New Zealand Coastal Seafoods Limited announced that existing Executive Director and co-founder Mr. Aldo Miccio assuming the role of Chairman. Mr. Miccio is a co-founder of New Zealand Coastal Seafoods and has been instrumental in the Company's growth trajectory to date. He was also imperative in identifying and progressing the recent acquisition of high-end seafood product wholesaler/exporter, Nine Ocean Group based in Cairns, Queensland.

New Zealand Coastal Seafoods Limited announced that Nine Ocean Group executive Mr. Peter Chai undertaking the Managing Director position. Mr. Chai has been involved with Nine Ocean group since its inception and has over 30 years of experience in corporate management. He has held a number of senior roles in various listed entities across Australia, South East Asia and Hong Kong.

His experience includes roles as corporate advisor to the Board of The Merino Wool Company, as well as senior management positions at AIMS Financial Group, Coats Viyella Garments Asia- Pacific, Shakey's International Limited and Byford International Limited. Mr. Chai also served as special assistant to the late Datuk Jaafar Ahmad, former Governor of Central Bank of Malaysia and Central Bank of Namibia. Most recently, he played a pivotal role in the $6bn real estate development project undertaken by Guangzhou R&F Properties Co.

Ltd. in Springfield, Queensland, Australia. Upon completion of the Board restructure, the Company will focus on progressing a number of opportunities to drive growth through NZS' existing operations and Nine Ocean Group's operating business. The Company will leverage Mr. Chai's extensive international network to increase sales, while pursuing a number of domestic sales channels for its high-end seafood products.