Share Name Share Symbol Market Type Share ISIN Share Description
Haike Chemical LSE:HAIK London Ordinary Share KYG423181083 ORD USD0.002 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +1.33% 38.00p 36.00p 40.00p 38.00p 37.50p 37.50p 5,000 09:36:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 85.1 2.4 0.1 741.8 14.57

HaiKe Chemical Group Ltd. Directorate Change

20/07/2016 7:00am

UK Regulatory (RNS & others)

Haike Chemical (LSE:HAIK)
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RNS Number : 6973E

HaiKe Chemical Group Ltd.

20 July 2016

HaiKe Chemical Group Limited

Directorate Change

HaiKe Chemical Group Ltd. (the "Company" or "HaiKe"), the AIM quoted (AIM: HAIK) specialty chemical company based in Shandong Province, China, announces George Zeng has decided to step down from the Board for personal reasons and, on 18 July 2016, resigned as Chief Financial Officer of HaiKe with immediate effect.

The Board has initiated a comprehensive search for a new Chief Financial Officer, who would be expected to join at Board level, and a further announcement will be made in due course.

Trading Update

The Company also provides an update on trading for the six month period ended 30 June 2016. The improved performance, highlighted in the 2015 Final Results on 31 May 2016, has continued, and for the six months ended 30 June 2016, the Company delivered unaudited revenue and net profit of CNY526.9 million (CNY727.9 million in the same period of 2015) and CNY11.4 million (CNY3.0 million in the same period of 2015) respectively.

Mr. Xiaohong Yang, Executive Chairman, said:

"On behalf of the Board, I would like to sincerely thank George for his commitment and outstanding contribution to the business over the last five years. We wish him and his family well for the future."

                   Yolanda Zhang, Company 
 HaiKe Chemical     Secretary                          +86 158 0546 
  Group        2695 
----------------  ----------------------------------  ---------------- 
 Stockdale         Richard Johnson /                   +44 (0) 20 7601 
  Securities        Antonio Bossi                       6100 
----------------  ----------------------------------  ---------------- 
                   Shan Shan Willenbrock 
                    Emma Crawshaw                      +44 (0) 20 7930 
 Cardew Group               0777 
----------------  ----------------------------------  ---------------- 

This announcement contains inside information.

This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

July 20, 2016 02:00 ET (06:00 GMT)

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