SOURCE: Agria Corporation

Agria Corporation

May 15, 2015 08:30 ET

Agria Establishes Partnership Platform With Lincoln University

Partnership Aligns With Agria's Strategy to Develop Comprehensive Farm Management and Animal Nutrition Solutions in China

BEIJING, CHINA--(Marketwired - May 15, 2015) - Agria Corporation (NYSE: GRO) (the "Company" or "Agria") today announced that it has established a partnership platform with Lincoln University in New Zealand (the "Agria-Lincoln Partnership Platform") for the purpose of collaboration in research and innovation, development, training and education between the two parties.

Established in 1878, New Zealand-based Lincoln University is a specialist land-based university focused on teaching, research and technological innovations in agriculture and life sciences providing the foundation of knowledge for land-based, sustainable production.

The initial focus of cooperation of the Agria-Lincoln Partnership Platform will be the promotion of research and development and commercialization of New Zealand's sustainable agriculture industry, as well as the promotion of educational exchange between China and New Zealand. Accordingly, the cooperation is expected to include, among other things: research, development and innovation activities between the parties; education certification at the Masters and PhD levels, including structured PhD programs; vocational and technical training courses (e.g., farm management and sustainable agriculture management and practices); and consultancy services and industrial support. The Agria-Lincoln Partnership Platform will be effective for 10 years, at which time it will be subject to review by both parties.

Mr. Alan Lai, Agria's Executive Chairman, commented, "We are pleased to announce the establishment of the Agria-Lincoln Partnership Platform with Lincoln University, one of the preeminent agriculture and life sciences universities in New Zealand. This partnership platform aligns with Agria's broader plan to develop comprehensive, technology-driven farm management and animal nutrition and feeding services in China. In the last five years, China has invested billions of dollars into building the infrastructure for commercial dairy farming; however, inefficient quality and management of feed contribute to exceptionally high production costs with low productivity in China. Addressing this requires a shift to a systems approach in order to enable increased yield and reduced environmental impact, which Lincoln University and this partnership platform seek to achieve. By partnering with advanced institutions such as Lincoln University, we are developing an eco-system that represents a significant opportunity for Agria and its partners going forward."

Lincoln University's Vice-Chancellor, Dr. Andrew West, added, "New Zealand is a world leader in pastoral agriculture and China is rapidly becoming a large market for New Zealand exports both in terms of primary products and agriculture services and technologies. We believe that through our partnership platform with Agria, the campus at Lincoln University can become a flagship for collaboration in applied commercial agriculture research and development between China and New Zealand."

About Agria Corporation
Agria (NYSE: GRO) is a global agricultural company with three principal business segments: Seed and Grain; Crop Protection, Nutrients and Merchandise; and Rural Services. The Seed and Grain segment is engaged in research and development, production and sale of a broad range of seed products and trading of seed and grain products globally. The Crop Protection, Nutrients and Merchandise segment operates an extensive chain of retail stores that supply farm input materials. The Rural Services segment provides livestock trading, wool trading, irrigation and pumping, real estate agency and other agriservices. For more information about Agria Corporation, please visit www.agriacorp.com.

Safe Harbor Statement:
This announcement contains forward-looking statements. These statements, including the management's commentary, are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Agria may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Agria's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, those risks outlined in Agria's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this announcement unless otherwise stated and Agria does not undertake any obligation to update any forward-looking statement, except as required under applicable law.