I received an email this morning from Dan Ritchey. I include the text verbatim because I find Dan a man of integrity and hopefully this will put an end to the speculation. Timing of the resignation is unfortunate but I gather from Dan it is what it is....
Solomon Lee has forwarded your inquiry to me to respond since he is not able
to do so without delay.
The Company makes it a policy to listen to our shareholders’ concerns and
suggestions, and continues to welcome yours at any time.
As you are aware, Sino Agro Food, Inc. (“SIAF”) is in the process of
reorganizing itself in anticipation of the demands imposed by its growth and
expansion.
Anthony Kam & Associates (“AK&A”) had been required to evaluate along with
the Company its capacity to meet those demands; i.e. their capacity to handle
the additional workload both effectively and timely going forward.
In conclusion, it was found that a firm the size and stature of ECOVIS better
serves SIAF’s future, meeting the encroaching demands head-on both
effectively and without disruption.
Unfortunately, the transition has transpired at a very demanding time, but as
with every growing organization sometimes we are not provided the luxury of
picking and choosing when change happens.
The Company will not be issuing a press release discussing the change of
auditor.
Putting oneself in the shoes of AK&A, it is not in their interest for us to
publicly discuss their (in)capacity to meet the oncoming (growth) demands
imposed by SIAF.
Our relationship with AK&A terminated on gentlemen’s terms. It’s our
intent to maintain that relationship in case the Company or ECOVIS finds a
need to call on them in the future.
Again, I welcome your continued interest in our ongoing development, and for
continuing to remain a loyal shareholder of SIAF.
Sincerely,
Dan Ritchey
