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AFG - Aquatic Foods News Story

12.5p 0.0  0.0%

Last Trade - 28/06/17

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £104.7m
Position in Universe th / 1838

Aquatic Foods Group - Directorate Change

Mon 11th December, 2017 7:00am
RNS Number : 8934Y
Aquatic Foods Group PLC
11 December 2017

Press Release

11 December 2017

Aquatic Foods Group Plc

("Aquatic Foods" or "AFG" or the "Group" or the "Company")

Aquatic Foods Group Plc (AIM: AFG), a leading Chinese marine foods and seafood processor and producer supplying to export and local markets, announces that Mircle Yap Ching Chai, a Non-Executive Director, has resigned from the Company and will cease to be a Director of the Company with immediate effect.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information:

Aquatic FoodsGroup Plc

Via Abchurch

Dr. Wang Shaodong, Non-Executive Chairman


SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Tel: +44 (0) 20 3470 0470

www.spangel.co.uk

Stuart Gledhill / Robert Wooldridge


Media enquiries:

Abchurch

Tel: +44 (0) 20 7398 7700

Julian Bosdet /Dylan Mark / Alejandra Campuzano

www.abchurch-group.com


AquaticFoods@abchurchgroup.com

Notes to Editors:

Aquatic Foods Group is a leading marine foods and seafood processor and supplier based in China. The Group initially built its business through focusing on the export market (principally Japan under the "Kanwa Foods" brand), and subsequently established the "Zhenhaitang" brand in 2007 in mainland China to take advantage of the growing market driven by growing disposable income within the Chinese middle-classes and a more health conscious consumer base.

The Group benefits from excellent food safety procedures developed over many years which have helped the Group to build a strong track record of supplying its products into overseas markets. This track record has enhanced the perception of the quality and reliability of the Group's products in China and has allowed the Group to expand significantly into local markets as demand for seafood products has increased. In a market that has seen regular public health scares relating to food safety, the Group considers that its adherence to these standards to be a key strength. The Group has obtained the following key standards:

- ISO 9001 Quality Management System certification

- HACCP Food Safety System certification

- BRC certification; and

- Marine Stewardship Council certification

Aquatic Foods works with a network of distributors to effectively market its products in China. The Group has continued to grow its distributor relationships and now distributes its products in 16 provinces, municipalities and autonomous regions in China through 50 regional distributors. These distributors in turn sell the Group's products to sub-distributors and retailers, including supermarket chains and hypermarkets.

Further information can be viewed at www.aquatic-foods.com.


This information is provided by RNS
The company news service from the London Stock Exchange
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