EXHIBIT 12.1

Certification by the Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Shing
Yung Ma, certify that:

1. I have reviewed this transition report on Form 20-F of Le Gaga Holdings Limited (the
Company);

2. Based on my knowledge, this transition report does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this transition report;

3. Based on my knowledge, the financial statements, and other financial information included in this transition report, fairly present in
all material respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this transition report;

4. The Companys other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and
internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this transition report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Companys disclosure controls and procedures and presented in this transition
report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this transition report based on such evaluation; and

(d) Disclosed in this transition report any change in the Companys internal control over financial reporting that occurred during
the period covered by this transition report that has materially affected, or is reasonably likely to materially affect, the Companys internal control over financial reporting; and

5. The Companys other certifying officer and I have disclosed, based on our most recent evaluation of internal control over
financial reporting, to the Companys auditors and the audit committee of the Companys board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Companys ability
to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves
management or other employees who have a significant role in the Companys internal control over financial reporting.

Date: November 23,
2012



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|By:    |  | /s/ Shing Yung Ma      
|Name:  |  | Shing Yung Ma          
|Title: |  | Chief Executive Officer