TIDMAFG

RNS Number : 4442T

Aquatic Foods Group PLC

20 July 2015

 
 Press Release   20 July 2015

Aquatic Foods Group Plc

("Aquatic Foods" or the "Company")

Non-Executive Director Change

Aquatic Foods Group Plc (AIM: AFG), a leading Chinese marine foods and seafood processor and producer, supplying to export and local markets, announces that John McLean, Deputy Chairman and Senior Independent Director has decided to withdraw his name for election as a Non-Executive Director of Aquatic Foods Group Plc at the AGM on 20th July 2015. Mr McLean's resignation will take effect following the conclusion of the Annual General Meeting.

A search for a replacement has been initiated and a review of potential candidates is underway. Further announcements will be made in due course.

The Board would like to thank John for his significant contribution to Aquatic Foods, in particular his important role in the preparation of Aquatic Foods for its Admission to AIM.

- Ends -

For further information:

 
 Aquatic Foods Group Plc 
 Sean Lim, Finance Director   Tel: +44 (0) 20 7398 7719 
                                  www.aquatic-foods.com 
 
 
 SP Angel Corporate Finance LLP 
  Nominated Adviser and Broker 
 David Facey/ Stuart Gledhill     Tel: +44 (0) 20 3470 0470 
                                          www.spangel.co.uk

Media enquiries:

 
 Abchurch Communications Limited 
 Julian Bosdet / Jamie Hooper /    Tel: +44 (0) 20 7398 7719 
  Canace Wong 
 AquaticFoods@abchurch-group.com      www.abchurch-group.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

END

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