7th May 2015 09:30
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 Athanas | Tel: +44 (0) 20 3328 5656 |
www.allenbycapital.com |
Media enquiries:
Newgate | |
Adam Lloyd / Robyn McConnachie / Jasper Randall | Tel: +44 (0) 20 7653 9850 |
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.
Related Shares:
CAMK.L