About ASIAN CITRUS Company

Asia Fruit Holdings Limited (“Asia Fruit” or the “Company”) is incorporated and has a registered office in Bermuda. Its business is mainly concentrated in China (“China”), that is, the base and processing plants of all of its plantations. Common shares of the Asian fruit industry are permitted to be traded on the London Alternative Investment Market (regulated by the London Stock Exchange) and the Stock Exchange of Hong Kong Limited. The group is the owner and operator of one of the largest orange plantations in China. Currently, it owns and operates two fresh orange plantations. One is the Hepu Plantation, which covers an area of about 31 square kilometers and is located in Hepu County, Guangxi Zhuang Autonomous Region; the other is the Xinfeng Plantation, which covers an area of about 37 square kilometers and is located in Xinfeng County, Jiangxi Province, both of which are at the same latitude as Florida in the United States, where oranges are abundant. The Group's plantations have favorable conditions for growing fresh oranges in terms of temperature, sunshine, soil, moisture retention and topography. The Group currently cultivates and sells two types of fresh oranges, namely winter oranges (including varieties such as navel oranges, Hamlin oranges, oranges and red river oranges) and summer oranges (mainly burling oranges), and sells fresh oranges to domestic supermarket chains, corporate customers and wholesalers. The Gappu Plantation has now been fully developed and has about 1,200,000 orange trees. The group has launched a replanting plan to replace existing winter orange trees with new varieties of summer orange trees that are more resistant to diseases and have higher yields. The Xinfeng Plantation has now been developed. Currently, all about 1,280,000 orange trees have been planted. The orange trees at the Xinfeng Plantation will reach the age of producing orange trees one after another, and will be able to contribute more production when mature. The future growth of the plantation will further improve the Group's overall supply of fresh oranges. The Group has developed a third plantation in Hunan Province, the Hunan Plantation, which covers an area of about 35 square kilometers and has about 1,800,000 orange and grapefruit trees. Beihai Guoxiangyuan Juice Co., Ltd. (“Guoxiangyuan”), a subsidiary of the group, is a leading producer and marketer of tropical fruit juice concentrates in China. It processes more than ten types of tropical fruits, mainly pineapple, passion fruit, lychee, mango and papaya. The three production plants are located in Beihai City, Hepu County and Baise City, Guangxi. Guoxiangyuan has a number of registered patents and has passed the ISO 22000:2005 food safety system certification.