Enlightify Inc. 2023年度报告

FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year ended June 30, 2024 or ☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the transition period from _________ to _____________ Commission file number: 001-34260 CHINA GREEN AGRICULTURE, INC.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 ofthe Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 orSection 15(d) of the Exchange Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed bySection 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for suchshorter period that the registrant was required to file such report(s)), and (2) has been subject to such filingrequirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive DataFile required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post suchfiles). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of“largeaccelerated filer,”“accelerated filer,”“smaller reporting company,”and“emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to itsmanagement’s assessment of the effectiveness of its internal control over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whetherthe financial statements of the registrant included in the filing reflect the correction of an error to previouslyissued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required arecovery analysis of incentive-based compensation received by any of the registrant’s executive officersduring the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theExchange Act). Yes☐No☒ The aggregate market value of the voting and non-voting common equity held by non-affiliatescomputed by reference to the price at which the common equity was last sold, or the average bid and askedprice of such common equity, as of the last business day of the registrant’s most recently completed secondfiscal quarter: $27,658,255 as of December 29, 2023, based on the closing price $3.03 of the Company’scommon stock on such date. The number of outstanding shares of the registrant’s common stock on October 15, 2024, was14,793,538. None. FOR FISCAL YEAR ENDED June 30, 2024 PAGEPART IItem 1.Business1Item 1A.Risk Factors19Item 1B.Unresolved Staff Comments40Item 2.Properties40Item 3.Legal Proceedings42Item 4.Mine Safety Disclosures42 PART IIItem 5.Market for the Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities43Item 6.[Reserved]44Item 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations45Item 7A.Quantitative and Qualitative Disclosures about Market Risk53Item 8.Financial Statements and Supplementary Data54Item 9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure54Item 9A.Controls and Procedures55Item 9B.Other Information55Item 9C.Disclosure Regarding Foreign Jurisdictions That Prevents Inspections55PART IIIItem 10.Directors, Executive Officers and Corporate Governance56Item 11.Executive Compensation60Item 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholders Matters67Item 13.Certain Relationships and Related Transactions, and Director Independence68Item 14.Principal Accountant Fees and Services70PART IVItem 15.Exhibits, Financial Statement Schedules71Item 16.Form 10-K Summary71SIGNATURES72EXHIBIT INDEX73FINANCIAL STATEMENTS AND SUPPLEMENTARY DATAF-1 PART I Item 1. Business China Green Agriculture, Inc., a Nevada corporation (‘we”