TIDMACHL 
 
RNS Number : 8900C 
Asian Citrus Holdings Ltd 
23 November 2009 
 

 
 
For immediate release 
                           23 November 2009 
 
 
 
 
Asian Citrus Holdings Limited 
("Asian Citrus" or "the Company") 
 
 
Approval in principle for the Hong Kong Listing 
 Listing Document 
Availability 
 Certain Corporate Governance Changes 
 
 
Asian Citrus, the largest orange plantation owner and the single largest orange 
producer in China, is pleased to announce that on 19 November 2009, the Company 
received an approval in principle from The Stock Exchange of Hong Kong Limited 
("SEHK") in connection with its proposed listing ("Hong Kong Listing") on the 
main board of the SEHK.  Subject to fulfilment of certain conditions, the SEHK 
will grant a formal and final approval, and in any event, before 26 November 
2009, when dealing in the Company's shares on the SEHK is expected to commence. 
The Listing of the Company's shares on the main board of the SEHK is by way of 
introduction and there are no shares being issued or sold to the public or 
investors in relation to the Hong Kong Listing. 
 
 
A listing document ("Listing Document") and a formal notice with reference to 
the Hong Kong Listing have been posted on the SEHK website at www.hkex.com.hk 
and on the Company's website at www.asian-citrus.com under the Investors 
section. 
 
 
For the purpose of meeting the requirements of the SEHK, the Listing Document 
contains statements of indebtedness and the Group's net current asset position 
as at 30 September 2009. As at this date, the Group had no bank borrowings and 
net current assets as at 30 September 2009 of approximately RMB478.8 million 
(GBP42.0 million*). Further details and the basis of these statements are set 
out in the Listing Document. 
 
 
On 17 November 2009, the board of directors of the Company ("Board") held a 
meeting to approve the Hong Kong Listing. Amongst other matters, the following 
matters were considered and approved by the Board: 
 
  1.  Mr. Nicholas Smith was re-designated as an Independent Non-Executive Director of 
  the Company. 
  2.  The Company's Audit committee was reconstituted so that Mr. Ma Chiu Cheung, 
  Andrew will continue to act as Chairman of the committee with Mr. Nicholas Smith 
  and Mr. Yang Zhenhan acting as members. 
  3.  The Company's Remuneration committee was reconstituted so that Mr. Nicholas 
  Smith will continue to act as Chairman of the committee with Mr. Ma Chiu Cheung, 
  Andrew and Mr. Tong Wang Chow acting as members. 
Tony Tong, Chairman and CEO of Asian Citrus, said: "The Listing Document is very 
informative and provides our shareholders and potential investors with 
comprehensive descriptions about the Company's business and operations. 
 We are pleased that the certain important resolutions in relation to 
enhancement of our corporate governance were approved by the Board which 
demonstrates our commitment to better compliance and corporate governance 
practice." * The exchange rate of GBP to RMB is 11.40 which is adopted for 
illustration purpose only. 
About Asian Citrus Holdings Limited 
Asian Citrus Holdings Limited is the largest orange plantation owner and the 
single largest orange producer in China and has two operational plantations in 
the Hepu county of the Guangxi Zhuang Autonomous Region and the Xinfeng county 
of the Jiangxi province of China. Its primary goal is to sell quality oranges at 
an affordable price and in so doing, strengthen its position as a leading, 
mechanised and industrialised orange grower and distributor in China. 
For Further Information Contact: 
Tony Tong/Eric Sung 
Asian Citrus Holdings Limited                                            +852 
2559 0323 
Terry Garrett/John Moriarty/Stephanie Badjonat 
Weber Shandwick Financial                                            0207 067 
0700 
Michael Wentworth-Stanley/James Mitford/Gina Gibson 
J.P. Morgan Cazenove                                                    0207 588 
2828 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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