Press Release 25 November 2013 China Food Company Plc

("China Food", "Group" or the "Company")

Update on sale of Animal Feed business

China Food Company Plc (AIM:CFC), a leading Chinese manufacturer of cooking and dipping sauces, today provides an update on the sale of its animal feed business.
As previously announced, the Board has appointed PwC Beijing to manage the sale of this business. Following the initial teaser documents that were distributed, the Group is pleased to announce that a detailed Information Memorandum and financial projections have now been sent to those parties who have already expressed interest.
PwC Beijing is in contact with potential investors both in China and internationally, and the
Board is pleased to be entering into the next phase of the process.
Operationally, the feed business continues to show growth in sales and is making a positive contribution to the Group. The Board looks forward to providing a further update on the progress of the sale of this business as appropriate, and is pleased to confirm that that the process is on track with the timing that has been outlined previously, with the sale expecting to conclude by summer 2014.

- Ends - For further information: China Food Company Plc

John McLean, Chairman Tel: +44 (0) 7768 031 454
www.chinafoodcompany.com

finnCap

Geoff Nash / Ben Thompson (Corporate Finance) Tel: +44 (0) 20 7220 0500

Simon Starr (Broking)

Numis Securities

David Poutney (Joint Broker) Tel: +44 (0) 20 7260 1000

Media enquiries: Abchurch Communications

Henry Harrison-Topham / Joanne Shears Tel: +44 (0) 20 7398 7702 henry.ht@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 £32 million (as at 30 June 2013), the prospects for China Food are strong. Further
information on China Food Company can be found at www.chinafoodcompany.com .

distributed by