Asian Citrus Holdings Limited provided 2015 winter harvest guidance and earnings guidance for the year ending June 30, 2016. Based on the current information available to the Board from the comprehensive investigation, as announced on 15 April 2015, the Board confirmed that the rate of infection of HLB Disease is currently anticipated to be approximately 18% of the total orange trees in Xinfeng Plantation. In order to prevent the spread of the HLB Disease and protect the unaffected orange trees, approximately 300,000 orange trees infected with HLB Disease are expected to be removed in May 2015.

The estimated removal and additional pesticides costs amounting to approximately RMB 12 million will be incurred in the fourth quarter for the financial year ending 30 June 2015. The Group's insurance policy does not cover damage from the presence of any diseases and as such there will be no reimbursement for the losses incurred from the HLB Disease. The Board estimates the 2015 winter harvest from Xinfeng Plantation will see a significant reduction compared to the 2014 winter harvest, which will have an ongoing adverse effect on the results of the Group from the financial year ending 30 June 2016.