Chaoda Modern Agriculture (CMGHF)

[ErnieBilco]

Delayed again

UPDATE ON STATUS OF RESUMPTION
POSTPONEMENT OF BOARD MEETING


This announcement is made by the board of directors (the Board) of Chaoda Modern
Agriculture (Holdings) Limited (the Company, together with its subsidiaries, the Group)
pursuant to Rule 13.24A of the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited (the Stock Exchange).

The Board would like to provide the shareholders of the Company with an update on the
following matters pertaining to the resumption of trading in the Company’s shares (the
Resumption) on the Stock Exchange:

z the Auditors have advised the Company that they are not in a position to finalise the
whole audit for the three financial years ended 30 June 2011, 2012 and 2013 by the end
of May 2014, as they need additional time to continue to follow up with the outstanding
matters as disclosed in the Company’s announcement dated 30 April 2014;

z in particular, the Auditors are following up on their detailed review of the valuation
reports with the independent valuers in accordance with Hong Kong Standard on
Auditing (the HKSA) 500 “Audit Evidence” and HKSA 620 “Using the Work of an
Auditor’s Expert” issued by the Hong Kong Institute of Certified Public Accountants or
are pending the finalization of the Auditors’ audit procedures.

After consultation with the Auditors, the Company will aim at publishing the outstanding
results announcements by no later than the end of June 2014.

In view of the above, the meeting of the Board for approving the outstanding financial results
(which is originally scheduled for 30 May 2014) will be postponed to a date to be announced
by the Company.
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Trading in the Company’s shares on the Stock Exchange will remain suspended pending the
fulfilment of the conditions prescribed by the Stock Exchange for the Resumption and
disclosed in the Company’s announcement dated 19 July 2013.



By Order of the Board
Chaoda Modern Agriculture (Holdings) Limited
Kwok Ho
Chairma