriculture, Inc. (the "Company") entered into certain Security Purchase Agreement (the "SPA") with certain "non-US persons" as defined in Regulation S ("Regulation S") promulgated under Securities Act of 1933, as amended (the "Securities Act") (the "Purchasers") in connection with a private placement offering (the "Offering") of 2 million shares ("Shares") of common stock, par value $0.001 per share, of the Company. The purchase price per share of the Offering is $7.00. The transaction contemplated in the SPA closed simultaneously with the execution of the SPA.

The Shares to be issued in the Offering are exempt from the registration requirements of the Securities Act, pursuant to Section 4(a) (2) of the Securities Act and/or Regulation S.

The net proceeds to the Company from the Offering will be approximately $14 million. The proceeds may be used for general corporate purposes.

The SPA also contains customary representation and warranties of the Company and the Purchasers, indemnification obligations of the Company, termination provisions, and other obligations and rights of the parties.

The Form of SPA is filed as Exhibits 10.1 to this Current Report on Form 8-K and such document is incorporated herein by reference. The foregoing is only a brief description of the material terms of the SPA, and it does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to such exhibits.

Item 3.02. Unregistered Sales of Equity Securities

On April 5, 2021, the Company issued 2 million Shares of the Company's Common Stock, par value $0.001 per share, pursuant to certain SPA dated April 5, 2021 to the Purchasers. The Shares issued in the Offering are exempt from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) of the Securities Act and/or Regulation S promulgated thereunder.

Item 9.01 Financial Statements and Exhibits.



Exhibit No.   Description
10.1            Form of Stock Purchase Agreement by and among the Company and the
              Purchasers




                                       1

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Financials (USD)
Sales 2020 249 M - -
Net income 2020 -137 M - -
Net cash 2020 7,41 M - -
P/E ratio 2020 -0,12x
Yield 2020 -
Capitalization 135 M 135 M -
EV / Sales 2019 -0,13x
EV / Sales 2020 0,04x
Nbr of Employees -
Free-Float -
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