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Enlightify Inc. Prospectus 2008

Oct 24, 2008

35110_prs_2008-10-24_032590f7-4e6d-4a51-8c77-3f4f3859c4fa.zip

Prospectus

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424B3 1 v129654_424b3.htm Unassociated Document Licensed to: VF Document Created using EDGARizer HTML 3.0.4.0 Copyright 2006 EDGARfilings, Ltd., an IEC company. All rights reserved EDGARfilings.com

PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED AUGUST 6, 2008

As filed pursuant to Rule 424(B) under the Securities Act of 1933

Registration No. 333-149135

CHINA GREEN AGRICULTURE, INC.

3 rd Floor, Borough A, Block A. No.181

South Taibai Road, Xi’an, Shaanxi Province

People’s Republic of China 710065

Tel: +86-29-88266368

6,425,003 Shares of Common Stock

Offered by Selling Stockholders

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

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

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

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

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

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

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2008 AND 2007

(UNAUDITED)

Nine Months Ended March 31 — 2008 2007 2008 2007
Net
sales $ 15,382,089 $ 9,070,972 $ 4,434,926 $ 2,198,615
Cost
of goods sold 6,377,066 3,687,416 1,982,084 1,003,035
Gross
profit 9,005,023 5,383,555 2,452,841 1,195,580
Operating
expenses
Selling
expenses 614,646 400,108 142,808 27,428
Operating
and administrative expenses 1,430,762 463,482 256,800 184,130
Total
operating expenses 2,045,408 863,590 399,608 211,558
Income
from operations 6,959,615 4,519,965 2,053,233 984,022
Other
income (expense)
Other
income(expense) 39,647 (1,457 ) 655 1,514
Interest
income 27,224 20,559 11,697 122
Interest
expense (284,361 ) (270,551 ) (86,761 ) (90,190 )
Bank
charges (6,442 ) (425 ) (4,939 ) (63 )
Total
other income (expense) (223,933 ) (251,875 ) (79,348 ) (88,618 )
Income
before income taxes 6,735,682 4,268,090 1,973,886 895,405
Provision
for income taxes 301,841 266,006 301,841 -
Net
income 6,433,842 4,002,084 1,672,045 895,405
Other
comprehensive income
Foreign
currency translation gain 1,511,242 20,041 957,245 9,465
Comprehensive
income $ 7,945,084 $ 4,022,125 $ 2,629,290 $ 904,869
Basic
and diluted weighted average shares outstanding 13,482,590 10,770,669 18,314,017 10,770,669
Basic
and diluted net earnings per share* $ 0.48 $ 0.37 $ 0.09 $ 0.08

*Basic and diluted shares are the same because there is no anti dilutive effect.