TIDMACHL

RNS Number : 1778L

Asian Citrus Holdings Ltd

07 January 2016

For immediate release 7 January 2016

Asian Citrus Holdings Limited

("Asian Citrus" or the "Company")

Change in Auditor

The board of directors (the "Board") of the Asian Citrus announces that HLB Hodgson Impey Cheng Limited ("HLB") has been appointed as the new auditor of the Company with effect from 7 January 2016 to fill the vacancy following the resignation of Baker Tilly Hong Kong Limited ("Baker Tilly"). HLB shall hold office until the conclusion of the next annual general meeting of the Company.

Baker Tilly's resignation was because an agreement could not be reached with the Company on the audit fee for the financial year ending 30 June 2016.

Baker Tilly has confirmed that there are no circumstances connected with its resignation as the auditor of the Company that should be brought to the attention of the members or creditors of the Company. The Board further confirms that Baker Tilly has not yet commenced any audit work on the financial statements of the Company and its subsidiaries for the financial year ending 30 June 2016. The Board believes that the change in auditor will not have any significant impact of the interim review for the six months ended 31 December 2015. The Board and audit committee of the Company also confirm that there is no disagreement or outstanding matters between the Company and Baker Tilly, and there are no other matters or circumstances in relation to the change in auditor of the Company that need to be brought to the attention of the members or creditors of the Company.

The Board would like to express its appreciations to Baker Tilly for its services rendered to the Company in the past.

For further enquiries please contact:

 
 Asian Citrus                                +852 3951 0000 
 Vasco van der Flier, Head of Investor 
  Relations 
 
 Cantor Fitzgerald Europe (NOMAD             +44 (0) 20 7894 
  and Broker)                                 7000 
 Rick Thompson / David Foreman (Corporate 
  Finance) 
                                              +44 (0) 20 7067 
  Weber Shandwick Financial                    0000 
 Nick Oborne, Stephanie Badjonat, 
  Tom Jenkins

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 07, 2016 08:38 ET (13:38 GMT)

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