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1695449
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3605235
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2253000
9678375
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53778748
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300001
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300000
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48451548
4350480
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6717632
10278376
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337872
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">China Green Agriculture, Inc. (the <font style="font-family: times new roman, times, serif;">“</font>Company<font style="font-family: times new roman, times, serif;">”</font>), through its subsidiaries, is engaged in the research, development, production, distribution and sale of humic acid-based compound fertilizer, compound fertilizer, blended fertilizer, organic compound fertilizer, slow-release fertilizers, highly-concentrated water-soluble fertilizers and mixed organic-inorganic compound fertilizer and the development, production and distribution of agricultural products.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 2 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Principle of consolidation</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Green New Jersey, Jinong, Jintai, Yuxing, Gufeng and Tianjuyuan. All significant inter-company accounts and transactions have been eliminated in consolidation.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Use of estimates</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amount of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. However, actual results could differ materially from those results.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Cash and cash equivalents and concentration of cash</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">For statement of cash flows purposes, the Company considers all cash on hand and in banks, certificates of deposit with state owned banks in the Peoples Republic of China (“PRC”) and banks in the United States, and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents. The Company maintains large sums of cash in major banks in China. The aggregate cash in such accounts and on hand as of June 30, 2012 was $71,701,092. There is no insurance securing these deposits in China. In addition, the Company also had $280,445 in cash in two banks in the United States as of June 30, 2012, with $500,000 secured by the U.S. Federal Deposit Insurance Corporation. Cash overdraft as of balance sheet date will be reflected as liabilities in the balance sheet. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Accounts receivable</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company's policy is to maintain reserves for potential credit losses on accounts receivable. Management regularly reviews the composition of accounts receivable and analyzes customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves at each year-end. Accounts considered uncollectible are written off through a charge to the valuation allowance. As of June 30, 2012 and 2011, the Company had accounts receivable of $62,001,158 and $17,517,625, net of allowance for doubtful accounts of $679,268 and $337,801, respectively. The Company adopts no policy to accept product returns post to the sales delivery.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Inventories</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Inventory is valued at the lower of cost (determined on a weighted average basis) or market. Inventories consist of raw materials, work in process, finished goods and packaging materials. The Company reviews its inventories regularly for possible obsolete goods and establishes reserves when determined necessary. At June 30, 2012 and 2011, the Company had no reserve for obsolete goods.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Property, plant and equipment</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Property, plant and equipment are recorded at cost. Gains or losses on disposals are reflected as gain or loss in the year of disposal. The cost of improvements that extend the life of plant, property, and equipment are capitalized. These capitalized costs may include structural improvements, equipment, and fixtures. All ordinary repair and maintenance costs are expensed as incurred.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Depreciation for financial reporting purposes is provided using the straight-line method over the estimated useful lives of the assets:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 90%; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top;">
<td style="width: 80%;"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: center; width: 20%;">Estimated Useful Life</td>
</tr>
<tr style="vertical-align: top;">
<td>Building</td>
<td style="text-align: center;">10-25 years</td>
</tr>
<tr style="vertical-align: top;">
<td>Agricultural assets</td>
<td style="text-align: center;">8 years</td>
</tr>
<tr style="vertical-align: top;">
<td>Machinery and equipment</td>
<td style="text-align: center;">5-15 years</td>
</tr>
<tr style="vertical-align: top;">
<td>Vehicles</td>
<td style="text-align: center;">3-5 years</td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Construction in Progress</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Construction in progress represents the costs incurred in connection with the construction of buildings or new additions to the Company’s plant facilities. Costs classified to construction in progress include all costs of obtaining the asset and bringing it to the location and condition necessary for its intended use. No depreciation is provided for construction in progress until such time as the assets are completed and are placed into service. Interest incurred during construction is capitalized into construction in progress.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Long-Lived Assets</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. At June 30, 2012 and 2011, the Company determined that there were no impairments of its long-lived assets.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Intangible Assets</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company records intangible assets acquired individually or as part of a group at fair value. Intangible assets with definitive lives are amortized over the useful life of the intangible asset, which is the period over which the asset is expected to contribute directly or indirectly to the entity’s future cash flows. The Company evaluates intangible assets for impairment at least annually and more often whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. The Company has not recorded impairment of intangible assets as of June 30, 2012, 2011, and 2010, respectively.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Goodwill</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Goodwill represents the excess of purchase price over the underlying net assets of businesses acquired. Under accounting requirements, goodwill is not amortized but is subject to annual impairment tests. As of June 30, 2012, the Company performed the required impairment review which resulted in no impairment adjustment.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Summary of changes in goodwill by reporting segments is as follows:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 60%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Foreign</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Balance at</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Currency</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Balance at</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap">Entity</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30, 2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Adjustment</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30, 2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; width: 40%; padding-right: 0px; font-size: 10pt;">Gufeng</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 16%; font-size: 10pt;">4,957,245</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 16%; font-size: 10pt;">118,564</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 16%; font-size: 10pt;">5,075,809</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Fair Value Measurement and Disclosures</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Our accounting for Fair Value Measurement and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy which requires classification based on observable and unobservable inputs when measuring fair value. The fair value hierarchy distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs). The hierarchy consists of three levels:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Level one — Quoted market prices in active markets for identical assets or liabilities;</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Level two — Inputs other than level one inputs that are either directly or indirectly observable; and</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Level three — Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter. The Company had no assets and liabilities measured at fair value at June 30, 2012 and 2011.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The carrying values of cash and cash equivalents, trade and other receivables, trade and other payables approximate their fair values due to the short maturities of these instruments.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Revenue recognition</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Sales revenue is recognized on the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue. As of June 30, 2012 and 2011, the Company had unearned revenues of $2,625,014 and $11,059,313, respectively.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company's revenue consists of invoiced value of goods, net of a value-added tax (VAT). No product return or sales discount allowance are made as products delivered and accepted by customers are not returnable and sales discounts are not granted after products are delivered.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Stock-Based Compensation</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The costs of all employee stock options, as well as other equity-based compensation arrangements, are reflected in the consolidated financial statements based on the estimated fair value of the awards on the grant date. That cost is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). Stock compensation for stock granted to non-employees is determined as the fair value of the consideration received or the fair value of equity instruments issued, whichever is more reliably measured.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Income taxes</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company accounts for income taxes using an asset and liability approach which allows for the recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The evaluation of a tax position is a two-step process. The first step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigations based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the year incurred. No significant penalties or interest relating to income taxes have been incurred during the years ended June 30, 2012, 2011 and 2010. GAAP also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures and transition.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Foreign currency translation</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The reporting currency of the Company is the US dollar. The functional currency of the Company and Green New Jersey is the US dollar. The functional currency of the Chinese subsidiaries is the Chinese Yuan or Renminbi (“RMB”). For the subsidiaries whose functional currencies are other than the US dollar, all asset and liability accounts were translated at the exchange rate on the balance sheet date; stockholders’ equity is translated at the historical rates and items in the income statement and cash flow statements are translated at the average rate in each applicable period. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of shareholders’ equity. The resulting translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Segment reporting</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company utilizes the "management approach" model for segment reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">As of June 30, 2012, the Company, through its subsidiaries is engaged into four main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), Jintai (agricultural products production) and Yuxing (agricultural products production).</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Fair values of financial instruments</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company's financial instruments primarily consist of cash and cash equivalents, accounts receivable, other receivables, advances to suppliers, accounts payable, other payables, tax payable, and related party advances and borrowings.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheets. This is attributed to the short maturities of the instruments and that interest rates on the borrowings approximate those that would have been available for loans of similar remaining maturity and risk profile at respective balance sheet dates.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Statement of cash flows</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company's cash flows from operations are calculated based on the local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash flows may not necessarily agree with changes in the corresponding balances on the balance sheets.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Earnings per share</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The components of basic and diluted earnings per share consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 90%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="10">For the Years Ended June 30,</td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 58%; padding-right: 0px; font-size: 10pt;">Net Income for Basic Earnings Per Share</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">41,957,825</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">32,914,101</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">21,289,758</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Basic Weighted Average Number of Shares</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">26,943,530</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">25,929,517</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">23,468,246</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net Income per Share – Basic</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.56</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.27</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.91</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net Income for Diluted Earnings Per Share</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">41,957,825</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">32,914,101</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">21,289,758</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Diluted Weighted Average Number of Shares</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">26,943,530</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">25,929,517</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">23,468,246</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net Income per Share – Diluted</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.56</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.27</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.91</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;"><u>Reclassification</u></font></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;"> </font></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">Certain reclassifications have been made to the prior year consolidated financial statements to conform to the 2012 consolidated financial statement presentation. Such reclassifications did not affect total revenues, operating income or net income or cash flows as previously reported.</font></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Recent accounting pronouncements</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">In May 2011, the FASB issued guidance to amend certain measurement and disclosure requirements related to fair value measurements to improve consistency with international reporting standards. This guidance is effective prospectively for public entities for interim and annual reporting periods beginning after December 15, 2011, with early adoption by public entities prohibited. The Company is currently evaluating this guidance, but does not expect its adoption will have a material effect on its consolidated financial statements.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">In June 2011, the FASB issued new guidance on the presentation of comprehensive income that will require a company to present components of net income and other comprehensive income in one continuous statement or in two separate, but consecutive statements. There are no changes to the components that are recognized in net income or other comprehensive income under current GAAP. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011, with early adoption permitted. The Company is currently evaluating this guidance, but does not expect its adoption will have a material effect on its consolidated financial statements.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">In September 2011, the FASB issued ASU 2011-08 which provides an entity the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step test for goodwill impairment.  If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required.  Otherwise, no further testing is required. The revised standard is effective for the Company for its annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011.  The Company is currently evaluating this guidance, but does not expect its adoption will have a material effect on its consolidated financial statements.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 3 – ACQUISITION</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Beijing Gufeng Chemical Products Co., Ltd. (“Gufeng”) was founded in 1993. Its wholly-owned subsidiary Beijing Tianjuyuan Fertilizer Co., Ltd. (“Tianjuyuan”) was founded in 2001 and was acquired by Gufeng on May 4, 2010. Both companies are based in Beijing, and registered to produce compound fertilizer, blended fertilizer, organic compound fertilizer and mixed, organic-inorganic compound fertilizer and sell their products throughout China and abroad.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan by purchasing all of Gufeng’s outstanding equity interests and delivering acquisition consideration of approximately $8.8 million cash and approximately 1.4 million shares of the Company’s common stock (valued at approximately $11.6 million) to the former shareholders of Gufeng or their designees (the “Gufeng Shareholders”). Additionally, the Company may be required to deliver up to an additional 0.9 million shares of common stock, which are being held in escrow (the “Escrowed Shares”), to be released based upon achievement of following conditions:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">1) If Gufeng achieved certain sales revenue targets for its fiscal year ending June 30, 2011 (the “Sales Target”), 341,390 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders, which is subject to adjustment based on a three-tier system. If Gufeng achieved at least 80% of the Sales Target, then 227,593 of the Escrowed Shares would be released from escrow to the Gufeng Shareholder, and if Gufeng achieves at least 60% of the Sales Target, then 113,797 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders. Gufeng had revenues of $107,081,108 for the year ended June 30, 2011, which met the Sales Target; therefore, 341,390 shares are to be released from escrow.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">2) If Gufeng achieved certain net profit after tax targets for its fiscal year ending June 30, 2011 (the “Profit Target”), 341,390 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders, which is subject to adjustment based on a three-tier system. If Gufeng achieved at least 80% of the Profit Target, then 227,593 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders, and if Gufeng achieved at least 60% of the Profit Target, then 113,797 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders. Gufeng met the Profit Target for the year ended June 30, 2011; therefore, 341,390 shares are to be released from escrow.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">3) If Gufeng obtained a land use right with respect to certain real property located in China, along with ownership of the buildings thereon, then 227,593 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders. As of June 30, 2011, Gufent had obtained the land use rights per the agreement; therefore, 227,593 shares are to be released from escrow.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company recognized a liability based on the acquisition date fair value of the acquisition-related contingent consideration based on the probability of the achievement of the targets. Based on the Company’s estimation, an initial liability of $2.9 million (341,390 shares) was recorded with adjustments made at each quarter end during the period ended June 30, 2011. The total shares to be released from escrow and due to the Gufeng shareholders at June 30, 2011 are 910,373 with a value of $7,719,963, which is recorded as “Common Stock” and “Additional Paid in Capital” on the accompanying consolidated statement of stockholders’ equity as the shares were released shortly after June 30, 2011.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The following table summarizes the fair values of the assets acquired and liabilities assumed from the acquisition of Gufeng. Since the acquisition and the initial preliminary purchase price allocation, net adjustments of $10.0 million were made to the fair values of the assets acquired and liabilities assumed with a corresponding adjustment to goodwill. These adjustments are summarized in the table presented below.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 60%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; font-style: italic; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" colspan="5">($ in millions)</td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; width: 86%; padding-right: 0px; font-size: 10pt;">Purchase Price</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">28.1</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Fair Value of Assets Acquired:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Cash and cash equivalents</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size:
10pt;">2.3</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Inventories</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">18.0</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Other current assets</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">4.5</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Fixed assets</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">16.3</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Intangible assets</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">17.1</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total Assets Acquired</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">58.2</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td> </td>
<td style="text-align: left;"> </td>
<td style="text-align: right;"> </td>
<td style="text-align: left;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Fair Value of Liabilities Assumed:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Trade payables</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">9.6</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Short-term loans</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">4.0</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Deferred revenue</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">19.1</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Other current liabilities</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">2.1</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total Liabilities Assumed</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">34.8</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td> </td>
<td style="text-align: left;"> </td>
<td style="text-align: right;"> </td>
<td style="text-align: left;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Goodwill (1)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">4.7</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">(1) The goodwill of $4.7 million is non-deductible for tax purposes in the United States.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The following table summarizes the preliminary fair value of amortizable and indefinite-lived intangible assets as of their respective acquisition dates:</p>
<p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="9">Gufeng at July 2, 2010</td>
</tr>
<tr style="vertical-align: bottom;">
<td
style="border-bottom: black 1pt solid; text-align: justify; font-style: italic; font-size: 10pt;" nowrap="nowrap">($ in millions)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Fair Value</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Estimated useful life <br />(in years)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt; font-weight: bold;">Amortizable intangible assets:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0.12in; width: 72%; padding-right: 0px; font-size: 10pt;">Customer relationships</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">9.6</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 10%; font-size: 10pt;">10</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0.12in; padding-right: 0px; font-size: 10pt;">Proprietary technologies</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1.3</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">6</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0.12in; padding-right: 0px; font-size: 10pt;">Non-compete agreement</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">0.2</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">5</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt; font-weight: bold;">Indefinite-lived intangibles:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0.12in; padding-right: 0px; font-size: 10pt;">Trademarks</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">6</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">N/A</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total intangible assets acquired</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">17.1</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left;
padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Acquisition related expenses consist of integration related professional services, certain business combination adjustments after the measurement period or purchase price allocation period has ended, and certain other operating expenses, net.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Pretax charges approximating $0.2 million were recorded for acquisition and integration related costs in the period ended June 30, 2011. These charges were recorded as general and administrative expenses. As the acquisition took place on July 2, 2010, the Company’s statement of operations for the year ended June 30, 2011 included the operations of the Company and Gufeng.</p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 4 – INVENTORIES</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Inventories consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 72%; padding-right: 0px; font-size: 10pt;">Raw materials</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">6,009,686</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">5,990,640</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Supplies and packing materials</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">565,559</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">530,644</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Work in progress</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">127,140</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">105,702</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Finished goods</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">21,900,299</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">17,105,418</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">28,602,684</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">23,732,404</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 5 – OTHER CURRENT ASSETS</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Other current assets consisted of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;" nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;"> </td>
<td> </td>
<td style="text-align: right;" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="text-align: right;" colspan="2"> </td>
<td> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; width: 72%; padding-right: 0px;">Advancement</td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">299,526</td>
<td style="width: 1%;"> </td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">530,459</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;"> </td>
<td> </td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;">Prepaid insurance</td>
<td> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">-</td>
<td> </td>
<td> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; text-indent: 20pt;">6,667</td>
<td style="padding-bottom: 1.1pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;"> </td>
<td> </td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;">Total</td>
<td> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">299,526</td>
<td> </td>
<td> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">537,126</td>
<td style="padding-bottom: 2.2pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Advancement represents advances made to non-related parties and employees. The amounts were unsecured, interest free, and due on demand. Prepaid insurance is related to the underwriting of the Company’s directors and officers insurance policy.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 6 - PROPERTY, PLANT AND EQUIPMENT</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Property, plant and equipment consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 72%; padding-right: 0px; font-size: 10pt;">Building and improvements</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">36,174,009</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">44,032,549</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Auto</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">835,412</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,491,849</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Machinery and equipment</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">63,280,923</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">37,570,652</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Agriculture assets</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">3,163,286</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,607,333</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total property, plant and equipment</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">103,453,630</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">84,702,383</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Less: accumulated depreciation</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">(23,388,469</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">(18,490,942</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">)</td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">80,065,161</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">66,211,441</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new
roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Depreciation expenses for the years ended June 30, 2012, 2011 and 2010 were $4,429,960, $4,161,068 and $2,310,596, respectively.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Agriculture assets consist of reproductive trees that are expected to be commercially productive for a period of eight years.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 7 – CONSTRUCTION IN PROGRESS</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">As of June 30, 2012 and 2011, construction in progress representing construction for Yuxing greenhouses and supporting facilities, and improvement for Gufeng’s product lines amounted to $0 and 4,662,039, respectively. The construction of greenhouses and supporting facilities in Yuxing concluded in the fourth quarter of fiscal year 2012.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 8 - INTANGIBLE ASSETS</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Intangible assets consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 72%; padding-right: 0px; font-size: 10pt;">Land use rights, net</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">11,014,591</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">11,814,149</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Technology patent, net</td>
<td style="font: 10pt times new roman,times,serif;"> </td>
<td style="text-align: left; font: 10pt times new roman,times,serif;"> </td>
<td style="text-align: right; font: 10pt times new roman,times,serif;">1,902,131</td>
<td style="text-align: left; font: 10pt times new roman,times,serif;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,188,969</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Customer relationships, net</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">8,253,368</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">9,045,858</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Non-compete agreement, net</td>
<td style="font: 10pt times new roman,times,serif;"> </td>
<td style="text-align: left; font: 10pt times new roman,times,serif;"> </td>
<td style="text-align: right; font: 10pt times new roman,times,serif;">125,453</td>
<td style="text-align: left; font: 10pt times new roman,times,serif;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">163,363</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Trademarks</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">6,323,098</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">6,296,290</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">27,618,641</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">28,508,629</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">LAND USE RIGHT</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On September 25, 2009, Yuxing was granted a land use right for approximately 88 acres (353,000 square meters or 3.8 million square feet) by the People’s Government and Land & Resources Bureau of Hu County, Xi’an, Shaanxi Province. The fair value of the related intangible asset
was determined to be the respective cost of RMB 73,184,895 (or $11,102,149). The intangible asset is being amortized over the grant period of 50 years using the straight line method.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">On August 13, 2003, Tianjuyuan was granted a certificate of Land Use Right for a parcel of land of approximately 11 acres (42,726 square meters or 459,898 square feet) at Ping Gu District, Beijing. The purchase cost was recorded at RMB 1,045,950 (or $158,670). The intangible asset is being amortized over the grant period of 50 years.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On August 16, 2001, Jinong received a land use right as a contribution from a shareholder, which was granted by the People’s Government and Land & Resources Bureau of Yanling District, Shaanxi Province. The fair value of the related intangible asset at the time of the contribution was determined to be RMB 7,285,099 (or $1,105,150). The intangible asset is being amortized over the grant period of 50 years.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Land Use Rights consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 72%;">Land use rights</td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">12,912,125</td>
<td style="width: 1%;"> </td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">12,452,801</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;">Less: accumulated amortization</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(1,897,534</td>
<td style="padding-bottom: 1.1pt;">)</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(638,652</td>
<td style="padding-bottom: 1.1pt;">)</td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 3.3pt;">Total land use rights, net</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">11,014,591</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">11,814,149</td>
<td style="padding-bottom: 3.3pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">TECHNOLOGY PATENT</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">On August 16, 2001, Jinong was issued a technology patent related to a proprietary formula used in the production of humid acid. The fair value of the related intangible asset was determined to be the respective cost of RMB 5,875,068 (or $891,248) and is being amortized over the patent period of 10 years using the straight line method.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan. The preliminary fair value on the acquired technology patent was estimated to be RMB 9,200,000 (or $1,375,084) and is amortized over the remaining useful life of six years using the straight line method. See Note 3.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The technology know-how consisted of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 72%;">Technology know-how</td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">2,387,891,</td>
<td style="width: 1%;"> </td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">2,332,113</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white;
vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;">Less: accumulated amortization</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(485,760</td>
<td style="padding-bottom: 1.1pt;">)</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(1,143,144</td>
<td style="padding-bottom: 1.1pt;">)</td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 3.3pt;">Total technology know-how, net</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">1,902,131</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">1,188,969</td>
<td style="padding-bottom: 3.3pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">CUSTOMER RELATIONSHIP</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan. The preliminary fair value on the acquired customer relationships was estimated to be RMB 65,000,000 (or $9,715,268) and is amortized over the remaining useful life of ten years.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 72%;">Customer relationships</td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">10,296,000</td>
<td style="width: 1%;"> </td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">10,096,418</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;">Less: accumulated amortization</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(2,042,632</td>
<td style="padding-bottom: 1.1pt;">)</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(1,050,560)</td>
<td style="padding-bottom: 1.1pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 3.3pt;">Total customer relationships, net</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">8,253,368</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">9,045,858</td>
<td style="padding-bottom: 3.3pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">NON-COMPETE AGREEMENT</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan. The preliminary fair value on the acquired non-compete agreement was estimated to be RMB 1,320,000 (or $197,295) and is amortized over the remaining useful life of five years using the straight line method.  </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 72%;">Non-compete agreement</td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">209,088</td>
<td style="width: 1%;"> </td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">204,204</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;">Less: accumulated amortization</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(83,635</td>
<td
style="padding-bottom: 1.1pt;">)</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(40,841)</td>
<td style="padding-bottom: 1.1pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 3.3pt;">Total non-compete agreement, net</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">125,453</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">163,363</td>
<td style="padding-bottom: 3.3pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">TRADEMARKS</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan. The preliminary fair value on the acquired trademarks was estimated to be RMB 40,700,000 (or $6,083,252) and is subject to an annual impairment test.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Total amortization expenses of intangible assets for the years ended June 30, 2012, 2011 and 2010 amounted to $1,562,906, 1,587,190 and $287,521, respectively.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">AMORTIZATION EXPENSE</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Estimated amortization expenses of intangible assets for the next five (5) years after June 30, 2012, are as follows:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 50%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" nowrap="nowrap">Year Ends</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Expense ($)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 86%; font-size: 10pt;">June 30, 2013</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 10%; font-size: 10pt;">1,665,601</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2014</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,665,601</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2015</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,665,601</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2016</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,665,601</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2017</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,665,601</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
</table>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 10 - AMOUNT DUE TO RELATED PARTIES</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">As of June 30, 2012 and 2011, the amount due to related parties was $370,719 and $69,962, respectively.  These amounts represent unsecured, non-interest bearing loans that are due on demand.  These loans are not subject to written agreements.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On August 10, 2010, Xi’an Hu County Yuxing Agriculture Technology Development Co., Ltd (“Yuxing”) which is a subsidiary of the Company, entered into an agreement with Kingtone Wirelessinfo Solution Holding Ltd (“Kingtone”) which was responsible for developing certain electronic control systems for Yuxing. The total contracted value of this agreement, including value-added taxes and other taxes, is RMB3,030,000, or approximately US$458,000. The related project is currently ongoing, and RMB 1,212,000 or $183,200 has been paid by the Yuxing to Kingtone.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">In July 2007, Jinong signed an office lease with Xi’an Techteam Science and Technology Industry (Group) Co., Ltd. (the “Group Company”), which is controlled by Mr. Tao Li, Green Nevada’s Chairman, President and CEO at a monthly rent of $954 (RMB 6,460) per month. On September 30, 2010, Jinong cancelled this lease agreement with the Group Company without penalty and signed a two year lease effective as of July 1, 2010 directly with Xi’an Kingtone Information Technology Co., Ltd. (“Kingtone Information”), who owns the property. Kingtone Information is a Variable Interest Entity (“VIE”) controlled by Kingtone Wirelessinfo Solution Holding Ltd. (“Kingtone Wirelessinfo”), whose Chairman and majority shareholder is Mr. Tao Li. According to the new lease agreement, the monthly rent is $1,596 (RMB10,800).</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On June 29, 2012, Jinong signed a new office lease with Kingtone Information. Pursuant to the new lease, Jinong rented 612 square meters (approximately 6,588 square feet) of office space from Kingtone Information. The lease provided for a two-year term effective as of July 1, 2012 with monthly rent of RMB 24,480(approximately $3,856).</p>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 9 - ACCRUED EXPENSES AND OTHER PAYABLES</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Accrued expenses and other payables consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 72%;">Payroll payable</td>
<td style="text-align: right; width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;"> 127,149</td>
<td style="width: 1%;"> </td>
<td style="text-align: right; width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">248,686</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify;">Welfare payable</td>
<td style="text-align: right;"> </td>
<td> </td>
<td style="text-align: right;"> 168,150</td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
<td style="text-align: right;">164,223</td>
<td> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify;">Accrued expenses</td>
<td style="text-align: right;"> </td>
<td> </td>
<td style="text-align: right;">2,827,028</td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
<td style="text-align: right;">1,666,753</td>
<td> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;">Other payable</td>
<td style="text-align: right; padding-bottom: 1.1pt;"> </td>
<td> </td>
<td style="text-align: right;">1,045,010</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="text-align: right; padding-bottom: 1.1pt;"> </td>
<td> </td>
<td style="text-align: right;">1,202,691</td>
<td style="padding-bottom: 1.1pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 3.3pt;">Other levy payable</td>
<td style="text-align: right; padding-bottom: 3.3pt;"> </td>
<td> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">122,912</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="text-align: right; padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">-</td>
<td style="padding-bottom: 3.3pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 3.3pt;">Total</td>
<td style="text-align: right; padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">4,290,249</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="text-align: right; padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">3,282,353</td>
</tr>
</table>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 11 - LOAN PAYABLES</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The short-term loans payable consist of eight loans which mature on dates ranging from July 23, 2012 through April 22, 2013 interest rates ranging from 6.89% to 8.87%. The loans are collateralized by the Company’s land use rights.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2" nowrap="nowrap">Interest</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="6" nowrap="nowrap">June 30,</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2" nowrap="nowrap">No.</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" nowrap="nowrap">Payee</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" nowrap="nowrap">Loan period per agreement</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2" nowrap="nowrap">Rate</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: center; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: center; width: 5%; font-size: 10pt;">1</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; width: 30%; font-size: 10pt;">Agriculture Bank of China-Beijing Branch</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; width: 30%; font-size: 10pt;">January 11, 2012 - January 10, 2013</td>
<td style="width: 1%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 5%; font-size: 10pt;">6.89</td>
<td style="text-align: left; width: 1%; font-size: 10pt;">%</td>
<td style="width: 1%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 8%; font-size: 10pt;">1,330,560</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 8%; font-size: 10pt;">1,299,480</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">2</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">Agriculture Bank of China-Beijing Branch</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">March 23, 2012 -  March 22, 2013</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">8.2</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,267,200</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,237,600</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">3</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">Agriculture Bank of China-Beijing Branch</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">April 23, 2012 - April 22, 2013</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">7.26</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td
style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,599,840</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,562,470</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">4</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">Bank of Tianjin</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">September 9, 2011 - July 23, 2012</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">7.54</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,813,680</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">5</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">Minsheng Bank</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">September 8, 2011 - September 8, 2012</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">8.2</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,814,372</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">6</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">Minsheng Bank</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">September 19, 2011 - September 19, 2012</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">8.2</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">561,628</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">7</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">China Merchant Bank</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">July 25, 2011 - July 26, 2012</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">8.53</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">3,960,000</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: center; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: center; padding-bottom: 1pt; font-size: 10pt;">8</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;">Industrial and Commercial Bank of China</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;">October 17, 2011 - October 17,2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;">8.87</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,584,000</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: center; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: center; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size:
10pt;"> </td>
<td style="padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">13,931,280</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">4,099,550</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The interest expense from short-term loans were $1,590,620, $466,912 and $112,475 for the years ended June 30, 2012, 2011 and 2010, respectively.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"><b>NOTE 12 – TAXES PAYABLE</b></p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"><u>Enterprise Income Tax</u></p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">Effective January 1, 2008, the new Enterprise Income Tax (“EIT”) law of the PRC replaced the existing tax laws for Domestic Enterprises (“DES”) and Foreign Invested Enterprises (“FIEs”). The new EIT rate of 25% replaced the 33% rate that was applicable to both DES and FIEs. The two year tax exemption and three year 50% tax reduction tax holiday for production-oriented FIEs was eliminated. Since January 1, 2008, Jinong became subject to income tax in China at a rate of 15% as a high-tech company, as a result of the expiration of its tax exemption on December 31, 2007, and accordingly, it made provision for income taxes for the years ended June 30, 2012, 2011, and 2010 of $6,597,765, $5,157,185 and, $3,794,516, respectively, which is mainly due to the operating income from Jinong. Gufeng is subject to 25% EIT rate and thus it made provision for income taxes of $4,203,548, $3,879,959 and $0 for the years ended June 30, 2012, 2011 and 2010, respectively. Jintai has been exempt from paying income tax since its formation as it produces products which fall into the tax exemption list set out in the EIT. This exemption is expected to last as long as the applicable provisions of the EIT do not change.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"><u>Value-Added Tax</u></p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">All of the Company’s fertilizer products that are produced and sold in the PRC were subject to a Chinese Value-Added Tax (VAT) of 13% of the gross sales price. On April 29, 2008, the PRC State of Administration of Taxation (SAT) released Notice #56, “<i>Exemption of VAT for Organic Fertilizer Products</i>”, which allows certain fertilizer products to be exempt from VAT beginning June 1, 2008. The Company submitted the application for exemption in May 2009, which was granted effective September 1, 2009, continuing through December 31, 2015. The VAT exemption applies to all agricultural products sold by Jintai, and all but a nominal amount of agricultural products sold by Jinong.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"><u>Income Taxes and Related Payables</u></p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">Taxes payable consist of the following:</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 60%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 72%; font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">VAT provision (credit)</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">68,180</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">40,495</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Income tax payable</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">17,274,817</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">6,593,876</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: justify; padding-bottom: 1pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Other levies</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">332,392</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">370,494</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 0px; padding-right: 0px;
text-indent: 0px;">Total</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">17,675,389</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">7,004,865</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">Income Taxes in the Consolidated Statements of Income and Comprehensive Income</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">The provision for income taxes consists of the following:</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 80%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 58%; font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Current tax - foreign</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">10,801,313</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">9,037,144</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">3,794,516</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: justify; padding-bottom: 1pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Deferred tax</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Total</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">10,801,313</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">9,037,144</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">3,794,516</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">The components of deferred income tax assets and liabilities as of June 30, 2012 and 2011 are as follows:</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 80%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align:
bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Deferred tax assets:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="width: 72%; font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: 0px; padding-left: 0.24in; padding-right: 0px;">Net operating loss</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">5,171,183</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">3,230,899</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Total deferred tax assets</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">5,171,183</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">3,230,899</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: 0px; padding-left: 0.24in; padding-right: 0px;">Less valuation allowance</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(5,171,183</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(3,230,899</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 2.5pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"><u>Tax Rate Reconciliation</u></p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">Our<font style="color: black;"> effective tax rates were approximately 20.5%, 21.5% and 15.1% for the year ended June 30, 2012, 2011 and 2010, respectively. </font>Substantially all of the Company’s income before income taxes and related tax expense are from PRC sources. Actual income tax benefit reported in the consolidated statements of income and comprehensive income differ from the amounts computed by applying the US statutory income tax rate of 34% to income before income taxes for the years ended June 30, 2012, 2011 and 2010 for the following reasons:</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;">FY2012</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="6">China</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="6">United States</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td
style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="6">15% - 25%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="6">34%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">Total</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 40%; font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Pretax income (loss)</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 6%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">58,465,856</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 6%; padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 6%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(5,706,718</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 6%; padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 6%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">52,759,138</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 6%; padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Expected income tax expense (benefit)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">13,189,785</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">22.6</td>
<td style="font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(1,940,284</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(34.0</td>
<td style="font-size: 10pt; text-align: left;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align:
right;">11,249,501</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">High-tech income benefits on Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(4,439,873</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(7.6</td>
<td style="font-size: 10pt; text-align: left;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(4,439,873</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Losses from subsidiaries in which no benefit is recognized</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">2,051,401</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">3.5</td>
<td style="font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">2,051,401</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 0.12in; padding-right: 0px; text-indent: 0px;">Change in valuation allowance on deferred tax asset from US tax benefit</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">1,940,284</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">34.0</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">1,940,284</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 2.5pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Actual tax expense</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">10,801,313</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">18.5</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt;
text-align: right;">-</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">10,801,313</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">20.5</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">%</td>
</tr>
</table>
<p style="margin: 0;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font: 10pt times new roman,times,serif; padding-right: 0px; padding-left: 0px; text-indent: 0px;">FY 2011</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="6">China</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="6">United States</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="6">15% - 25%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="6">34%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">Total</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 40%; font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Pretax income (loss)</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 6%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">48,782,427</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 6%; padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 6%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(6,831,182</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 6%; padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 6%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">41,951,245</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 6%; padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align:
bottom; background-color: white;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Expected income tax expense (benefit)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">12,195,607</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">25.0</td>
<td style="font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(2,322,602</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(34.0</td>
<td style="font-size: 10pt; text-align: left;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">9,873,005</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">High-tech income benefits on Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(3,416,976</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(7.0</td>
<td style="font-size: 10pt; text-align: left;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(3,416,976</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Losses from subsidiaries in which no benefit is recognized</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">258,513</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">0.5</td>
<td style="font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">258,513</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 0.12in; padding-right: 0px; text-indent: 0px;">Change in valuation allowance on deferred tax asset from US tax benefit</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom:
1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">2,322,602</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">34.0</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">2,322,602</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 2.5pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Actual tax expense</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">9,037,144</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">18.5</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">9,037,144</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: center;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">21.5</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">%</td>
</tr>
</table>
<p style="margin: 0;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font: 10pt times new roman,times,serif; padding-right: 0px; padding-left: 0px; text-indent: 0px;">FY 2010</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="6">China</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="6">United States</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="6">15% - 25%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="6">34%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">Total</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td
style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 40%; font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Pretax income (loss)</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 6%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">27,755,696</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 6%; padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 6%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(2,671,463</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 6%; padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="width: 6%; border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">25,084,233</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="width: 6%; padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Expected income tax expense (benefit)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">4,163,354</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">15.0</td>
<td style="font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(908,297</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(34.0</td>
<td style="font-size: 10pt; text-align: left;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">3,255,057</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Income tax benefit of nontaxable income on Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(396,034</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(1.4</td>
<td style="font-size: 10pt; text-align: left;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt;
text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(396,034</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Income tax benefit of nontaxable income on Yuxing</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">27,196</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">0.1</td>
<td style="font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">27,196</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 0.12in; padding-right: 0px; text-indent: 0px;">Change in valuation allowance on deferred tax asset from US tax benefit</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">908,297</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">34.0</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">908,297</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 2.5pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;">Actual tax expense</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">3,794,516</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">13.7</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">%</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">3,794,516</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">15.1</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">%</td>
</tr>
</table>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 13 – STOCKHOLDERS’ EQUITY</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Common Stock</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On July 2, 1010, the Company issued a total of 2,275,931 shares of common stock to Gufeng’s previous shareholders or their designees. Of the shares being issued in the acquisition, 40% have been held in escrow pending satisfaction of certain conditions such as make good targets set for Gufeng for the fiscal year ended June 30, 2011. See Note 3.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On March 31, 2011, the Company granted a total of 96,000 shares of restricted common stock of the Company to certain directors and executive officers under its 2009 Equity Incentive Plan. Pursuant to the terms of the grant, 8,000 shares of restricted common stock were vested on April 30, 2011, 44,000 shares vested on June 2, 2011, and 44,000 shares vested on December 31,2011. These shares were issued in September 2011.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On March 8, 2012, the Company issued 63,158 shares of common stock in a private placement to Mr. Tao Li, the Company’s Chairman and Chief Executive Officer, at a purchase price of $4.75 per share, for an aggregate purchase price of $300,001 pursuant to and in accordance with the terms and provisions of a Securities Purchase Agreement in a form previously presented to the Board of Directors of the Company.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On March 31, 2012, the Company issued 5,704 shares of Common Stock valued at $24,000 of consulting services.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On June 14, 2012, the Company granted a total of 1,000,000 shares of restricted common stock of the Company to certain directors, executive officers and key employees under its 2009 Equity Incentive Plan. Pursuant to the terms of the grant, the stock grants vest in three installments on June 30, 2012, September 30, 2012 and December 31, 2012. The Company has issued 445,000 shares of common stock related to these grants with 555,000 yet to be issued.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Preferred Stock</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Under the Company’s articles of incorporation, the board of directors has the authority, without further action by stockholders, to designate up to 20,000,000 shares of preferred stock in one or more series and to fix the rights, preferences, privileges, qualifications and restrictions granted to or imposed upon the preferred stock, including dividend rights, conversion rights, voting rights, rights and terms of redemption, liquidation preference and sinking fund terms, any or all of which may be greater than the rights of the common stock. If the Company sells preferred stock under its registration statement on Form S-3, it will fix the rights, preferences, privileges, qualifications and restrictions of the preferred stock of each series in the certificate of designation relating to that series and will file the certificate of designation that describes the terms of the series of preferred stock the Company offers before the issuance of the related series of preferred stock.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">As of June 30, 2012, the Company has 20,000,000 shares of preferred stock authorized, with a par value of $.001 per share, of which no shares are issued or outstanding.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 14 – STOCK OPTIONS</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">On March 31, 2011, per compensation board resolution, the Company<font style="font-family: times new roman, times, serif;"> </font>forfeited all those outstanding unvested call options granted to current officers and directors and former officers on March, 1 2010 and February 7, 2010 according to the<font style="font-family: times new roman, times, serif;"> </font>2009 Equity Incentive Plan.</font></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">There were no issuances of stock options during the year ended June 30, 2012 and 2011.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Options outstanding as of June 30, 2012 and related weighted average price and intrinsic value are as follows:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 80%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Weighted</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Average</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Number</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Exercise</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Aggregate</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">of Shares</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Price</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Intrinsic Value</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; width: 58%; padding-right: 0px; font-size: 10pt;">Outstanding, June 30, 2010</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 10%; font-size: 10pt;">195,291</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">14.67</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 10%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Granted</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Forfeited/Canceled</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(80,192</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td
style="text-align: right; font-size: 10pt;">14.67</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Exercised</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Outstanding, June 30, 2011</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">115,099</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">14.66</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Granted</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Forfeited/Canceled</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Exercised</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Outstanding, June 30, 2012</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">115,099</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">$</td>
<td style="text-align: right; padding-bottom: 2.5pt; font-size: 10pt;">14.66</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">$</td>
<td style="text-align: right; padding-bottom: 2.5pt; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Exercisable, June 30, 2012</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">115,099</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">$</td>
<td style="text-align: right; padding-bottom: 2.5pt; font-size: 10pt;">14.66</td>
<td style="text-align: left;
padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">$</td>
<td style="text-align: right; padding-bottom: 2.5pt; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The following table summarizes the options outstanding and exercisable as of June 30, 2012:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 80%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="14" nowrap="nowrap">Options Outstanding and Exercisable</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Weighted</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Weighted</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Average</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Number Outstanding</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Average</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Remaining</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Range of</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">and Exercisable as of</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Exercise</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Contractual Life</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Exercise Price</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30, 2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Price</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">(Years)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 22%; font-size: 10pt;">14.02-14.70</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 22%; font-size: 10pt;">115,099</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 21%; font-size: 10pt;">14.66</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 21%; font-size: 10pt;">2.50</td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 15 –CONCENTRATIONS AND LITIGIATION</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>Market Concentration</i></b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">All of the Company's revenue-generating operations are conducted in the PRC. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC, and by the general state of the PRC's economy.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among other things , the political, economic and legal environments and foreign currency exchange. The Company's results may be adversely affected by, among other things, changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>Vendor and Customer Concentration</i></b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="color: black;">There was two vendors from which the Company purchased 11.9% and 10.1% of its raw materials for the year ended June 30, 2012. Account payable to </font>Beijing Baofengnian<font style="color: black;"> Agricultural Material Co. Ltd. was $216,842 and advance payment to Inner Mongolia Shuangying Chemical Products Co. Ltd. was $1,389,368. </font></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">One vendor accounted for approximately 11.5% of the Company’s total purchases for the year ended June 30, 2011. Advance payment to Inner Mongolia Shuangying Chemical Products Co. Ltd. was $900,070.as of June 30, 2011.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">One vendor accounted for approximately 12.4% of the Company’s total purchases of raw materials for the year ended June 30, 2010. There were no accounts payable to this vendor as of June 30, 2010.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="color: black;">One customer, </font>Sinoagri Holding Company<font style="color: black;"> Limited, accounted for $31,509,757, or 14.5% of the Company’s sales for the year ended June 30, 2012. One customer, </font>Sinoagri Holding Company<font style="color: black;"> Limited, accounted for $31,599,412, or 17.6% of the Company’s sales for the year ended June 30, 2011. There was no customers which accounted for more than 10% of the Company’s sales for the years ended June 30, 2010.</font></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>Litigation</i></b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On October 15, 2010, a class action lawsuit was filed against the Company and certain of its current and former officers in the United States District Court for the District of Nevada (the "Nevada Federal Court") on behalf of purchasers of the Company’s common stock between November 12, 2009 and September 1, 2010.  On April 27, 2011, the court appointed the lead plaintiff and lead plaintiff’s counsel. On June 13, 2011, lead plaintiff filed an amended complaint, which adds several additional defendants and expands the class period to include purchasers who purchased our common stock between May 12, 2009 and January 4, 2011. The amended complaint alleges that the Company and certain of its current and former officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11, 12(a)(2), and 15 of the Securities Act of 1933, as amended, by making material misstatements and omissions in the Company’s financial statements, securities offering documents, and related disclosures during the class period..  The plaintiffs claim that such allegedly misleading financial statements inflated the price of the Company’s common stock and seek monetary damages in an amount to be determined at trial. Defendants moved to dismiss the amended complaint on October 7, 2011. Defendants’ motions are fully briefed and the Nevada Federal Court has scheduled oral argument for October 2, 2012.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On September 5, 2012, the Company received a letter from the staff of the U.S. Securities and Exchange Commission notifying it that the staff had completed its investigation of the Company and that it did not intend to recommend any enforcement action against the Company.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"><b>NOTE 16 – SEGMENT REPORTING</b></p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">The Company was organized into four main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), Jintai (agricultural products production) and Yuxing (agricultural products production). Each of the four operating segments referenced above has separate and distinct general ledgers. The chief operating decision maker (“CODM”) receives financial information, including revenue, gross margin, operating income and net income produced from the various general ledger systems to make decisions about allocating resources and assessing performance; however, the principal measure of segment profitability or loss used by the CODM is net income by segment.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">The following tables present a summary of our businesses’ and operating segments’ results.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="10">For the Year Ended June 30,</td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Revenues from unaffiliated customers:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="width: 58%; font-size: 10pt; padding-left: 9.9pt;">Jinong</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">88,168,740</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">65,629,264</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">45,816,377</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-left: 9.9pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">121,480,943</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">107,081,018</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-left: 9.9pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">5,792,002</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">6,826,933</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">6,274,375</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 1pt; padding-left: 9.9pt;">Yuxing</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">2,082,520</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">180,750</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color:
white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">217,524,205</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">179,717,966</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">52,090,752</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Operating income :</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">43,636,915</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">34,051,094</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">25,160,683</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">18,211,687</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">15,288,871</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(1,863,529</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(96,343</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">2,640,016</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Yuxing</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(352,996</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(296,832</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(181,313</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Reconciling item (1)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Reconciling item (2)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(2,482,232</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align:
right;">(3,230,124</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(997,316</td>
<td style="font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Reconciling item (2)--stock compensation</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(3,224,835</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(3,605,235</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(1,695,449</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">53,925,010</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">42,111,431</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">24,926,621</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Net income:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">37,363,672</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">29,139,457</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">21,502,252</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">12,335,102</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">10,995,984</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(1,863,235</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(96,244</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">2,640,233</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Yuxing</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(170,996</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(293,914</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td
style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(181,304</td>
<td style="font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Reconciling item (1)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">347</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">4,178</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">21,342</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Reconciling item (2)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(5,707,065</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(6,835,360</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(2,692,765</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">41,957,825</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">32,914,101</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">21,289,758</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Depreciation and Amortization:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">2,347,530</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">2,686,524</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">2,299,483</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">2,878,037</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">2,711,483</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">128,563</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">124,139</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td
style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">119,973</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 1pt;">Yuxing</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">638,736</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">226,112</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">178,661</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">5,992,866</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">5,748,258</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">2,598,117</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Interest expense:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">112,475</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">1,590,620</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">466,912</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Reconciling item (2)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align:
right;">1,590,620</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">466,912</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">112,475</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Capital Expenditure:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">7,935,098</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">6,492,775</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">4,243,089</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">8,229,092</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">3,291</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">180,686</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 1pt;">Yuxing</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">3,948,849</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">11,521,005</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">12,100,919</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">11,883,947</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">26,246,163</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">16,524,694</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;"> </td>
<td
style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Identifiable assets:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">221,575,406</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">111,956,641</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">103,519,520</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">57,657,305</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">67,260,447</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">6,670,058</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">14,001,793</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">12,198,845</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Yuxing</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">1,851,745</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">24,354,406</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">12,748,003</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Reconciling item (1)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">280,445</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">969,963</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">3,311,943</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Reconciling item (2)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(3,906</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">4,827,737</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">9,631</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">288,031,053</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;
padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">223,370,987</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">131,787,942</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">(1) Reconciling amounts refer to the unallocated assets or expenses of Green New Jersey.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">(2) Reconciling amounts refer to the unallocated assets or expenses of the Parent Company.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0; text-align: justify;">Total revenues from exported products currently account for approximately 15.0% and 22% of our total fertilizer revenues in fiscal 2012 and 2011. Revenues generated from exported products were less than 1% of the Company’s total fertilizer revenues in fiscal 2010, prior to the Company’s acquisition of Gufeng.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="text-align: center; font: 10pt times new roman, times, serif; margin-top: 0pt; margin-bottom: 0pt;">FY2012 Export Details</p>
<p style="text-align: center; font: 10pt times new roman, times, serif; margin-top: 0pt; margin-bottom: 0pt;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Export to</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Subsidiary</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Type</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">Amount ($)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 21%; font-size: 10pt; text-align: center; padding-bottom: 1pt;">India</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 21%; font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Gufeng</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 40%; font-size: 10pt; text-align: center; padding-bottom: 1pt;">40% humic acid organic/inorganic fertilizer</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 10%; font-size: 10pt; text-align: right;">31,330,724</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">India</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Liquid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">77,576</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">India</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Solid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">60,538</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Ghana</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Liquid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: right; border-bottom: 1pt solid black;">75,984</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: center; padding-bottom: 2.5pt;">Total</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 2.5pt; padding-left: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: left; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: right; border-bottom: 2.5pt double black;">31,544,822</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="text-align: center; font: 10pt times new roman, times, serif; margin-top: 0pt; margin-bottom: 0pt;">FY2011 Export Details</p>
<p style="margin: 0;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times
new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Export to</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Subsidiary</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Type</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">Amount ($)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 21%; font-size: 10pt; padding-bottom: 1pt;">India</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 21%; font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Gufeng</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 40%; font-size: 10pt; text-align: center; padding-bottom: 1pt;">Blended Compound Fertilizer</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 10%; font-size: 10pt; text-align: right;">40,835,834</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 1pt;">India</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Liquid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">42,581</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 1pt;">India</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Solid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">38,479</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 1pt;">Ecuador</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Liquid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">3,740</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 1pt;">Surinam</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Liquid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: right; border-bottom: 1pt solid black;">1,159</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Total</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 2.5pt; padding-left: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: left; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: right; border-bottom: 2.5pt double black;">40,921,793</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 17 - COMMITMENTS AND CONTINGENCIES</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">As mentioned under Note 10, in July 2007, Jinong signed an office lease with the Group Company at a monthly rent of $954 (RMB 6,460) per month. On September 30, 2010, Jinong cancelled this lease agreement with the Group Company without penalty and signed a two year lease effective as of July 1, 2010 directly with Kingtone Information, who owns the property. According to the new lease agreement, the monthly rent is $1,596 (RMB 10,800).</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">On June 29, 2012, Jinong signed a new office lease with Kingtone Information. Pursuant to the new lease, Jinong rented 612 square meters (approximately 6,588 square feet) of office space from Kingtone Information. The lease provided for a two-year term effective as of July 1, 2012 with monthly rent of $3,856 (RMB 24,480).</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">In January 2008, Jintai signed a ten year land lease with Xi’an Jinong Hi-tech Agriculture Demonstration Zone for a monthly rent of $768 (RMB 5,200).</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">In February 2004, Tianjuyuan signed a fifty year lease with the village committee of Dong Gao Village and Zhen Nan Zhang Dai Village in the Beijing Ping Gu District, at a monthly rent of $437 (RMB 2,958).</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Accordingly, the Company recorded an aggregate of $33,612, $54,869 and $20,494 as rent expenses for the years ended June 30, 2012, 2011 and 2010, respectively. Rent expenses for the next five years ended June 30, are as follows:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 60%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;">Years ending:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 86%; font-size: 10pt;">June 30, 2013</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">66,794</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2014</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">61,691</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2015</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">15,419</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2016</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">15,419</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2017</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">15,419</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 19 – SELECTED QUARTERLY DATA (UNAUDITED)</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 95%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="14" nowrap="nowrap">Quarterly Periods Ended</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">September 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">December 31,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">March 31,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 44%; padding-right: 0px; font-size: 10pt;">Net Revenue</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">53,102,594</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">47,093,997</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">60,016,344</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">57,311,270</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Gross Profit</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">18,908,732</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">16,389,485</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">22,475,339</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">21,501,677</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Income from operation</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">13,279,563</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">10,195,755</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">15,862,008</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">14,587,684</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Other income (expense)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">(84,416</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">(220,662</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">(521,093</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">(339,701</td>
<td style="text-align: left; font-size: 10pt;">)</td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net income</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">10,731,636</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">7,743,878</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">12,374,361</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">11,107,950</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Earnings per shares - basic</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.40</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.29</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.46</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.41</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Earnings per shares - diluted</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.40</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.29</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.46</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.41</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 95%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="14" nowrap="nowrap">Quarterly Periods Ended</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">September 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">December 31,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">March 31,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 44%; padding-right: 0px; font-size: 10pt;">Net Revenue</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">39,482,921</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">35,311,738</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">44,653,284</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">60,270,023</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Gross Profit</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">13,139,327</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">12,332,826</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">17,039,509</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">21,108,373</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Income from operation</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">9,625,155</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">7,872,756</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">12,124,854</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">12,488,666</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Other income (expense)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">(123,627</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">(27,843</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">(140,650</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">131,934</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net income</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">7,787,785</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">6,229,492</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">9,472,745</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">9,424,079</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Earnings per shares - basic</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.30</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.24</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.37</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.36</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Earnings  per shares - diluted</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.30</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.24</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.35</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.38</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>NOTE 18 – RESTRICTED NET ASSETS</b></p>
<p style="text-indent: 0.5in; margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company’s operations are primarily conducted through its PRC subsidiaries, which can only pay dividends out of their retained earnings determined in accordance with the accounting standards and regulations in the PRC and after it has met the PRC requirements for appropriation to statutory reserves. In addition, the Company’s businesses and assets are primarily denominated in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions requires submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts. These currency exchange control procedures imposed by the PRC government authorities may restrict the ability of the Company’s PRC subsidiaries to transfer their net assets to the Parent Company through loans, advances or cash dividends.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company’s PRC subsidiaries net assets amounted to $229,383,600 as of June 30, 2012, and thus exceeded 25% of the Company’s consolidated net assets. Accordingly, condensed Parent Company financial statements have been prepared in accordance with Rule 5-04 and Rule 12-04 of SEC Regulation S-X, and are as follows.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>Parent Company Financial Statements</i></b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">PARENT COMPANY FINANCIAL INFORMATION OF CHINA GREEN AGRICULTURE, INC.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 90%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap">Condensed Balance Sheets</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="font-size: 10pt;">ASSETS</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Current Assets:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; width: 72%; font-size: 10pt;">Cash and cash equivalents</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">277,538</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">964,149</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Other current assets</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,908</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">8,575</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Total Current Assets</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">279,446</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">972,724</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Long-term equity investment</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">243,711,250</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">192,634,559</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Total long term assets</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">243,711,250</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">192,634,559</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">Total Assets</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">243,990,696</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">193,607,283</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">LIABILITIES AND STOCKHOLDERS' EQUITY</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Current Liabilities:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Accounts payable</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">64,520</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">64,520</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Amount due to related parties</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">38,343</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">38,343</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Other payables and accrued expenses</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,631,179</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,631,179</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Total Current Liabilities</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,734,042</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,734,042</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Stockholders' Equity</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Common stock, $.001 par value, 115,197,165 shares authorized, 27,455,722 and 26,845,860, shares issued and outstanding as of June 30, 2012 and 2011, respectively</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">27,456</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">26,846</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Additional paid in capital</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">102,175,709</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">98,627,482</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Accumulated other comprehensive income</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">15,780,507</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">10,903,756</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Retained earnings</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">124,272,982</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">82,315,157</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Total Stockholders' Equity</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">242,256,654</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">191,873,241</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">Total Liabilities and Stockholders' Equity</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">243,990,696</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">193,607,283</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">PARENT COMPANY FINANCIAL INFORMATION OF CHINA GREEN AGRICULTURE, INC</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap">Condensed Statements of Operations</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="10" nowrap="nowrap">Year ended June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 1pt; font-size: 10pt;">Revenue</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; width: 58%; font-size: 10pt;">General and administrative expenses</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 10%; font-size: 10pt;">5,707,065</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 10%; font-size: 10pt;">6,835,360</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 10%; font-size: 10pt;">2,646,338</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Interest income</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">347</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">4,178</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">21,342</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Equity investment in subsidiaries</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">47,664,543</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">39,745,283</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">23,914,754</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">Net income</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">41,957,825</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">32,914,101</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">21,289,758</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap">Condensed Statements of Cash Flows</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="10" nowrap="nowrap">Year ended June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; width: 58%; font-size: 10pt;">Net cash provided by (used in) operating activities</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">(1,286,612</td>
<td style="text-align: left; width: 1%; font-size: 10pt;">)</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">(2,341,980</td>
<td style="text-align: left; width: 1%; font-size: 10pt;">)</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">(1,156,400</td>
<td style="text-align: left; width: 1%; font-size: 10pt;">)</td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Net cash provided by (used in) investing activities</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(6,720,539</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">86,457</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Net cash provided by financing activities</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">600,001</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">6,717,632</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">4,350,480</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Cash and cash equivalents, beginning balance</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">964,149</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">3,309,036</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">28,499</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">Cash and cash equivalents, ending balance</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">277,538</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">964,149</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">3,309,036</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b><i>Notes to Condensed Parent Company Financial Information</i></b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">As of June 30, 2012, 2011 and 2010, there were no material contingencies, significant provisions for long-term obligations, or guarantees of the Company, except as separately disclosed in the Consolidated Financial Statements, if any. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Principle of consolidation</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Green New Jersey, Jinong, Jintai, Yuxing, Gufeng and Tianjuyuan. All significant inter-company accounts and transactions have been eliminated in consolidation.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Use of estimates</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amount of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. However, actual results could differ materially from those results.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Cash and cash equivalents and concentration of cash</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">For statement of cash flows purposes, the Company considers all cash on hand and in banks, certificates of deposit with state owned banks in the Peoples Republic of China (“PRC”) and banks in the United States, and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents. The Company maintains large sums of cash in major banks in China. The aggregate cash in such accounts and on hand as of June 30, 2012 was $71,701,092. There is no insurance securing these deposits in China. In addition, the Company also had $280,445 in cash in two banks in the United States as of June 30, 2012, with $500,000 secured by the U.S. Federal Deposit Insurance Corporation. Cash overdraft as of balance sheet date will be reflected as liabilities in the balance sheet. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Accounts receivable</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company's policy is to maintain reserves for potential credit losses on accounts receivable. Management regularly reviews the composition of accounts receivable and analyzes customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves at each year-end. Accounts considered uncollectible are written off through a charge to the valuation allowance. As of June 30, 2012 and 2011, the Company had accounts receivable of $62,001,158 and $17,517,625, net of allowance for doubtful accounts of $679,268 and $337,801, respectively. The Company adopts no policy to accept product returns post to the sales delivery.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Inventories</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Inventory is valued at the lower of cost (determined on a weighted average basis) or market. Inventories consist of raw materials, work in process, finished goods and packaging materials. The Company reviews its inventories regularly for possible obsolete goods and establishes reserves when determined necessary. At June 30, 2012 and 2011, the Company had no reserve for obsolete goods.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Property, plant and equipment</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Property, plant and equipment are recorded at cost. Gains or losses on disposals are reflected as gain or loss in the year of disposal. The cost of improvements that extend the life of plant, property, and equipment are capitalized. These capitalized costs may include structural improvements, equipment, and fixtures. All ordinary repair and maintenance costs are expensed as incurred.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Depreciation for financial reporting purposes is provided using the straight-line method over the estimated useful lives of the assets:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 90%; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top;">
<td style="width: 80%;"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: center; width: 20%;">Estimated Useful Life</td>
</tr>
<tr style="vertical-align: top;">
<td>Building</td>
<td style="text-align: center;">10-25 years</td>
</tr>
<tr style="vertical-align: top;">
<td>Agricultural assets</td>
<td style="text-align: center;">8 years</td>
</tr>
<tr style="vertical-align: top;">
<td>Machinery and equipment</td>
<td style="text-align: center;">5-15 years</td>
</tr>
<tr style="vertical-align: top;">
<td>Vehicles</td>
<td style="text-align: center;">3-5 years</td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Construction in Progress</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Construction in progress represents the costs incurred in connection with the construction of buildings or new additions to the Company’s plant facilities. Costs classified to construction in progress include all costs of obtaining the asset and bringing it to the location and condition necessary for its intended use. No depreciation is provided for construction in progress until such time as the assets are completed and are placed into service. Interest incurred during construction is capitalized into construction in progress.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Long-Lived Assets</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. At June 30, 2012 and 2011, the Company determined that there were no impairments of its long-lived assets.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Intangible Assets</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company records intangible assets acquired individually or as part of a group at fair value. Intangible assets with definitive lives are amortized over the useful life of the intangible asset, which is the period over which the asset is expected to contribute directly or indirectly to the entity’s future cash flows. The Company evaluates intangible assets for impairment at least annually and more often whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. The Company has not recorded impairment of intangible assets as of June 30, 2012, 2011, and 2010, respectively.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Goodwill</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Goodwill represents the excess of purchase price over the underlying net assets of businesses acquired. Under accounting requirements, goodwill is not amortized but is subject to annual impairment tests. As of June 30, 2012, the Company performed the required impairment review which resulted in no impairment adjustment.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Summary of changes in goodwill by reporting segments is as follows:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 60%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Foreign</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Balance at</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Currency</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Balance at</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap">Entity</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30, 2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Adjustment</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30, 2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; width: 40%; padding-right: 0px; font-size: 10pt;">Gufeng</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 16%; font-size: 10pt;">4,957,245</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 16%; font-size: 10pt;">118,564</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 16%; font-size: 10pt;">5,075,809</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Fair Value Measurement and Disclosures</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Our accounting for Fair Value Measurement and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy which requires classification based on observable and unobservable inputs when measuring fair value. The fair value hierarchy distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs). The hierarchy consists of three levels:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Level one — Quoted market prices in active markets for identical assets or liabilities;</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Level two — Inputs other than level one inputs that are either directly or indirectly observable; and</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Level three — Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter. The Company had no assets and liabilities measured at fair value at June 30, 2012 and 2011.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The carrying values of cash and cash equivalents, trade and other receivables, trade and other payables approximate their fair values due to the short maturities of these instruments.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Revenue recognition</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Sales revenue is recognized on the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue. As of June 30, 2012 and 2011, the Company had unearned revenues of $2,625,014 and $11,059,313, respectively.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company's revenue consists of invoiced value of goods, net of a value-added tax (VAT). No product return or sales discount allowance are made as products delivered and accepted by customers are not returnable and sales discounts are not granted after products are delivered.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Stock-Based Compensation</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The costs of all employee stock options, as well as other equity-based compensation arrangements, are reflected in the consolidated financial statements based on the estimated fair value of the awards on the grant date. That cost is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). Stock compensation for stock granted to non-employees is determined as the fair value of the consideration received or the fair value of equity instruments issued, whichever is more reliably measured.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Income taxes</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company accounts for income taxes using an asset and liability approach which allows for the recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The evaluation of a tax position is a two-step process. The first step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigations based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the year incurred. No significant penalties or interest relating to income taxes have been incurred during the years ended June 30, 2012, 2011 and 2010. GAAP also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures and transition.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Foreign currency translation</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The reporting currency of the Company is the US dollar. The functional currency of the Company and Green New Jersey is the US dollar. The functional currency of the Chinese subsidiaries is the Chinese Yuan or Renminbi (“RMB”). For the subsidiaries whose functional currencies are other than the US dollar, all asset and liability accounts were translated at the exchange rate on the balance sheet date; stockholders’ equity is translated at the historical rates and items in the income statement and cash flow statements are translated at the average rate in each applicable period. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of shareholders’ equity. The resulting translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Segment reporting</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company utilizes the "management approach" model for segment reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">As of June 30, 2012, the Company, through its subsidiaries is engaged into four main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), Jintai (agricultural products production) and Yuxing (agricultural products production).</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Fair values of financial instruments</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company's financial instruments primarily consist of cash and cash equivalents, accounts receivable, other receivables, advances to suppliers, accounts payable, other payables, tax payable, and related party advances and borrowings.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheets. This is attributed to the short maturities of the instruments and that interest rates on the borrowings approximate those that would have been available for loans of similar remaining maturity and risk profile at respective balance sheet dates.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Statement of cash flows</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Company's cash flows from operations are calculated based on the local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash flows may not necessarily agree with changes in the corresponding balances on the balance sheets.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Earnings per share</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The components of basic and diluted earnings per share consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 90%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="10">For the Years Ended June 30,</td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 58%; padding-right: 0px; font-size: 10pt;">Net Income for Basic Earnings Per Share</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">41,957,825</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">32,914,101</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">21,289,758</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Basic Weighted Average Number of Shares</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">26,943,530</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">25,929,517</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">23,468,246</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net Income per Share – Basic</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.56</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.27</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.91</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net Income for Diluted Earnings Per Share</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">41,957,825</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">32,914,101</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">21,289,758</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Diluted Weighted Average Number of Shares</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td
style="text-align: right; font-size: 10pt;">26,943,530</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">25,929,517</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">23,468,246</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net Income per Share – Diluted</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.56</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.27</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.91</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><u>Recent accounting pronouncements</u></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">In May 2011, the FASB issued guidance to amend certain measurement and disclosure requirements related to fair value measurements to improve consistency with international reporting standards. This guidance is effective prospectively for public entities for interim and annual reporting periods beginning after December 15, 2011, with early adoption by public entities prohibited. The Company is currently evaluating this guidance, but does not expect its adoption will have a material effect on its consolidated financial statements.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">In June 2011, the FASB issued new guidance on the presentation of comprehensive income that will require a company to present components of net income and other comprehensive income in one continuous statement or in two separate, but consecutive statements. There are no changes to the components that are recognized in net income or other comprehensive income under current GAAP. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011, with early adoption permitted. The Company is currently evaluating this guidance, but does not expect its adoption will have a material effect on its consolidated financial statements.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">In September 2011, the FASB issued ASU 2011-08 which provides an entity the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step test for goodwill impairment.  If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required.  Otherwise, no further testing is required. The revised standard is effective for the Company for its annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011.  The Company is currently evaluating this guidance, but does not expect its adoption will have a material effect on its consolidated financial statements.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Depreciation for financial reporting purposes is provided using the straight-line method over the estimated useful lives of the assets:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 90%; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top;">
<td style="width: 80%;"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: center; width: 20%;">Estimated Useful Life</td>
</tr>
<tr style="vertical-align: top;">
<td>Building</td>
<td style="text-align: center;">10-25 years</td>
</tr>
<tr style="vertical-align: top;">
<td>Agricultural assets</td>
<td style="text-align: center;">8 years</td>
</tr>
<tr style="vertical-align: top;">
<td>Machinery and equipment</td>
<td style="text-align: center;">5-15 years</td>
</tr>
<tr style="vertical-align: top;">
<td>Vehicles</td>
<td style="text-align: center;">3-5 years</td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Summary of changes in goodwill by reporting segments is as follows:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 60%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Foreign</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Balance at</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Currency</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Balance at</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap">Entity</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30, 2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Adjustment</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30, 2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; width: 40%; padding-right: 0px; font-size: 10pt;">Gufeng</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 16%; font-size: 10pt;">4,957,245</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 16%; font-size: 10pt;">118,564</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 16%; font-size: 10pt;">5,075,809</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The components of basic and diluted earnings per share consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 90%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="10">For the Years Ended June 30,</td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 58%; padding-right: 0px; font-size: 10pt;">Net Income for Basic Earnings Per Share</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">41,957,825</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">32,914,101</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">21,289,758</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Basic Weighted Average Number of Shares</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">26,943,530</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">25,929,517</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">23,468,246</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net Income per Share – Basic</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.56</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.27</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.91</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net Income for Diluted Earnings Per Share</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">41,957,825</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">32,914,101</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">21,289,758</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Diluted Weighted Average Number of Shares</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">26,943,530</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">25,929,517</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">23,468,246</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Net Income per Share – Diluted</td>
<td
style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.56</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">1.27</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">0.91</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">These adjustments are summarized in the table presented below.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 60%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; font-style: italic; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" colspan="5">($ in millions)</td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; width: 86%; padding-right: 0px; font-size: 10pt;">Purchase Price</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">28.1</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Fair Value of Assets Acquired:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Cash and cash equivalents</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">2.3</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Inventories</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">18.0</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Other current assets</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">4.5</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Fixed assets</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">16.3</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Intangible assets</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">17.1</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total Assets Acquired</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">58.2</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td> </td>
<td style="text-align: left;"> </td>
<td style="text-align: right;"> </td>
<td style="text-align: left;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Fair Value of Liabilities Assumed:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Trade payables</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">9.6</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Short-term loans</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">4.0</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Deferred revenue</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">19.1</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Other current liabilities</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">2.1</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total Liabilities Assumed</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size:
10pt;">34.8</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td> </td>
<td style="text-align: left;"> </td>
<td style="text-align: right;"> </td>
<td style="text-align: left;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Goodwill (1)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">4.7</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">(1) The goodwill of $4.7 million is non-deductible for tax purposes in the United States.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The following table summarizes the preliminary fair value of amortizable and indefinite-lived intangible assets as of their respective acquisition dates:</p>
<p style="text-align: center; margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="9">Gufeng at July 2, 2010</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: justify; font-style: italic; font-size: 10pt;" nowrap="nowrap">($ in millions)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Fair Value</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Estimated useful life <br />(in years)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt; font-weight: bold;">Amortizable intangible assets:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0.12in; width: 72%; padding-right: 0px; font-size: 10pt;">Customer relationships</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">9.6</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 10%; font-size: 10pt;">10</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0.12in; padding-right: 0px; font-size: 10pt;">Proprietary technologies</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1.3</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">6</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0.12in; padding-right: 0px; font-size: 10pt;">Non-compete agreement</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">0.2</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">5</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt; font-weight: bold;">Indefinite-lived intangibles:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0.12in; padding-right: 0px; font-size: 10pt;">Trademarks</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">6</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">N/A</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right:
0px; font-size: 10pt;">Total intangible assets acquired</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">17.1</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Inventories consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 72%; padding-right: 0px; font-size: 10pt;">Raw materials</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">6,009,686</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">5,990,640</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Supplies and packing materials</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">565,559</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">530,644</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Work in progress</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">127,140</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">105,702</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Finished goods</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">21,900,299</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">17,105,418</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">28,602,684</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">23,732,404</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Other current assets consisted of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;" nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;"> </td>
<td> </td>
<td style="text-align: right;" colspan="2"> </td>
<td> </td>
<td> </td>
<td style="text-align: right;" colspan="2"> </td>
<td> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; width: 72%; padding-right: 0px;">Advancement</td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">299,526</td>
<td style="width: 1%;"> </td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">530,459</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;"> </td>
<td> </td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;">Prepaid insurance</td>
<td> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">-</td>
<td> </td>
<td> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; text-indent: 20pt;">6,667</td>
<td style="padding-bottom: 1.1pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;"> </td>
<td> </td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px;">Total</td>
<td> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">299,526</td>
<td> </td>
<td> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">537,126</td>
<td style="padding-bottom: 2.2pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Property, plant and equipment consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 72%; padding-right: 0px; font-size: 10pt;">Building and improvements</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">36,174,009</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">44,032,549</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Auto</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">835,412</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,491,849</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Machinery and equipment</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">63,280,923</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">37,570,652</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Agriculture assets</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">3,163,286</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,607,333</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total property, plant and equipment</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">103,453,630</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">84,702,383</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Less: accumulated depreciation</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">(23,388,469</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">(18,490,942</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">)</td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">80,065,161</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">66,211,441</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">Intangible assets consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 72%; padding-right: 0px; font-size: 10pt;">Land use rights, net</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">11,014,591</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">11,814,149</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Technology patent, net</td>
<td style="font: 10pt times new roman,times,serif;"> </td>
<td style="text-align: left; font: 10pt times new roman,times,serif;"> </td>
<td style="text-align: right; font: 10pt times new roman,times,serif;">1,902,131</td>
<td style="text-align: left; font: 10pt times new roman,times,serif;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,188,969</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Customer relationships, net</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">8,253,368</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">9,045,858</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Non-compete agreement, net</td>
<td style="font: 10pt times new roman,times,serif;"> </td>
<td style="text-align: left; font: 10pt times new roman,times,serif;"> </td>
<td style="text-align: right; font: 10pt times new roman,times,serif;">125,453</td>
<td style="text-align: left; font: 10pt times new roman,times,serif;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">163,363</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Trademarks</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">6,323,098</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">6,296,290</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">27,618,641</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">28,508,629</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The Land Use Rights consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 72%;">Land use rights</td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">12,912,125</td>
<td style="width: 1%;"> </td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">12,452,801</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;">Less: accumulated amortization</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(1,897,534</td>
<td style="padding-bottom: 1.1pt;">)</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(638,652</td>
<td style="padding-bottom: 1.1pt;">)</td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 3.3pt;">Total land use rights, net</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">11,014,591</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">11,814,149</td>
<td style="padding-bottom: 3.3pt;"> </td>
</tr>
</table>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The technology know-how consisted of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 72%;">Technology know-how</td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">2,387,891,</td>
<td style="width: 1%;"> </td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">2,332,113</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;">Less: accumulated amortization</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(485,760</td>
<td style="padding-bottom: 1.1pt;">)</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(1,143,144</td>
<td style="padding-bottom: 1.1pt;">)</td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 3.3pt;">Total technology know-how, net</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">1,902,131</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">1,188,969</td>
<td style="padding-bottom: 3.3pt;"> </td>
</tr>
</table>
<p style="text-align: justify; margin: 0pt 0px; font: 10pt times new roman, times, serif;">The preliminary fair value on the acquired customer relationships was estimated to be RMB 65,000,000 (or $9,715,268) and is amortized over the remaining useful life of ten years.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 72%;">Customer relationships</td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">10,296,000</td>
<td style="width: 1%;"> </td>
<td style="width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">10,096,418</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;">Less: accumulated amortization</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(2,042,632</td>
<td style="padding-bottom: 1.1pt;">)</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">(1,050,560)</td>
<td style="padding-bottom: 1.1pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 3.3pt;">Total customer relationships, net</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">8,253,368</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">9,045,858</td>
<td style="padding-bottom: 3.3pt;"> </td>
</tr>
</table>
<div><font size="2" style="font-family:times new roman,times">The preliminary fair value on the acquired non-compete agreement was estimated to be RMB 1,320,000 (or $197,295) and is amortized over the remaining useful life of five years using the straight line method.  </font></div>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font size="2" style="font-family:times new roman,times"> </font></p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td nowrap="nowrap"><font size="2" style="font-family:times new roman,times"> </font></td>
<td nowrap="nowrap"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="text-align: center;" colspan="2" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">June 30,</font></td>
<td nowrap="nowrap"><font size="2" style="font-family:times new roman,times"> </font></td>
<td nowrap="nowrap"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="text-align: center;" colspan="2" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">June 30,</font></td>
<td nowrap="nowrap"><font size="2" style="font-family:times new roman,times"> </font></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">2012</font></td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">2011</font></td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"><font size="2" style="font-family:times new roman,times"> </font></td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 72%;"><font size="2" style="font-family:times new roman,times">Non-compete agreement</font></td>
<td style="width: 2%;"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="width: 1%;"><font size="2" style="font-family:times new roman,times">$</font></td>
<td style="text-align: right; width: 10%;"><font size="2" style="font-family:times new roman,times">209,088</font></td>
<td style="width: 1%;"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="width: 2%;"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="width: 1%;"><font size="2" style="font-family:times new roman,times">$</font></td>
<td style="text-align: right; width: 10%;"><font size="2" style="font-family:times new roman,times">204,204</font></td>
<td style="width: 1%;"><font size="2" style="font-family:times new roman,times"> </font></td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;"><font size="2" style="font-family:times new roman,times">Less: accumulated amortization</font></td>
<td style="padding-bottom: 1.1pt;"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="border-bottom: black 1pt solid; text-align: right;"><font size="2" style="font-family:times new roman,times">(83,635</font></td>
<td style="padding-bottom: 1.1pt;"><font size="2" style="font-family:times new roman,times">)</font></td>
<td style="padding-bottom: 1.1pt;"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="border-bottom: black 1pt solid;"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="border-bottom: black 1pt solid; text-align: right;"><font size="2" style="font-family:times new roman,times">(40,841)</font></td>
<td style="padding-bottom: 1.1pt;"><font size="2" style="font-family:times new roman,times"> </font></td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 3.3pt;"><font size="2" style="font-family:times new roman,times">Total non-compete agreement, net</font></td>
<td style="padding-bottom: 3.3pt;"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="border-bottom: black 2.25pt double;"><font size="2" style="font-family:times new roman,times">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right;"><font size="2" style="font-family:times new roman,times">125,453</font></td>
<td style="padding-bottom: 3.3pt;"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="padding-bottom: 3.3pt;"><font size="2" style="font-family:times new roman,times"> </font></td>
<td style="border-bottom: black 2.25pt double;"><font size="2" style="font-family:times new roman,times">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right;"><font size="2" style="font-family:times new roman,times">163,363</font></td>
<td style="padding-bottom: 3.3pt;"><font size="2" style="font-family:times new roman,times"> </font></td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Estimated amortization expenses of intangible assets for the next five (5) years after June 30, 2012, are as follows:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 50%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" nowrap="nowrap">Year Ends</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">Expense ($)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 86%; font-size: 10pt;">June 30, 2013</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 10%; font-size: 10pt;">1,665,601</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2014</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,665,601</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2015</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,665,601</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2016</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,665,601</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="font-size: 10pt;">June 30, 2017</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,665,601</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Accrued expenses and other payables consist of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 70%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td nowrap="nowrap"> </td>
<td nowrap="nowrap"> </td>
<td style="text-align: center;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1.1pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="width: 72%;">Payroll payable</td>
<td style="text-align: right; width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;"> 127,149</td>
<td style="width: 1%;"> </td>
<td style="text-align: right; width: 2%;"> </td>
<td style="width: 1%;">$</td>
<td style="text-align: right; width: 10%;">248,686</td>
<td style="width: 1%;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify;">Welfare payable</td>
<td style="text-align: right;"> </td>
<td> </td>
<td style="text-align: right;"> 168,150</td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
<td style="text-align: right;">164,223</td>
<td> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify;">Accrued expenses</td>
<td style="text-align: right;"> </td>
<td> </td>
<td style="text-align: right;">2,827,028</td>
<td> </td>
<td style="text-align: right;"> </td>
<td> </td>
<td style="text-align: right;">1,666,753</td>
<td> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="padding-bottom: 1.1pt;">Other payable</td>
<td style="text-align: right; padding-bottom: 1.1pt;"> </td>
<td> </td>
<td style="text-align: right;">1,045,010</td>
<td style="padding-bottom: 1.1pt;"> </td>
<td style="text-align: right; padding-bottom: 1.1pt;"> </td>
<td> </td>
<td style="text-align: right;">1,202,691</td>
<td style="padding-bottom: 1.1pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 3.3pt;">Other levy payable</td>
<td style="text-align: right; padding-bottom: 3.3pt;"> </td>
<td> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">122,912</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="text-align: right; padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 1pt solid;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right;">-</td>
<td style="padding-bottom: 3.3pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 3.3pt;">Total</td>
<td style="text-align: right; padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">4,290,249</td>
<td style="padding-bottom: 3.3pt;"> </td>
<td style="text-align: right; padding-bottom: 3.3pt;"> </td>
<td style="border-bottom: black 2.25pt double;">$</td>
<td style="border-bottom: black 2.25pt double; text-align: right;">3,282,353</td>
<td style="padding-bottom: 3.3pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The provision for income taxes consists of the following:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 80%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; width: 58%; padding-right: 0px; font-size: 10pt;">Current tax - foreign</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">10,801,313</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">9,037,144</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">3,794,516</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Deferred tax</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: justify; padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">10,801,313</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">9,037,144</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">3,794,516</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Actual income tax benefit reported in the consolidated statements of income and comprehensive income differ from the amounts computed by applying the US statutory income tax rate of 34% to income before income taxes for the years ended June 30, 2012, 2011 and 2010 for the following reasons:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">FY2012</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="6">China</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="6">United States</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="6">15% - 25%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="6">34%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">Total</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; width: 40%; padding-right: 0px; font-size: 10pt;">Pretax income (loss)</td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 6%; font-size: 10pt;">58,465,856</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; width: 6%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 6%; font-size: 10pt;">(5,706,718</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;">)</td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; width: 6%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 6%; font-size: 10pt;">52,759,138</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; width: 6%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td
style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Expected income tax expense (benefit)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">13,189,785</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">22.6</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(1,940,284</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(34.0</td>
<td style="text-align: left; font-size: 10pt;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">11,249,501</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">High-tech income benefits on Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(4,439,873</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(7.6</td>
<td style="text-align: left; font-size: 10pt;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(4,439,873</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Losses from subsidiaries in which no benefit is recognized</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">2,051,401</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">3.5</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">2,051,401</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; text-indent: 0px; padding-left: 0.12in; padding-right: 0px; font-size: 10pt;">Change in valuation allowance on deferred tax asset from US tax benefit</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,940,284</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">34.0</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,940,284</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td
style="text-align: left; padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Actual tax expense</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">10,801,313</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">18.5</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">10,801,313</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">20.5</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0px;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font: 10pt times new roman,times,serif;">FY 2011</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="6">China</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="6">United States</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="6">15% - 25%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="6">34%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">Total</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; width: 40%; padding-right: 0px; font-size: 10pt;">Pretax income (loss)</td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 6%; font-size: 10pt;">48,782,427</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; width: 6%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td
style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 6%; font-size: 10pt;">(6,831,182</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;">)</td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; width: 6%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 6%; font-size: 10pt;">41,951,245</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; width: 6%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Expected income tax expense (benefit)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">12,195,607</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">25.0</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(2,322,602</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(34.0</td>
<td style="text-align: left; font-size: 10pt;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">9,873,005</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">High-tech income benefits on Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(3,416,976</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(7.0</td>
<td style="text-align: left; font-size: 10pt;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(3,416,976</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Losses from subsidiaries in which no benefit is recognized</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">258,513</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">0.5</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size:
10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">258,513</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; text-indent: 0px; padding-left: 0.12in; padding-right: 0px; font-size: 10pt;">Change in valuation allowance on deferred tax asset from US tax benefit</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">2,322,602</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">34.0</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">2,322,602</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Actual tax expense</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">9,037,144</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">18.5</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">9,037,144</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: center; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">21.5</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">%</td>
</tr>
</table>
<p style="margin: 0px;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font: 10pt times new roman,times,serif;">FY 2010</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="6">China</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="6">United States</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size:
10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="6">15% - 25%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="6">34%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2">Total</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; text-indent: 0px; padding-left: 0px; width: 40%; padding-right: 0px; font-size: 10pt;">Pretax income (loss)</td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 6%; font-size: 10pt;">27,755,696</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; width: 6%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 6%; font-size: 10pt;">(2,671,463</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;">)</td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; width: 6%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 6%; font-size: 10pt;">25,084,233</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; width: 6%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Expected income tax expense (benefit)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">4,163,354</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">15.0</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(908,297</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(34.0</td>
<td style="text-align: left; font-size: 10pt;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size:
10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">3,255,057</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Income tax benefit of nontaxable income on Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(396,034</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(1.4</td>
<td style="text-align: left; font-size: 10pt;">)%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">(396,034</td>
<td style="text-align: left; font-size: 10pt;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Income tax benefit of nontaxable income on Yuxing</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">27,196</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">0.1</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">27,196</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; text-indent: 0px; padding-left: 0.12in; padding-right: 0px; font-size: 10pt;">Change in valuation allowance on deferred tax asset from US tax benefit</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">908,297</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">34.0</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">908,297</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Actual tax expense</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">3,794,516</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">13.7</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td
style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">3,794,516</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">15.1</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">%</td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">Options outstanding as of June 30, 2012 and related weighted average price and intrinsic value are as follows:</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 80%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Weighted</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: right;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Average</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Number</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Exercise</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Aggregate</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">of Shares</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">Price</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">Intrinsic Value</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 58%; font-size: 10pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Outstanding, June 30, 2010</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 10%; font-size: 10pt; text-align: right;">195,291</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">14.67</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 10%; font-size: 10pt; text-align: right;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Granted</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Forfeited/Canceled</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(80,192</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">14.67</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 1pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Exercised</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align:
right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Outstanding, June 30, 2011</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">115,099</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">14.66</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Granted</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Forfeited/Canceled</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 1pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Exercised</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 2.5pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Outstanding, June 30, 2012</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">115,099</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">$</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: right;">14.66</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">$</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Exercisable, June 30, 2012</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">115,099</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">$</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: right;">14.66</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;">$</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">The following table summarizes the options outstanding and exercisable as of June 30, 2012:</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 80%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="14" nowrap="nowrap">Options Outstanding and Exercisable</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Weighted</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Weighted</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Average</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Number Outstanding</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Average</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Remaining</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Range of</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">and Exercisable as of</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Exercise</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">Contractual Life</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">Exercise Price</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">June 30, 2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">Price</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">(Years)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 22%; font-size: 10pt; text-align: right;">14.02-14.70</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 22%; font-size: 10pt; text-align: right;">115,099</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 21%; font-size: 10pt; text-align: right;">14.66</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 21%; font-size: 10pt; text-align: right;">2.50</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">The following tables present a summary of our businesses’ and operating segments’ results.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="10">For the Year Ended June 30,</td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Revenues from unaffiliated customers:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="width: 58%; font-size: 10pt; padding-left: 9.9pt;">Jinong</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">88,168,740</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">65,629,264</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">45,816,377</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-left: 9.9pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">121,480,943</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">107,081,018</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-left: 9.9pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">5,792,002</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">6,826,933</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">6,274,375</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 1pt; padding-left: 9.9pt;">Yuxing</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">2,082,520</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">180,750</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">217,524,205</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">179,717,966</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">52,090,752</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align:
left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Operating income :</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">43,636,915</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">34,051,094</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">25,160,683</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">18,211,687</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">15,288,871</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(1,863,529</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(96,343</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">2,640,016</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Yuxing</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(352,996</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(296,832</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(181,313</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Reconciling item (1)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Reconciling item (2)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(2,482,232</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(3,230,124</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(997,316</td>
<td style="font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Reconciling item (2)--stock compensation</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(3,224,835</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(3,605,235</td>
<td
style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(1,695,449</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">53,925,010</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">42,111,431</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">24,926,621</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Net income:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">37,363,672</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">29,139,457</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">21,502,252</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">12,335,102</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">10,995,984</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(1,863,235</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(96,244</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">2,640,233</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Yuxing</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(170,996</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(293,914</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(181,304</td>
<td style="font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Reconciling item (1)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">347</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">4,178</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">21,342</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom;
background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Reconciling item (2)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(5,707,065</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(6,835,360</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(2,692,765</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">41,957,825</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">32,914,101</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">21,289,758</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Depreciation and Amortization:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">2,347,530</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">2,686,524</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">2,299,483</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">2,878,037</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">2,711,483</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">128,563</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">124,139</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">119,973</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 1pt;">Yuxing</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">638,736</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">226,112</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black;
font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">178,661</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">5,992,866</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">5,748,258</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">2,598,117</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Interest expense:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">112,475</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">1,590,620</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">466,912</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Reconciling item (2)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">1,590,620</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">466,912</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">112,475</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt;
text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Capital Expenditure:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">7,935,098</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">6,492,775</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">4,243,089</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">8,229,092</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">3,291</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">180,686</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 1pt;">Yuxing</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">3,948,849</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">11,521,005</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">12,100,919</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">11,883,947</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">26,246,163</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">16,524,694</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Identifiable assets:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td
style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Jinong</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">221,575,406</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">111,956,641</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">103,519,520</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Gufeng</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">57,657,305</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">67,260,447</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">Jintai</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">6,670,058</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">14,001,793</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">12,198,845</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">Yuxing</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">1,851,745</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">24,354,406</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">12,748,003</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Reconciling item (1)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">280,445</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">969,963</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">3,311,943</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Reconciling item (2)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">(3,906</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">4,827,737</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">9,631</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Consolidated</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">288,031,053</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">223,370,987</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">131,787,942</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">(1) Reconciling amounts refer to the unallocated assets or expenses of Green New Jersey.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">(2) Reconciling amounts refer to the unallocated assets or expenses of the Parent Company.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0; text-align: justify;">Revenues generated from exported products were less than 1% of the Company’s total fertilizer revenues in fiscal 2010, prior to the Company’s acquisition of Gufeng.</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="text-align: center; font: 10pt times new roman, times, serif; margin-top: 0pt; margin-bottom: 0pt;">FY2012 Export Details</p>
<p style="text-align: center; font: 10pt times new roman, times, serif; margin-top: 0pt; margin-bottom: 0pt;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Export to</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Subsidiary</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Type</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">Amount ($)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 21%; font-size: 10pt; text-align: center; padding-bottom: 1pt;">India</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 21%; font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Gufeng</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 40%; font-size: 10pt; text-align: center; padding-bottom: 1pt;">40% humic acid organic/inorganic fertilizer</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 10%; font-size: 10pt; text-align: right;">31,330,724</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">India</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Liquid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">77,576</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">India</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Solid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">60,538</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Ghana</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Liquid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: right; border-bottom: 1pt solid black;">75,984</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: center; padding-bottom: 2.5pt;">Total</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 2.5pt; padding-left: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: left; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: right; border-bottom: 2.5pt double black;">31,544,822</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0; text-align: justify;"></p>
<div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: black 1pt solid;">
<table style="width: 100%; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td style="text-align: right; width: 100%;">F-21</td>
</tr>
</table>
</div>
<p style="text-align: center; font: 10pt times new roman, times, serif; margin-top: 0pt; margin-bottom: 0pt;">FY2011 Export Details</p>
<p style="margin: 0;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Export to</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Subsidiary</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;">Type</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2">Amount ($)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 21%; font-size: 10pt; padding-bottom: 1pt;">India</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width:
21%; font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Gufeng</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 40%; font-size: 10pt; text-align: center; padding-bottom: 1pt;">Blended Compound Fertilizer</td>
<td style="width: 2%; font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 10%; font-size: 10pt; text-align: right;">40,835,834</td>
<td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 1pt;">India</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Liquid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">42,581</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 1pt;">India</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Solid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">38,479</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 1pt;">Ecuador</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Liquid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">3,740</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 1pt;">Surinam</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt;">Jinong</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 1pt;">Liquid Fertilizer</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;"> </td>
<td style="font-size: 10pt; text-align: right; border-bottom: 1pt solid black;">1,159</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-bottom: 2.5pt;">Total</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 2.5pt; padding-left: 10pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: center; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: left; padding-bottom: 2.5pt;"> </td>
<td style="font-size: 10pt; text-align: right; border-bottom: 2.5pt double black;">40,921,793</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">Rent expenses for the next five years ended June 30, are as follows:</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 60%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;">Years ending:</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 86%; font-size: 10pt;">June 30, 2013</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">66,794</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">June 30, 2014</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">61,691</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">June 30, 2015</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">15,419</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt;">June 30, 2016</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">15,419</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt;">June 30, 2017</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">15,419</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<table style="width: 95%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"></td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="14" nowrap="nowrap">Quarterly Periods Ended</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">September 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">December 31,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">March 31,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 44%; font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Net Revenue</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">53,102,594</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">47,093,997</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">60,016,344</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">57,311,270</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Gross Profit</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">18,908,732</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">16,389,485</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">22,475,339</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">21,501,677</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Income from operation</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">13,279,563</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">10,195,755</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">15,862,008</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">14,587,684</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Other income (expense)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">(84,416</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">(220,662</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">(521,093</td>
<td
style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">(339,701</td>
<td style="font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Net income</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">10,731,636</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">7,743,878</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">12,374,361</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">11,107,950</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Earnings per shares - basic</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.40</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.29</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.46</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.41</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Earnings per shares - diluted</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.40</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.29</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.46</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.41</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 95%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="14" nowrap="nowrap">Quarterly Periods Ended</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">September 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">December 31,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">March 31,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 44%; font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Net Revenue</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">39,482,921</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">35,311,738</td>
<td style="width: 1%; font-size:
10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">44,653,284</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">60,270,023</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Gross Profit</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">13,139,327</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">12,332,826</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">17,039,509</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">21,108,373</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Income from operation</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">9,625,155</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">7,872,756</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">12,124,854</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">12,488,666</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Other income (expense)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">(123,627</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">(27,843</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">(140,650</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">131,934</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Net income</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">7,787,785</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">6,229,492</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">9,472,745</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">9,424,079</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Earnings per shares - basic</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.30</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.24</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.37</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.36</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Earnings  per shares - diluted</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.30</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.24</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.35</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;">$</td>
<td style="font-size: 10pt; text-align: right;">0.38</td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 90%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap">Condensed Balance Sheets</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="6" nowrap="nowrap">As of June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="font-size: 10pt;">ASSETS</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Current Assets:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; width: 72%; font-size: 10pt;">Cash and cash equivalents</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">277,538</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 10%; font-size: 10pt;">964,149</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Other current assets</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,908</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">8,575</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Total Current Assets</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">279,446</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">972,724</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Long-term equity investment</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">243,711,250</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">192,634,559</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Total long term assets</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">243,711,250</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">192,634,559</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left;
padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">Total Assets</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">243,990,696</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">193,607,283</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">LIABILITIES AND STOCKHOLDERS' EQUITY</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Current Liabilities:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Accounts payable</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">64,520</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;">$</td>
<td style="text-align: right; font-size: 10pt;">64,520</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Amount due to related parties</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">38,343</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">38,343</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Other payables and accrued expenses</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,631,179</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,631,179</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Total Current Liabilities</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,734,042</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,734,042</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Stockholders' Equity</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Common stock,
$.001 par value, 115,197,165 shares authorized, 27,455,722 and 26,845,860, shares issued and outstanding as of June 30, 2012 and 2011, respectively</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">27,456</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">26,846</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Additional paid in capital</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">102,175,709</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">98,627,482</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; font-size: 10pt;">Accumulated other comprehensive income</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">15,780,507</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">10,903,756</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Retained earnings</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">124,272,982</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">82,315,157</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">Total Stockholders' Equity</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">242,256,654</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">191,873,241</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;">Total Liabilities and Stockholders' Equity</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">243,990,696</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">193,607,283</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap">Condensed Statements of Operations</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="10" nowrap="nowrap">Year ended June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; padding-bottom: 1pt;">Revenue</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">-</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="width: 58%; font-size: 10pt; text-align: left;">General and administrative expenses</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 10%; font-size: 10pt; text-align: right;">5,707,065</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 10%; font-size: 10pt; text-align: right;">6,835,360</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 10%; font-size: 10pt; text-align: right;">2,646,338</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left;">Interest income</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">347</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">4,178</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">21,342</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Equity investment in subsidiaries</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">47,664,543</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">39,745,283</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">23,914,754</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 2.5pt;">Net income</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">41,957,825</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">32,914,101</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">21,289,758</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"></td>
</tr>
</table>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap">Condensed Statements of Cash Flows</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="10" nowrap="nowrap">Year ended June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2010</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 58%; font-size: 10pt; text-align: left;">Net cash provided by (used in) operating activities</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">(1,286,612</td>
<td style="width: 1%; font-size: 10pt; text-align: left;">)</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">(2,341,980</td>
<td style="width: 1%; font-size: 10pt; text-align: left;">)</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">(1,156,400</td>
<td style="width: 1%; font-size: 10pt; text-align: left;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left;">Net cash provided by (used in) investing activities</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">-</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">(6,720,539</td>
<td style="font-size: 10pt; text-align: left;">)</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">86,457</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Net cash provided by financing activities</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">600,001</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">6,717,632</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">4,350,480</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 1pt;">Cash and cash equivalents, beginning balance</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">964,149</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">3,309,036</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">28,499</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: left; padding-bottom: 2.5pt;">Cash and cash equivalents, ending balance</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">277,538</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">964,149</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">3,309,036</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
</tr>
</table>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The loans are collateralized by the Company’s land use rights.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 100%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="text-align: center; font-size: 10pt; font-weight: bold;" colspan="2" nowrap="nowrap">Interest</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="6" nowrap="nowrap">June 30,</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2" nowrap="nowrap">No.</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" nowrap="nowrap">Payee</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" nowrap="nowrap">Loan period per agreement</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2" nowrap="nowrap">Rate</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;" nowrap="nowrap"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: center; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: center; width: 5%; font-size: 10pt;">1</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; width: 30%; font-size: 10pt;">Agriculture Bank of China-Beijing Branch</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; width: 30%; font-size: 10pt;">January 11, 2012 - January 10, 2013</td>
<td style="width: 1%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="text-align: right; width: 5%; font-size: 10pt;">6.89</td>
<td style="text-align: left; width: 1%; font-size: 10pt;">%</td>
<td style="width: 1%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 8%; font-size: 10pt;">1,330,560</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt;"> </td>
<td style="text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="text-align: right; width: 8%; font-size: 10pt;">1,299,480</td>
<td style="text-align: left; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">2</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">Agriculture Bank of China-Beijing Branch</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">March 23, 2012 -  March 22, 2013</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">8.2</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,267,200</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,237,600</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">3</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">Agriculture Bank of China-Beijing Branch</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">April 23, 2012 - April 22, 2013</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">7.26</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,599,840</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,562,470</td>
<td style="text-align: left; font-size:
10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">4</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">Bank of Tianjin</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">September 9, 2011 - July 23, 2012</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">7.54</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,813,680</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">5</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">Minsheng Bank</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">September 8, 2011 - September 8, 2012</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">8.2</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">1,814,372</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">6</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">Minsheng Bank</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">September 19, 2011 - September 19, 2012</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">8.2</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">561,628</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: center; font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;">7</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; padding-left: 5.4pt; font-size: 10pt;">China Merchant Bank</td>
<td style="font-size: 10pt;"> </td>
<td style="padding-left: 5.4pt; font-size: 10pt;">July 25, 2011 - July 26, 2012</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">8.53</td>
<td style="text-align: left; font-size: 10pt;">%</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">3,960,000</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: center; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: center; padding-bottom: 1pt; font-size: 10pt;">8</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;">Industrial and Commercial Bank of China</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; padding-left: 5.4pt; font-size: 10pt;">October 17, 2011 - October 17,2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="text-align: right; padding-bottom: 1pt; font-size: 10pt;">8.87</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">%</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">1,584,000</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: center; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: center; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; padding-left: 5.4pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size:
10pt;"> </td>
<td style="text-align: right; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">13,931,280</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">4,099,550</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
25 Years
10 Years
8 years
P15Y
P5Y
5 years
3 years
118564
337801
679268
500000
71701092
280445
28100000
2300000
18000000
4500000
16300000
17100000
9600000
1300000
200000
6000000
58200000
9600000
4000000
19100000
2100000
34800000
4700000
P10Y
P6Y
P5Y
900000
910373
341390
227593
341390
8800000
1400000
341390
227593
341390
11600000
107081108
2900000
341390
7719963
10000000
200000
5990640
6009686
530644
565559
105702
127140
17105418
21900299
530459
299526
6667
0
537126
299526
44032549
36174009
1491849
835412
37570652
63280923
1607333
3163286
84702383
103453630
18490942
23388469
2310596
4161068
4429960
8 Years
8 Years
8 Years
2332113
204204
10096418
12452801
2387891
209088
10296000
12912125
-1143144
-40841
1050560
-638652
-485760
-83635
-2042632
-1897534
1188969
163363
9045858
11814149
1902131
125453
8253368
11014591
1665601
1665601
1665601
1665601
1665601
11 Acres
88 Acres
42,726 square meters
353,000 square meters
459898
3800000
1105150
7285099
891248
5875068
158670
1045950
11102149
73184895
1375084
9200000
9715268
65000000
197295
1320000
6083252
40700000
50 Years
10 Years
50 Years
50 Years
6 Years
10 Years
5 Years
248686
127149
164223
168150
1666753
2827028
1202691
1045010
0
122912
437
2958
954
6460
768
5200
20494
1596
10800
54869
33612
3856
24480
612 Square Meters
6588 Square Feet
P50Y
P10Y
P2Y
P2Y
458000
3030000
183200
1212000
The short-term loans payable consist of eight loans which mature on dates ranging from July 23, 2012 through April 22, 2013
0.0689
0.0887
112475
466912
1590620
2012-04-23
2011-09-19
2011-07-25
2011-09-09
2012-01-11
2012-03-23
2011-10-17
2011-09-08
2013-04-22
2012-09-19
2012-07-26
2012-07-23
2013-01-10
2013-03-22
2012-10-17
2012-09-08
0.0726
0.082
0.0853
0.0754
0.0689
0.082
0.0887
0.082
40495
68180
6593876
17274817
370494
332392
3794516
9037144
10801313
0
0
0
3255057
4163354
-908297
9873005
12195607
-2322602
11249501
13189785
-1940284
-3416976
-3416976
0
-4439873
-4439873
0
258513
258513
0
2051401
2051401
0
908297
0
908297
2322602
0
2322602
1940284
0
1940284
0.150
-0.340
0.250
-0.340
0.226
-0.340
-0.070
0.00
-0.076
0.00
0.005
0.00
0.035
0.00
0.340
0.340
0.340
0.151
0.137
0.00
0.215
0.185
0.00
0.205
0.185
0.00
0.25
0.15
0.34
0.25
0.15
0.34
0.25
0.15
0.34
27196
0
-396034
0
-396034
27196
0.00
-0.014
0.00
0.001
0.25
0.33
0.50
0.15
0.151
0.215
0.205
0.25
0.13
0.34
63158
300001
4.75
0.40
96000
8000
44000
44000
445000
5704
24000
195291
115099
115099
0
0
-80192
0
115099
14.67
14.66
14.66
0.00
14.67
14.66
0
0
0
14.02
14.70
115099
14.66
P2Y6M
0.124
0.115
0.119
0.101
0
11275026
216842
1389368
2598117
178661
2299483
119973
0
5748258
226112
2686524
124139
2711483
5992866
638736
2347530
128563
2878037
16524694
12100919
4243089
180686
0
26246163
11521005
6492775
3291
8229092
11883947
3948849
7935098
0
0
40921793
40835834
42581
3740
38479
1159
31544822
77576
60538
31330724
75984
0.22
0.15
66794
61691
15419
15419
15419
2010-09-30
2010-07-01
2012-06-29
964149
277538
8575
1908
972724
279446
192634559
243711250
192634559
243711250
193607283
243990696
64520
64520
38343
38343
1631179
1631179
1734042
1734042
26846
27456
98627482
102175709
10903756
15780507
82315157
124272982
191873241
242256654
193607283
243990696
21342
4178
347
23914754
39745283
47664543
21289758
32914101
41957825
229383600
0.25
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;"><u>Reclassification</u></font></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;"> </font></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><font style="background-color: white;">Certain reclassifications have been made to the prior year consolidated financial statements to conform to the 2012 consolidated financial statement presentation. Such reclassifications did not affect total revenues, operating income or net income or cash flows as previously reported.</font></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The components of deferred income tax assets and liabilities as of June 30, 2012 and 2011 are as follows:</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<table style="width: 80%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="border-bottom: black 1pt solid; text-align: center; font-size: 10pt;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: center; font-size: 10pt;" colspan="2"> </td>
<td style="font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Deferred tax assets:</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; text-indent: 0px; padding-left: 0.24in; width: 72%; padding-right: 0px; font-size: 10pt;">Net operating loss</td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 10%; font-size: 10pt;">5,171,183</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
<td style="padding-bottom: 1pt; width: 2%; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; width: 1%; font-size: 10pt;">$</td>
<td style="border-bottom: black 1pt solid; text-align: right; width: 10%; font-size: 10pt;">3,230,899</td>
<td style="text-align: left; padding-bottom: 1pt; width: 1%; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="text-align: left; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;">Total deferred tax assets</td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">5,171,183</td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="text-align: left; font-size: 10pt;"> </td>
<td style="text-align: right; font-size: 10pt;">3,230,899</td>
<td style="text-align: left; font-size: 10pt;"> </td>
</tr>
<tr style="background-color: white; vertical-align: bottom;">
<td style="text-align: left; padding-bottom: 1pt; text-indent: 0px; padding-left: 0.24in; padding-right: 0px; font-size: 10pt;">Less valuation allowance</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">(5,171,183</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">)</td>
<td style="padding-bottom: 1pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: left; font-size: 10pt;"> </td>
<td style="border-bottom: black 1pt solid; text-align: right; font-size: 10pt;">(3,230,899</td>
<td style="text-align: left; padding-bottom: 1pt; font-size: 10pt;">)</td>
</tr>
<tr style="background-color: #ccffcc; vertical-align: bottom;">
<td style="padding-bottom: 2.5pt; text-indent: 0px; padding-left: 0px; padding-right: 0px; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="padding-bottom: 2.5pt; font-size: 10pt;"> </td>
<td style="border-bottom: black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
<td style="border-bottom: black 2.5pt double; text-align: right; font-size: 10pt;">-</td>
<td style="text-align: left; padding-bottom: 2.5pt; font-size: 10pt;"> </td>
</tr>
</table>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;">Taxes payable consist of the following:</p>
<p style="font: 10pt times new roman, times, serif; margin: 0pt 0;"> </p>
<table style="width: 60%; border-collapse: collapse; font: 10pt times new roman,times,serif;" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center;" colspan="2" nowrap="nowrap">June 30,</td>
<td style="font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-size: 10pt; padding-right: 0px; padding-left: 0px; text-indent: 0px;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2012</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;" nowrap="nowrap"> </td>
<td style="font-size: 10pt; text-align: center; border-bottom: 1pt solid black;" colspan="2" nowrap="nowrap">2011</td>
<td style="padding-bottom: 1pt; font-size: 10pt;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="width: 72%; font-size: 10pt; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;">VAT provision (credit)</td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">68,180</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
<td style="width: 2%; font-size: 10pt;"> </td>
<td style="width: 1%; font-size: 10pt; text-align: left;">$</td>
<td style="width: 10%; font-size: 10pt; text-align: right;">40,495</td>
<td style="width: 1%; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Income tax payable</td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">17,274,817</td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt;"> </td>
<td style="font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; text-align: right;">6,593,876</td>
<td style="font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #ccffcc;">
<td style="font-size: 10pt; text-align: justify; padding-bottom: 1pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Other levies</td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">332,392</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 1pt;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: left;"> </td>
<td style="border-bottom: 1pt solid black; font-size: 10pt; text-align: right;">370,494</td>
<td style="padding-bottom: 1pt; font-size: 10pt; text-align: left;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="font-size: 10pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;">Total</td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">17,675,389</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"> </td>
<td style="font-size: 10pt; padding-bottom: 2.5pt;"> </td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: left;">$</td>
<td style="border-bottom: 2.5pt double black; font-size: 10pt; text-align: right;">7,004,865</td>
<td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left;"></td>
</tr>
</table>
Additionally, the Company may be required to deliver up to an additional 0.9 million shares of common stock, which are being held in escrow (the "Escrowed Shares"), to be released based upon achievement of following conditions:
1) If Gufeng achieved certain sales revenue targets for its fiscal year ending June 30, 2011 (the "Sales Target"), 341,390 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders, which is subject to adjustment based on a three-tier system. If Gufeng achieved at least 80% of the Sales Target, then 227,593 of the Escrowed Shares would be released from escrow to the Gufeng Shareholder, and if Gufeng achieves at least 60% of the Sales Target, then 113,797 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders. Gufeng had revenues of $107,081,108 for the year ended June 30, 2011, which met the Sales Target; therefore, 341,390 shares are to be released from escrow.
2) If Gufeng achieved certain net profit after tax targets for its fiscal year ending June 30, 2011 (the "Profit Target"), 341,390 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders, which is subject to adjustment based on a three-tier system. If Gufeng achieved at least 80% of the Profit Target, then 227,593 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders, and if Gufeng achieved at least 60% of the Profit Target, then 113,797 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders. Gufeng met the Profit Target for the year ended June 30, 2011; therefore, 341,390 shares are to be released from escrow.
3) If Gufeng obtained a land use right with respect to certain real property located in China, along with ownership of the buildings thereon, then 227,593 of the Escrowed Shares would be released from escrow to the Gufeng Shareholders. As of June 30, 2011, Gufent had obtained the land use rights per the agreement; therefore, 227,593 shares are to be released from escrow.
1000000
3230899
5171183
3230899
5171183
3230899
5171183
0
0
21289758
32914101
41957825
900070
31599412
31509757
0.1760
0.145
Reconciling amounts refer to the unallocated assets or expenses of the Parent Company.
Reconciling amounts refer to the unallocated assets or expenses of Green New Jersey.
The goodwill of $4.7 million is non-deductible for tax purposes in the United States.
00008579492012-09-10
27455721
00008579492011-12-30
47940291
0.01
1562906
1587190
287521
555000
0
0000857949cga:BeijingGufengChemicalProductsCoLtdMember2010-07-012011-06-30
0
0
0
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