Current Report Filing (8-k)
April 18 2017 - 5:02PM
Edgar (US Regulatory)
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 18, 2017
CHINA GREEN AGRICULTURE,
INC.
(Exact name of Registrant as specified in charter)
Nevada
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001-34260
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36-3526027
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(State or other jurisdiction
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(Commission File No.)
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(IRS Employer
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of Incorporation)
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Identification No.)
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3rd floor, Borough A, Block A. No. 181, South
Taibai Road,
Xi’an, Shaanxi province, PRC 710065
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area
code: (+86) 29-88231591
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17CFR230.425)
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Soliciting material pursuant to Rule14a-12 under the Exchange Act (17CFR240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))
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Indicate by check
mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
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If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(a) Effective April 18, 2017, Yiru Shi
resigned as a director of China Green Agriculture, Inc. (the “Company”). Ms. Shi’s resignation from the Board
of Directors of the Company did not result from any disagreement with the Company.
(d) On April 15, 2017, the Board of Directors,
upon the recommendation of its Nominating Committee, appointed Daqing Zhu to serve on the Board. Mr. Zhu will also serve on the
Audit Committee, Nominating Committee and Compensation Committee of the Board.
Mr. Zhu, aged 52, has served as the president
of Shaanxi Aisuo Consulting Co. Ltd., a company specializing in providing professional management and finance services, since 2014.
In 2004, Mr. Zhu founded Shaanxi Xintianyou Auto Dealership Co. Ltd, a dealership of auto sales and services for various brands,
including BYD Auto, and had served as its CEO and Chairman of the Board until 2014. In addition to founding and developing commercial
businesses, Mr. Zhu had also worked in the public sector since the 1990s. His public administration experience includes working
at various agencies and offices of the Shaanxi provincial government from 1990 to 2004. Earlier in his career, in the 1980's, Mr.
Zhu was a corporate banking officer at Industrial and Commercial Bank of China in Xi'an. As the corporate leader with responsibility
for all aspects of business management, Mr. Zhu has executive level experience in financial management, internal control, marketing
to individuals and small businesses, sales, customer care, operations, product management, electronic commerce, financial services,
executive compensation, strategic planning, technology, and mergers and acquisitions.
The Board has determined that Mr. Zhu
meets the independence standards adopted by the Board in compliance with the New York Stock Exchange corporate governance listing
standards and Item 407(a) of Regulation S-K.
Mr. Zhu has (i) no arrangements
or understandings with any other person pursuant to which he was appointed as a director, and (ii) no family relationship
with any director or executive officer of the Company or any person nominated or chosen by the Company to become a director or
executive officer.
Mr. Zhu has had (i) no direct or indirect
material interest in any transaction or series of similar transactions contemplated by Item 404(a) of Regulation S-K and,
(ii) as of the date of this Current Report on Form 8-K, Mr. Zhu holds no direct or indirect beneficial ownership in the Company’s
stock or rights to acquire the Company’s stock.
Mr. Zhu will receive the standard compensation
paid by the Company to all of its non-employee directors, pro-rated to reflect the actual time Mr. Zhu will serve on the Company’s
Board this year. In connection with his appointment, Mr. Zhu will enter into a standard indemnification agreement with the Company
in the form previously approved by the Board, which is attached as Exhibit 3.1 to the Company’s Current Report on Form 10-QSB
filed with the SEC on November 9, 2007 and is incorporated by reference herein.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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CHINA
GREEN AGRICULTURE, INC.
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By:
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/s/ Tao
Li
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Name:
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Tao
Li
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Title:
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Chief
Executive Officer
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Date:
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April
18, 2017
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3
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