The Board of Directors of China Ouhua Winery Holdings Limited ("China Ouhua or the Company") wishes to announce that the proposed Ordinary Resolution in relation to proposed change of Auditors from Messrs Baker Tilly TFW LLP to Messrs Helmi Talib & Co. tabled at the Extraordinary General Meeting of the Company held on 16 January 2014 was duly passed by the shareholders subject to the following:-

1. In accordance to the condition imposed by the Securities Commission of Malaysia (SC) for China Ouhua Winery Holdings Limiteds Initial Public Offerings, the Companys Independent Auditors must be an international affiliated accounting firm.

2. This resolution if passed by the shareholders will be subjected to further confirmation by SC on the status of the proposed auditors, Helmi Talib & Co. (HTC) as to whether HTC is an International Affiliated Accounting Firm.

3. The Company together with HTC will provide justification to SC on the above and will make a further announcement on the SCs confirmation in due course.

4. If SC has different view, the existing Auditors, Messrs Baker Tilly TFW LLP shall remain as the Independent Auditors of China Ouhua for the financial year ended 31 December 2013 and to hold office until the conclusion of the forthcoming Annual General Meeting.

This announcement is dated 16 January 2014.