World Trade Systems PLC Directorate Change (3955E)

TIDMWTS

RNS Number : 3955E

World Trade Systems PLC

07 May 2017

World Trade Systems plc - Director Changes

World Trade Systems plc ("WTS" or "Company"), listed on the London Stock Exchange, has appointed Mr John Anthony ("Tony") Hoskinson to its Board as a Non-Executive Director with immediate effect. WTS is a UK based company which has established a subsidiary in Suzhou, China, to engage in the manufacture and distribution of health food products.

Mr Hoskinson has international experience from sectors that include mining, energy, property and services throughout a career that has spanned more than 50 years. He has served on the boards of both private and publicly listed companies during that time which have operated in the UK and internationally.

Mr Hoskinson commented: "I am delighted to be joining the Board of World Trade Systems. It has an excellent management team and has a well-defined strategy for growing the business in its chosen markets. I am looking forward to helping the Company achieve its ambition of distributing its health food products to a wider market in China, and to identify and develop new products which will also be suitable for European and International markets.

The Company also announces that Ms Clio Lee has resigned as a non-executive director with immediate effect.

Shao Chen, Group Vice Chairman of World Trade Systems, commented: "We are very pleased that Mr Hoskinson has agreed to join the Board of our Company. His business experience will provide me and the rest of the executive team with a valuable sounding board. He also has a range of contacts in the UK and continental Europe that we can work with to build value for our shareholders as we develop the business going forward.

We would also like to thank Ms Clio Lee for all of her efforts in helping the Company to progress to its current status."

Ends

For further information, please contact:

AKM Ismail, Executive Director, [e-mail]

Information for Mr Hoskinson:

Current Directorships Previous Directorships (last 5 years)

   Giltspur Finance Ltd                                            Incor Holdings plc 
   Global Biotech Network Ltd                                  Murraybrook Minerals plc 

Hithewalk Ltd

London & Globe Corporation Ltd

Trans Canadian Resources Ltd

Trojan Investments Ltd

There is no further information required to be disclosed pursuant to Listing Rule 9.6.13R.

About World Trade Systems plc

WTS is a health food products company that develops, manufactures and distributes health food products targeted at mid/high end consumers. Having previously had no business activities for a number of years, the Company began its current business activities in July of 2016 and is in the process of applying for a re-listing of its shares on the Standard Segment of the Official List of the Financial Conduct Authority.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 08, 2017 02:00 ET (06:00 GMT)