China Food Company PLC Senior Management Appointment (6475K)

TIDMCFC

RNS Number : 6475K

China Food Company PLC

01 August 2013

 
   Press Release     1 August 2013 
 

China Food Company Plc

("China Food", the "Company" or the "Group")

Senior Management Appointment

China Food Company Plc (AIM:CFC), the leading Chinese manufacturer of cooking and dipping sauces, is pleased to announce that it has made a key appointment to further strengthen the management of the Company. China Food has appointed a Chief Financial Officer at the senior management level, with immediate effect.

Ricky Mak King Pui, who has been appointed Chief Financial Officer, has significant international experience in working with listed companies. Ricky, who is a Hong Kong CPA, a FCCA, bilingual and based in China, will provide considerable expertise and support to the existing management team. This follows the appointment of Daniel Saw as Non-Executive Director on 31 July 2013, further strengthening the team and bringing additional skills to the Company.

John McLean, Chairman of China Food, said: "The Board is pleased to welcome Ricky to the management team in the role of Chief Financial Officer. This appointment, as well as that of Daniel Saw, marks an important step in enhancing the skills of the Board and management team. We look forward to working with Ricky and Daniel to further drive the business forward."

- Ends -

For further information:

 
 China Food Company Plc 
 John McLean, Chairman       Tel: [phone] 
                                               454 
                          www.chinafoodcompany.com 
 
 
 Numis 
 David Poutney - Head of Corporate      Tel: [phone] 
  Broking                                               1000 
 
   finnCap (Nomad) 
 Geoff Nash / Ben Thompson (Corporate   Tel: [phone] 
  Finance)                                              0500 
 Simon Starr (Broking) 
 

Media enquiries:

 
 Abchurch Communications 
 Henry Harrison-Topham / Joanne     Tel: [phone] 
  Shears 
 [e-mail]      www.abchurch-group.com 
 

Notes to Editors:

China Food is a well-established food manufacturing business based in Shandong province in the People's Republic of China, a region with a population of circa 94 million. A recent report identified Shandong province as one of the five most attractive 'city clusters' in China, due to the high number of large cities in the province*. The Group manufactures numerous different product lines including soya sauce and bean paste, all targeting the Chinese domestic market, and sold through a network of distributors and outlets of supermarket chains in the north-eastern region of the PRC, such as Walmart, Carrefour and Jialejia.

The Chinese sauces, dressings and condiments market is expected to be worth CNY115 billion (US$15 billion) by 2013, driven by Chinese population growth and economic prosperity. The Chinese domestic market is rapidly expanding, and the Group is well positioned to benefit from China's demographic growth and increased urbanisation.

The Group's operations are highly scalable and able to support further growth, and with net assets of GBP32 million (as at 31 December 2012), the prospects for China Food are strong. Further information on China Food Company can be found at www.chinafoodcompany.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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