China Green Agriculture, Inc. (NYSE:CGA) agreed to acquire Lonestar Dream Inc. from Zhibiao Pan for $49 million on December 27, 2023. The Stock Purchase Agreement calls for total consideration of $49,000,000, of which $2,450,000 is due at the closing, and $44,100,000 is due 90 business days thereafter, subject to satisfaction of certain conditions. The balance of $2,450,000 is due within 20 days after Lonestar?s auditor issues an audited annual consolidated financial statement of Lonestar and its subsidiary, Lonestar Taproot, LLC, a Delaware limited liability company, for fiscal year 2023, prepared in accordance with GAAP and in form and substance reasonably satisfactory to China Green Agriculture.

China Green Agriculture, Inc. (NYSE:CGA) completed the acquisition of Lonestar Dream Inc. from Zhibiao Pan on March 20, 2024. The funding for this acquisition is being disbursed in three installments, subject to customary closing conditions. The shares of Lonestar Dream, owned by Zhibiao Pan, have been transferred and registered under the name of CGA.