China Green provides update on pending acquisition of Lonestar Dream

China Green Agriculture provides a business update regarding the pending recent acquisition of Lonestar Dream Inc., a Delaware corporation, which focuses on cryptocurrency sector, particularly bitcoin mining. Mr. Zhibiao Pan is Co-Chief Executive Officer of the Company and is the sole shareholder of Lonestar Dream. The Company devised a dual-business development strategy in 2021, aimed at expanding into the cryptocurrency industry. Subsequently, the Company diligently executed the strategy, culminating in this significant acquisition. Zhibiao Pan, Co-Chief Executive Officer of CGA, expressed excitement about the strategic leap, stating, “The acquisition of Lonestar Dream represents a strategic milestone for China Green Agriculture, Inc. as we embark on our journey into the burgeoning cryptocurrency and energy sectors. Leveraging Lonestar Dream’s expertise and infrastructure, we are poised to capitalize on the opportunities presented by the evolving digital landscape. With a steadfast commitment to innovation and sustainability, we aim to drive long-term value for our stakeholders while contributing to the advancement of the cryptocurrency and energy industries.”