TIDMACHL

RNS Number : 4409U

Asian Citrus Holdings Ltd

28 December 2012

28 December 2012

ASIAN CITRUS HOLDINGS LIMITED

("Asian Citrus" or "the Company")

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR, CHAIRMAN OF REMUNERATION COMMITTEE AND

MEMBER OF AUDIT COMMITTEE

The board of Directors (the "Board") of Asian Citrus Holdings Limited (the "Company") announces that Mr. Nicholas Smith tendered his resignation as an independent non-executive director of the Company with effect from 24 March 2013 as Mr. Nicholas Smith would like to concentrate on the increasing work load on his board commitments in the United Kingdom. Accordingly, Mr. Nicholas Smith will also cease to be the chairman of the remuneration committee of the Company (the "Remuneration Committee") and a member of the audit committee (the "Audit Committee") of the Company upon his resignation as an independent non-executive Director.

Mr. Nicholas Smith has confirmed that he has no disagreement with the Board, and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board would like to express its gratitude to Mr. Nicholas Smithfor his contributions over the years.

The Board is currently identifying a suitable candidate to be appointed as the chairman of the Remuneration Committee and the member of the Audit Committee to replace Mr. Nicholas Smith. Further announcement will be published by the Company.

For further enquiries please contact

 
 Asian Citrus 
  Eric Sung, Finance Director           +852 2559 0323 
 Seymour Pierce Limited (NOMAD 
  and Joint Broker)                     +44 (0) 20 7107 
  Jonathan Wright, Tom Sheldon          8000 
 Richard Redmayne, Jacqui 
  Briscoe (Broking) 
 Weber Shandwick Financial 
  Nick Oborne, Stephanie Badjonat,      +44 (0) 20 7067 
  John Moriarty                         0700

This information is provided by RNS

The company news service from the London Stock Exchange

END

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