Asian Citrus : + 01/09/2017 Announcements and Notices Clarification Announcement

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

亞洲果業控股有限公 司 *

(Incorporated in Bermuda with limited liability)

Reference is made to the announcement of Asian Citrus Holdings Limited (the "Company") dated 31 August 2017 (the "Announcement"). Unless otherwise defined herein, capitalized terms used herein shall have the same meanings as those defined in the Announcement.

It was stated in the announcement that the Board expects to publish audited financial statements in respect of certain Group members on or before 30 September 2017. It was also stated that trading in the shares of the Company on the Hong Kong Stock Exchange will remain suspended pending the release of the Group's annual results.

The Board would like to clarify that resumption of trading in the shares are subject to the fulfillment of the resumption conditions as set out in the Company's announcement dated 27 January 2017, namely:

1. publish all outstanding financial results under the Hong Kong Listing Rules and address any audit qualifications;

2. clarify, address and take appropriate actions on the Allegations; and

3. inform the market of all material information for the shareholders and the investors to appraise the Company's position.

* For identification purposes only

The Company is also required to comply with the Hong Kong Listing Rules and all applicable laws and regulations in Hong Kong and its place of incorporation before resumption. The Stock Exchange stated that it may modify any of the above conditions and/or impose further conditions if the situation changes.

By Order of the Board

Chairman

Hong Kong, 1 September 2017

As at the date of this announcement, the board of directors of the Company comprises two executive directors, namely Mr. Ng Ong Nee (Chairman and Chief Executive Officer) and Mr. Ng Hoi Yue (Deputy Chief Executive Officer); a non-executive director, namely Mr. He Xiaohong; and three independent non-executive directors, namely Mr. Chung Koon Yan, Dr. Lui Ming Wah, SBS, JP and Mr. Yang Zhen Han.