OGAA has signed an agreement with Jilin Jiufu Zhenyuan Technology Development Co., Ltd

Organic Agricultural Company Limited (OTCQB: OGAA, the "Company") today announced that the Company has signed an agreement with Jilin Jiufu Zhenyuan Technology Development Co., Ltd. (“Jilin Jiufu”) that provides for the sale by the Registrant to Jilin Jiufu of 4,119,500 shares of the Registrant’s common stock. The agreement provides that, prior to April 10, 2021, Jilin Jiufu will pay for the shares by depositing 6,000,000 Renminbi (US$ 920,000) to the account of Heilongjiang Tianci Liangtian Agricultural Technology Development Co., Ltd., a wholly-owned subsidiary of the Registrant. The Registrant covenants in the agreement that it will use the purchase price solely for its ordinary operating expenses. The Registrant also covenants that within ten days after Jilin Jiufu deposits the purchase price, the Registrant’s board of directors will increase the number of directors by one and appoint a nominee specified by Jilin Jiufu to fill the vacancy. The Company has filed 8K as below: https://www.sec.gov/Archives/edgar/data/1749849/000121390021019802/ea138911-8k_organicagri.htm

About Organic Agricultural Company Limited:

Organic Agricultural Company Limited is a corporation organized in the United States under laws of the State of Nevada. The Company carries on business through its subsidiaries with headquarters in China, and devote its efforts to marketing and distribution of selenium-enriched agricultural products. We believe that the importance of selenium to human health and the fact of dietary selenium deficiency in large parts of China create a vast market potential for development.

Cautionary Note Regarding Forward-Looking Statements:

This release contains "forward-looking" statements. All forward-looking statements are subject to uncertainty and changes in circumstances. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include certain economic, business and regulatory risks and factors identified in the Company's periodic reports filed with the Securities and Exchange Commission. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.

Contact: [email protected]

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