Beijing, China
November 22, 2013
Agria Corporation (NYSE: GRO) (the "Company" or "Agria") today announced the resignation of Dr. Zhao Jiuran from the Company's Board of Directors (the "Board"), effective November 19, 2013. Dr. Zhao was an independent director who joined the Board in September 2007.
Agria's Executive Chairman of the Board, Mr. Alan Lai, commented, "We appreciate the substantial contributions made by Dr. Zhao to the success of Agria. His expertise in genetic breeding and industrialization of maize contributed to our leadership position in the PRC seeds market. We understand his desire to devote more time and attention to his academic pursuits and official duties, and wish him success in his future endeavors."
Upon the resignation, the compensation committee of the Company will comprise two independent directors: Mr. Wah Kwong Tsang (as Chair) and Mr. Sean Shao. The composition of the Board and compensation committee remains in compliance with all applicable New York Stock Exchange and United States Securities and Exchange Commission regulations.
About Agria Corporation
Agria Corporation (NYSE: GRO) is an agricultural company with operations in China, South America, New Zealand and Australia. Agria operates three principal business lines: China seeds, international seeds and agriservices. In China, Agria engages in research and development, production and sale of seed products, including field corn seeds, edible corn seeds and vegetable seeds. Agria owns through Agria Asia a 50.22% equity interest in PGG Wrightson Limited, New Zealand's largest agricultural services company. For more information about PGG Wrightson Limited, please visit www.pggwrightson.co.nz. For more information about Agria Corporation, please visit www.agriacorp.com.
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