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China Organic Agriculture Announces First Quarter 2008 Financial Results
May 15, 2008

China Organic Agriculture, Inc. (OTCBB: CNOA), a growth-driven agricultural products company leading China's organic foods revolution, today announced its operating results for the quarter ended March 31, 2008.

Net sales for the first quarter of 2008 increased 83% to $7.5 million compared to $4.1 million for the first quarter of 2007.

First quarter net income was $1.0 million, compared to $1.7 million for the first quarter of 2007, with earnings per share decreasing to $0.02 per diluted share compared to $0.03 per diluted share for the comparable period of 2007.

Changqing Xu, Chief Executive Officer of China Organic Agriculture stated, "Our increase in sales is primarily attributable to the expansion of our operations into the distribution of rice. During the first quarter, we had taken initial steps to purchase both green and organic rice from other rice producers and then resell this rice through our established distribution channels. We had decided to expand our current business model of distributing the rice we’ve cultivated to one where we can best utilize our distribution network by offering products from other organic producers.”