Migao Corporation (Migao), through its wholly owned subsidiaries is engaged in the manufacturing of specialty potash-based fertilizers, produced at its four operational facilities in the People’s Republic of China (the PRC). The Company operates fertilizer production plants in various strategic locations in the PRC for the production and sale of specialty potash fertilizer (potassium nitrate, potassium sulphate, and other related compunds), along with their co-products, to the Chinese domestic agricultural market. The Company’s wholly owned subsidiaries include H.K. Migao Industry Limited (H.K. Migao), Sichuan Migao Chemical Fertilizer Industry Co., Ltd. (Sichuan Migao), Guangdong Migao Chemical Co., Ltd. (Guangdong Migao), Liaoning Migao Chemical Co., Ltd. (Liaoning Migao), Migao Chemical Industry (Shanghai) Co., Ltd. (Shanghai Migao), Migao Chemical (Changchun) Co., Ltd. (Changchun Migao) and Migao Chemical (Tianjin) Co., Ltd. (Tianjin Migao).