Attached files
| file | filename |
|---|---|
| 8-K - LIHUA INTERNATIONAL INC. | v190984_8k.htm |
| EX-16.1 - LIHUA INTERNATIONAL INC. | v190984_ex16-1.htm |
Lihua
International Names Crowe Horwath (HK) CPA Limited Independent
Auditors
Danyang,
China – July 21, 2010 – Lihua International, Inc. (Nasdaq: LIWA)
("Lihua"
or the "Company"), a leading Chinese developer, designer, and manufacturer of
low cost, high quality alternatives to pure copper products, such as refined
copper products and superfine and magnet wire, including copper clad aluminum
("CCA") wire, today announced that it has appointed Crowe Horwath (HK) CPA
Limited to serve as the Company’s independent registered public accountants
effective July 16, 2010.
Crowe
Horwath replaces AGCA, Inc., as Lihua’s independent registered public
accountants. The change in accounting firms was approved by the Company’s audit
committee and was not the result of any dissatisfaction with the level of
service provided by AGCA or any disputes relating to matters of accounting
principle or practices, auditing procedures or financial statement
disclosures.
“Crowe
Horwath HK operates under the banner of one of the top 10 public accounting and
consulting firms in the world. As we continue to grow our Company we believe
that engaging an independent auditor of this caliber is paramount to supporting
our future financial growth goals,” said Jianhua Zhu, Chairman and CEO of Lihua.
“We are confident that, going forward, we will continue to receive the high
level of commitment to which we are accustomed, with access to a broader range
of services and the support of a larger, global organization.”
About
Lihua International, Inc.
Lihua,
through its two wholly-owned subsidiaries, Lihua Electron and Lihua Copper, is a
leading value-added manufacturer of copper replacement products for China's
rapidly growing copper wire and copper replacement product market. Lihua is one
of the first vertically integrated companies in China to develop, design,
manufacture, market and distribute lower cost, high quality alternatives to pure
copper magnet wire and pure copper alternative products. Lihua's products
include CCA and pure copper products including copper wire and copper rod, which
are produced from recycled scrap copper. Lihua's products are sold in China
either directly to manufacturers or through distributors in the wire and cable
industries and manufacturers in the consumer electronics, white goods,
automotive, utility, telecommunications and specialty cable industries. Lihua's
corporate and manufacturing headquarters are located in the heart of China's
copper industry in Danyang, Jiangsu Province. For more information, visit:
http://www.lihuaintl.com.
Lihua
International, Inc.
Page 2 of
2
To be
added to the Company's email distribution for future news releases, please send
your request to lihua@tpg-ir.com.
Safe Harbor
Statement
This
press release contains certain statements that may be deemed to be
“forward-looking statements” within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. All statements, other than statements of historical facts, that
address activities, events or developments that the Company expects, projects,
believes or anticipates will or may occur in the future, including, without
limitation, statements about its business or growth strategy, general industry
conditions including availability of copper or recycled scrap copper, future
operating results of the Company, capital expenditures, expansion and growth
opportunities, bank borrowings, financing activities and other such matters, are
forward-looking statements. Although the Company believes that its expectations
stated in this press release are based on reasonable assumptions, actual results
may differ from those projected in the forward-looking statements.
Please
note that information in this press release reflects management views as of the
date of issuance.
Contacts:
Lihua
International, Inc.
Daphne
Huang
EVP of
Corporate Finance and Director of Investor Relations
(516)
717-9939
daphne.huang@lihuaintl.com
The
Piacente Group, Inc.
Investor
Relations
Brandi
Floberg or Lee Roth
(212)
481-2050
lihua@tpg-ir.com
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