Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On November 22, 2022, China Green Agriculture, Inc. (the "Company") received a
notice from the New York Stock Exchange (the "NYSE") indicating that the Company
is not in compliance with the NYSE's continued listing requirements under the
timely filing criteria established in Section 802.01E of the NYSE Listed Company
Manual as a result of its failure to timely file its Quarterly Report on Form
10-Q for the period ended September 30, 2022 (the "Form 10-Q").
As reported by the Company in its Form 12b-25 filed with the Securities and
Exchange Commission (the "SEC") on November 15, 2022, the Company was unable to
file the Form 10-Q within the prescribed time period without unreasonable effort
or expense. The extension period provided under Rule 12b-25 expired on November
21, 2022. The Company is unable to meet the filing deadline for the filing of
its Form 10-Q due to circumstances related to COVID-19. In the year of 2022,
more pandemic restrictions had been tightened throughout China to control the
spread of COVID-19 in the community. As the Company's primary business is
conducted in China, its operations had been impacted due to the pandemic
restrictions. The Company is currently working closely with its principal
accounting firm to complete the filing of its Form 10-Q as soon as reasonably
practicable.
The NYSE has informed the Company that, under the NYSE's rules, the Company will
have six months from the filing due date to file its Form 10-Q for the period
ended September 30, 2022. The Company can regain compliance with the NYSE
listing standards during this six-month period when the Company files its Form
10-Q with the SEC. If the Company fails to file its Form 10-Q within such
six-month period, the NYSE may, in its sole discretion, allow the Company's
common stock to trade for up to an additional six months depending on specific
circumstances. Until the Company files its Form 10-Q for the period ended
September 30, 2022, the Company's common stock will remain listed on the NYSE
under the symbol "CGA" and will be assigned a "LF" indicator to signify late
filing status.
As noted above, the Company is working diligently to complete its Form 10-Q to
regain compliance with the NYSE continued listing standards.
Item 8.01 Other Events.
In accordance with the NYSE's procedures, the Company issued a press release
announcing the receipt of the NYSE letter dated November 22, 2022. Attached as
Exhibit 99.1 hereto, and incorporated herein by reference, is a copy of the
Company's press release dated November 30, 2022, announcing the receipt of the
NYSE letter.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
EXHIBIT NO. DESCRIPTION
99.1 Press Release dated November 30, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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