China Food Company PLC Appointment of Executive Director to the Board (3456O)
19 September 2013 - 4:00PM
UK Regulatory
TIDMCFC
RNS Number : 3456O
China Food Company PLC
19 September 2013
Press Release 19 September 2013
China Food Company Plc
("China Food", the "Company" or the "Group")
Appointment of Executive Director to the Board
China Food Company Plc (AIM:CFC), the leading Chinese
manufacturer of cooking and dipping sauces, is pleased to announce
the appointment of Fung Shek ("Jeffrey") LEE to the Board of the
Company as Managing Director (Condiments), with effect from 16
October 2013.
Jeffrey brings to the Board significant sales and distribution
experience with branded consumer companies in Greater China, South
East Asia and the Middle East. He was the Managing Director, North
Asia and Pacific Region, of Lee Kum Kee (International) Trading
Limited., an established market leader of Chinese cooking sauces
with annual turnover of over US$600 million. Jeffrey, who is from
Shandong province and speaks English, Mandarin and Cantonese, will
provide considerable expertise and support to the existing
management team.
Before his role at Lee Kum Kee, Jeffrey was the Head of Sales
& Distribution for China and Hong Kong for Phillip Morris Asia
Limited. Jeffrey holds a BA (Hons) in Language and Communication
from Hong Kong Polytechnic University and a MSc in International
Business from the Chinese University of Hong Kong.
John McLean, Chairman of China Food, said: "We are pleased to
welcome Jeffrey to the Company, as he has considerable and highly
relevant experience that he will bring to the Board at this
exciting stage in China Food's development. His appointment, which
follows the recent appointments of Daniel Saw as Non-Executive
Director and Ricky Mak King Pui as Chief Financial Officer, further
strengthens the team considerably. We look forward to Jeffrey's
input to further drive the business forward."
Fung Shek LEE, aged 44, is a director/partner or has been a
director/partner of the following companies/partnerships during the
previous five years:
Lee Kum Kee (International) Trading Ltd
Lee Kum Kee (Malaysia) Sdn Bhd
Save for the information disclosed above there is no other
information to be disclosed on Fung Shek LEE under Schedule 2(g) of
the AIM Rules.
- Ends -
For further information:
China Food Company Plc
John McLean, Chairman Tel: +44 (0) 7768 031
454
www.chinafoodcompany.com
Numis
David Poutney - Head of Corporate Tel: +44 (0) 20 7260
Broking 1000
finnCap (Nomad)
Geoff Nash / Ben Thompson (Corporate Tel: +44 (0) 20 7220
Finance) 0500
Simon Starr (Broking)
Media enquiries:
Abchurch Communications
Henry Harrison-Topham / Joanne Tel: +44 (0) 20 7398 7709
Shears
joanne.shears@abchurch-group.com 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
END
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