Hidili Industry International Devt : Download2016-08-25Announcements and Notices -

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Hidili Industry International Development Limited

恒鼎實業國際發展有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 01393) APPOINTMENT OF AUDITOR AND DELAY IN PUBLICATION OF 2015 ANNUAL RESULTS AND 2016 INTERIM RESULTS

Reference is made to (i) the announcements of Hidili Industry International Development Limited (the "Company") dated 31 March 2016, 5 April 2016 and 14 April 2016 on the publication of 2015 Annual Results, and (ii) the announcement dated 19 August 2016 on the resignation of auditor of the Company (collectively, the "Announcements"). Capitalised terms used in this announcement shall have the same meanings as defined in the Announcement unless otherwise stated.

APPOINTMENT OF AUDITOR

The board of directors of the Company (the "Board") is pleased to announce that the Company has on 25 August 2016 appointed Zhonghui Anda CPA Limited ("Zhonghui Anda") as the auditor of the Company with effect from 25 August 2016 to fill the casual vacancy following the resignation of Deloitte on 19 August 2016. Zhonghui Anda should hold office until the conclusion of the next annual general meeting of the Company.

DELAY IN PUBLICATION OF 2015 ANNUAL RESULTS AND 2016 INTERIM RESULTS

The Board hereby wishes to inform the shareholders of the Company that there will be further delay in the publication of the 2015 Annual Results and the interim results of the Company for the six months ended 30 June 2016 (the "2016 Interim Results") as a result of the resignation of Deloitte as the auditor of the Company on 19 August 2016 and the new auditor of the Company, Zhonghui Anda, would require time to conduct the audit of the consolidated financial statements of the Company and its subsidiaries for the year ended 31 December 2015.

The Board has decided, after careful consideration, not to publish the unaudited management accounts for the year ended 31 December 2015 and the unaudited management accounts for the six months ended 30 June 2016 as they are not truly and fairly reflecting the financial performance and position of the Company.

Pursuant to Rule 13.49(1) and Rule 13.46(2) of the Listing Rules, the Company is required to publish the 2015 Annual Results on or before 31 March 2016 and to despatch the annual report of the Company for the year ended 31 December 2015 (the "2015 Annual Report") on or before 30 April 2016. Further, pursuant to Rule 13.49(6) and Rule 13.48(1), the Company is required to publish the 2016 Interim Results on or before 31 August 2016 and to despatch the interim report of the Company for the six months ended 30 June 2016 (the "2016 Interim Report") on or before 30 September 2016. The above delay constitutes non-compliances under Rules 13.49(1), 13.46(2), 13.49(6) and

13.48(1).

Upon the appointment of Zhonghui Anda, the Company will closely coordinate and assist Zhonghui Anda in completing the audit of the financial statements of the Company for the year ended 31 December 2015. The Company expects that (i) the 2015 Annual Results and the 2016 Interim Results can be released no later than 31 October 2016, and (ii) the 2015 Annual Report and 2016 Interim Report can be despatched as soon as practicable.

Further announcement(s) will be made by the Company to inform the public on any material development of the publication of the 2015 Annual Results and the 2016 Interim Results as and when appropriate.

By Order of the Board of

Hidili Industry International Development Limited

恒鼎實業國際發展有限公司

Xian Yang

Chairman

Hong Kong

25 August 2016

As at the date of this Announcement, the executive directors of the Company are Mr. Xian Yang (Chairman) and Mr. Sun Jiankun, Ms. Cheng Yuanyun and Mr. Zhuang Xianwei and the independent non-executive directors of the Company are Mr. Huang Rongsheng, Mr. Sung Wing Sum and Ms. Xu Manzhen.