China Organic Agriculture, Inc. (OTCBB:CNOA), a growth-driven agricultural and products company leading China’s organic foods revolution, today announced that Changqing Xu, has been appointed as the new Chief Executive Officer of China Organic Agriculture on December 6th. The Company has been under the oversight of Huizhi Xiao, Chairman for the last several months. New CEO Changqing Xu will add to the already strong leadership of the Company. Mr. Xu, MBA has 15 years of experience in management, and 5 years of senior level management overseas. Mr. Xu held positions such as CEO, COO, market manager and supervisor specializing in asset and resource restructuring as well as overseas expansion.
“We are very happy to announce the appointment of our new CEO, Mr. Xu. His extensive experience will only help us realize our goals. With his admirable leadership and guidance, we will be able to pursue more green food corporations as well as other acquisitions that will be beneficial for our Company and its shareholders,” said Chairman, Huizhi Xiao.
“We feel that this process will enable our Company to see even great growth in 2008 and beyond. We will expand our distribution channels as well as diversify our operations,” added Changqing Xu, the new CEO of China Organic.
About Changqing Xu, CEO
August 2002 to present: CEO of Hubei Tianjian Limited. Xu was in charge of the Company’s investment plans and policies as well as management and market expansion. During this time, he signed contracts for one of Tianjin’s subsidiary with local agricultural universities to improve rice grain quality and increased grain production as well as their quality; he also signed exclusive retail agreements in the Hubei and Hunan area as well.
1997-2002: COO of Shanghai Huaying Investments Limited. He was mainly in charge of market planning, internal control, financing, and asset restructuring. During this time, he successfully acquired Xiamen Dragonboat Group and has also completed other mergers and acquisitions.
1992-1997: Market manager and Managing Director of Shenzhen Fuxing Printing Company Limited. Imported production in from the US and increased production by 80%. He was also in charge of sales and promotions of the product and has expanded sales from Guangdong to nationwide. During this time he has also signed exclusive contracts with various vendors and retailers.
About China Organic Agriculture
China Organic Agriculture is among the largest producers of organic rice in China. CNOA controls all aspects of the process from seeds to planting and processing, R&D and sales. The Company also has an extensive sales network, located in the major cities in China.
CNOA has experienced significant growth since its inception in 2002, and as an agricultural company is exempt from taxes in China. CNOA has put solid plans in place to markedly expand revenues. The quality of CNOA’s products results in the ability to command and receive prices 15% higher than comparables.
CNOA has in excess of 6260 acres dedicated to green and organic rice. The irrigation system is fed from the Nen River, one of the last unpolluted rivers in China, and no chemicals or fertilizers are used in the process. The Company’s flagship brand, ErMaPao, has won several quality awards, holds the highest organic certification and is one of the most popular rice brands in the country.
For more information, please visit www.chinaorganicagriculture.com.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of CNOA could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company’s operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
China Organic Agriculture
Steve Wan, 310-441-9777
stevewan@chinaorganicagriculture.com