Camkids Group PLC Directorate Change (4686M)
May 07 2015 - 4:30AM
UK Regulatory
TIDMCAMK
RNS Number : 4686M
Camkids Group PLC
07 May 2015
Camkids Group plc
("Camkids", the "Company" or the "Group")
Director resignation
Camkids Group plc (AIM: CAMK), a leading Chinese designer,
manufacturer and distributor of branded outdoor clothing, footwear
and equipment for children and teenagers, announces that Richard
Sweet has resigned as a non-executive director of Camkids with
immediate effect.
In tendering his resignation, Mr Sweet has cited that the
principal reason behind his decision was as a result of a
disagreement in investor strategy and dividend policy between the
Executive and Non-Executive Directors of Camkids.
Camkids thanks Mr Sweet for his service over the last few years
and intends to appoint a replacement UK based Non-Executive
Director as soon as a suitable candidate is identified. Further
announcements will be made at the appropriate time.
- Ends -
For further information:
Camkids Group plc
Zhang Congming, Executive Chairman Tel: +44 (0) 20 7653
9850
Ng Pei Eng, Chief Finance Officer www.camkids-ir.com
Allenby Capital Limited
Alex Price / James Reeve / Nick Tel: +44 (0) 20 3328
Athanas 5656
a.price@allenbycapital.com www.allenbycapital.com
Media enquiries:
Newgate
Adam Lloyd / Robyn McConnachie Tel: +44 (0) 20 7653 9850
/ Jasper Randall
Notes to editors
Camkids is a leading Chinese designer, manufacturer and
distributor of branded outdoor clothing, footwear and equipment for
children and teenagers.
Based in Fujian province in China, the Group focuses on
children's sportswear for outdoor activities, combining
functionality and innovation. The products are mid-range price
based, targeting mid- and high-range markets within China.
The three main product areas are:
-- Camkids outdoor clothing - all weather jackets, waterproof
trousers, shirts, tops and T-shirts, woollen sweaters, jeans,
trousers shorts and skirts;
-- Camkids footwear - hiking boots, outdoor leisure footwear,
flip-flops, sandals and boots
-- Camkids equipment and accessories - telescopes, backpacks,
technical packs, tents, sleeping bags, headgear, caps, kettles,
headlights and torches.
The Group designs its entire product range and manufactures the
majority of its footwear. Outdoor apparel and accessories are
currently manufactured by third party OEMs.
Camkids' primary route to market for the sale of its products is
through its network of distributors. The Group has established an
extensive distribution network across 29 provinces, 4
municipalities and 5 autonomous regions within the PRC and is
successfully expanding its presence in tier 3 and tier 4 cities.
The Group has 17 authorised distributors operating over 1,336
franchised retail outlets, and continues to develop its e-commerce
business and currently has over 200 product lines on offer through
its existing online partners of Taobao and JD.com.
Camkids has received a number of prestigious awards. In
September 2014 it was announced that Camkids had been included in
the rankings as one of "The Top 500 Asia Brands". In addition to
this prestigious award, the Group's Chairman has also been honoured
as one of the "Top ten new brand creators in Chinese industry".
For more information please visit www.camkids-ir.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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