TIDMACHL

RNS Number : 1779A

Asian Citrus Holdings Ltd

18 March 2013

18 March 2013

Asian Citrus Holdings Limited

("Asian Citrus" or "the Company")

Directorate Changes

Asian Citrus, the largest orange plantation owner and the single largest orange producer in China, is pleased to announce the appointment of Mr Hoi Yue Ng as an independent non-executive director. The Company also announces that with immediate effect Hon Peregrine David Euan Malcolm Moncreiffe has been re-designated from a non-executive director to an independent non-executive director.

As previously announced by the Company on 28 December 2012 Mr Nicholas Smith has tendered his resignation as an independent non-executive director with effect from 24 March 2013.

Mr Ng (aged 48) is an associate member of The Institute of Chartered Accountants in England and Wales and a fellow member of both the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. He has been practicing as a certified public accountant in Hong Kong since 1989. Mr. Ng is currently an independent non-executive director of See Corporation Limited (stock code: 491) and Greenfield Chemical Holdings Limited (stock code: 582), shares of both companies are listed on The Stock Exchange of Hong Kong Limited.

Mr Ng has been appointed by the Company for a term of three years and his directorship is subject to the relevant provisions of retirement and re-election at the next general meeting of the Company in accordance with the bye-laws of the Company. Mr Ng is entitled to an annual independent non-executive director fee of HK$240,000.

Mr Ng has been appointed as a member of the Audit Committee with immediate effect. Mr Moncreiffe has been appointed as a member of the Remuneration Committee with immediate effect and Mr Ng will be appointed as the chairman of the Remuneration Committee in place of Mr Smith with effect from 24 March 2013.

Save as set out in this announcement there is no other information required to be disclosed under Schedule 2 paragraph (g) of the AIM Rules.

About Mr Hoi Yue Ng

Current directorships and business interests:

Mr Ng has no interest in the ordinary shares of the Company.

Mr Ng is currently a director of See Corporation Limited, Greenfield Chemical Holdings Limited, Hong Kong Securities (International) Company Limited, Best Secretaries Limited and Lo & Lo CPA Limited.

Past directorships and business interests in the previous five years:

In the past five years Mr Ng has been the proprietorof Herman H.Y. Ng & Co, a partner of Grant Thornton Jingdu Tianhua, a director of Pan-China (H.K.) CPA Limited, Best System Secretaries Limited, L&L Secretaries Limited, L&L Tax Consulting Limited, L&L Corporate Services Limited, L&L Nominees Limited, Earnest Investment Holdings Limited and Henry Group Holdings Limited.

For further enquiries please contact

 
 Asian Citrus 
  Eric Sung, Finance Director                  +852 2559 0323 
 Cantor Fitzgerald Europe (NOMAD and 
  Joint Broker) 
  Tom Sheldon / Rick Thompson (Corporate 
  Finance)                                   +44 (0) 20 7107 8000 
 Richard Redmayne (Corporate Broking) 
 
   Liberum Capital Limited (Joint Broker) 
   Clayton Bush / Richard Bootle               +44 (0) 20 3100 2222 
 
 Weber Shandwick Financial 
  Nick Oborne, Stephanie Badjonat, 
  John Moriarty                                +44 (0) 20 7067 0700

This information is provided by RNS

The company news service from the London Stock Exchange

END

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