SOURCE: Man Shing Agricultural Holdings

July 07, 2011 09:00 ET

Man Shing Agricultural Engages Moore Stephens, Hong Kong as Independent Registered Accountants

HONG KONG--(Marketwire - Jul 7, 2011) - Man Shing Agricultural Holdings, Inc. (OTCBB: MSAH) ("Man Shing" the "Company," "we," "us," or "our"), located in the Shandong Province and one of the largest Chinese exporters of high quality, fresh ginger to Japan, the United Kingdom, and the Netherlands, today announced that it has engaged Moore Stephens, Hong Kong ("Moore Stephens") as the Company's independent registered accounting firm. The decision to change accountants was approved by Man Shing's board of directors.

Moore Stephens will review the financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2011. There were no disagreements between Man Shing and its former independent accountant from October 29, 2010, the date such accountant was engaged, through June 30, 2011, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

Mr. Shili Liu, Chairman and Chief Executive Officer of Man Shing, stated, "The Company is pleased to announce the appointment of Moore Stephens, one of the largest accounting firms with extensive experience in working with China-based U.S. publicly listed companies, as the Company's new accounting firm."

About Man Shing Agricultural Holdings, Inc.
Man Shing Agricultural Holdings, Inc., through its operating subsidiary in Shandong of China, is focused on the production and processing of fresh ginger and other select vegetables such as onion and garlic. The Company produces high quality ginger which meets the requirements of the British Retail Consortium Global Food Standard. The Company focuses on customers located in countries such as Japan and the European Union which are food safety oriented. For further information about Man Shing Agricultural Holdings, Inc., please visit the Company's website at http://www.msaginger.com/

Forward-Looking Statement:
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, expectations of signing new customers and contracts, developing new products, projected revenues and earnings, and the success of new products. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which are relevant as of the date of the given press release and should not be relied upon as of any subsequent date. Man Shing Agricultural Holdings, Inc. undertakes no obligation to update the forward-looking information contained in this press release.

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