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AFG - Aquatic Foods News Story

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Last Trade - 28/06/17

Consumer Defensives
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £106.1m
Position in Universe th / 1820

Aquatic Foods Group - Result of AGM

Tue 19th July, 2016 12:49pm
RNS Number : 6137E
Aquatic Foods Group PLC
19 July 2016

Press Release

19 July 2016

Aquatic Foods Group Plc

("Aquatic Foods" or the "Company")

Result of AGM

Aquatic Foods Group Plc (AIM: AFG), a leading Chinese marine foods and seafood processor and producer, supplying to export and local markets, is pleased to announce that at its Annual General Meeting held earlier today, 19 July 2016, all resolutions put to the meeting were duly passed.

- Ends -

For further information:

Aquatic FoodsGroup Plc

Dr Wang Shaodong, Non-Executive Chairman

Tel: +44 (0) 20 7398 7714

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Stuart Gledhill / David Facey

Tel: +44 (0) 20 3470 0470

Media enquiries:

Abchurch Communications Limited

Julian Bosdet / Canace Wong

Tel: +44 (0) 20 7398 7714

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

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