424B3 1 v129654_424b3.htm Unassociated Document
PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED AUGUST 6, 2008
As filed pursuant to Rule 424(B) under the Securities Act of 1933

Registration No. 333-149135 

 CHINA GREEN AGRICULTURE, INC.

3rd Floor, Borough A, Block A. No.181
South Taibai Road, Xi’an, Shaanxi Province
People’s Republic of China 710065
Tel: +86-29-88266368
 
6,425,003 Shares of Common Stock
Offered by Selling Stockholders

This prospectus supplement supplements and amends the prospectus dated August 6, 2008 (the “Prospectus”), relating to the resale by certain selling stockholders of up to 6,425,003 shares of our common stock, par value $0.001 per share. We are supplementing the Prospectus to correct the clerical errors in the item of “Basic and diluted net earnings per share” of the Company’s Consolidated Statements of Income and Comprehensive Income Statement for the three and nine months ended March 31, 2008 and 2007.

You should read this prospectus supplement in conjunction with the Prospectus, which is to be delivered with this prospectus supplement, and this prospectus supplement is qualified by reference to the Prospectus, except to the extent that the information in this prospectus supplement supersedes the information contained in the Prospectus. This prospectus supplement is not complete without, and may not be delivered or used except in conjunction with, the Prospectus.

The securities offered hereby involve a high degree of risk. Please read the “Risk factors” beginning on page 11 of the Prospectus and the risk factors in the documents incorporated therein by reference. You should read the entire Prospectus and the prospectus supplement before making an investment decision.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of the Prospectus. Any representation to the contrary is a criminal offense.

The date of the prospectus supplement is October 24, 2008.

 
The following Consolidated Statements of Income and Comprehensive Income Statement for the three and nine months ended March 31, 2008 corrected the clerical errors made in “Basic and diluted net earnings per share” (“EPS”) of the same statement the Company filed as part of the Prospectus dated August 6, 2008. The correct EPS for the nine months ended March 31, 2008 is $0.48, instead of our previously stated $0.63. The correct EPS for the three months ended March 31, 2008 is $0.09, instead of our previously stated $0.17.


CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2008 AND 2007
(UNAUDITED)

   
Nine Months Ended March 31
  
Three Months Ended March 31
  
   
2008
  
2007
  
2008
  
2007
  
                   
Net sales
 
$
15,382,089
  
$
9,070,972
  
$
4,434,926
  
$
2,198,615
  
                           
Cost of goods sold
   
6,377,066
   
3,687,416
   
1,982,084
   
1,003,035
 
                           
Gross profit
   
9,005,023
   
5,383,555
   
2,452,841
   
1,195,580
 
Operating expenses
                         
                           
Selling expenses
   
614,646
   
400,108
   
142,808
   
27,428
 
Operating and administrative expenses
   
1,430,762
   
463,482
   
256,800
   
184,130
 
                           
Total operating expenses
   
2,045,408
   
863,590
   
399,608
   
211,558
 
                           
Income from operations
   
6,959,615
   
4,519,965
   
2,053,233
   
984,022
 
Other income (expense)
                         
                           
Other income(expense)
   
39,647
   
(1,457
)
  
655
   
1,514
 
                           
Interest income
   
27,224
   
20,559
   
11,697
   
122
 
                           
Interest expense
   
(284,361
)
  
(270,551
)
  
(86,761
)
  
(90,190
)
                           
Bank charges
   
(6,442
)
  
(425
)
  
(4,939
)
  
(63
)
                           
Total other income (expense)
   
(223,933
)
  
(251,875
)
  
(79,348
)
  
(88,618
)
                           
Income before income taxes
   
6,735,682
   
4,268,090
   
1,973,886
   
895,405
 
                           
Provision for income taxes
   
301,841
   
266,006
   
301,841
   
-
 
                           
Net income
   
6,433,842
   
4,002,084
   
1,672,045
   
895,405
 
Other comprehensive income
                         
                           
Foreign currency translation gain
   
1,511,242
   
20,041
   
957,245
   
9,465
 
                           
Comprehensive income
 
$
7,945,084
  
$
4,022,125
  
$
2,629,290
  
$
904,869
  
                           
Basic and diluted weighted average shares outstanding
    
13,482,590
   
10,770,669
   
18,314,017
   
10,770,669
 
Basic and diluted net earnings per share*
  
$
0.48
  
$
0.37
  
$
0.09
  
$
0.08
  
 
*Basic and diluted shares are the same because there is no anti dilutive effect.