[For Immediate Release] Independent review results reaffirm that Real Nutri's arguments to the short selling institution research report are supported by sufficient evidence
  • Real Nutri voluntarily engaged Zhonghui Anda Risk Services Limited, a member firm of Zhonghui Anda CPA Limited to conduct an independent review on the allegations set out in the Glaucus Report in order to enhance investors' confidence.
  • The Independent Report reaffirms that Zhonghui did not discover any material discrepancies between Real Nutri's financial records and the information obtained by Zhonghui during the independent review.
  • Glaucus has already entered into the settlement agreement with Real Nutri in April 2016. Real Nutri is entitled to state that its financial statements for the current and prior years are genuine and correct.
  • Real Nutri believes that its arguments to the short selling institution research report are supported by sufficient evidence.

(26 January 2017 - Hong Kong) Real Nutriceutical Group Limited ("Real Nutri" or the "Company", which together with its subsidiaries is referred to as the "Group"; stock code: 2010) announced that the Company voluntarily engaged Zhonghui Anda Risk Services Limited ("Zhonghui"), a member firm of Zhonghui Anda CPA Limited to conduct an independent review, in relation to the research report published by Glaucus Research Group California LLC ("Glaucus") in 2015,

The independent review report has been prepared for more than a half year and the Group's sales, incomes, tax payments, customers, expenses and number of Real Nutri Health Stores etc., in the past few years are under review. Zhonghui was satisfied with the review and did not discover any material discrepancies between the Group's financial records and the information obtained by Zhonghui during the independent review in respect of the allegations made in the Glaucus report. As disclosed in the announcement dated 24 April 2016, the Company has already entered into the settlement agreement with Glaucus. The Company is entitled to state that its financial statements for the current and prior years are genuine and correct, and its arguments to the short selling institution research report are supported by sufficient evidence.

Dr. Wang Fucai, Chairman and Chief Executive Officer of the Group, said, "We welcome the results of the independent review. The report reaffirms the Company's healthy business operation and solid financial position, while our corporate governance and information disclosure levels are complied with the requirements of Hong Kong listed companies' regulations and accounting standards. We hope this report can further enhance our investors' confidence, and we will continue to communicate with the investors in the capital markets. We reiterate our confidence in Real Nutri's business and future development, aiming to establish an influential heath care business and generate positive value to our shareholders."

- End -

Independent review results reaffirm that Real Nutri's arguments to the short selling institution research report are supported by sufficient evidence

26 January 2017 / Page 2

About Real Nutri

Real Nutri is the leading brand in the amino acids health supplement market in China. Our diversified product portfolio spans a health industry spectrum, including nutritional supplements and general health food, health drinks and pharmaceuticals. Our Amino Acids Tablets have been selected as the official gift to the PRC National Assemblies which comprises the annual general meetings of the PRC National People's Congress and the Chinese People's Political Consultative Conference. We sell our health supplements and general health food products to an extensive network of regional and local distributors in China. As at 30 June 2016, our health supplements and general health food products were sold through the third party's retail network at over 80,000 sales points, including supermarkets, hypermarkets and retail pharmacies. Pharmaceutical products were sold to over 800 hospitals nationwide.

For further information, please contact:

iPR Ogilvy & Mather

Gary Li / Joseph Zhou

Tel: (852) 3170 6753 / 3920 7649

Fax: (852) 3170 6606

Email: realnutri@iprogilvy.com

Real Nutriceutical Group Limited published this content on 26 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 January 2017 13:43:05 UTC.

Original documenthttp://www.ruinian.com.hk/attachment/201701262134311748348725_en.pdf

Public permalinkhttp://www.publicnow.com/view/3AA6BF371432A4E2E3CEF61BEFBAAE343B57FC9E