Asian Citrus Holdings Limited (¡§Asian Citrus¡¨ or the "Company") was incorporated and has its registered office in Bermuda. The main country of operation is China (the "PRC") where all of the plantations and factories are based. The ordinary shares of Asian Citrus have been admitted to trading on the AIM in London which is regulated by the London Stock Exchange and on The Stock Exchange of Hong Kong Limited.
The Group is a lending orange plantation owner and operator in the PRC. It currently owns and operates two orange plantations: the Hepu Plantation in Hepu County in the Guangxi Zhuang Autonomous Region, occupying approximately 31 sq.km. and Hunan Plantation in Dao County in Hunan Province, occupying approximately 35 sq.km. These plantations are located at similar latitudes to that of Florida of the US, which is well known for growing oranges with favorable temperature, solar radiation, soil, water retention and topography.
The Group cultivates and sells two types of oranges: winter (varieties include Navel, Hamlin, Pineapple and Hong Jiang) and summer (principally Valencia). The Group sells its oranges to supermarket chains, corporate customers and wholesalers in the PRC.
Hepu Plantation is fully developed with approximately 1.2 million orange trees and approximately 220,000 banana trees. The Group initiated a replanting programme in Hepu Plantation to replace existing winter orange trees with new species of summer orange trees that have stronger resistance to disease and produce a higher yield.
Hunan Plantation is fully planted with approximately 1.05 million summer orange trees and approximately 750,000 grapefruit trees .
The Group owns Behai Perfuming Garden Juice Company Limited ("BPG"), which is a large producer and wholesaler of tropical fruit juice concentrates in the PRC and processes over ten different varieties of tropical fruits, the most significant types of which include pineapples, passion fruits, lychees, mangoes and papayas. 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 for Food Safety Management System Certification.