Le Gaga Holdings (NASDAQ:GAGA)

We are one of the largest greenhouse vegetable producers in China as measured by the area of greenhouse coverage, according to a report commissioned by us from Frost & Sullivan, an independent market research firm, and we believe we are one of the fastest growing major vegetable producers in China. We grow vegetables in open fields as well as by using greenhouses. According to the Frost & Sullivan report, we have the highest greenhouse coverage ratio among major vegetable producers in China. We focus on applying advanced agricultural know-how to grow safe and consistently high-quality vegetables. We sell over 100 varieties of vegetables to wholesalers, institutional customers and supermarket chains in China and Hong Kong. Our customers include leading international hypermarket chain Walmart and the top three Hong Kong supermarket chains, Wellcome, ParknShop and Vanguard, each with stringent vendor qualification requirements. We have established and rely on a comprehensive database in planning each stage of the crop cultivation process, from seed selection to crop production to harvesting, taking into account customer preferences and market and meteorological conditions. Combining the use of our proprietary planning system, our advanced horticultural know-how and greenhouse cultivation, we have been able to better control crop cycles and harvest schedules to capture attractive market opportunities.

Last updated October 23, 2010