HONG KONG, Aug. 6, 2015 /PRNewswire/ -- Asian Citrus Holdings Limited (HKEx stock code: 73, the "Company" or "Asian Citrus") announced, Mr. Ng Ong Nee, the chief executive officer and executive Director of the Company, has been appointed as the Chairman of the Board. Mr. Ng Hoi Yue was re-designated from an independent non-executive Director to executive Director, and was appointed as the Deputy Chief Executive Officer of the Company. The aforementioned changes are effective on 4 August 2015.
Mr. Ng Cheuk Lun resigned from his position as an authorized representative and secretary of the Company on 3 August 2015. He will remain as the chief financial officer and executive Director. Mr. Ng Ong Nee and Ms. Ng Ling Ling were appointed as the authorized representative and the secretary of the Company in place of Mr. Ng Cheuk Lun respectively.
Mr. Ng Ong Nee has sound commercial and managerial experience in a variety of businesses and industries and has worked for a number of companies with multi-national businesses. Mr. Ng Ong Nee has been an Executive Committee member of the Chinese Enterprises Investment Association since 2013 and was the vice president of the Hong Kong Australia Investment Association and a past president of the Shenzhen-Hong Kong Business Association.
Mr. Ng Hoi Yue 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 Accountants in England. Also, he is currently an independent non-executive director of two listed companies in Hong Kong.
The Company believes Mr. Ng Ong Nee and Mr. Ng Hoi Yue will lead Asian Citrus to grasp future opportunities and create return for its shareholders with the leverage on their talents and passions at their new positions.
About Asian Citrus
Asian Citrus Holdings Limited has been trading on the AIM of London Stock Exchange and the Main Board of the Stock Exchange of Hong Kong since 2005 and 2009 respectively. As the single largest orange producer and plantation owner in the PRC, the Group owns and operates three orange plantations with a total area of approximately 103 sq.km. including Hepu, Xinfeng and Hunan Plantations located in the Guangxi Zhuang Autonomous Region, and Jiangxi and Hunan Provinces respectively. The Group cultivates two types of high quality organic oranges, namely Winter Oranges and Summer Oranges the species of which mostly originated from the U.S., and sells to supermarket chains, corporate customers, wholesalers and sole proprietors covering major cities and provinces within the PRC. The Group uses a premium brand "Royal Star" for its products which has been accredited as an Organic Products by China Organic Food Certification Centre. The Group owns Beihai Perfuming Garden Juice Company Limited ("BPG"), which is the largest producer of tropical fruit juice concentrates in the PRC, with key customers being beverage mixers supplying major beverage groups. With three factories located in Beihai City, Hepu County and Baise City in Guangxi, BPG owns various registered patents and has been granted the ISO22000:2005 Food Safety Management System Certification.
