Aquatic Foods Group PLC Result of AGM (6137E)

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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.

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For further information:

 
 Aquatic Foods Group Plc 
 Dr Wang Shaodong, Non-Executive Chairman   Tel: [phone] 
                                                www.aquatic-foods.com 
 
 
 SP Angel Corporate Finance LLP 
  Nominated Adviser and Broker 
 Stuart Gledhill / David Facey    Tel: [phone] 
                                          www.spangel.co.uk 
 

Media enquiries:

 
 Abchurch Communications Limited 
 Julian Bosdet / Canace Wong       Tel: [phone] 
 [e-mail]      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

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July 19, 2016 07:49 ET (11:49 GMT)