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BRIEF-Freedom Foods updates on article relating to China cross border changes

Published 12/04/2016, 11:03 am
Updated 12/04/2016, 11:10 am
© Reuters.  BRIEF-Freedom Foods updates on article relating to China cross border changes
FNP
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April 12 (Reuters) - Freedom Foods Group Ltd FNP.AX :

* FNP article in AFR relating to China cross border changes

* Noted today the article in the Australian Financial Review relating to

changes to China's Commerce cross border law

* Changes announced have no impact on sale of UHT milk through general trade

ecommerce and traditional retail distribution channels in China

* Cost of UHT milk into China will reduce through progressive elimination of

tariffs under the Australia China free trade agreement

* FNP has no current exposure to sales of adult milk powder

* Sales of cereal based products continue to be distributed through cross

border and general trade ecommerce with jd.com and tmall

* Under changes, list of products allowed to enter free trade zone excluded uht

milk products and adult milk powder

* Source text for Eikon ID:nASX9KS4kx

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