SkyPeople Fruit Juice (SPU) Trading to Resume at 10:15AM ET After Change in Auditors

September 26, 2016 9:32 AM EDT

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Trading in SkyPeople Fruit Juice (NASDAQ: SPU) will resume today, September 26, 2016, for quotation at 10:10 ET and trading at 10:15 ET, NASDAQ said.

Trading in ”SPU" was previously halted on September 20, 2016.

After the close Friday, SkyPeople Fruit Juice announced that on September 19, 2016, the Company received a letter from Wei Wei & Co., LLP ("Wei Wei") stating that it would cease its services as the independent registered public accounting firm of the Company, effective from September 19, 2016.

During the Engagement Period, there were (1) no disagreements between the Company and Wei Wei on matters of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Wei Wei, would have caused Wei Wei to make reference to the subject matter of the disagreement in its report on the consolidated financial statements, and (2) no "reportable events" as that term is defined in Item 304(a)(1)(v) of Regulation S-K. Wei Wei issued no audit reports on the Company's consolidated financial statements.

On September 22, 2016, the Audit Committee of the Board of Directors of the Company approved the engagement of Jia Roger Qian Wang, CPA as the Company's independent registered public accounting firm, effectively immediately.

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