BEIJING--(Marketwire - September 3, 2010) - Agria Corporation (
Since disposing of P3A in July 2010, Agria's business operations in China are focused on creating a profitable seed business. This business comprises three business units: research and development, production and marketing. Agria has recruited managers with many years of experience in both domestic and international seed companies to lead each of these business units. Each of these business unit leaders reports directly to the CEO. As a result, the position of Chief Operating Officer has now become redundant. Accordingly, Agria has accepted the resignation of Mr. Zhao Yue from his position of Chief Operating Officer and currently does not intend to seek a replacement for the position.
About Agria Corporation
Agria Corporation (
Safe Harbor Statement:
This announcement contains forward-looking statements. These statements 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.
Contact Information:
Contacts:
In China:
John Layburn
Chief Strategy and Compliance Officer
China Tel: 86-10-8438 1031
john.layburn@agriacorp.com
In the U.S.:
David Pasquale
Senior Vice President
U.S. Tel: +914-337-1117
david.pasquale@agriacorp.com