Vancouver, British Columbia – Huaxing Machinery Corp. (TSX.V - HUA) (“Huaxing” or the “Company”) reports that its auditors, Manning Elliot LLP, have resigned effective October 9, 2014. The Company also reports that there are no unresolved differences of opinion between the Company and its former auditor. The Company and its audit committee immediately began a diligent search for a replacement auditor and are speaking with some firms this week with the goal of retaining a new auditor as soon as possible.
About Huaxing Machinery Corp.
Huaxing is a manufacturer of stone processing equipment and steel structure fabrication equipment. Through its wholly owned subsidiary Gold Rhino Limited, Huaxing holds an 80% controlling equity interest in Shandong Gold Rhino Huaxing Machinery Corp., the operating entity that holds the manufacturing facilities located in Boxing County, Shandong Province, China. Its main products are stone sawing, cutting, polishing and processing machinery, and robotic welding system for
steel structure fabrication. The processed stones and steel structures are both used in the building and infrastructure construction industry.
For additional information:
HUAXING MACHINERY CORP.
Ian Y.B. He, Vice Chairman, Director
Phone: 604-306-5867
Forward-Looking Statements
Certain information regarding Huaxing Machinery Corp. contains herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of various factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. The Company assumes no obligation to update such forward-looking statements, except as required by applicable securities laws or exchange regulations. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The Company seeks safe harbour.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.