China Modern Agriculture Announces $1.4 Million Order Kendelong Dairy Co.

China Modern Agriculture Inc. (Stock Symbol: CMCI), a high-tech livestock company specializing in the breeding of cows and calves in Harbin, China, announced that it has received an order from Heilongjiang Kendelong Dairy Co., Ltd., worth an estimated $1.4 million in revenue. China Modern is also involved in the production and sale of milk, the sale of organic fertilizers, and the promotion of agricultural information.

According to the order, Kendelong Dairy will purchase a total of 4,000 tons of raw milk at the price of USD$0.36/kg through December 31, 2011. Through the first nine months of fiscal 2011, the Company increased gross revenues 64% over the same period in 2010, reaching $17.2 million for the nine months of 2011. This order is expected to further expand the dairy market share of China Modern Agriculture in Heilongjiang and promote the Company's sales of fresh milk in China.