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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.