JQW PLC Chairman of JQW honoured with Yangzhou Award 2013

TIDMJQW

JQW PLC

04 March 2014

 
 Press Release    4 March 2014

JQW plc

("JQW" or the "Group")

Chairman of JQW honoured with 2013 Yangzhou People Award

JQW plc (AIM:JQW), a domestic Chinese B2B e-commerce business, is pleased to announce today that the Group's Chairman, Mr Yongde Cai, is a winner of the 2013 Yangzhou Top Ten People Award. This award is an honour that is presented to individuals who have made significant contributions to their field during the past year.

Mr Cai has received this award for his work in the e-commerce sector, more specifically for his influence in the growth of e-commerce within the Chinese market. Under Mr Cai's leadership, JQW has become well recognised and is seen as a highly valued enterprise by the local government. A highlight of the Group's year was its successful listing on the AIM market of the London Stock Exchange.

The award is organised by various groups including the Yangzhou Municipal, Yangzhou Daily News, the Education Bureau of Yangzhou and Yangzhou Media Group. The selection process for the award consists of gaining recommendations by local authorities from all districts of Yangzhou Municipal. The candidates are assessed and evaluated by representatives from each organising group, leaving the top ten to be voted by residents of Yangzhou Municipal.

Commenting on the award win, Mr Yongde Cai, said: "JQW is eager to continue providing innovative premium services to its users, as well as actively participating in social welfare activities. We will continue to endeavor to make JQW one of the best e-commerce enterprises at a global level, with particular emphasis, as we grow, on enhancing the development of our structure - the Group's management, corporate governance and internal controls to ensure the Group's long term healthy development."

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http://www.rns-pdf.londonstockexchange.com/rns/3863B_-2014-3-3.pdf

- Ends -

For further information:

 
 JQW plc 
 Yongde Cai, Chairman                     Tel: +44 (0) 20 7398 
                                                          7709 
 Daocai "Peter" Chen, Chief Executive           www.jqw-ir.com 
  Officer 
 Wei Boon Kooi, Chief Financial Officer 
 
 
 Argento Capital Markets Limited 
 Alan MacKenzie / Jim McGeever         Tel: +44 (0) 20 7093 
                                                       0353 
 alan.mackenzie@argentocapital.net   www.argentocapital.net 
 
 
 Cairn Financial Advisers LLP (Nomad 
  & Broker) 
  Sandy Jamieson / Liam Murray / Jo    Tel: +44 (0) 20 7148 
   Turner                                              7900 
                                           www.cairnfin.com

Media enquiries:

 
 Abchurch Communications Limited 
 Henry Harrison-Topham / Quincy Allan     Tel: +44 (0) 20 7398 
                                                          7702 
 jqw@abchurch-group.com                 www.abchurch-group.com

About JQW plc

JQW is a leading domestic business-to-business e-commerce provider based in the Chinese province of Jiangsu. The Group's core business is its online B2B platform, www.jqw.com, which has been developed to encourage domestic trade by connecting Chinese SMEs with potential trade partners. Founded in 2004, the platform was developed to help to market Chinese SME's websites. JQW has evolved rapidly to become the second highest ranked B2B e-commerce website[1]and operates, what the director's believe to be, the first dedicated B2B search engine, www.jqw.cn.

JQW offers a low-cost entry point for Chinese SMEs to promote themselves and their B2B products to potential buyers. In order to increase transaction opportunities, JQW offers its clients a broad range of services including website design, commercial search services and advertising.

There are approximately 49 million SMEs in China manufacturing a diverse range of products, accounting for 60% of the country's GDP. The internet usage population of China at June 2013 was 591 million and there is a considerable amount being invested into the country's telecommunications infrastructure. These factors have driven an increased demand for domestic trade of B2B, B2C and C2C e-commerce. With the majority of these SMEs requiring the use of third party B2B e-commerce platforms to promote their businesses and access trade partners, the Board believes that JQW offers a robust and highly reputable branded platform. With exposure in over 50 industry sectors and considerable scope for future growth, JQW is in a strong position to capitalise on the development of this market.

 
 55 million   Product details 
 10 million   Registered users 
 9 million    Companies' details 
 5 million    Page views per day 
 810,000      Sheng-Yi-Tong members with website "shops" 
 500,000      Purchase and sales enquiries per month 
 197,000      Fee-paying members 
 1,300        Internet media relationships 
 700          Rated in the top 700 websites for global website 
               traffic rankings 
 30           Sales agencies 
 2            Second (behind Alibaba) in Chinese B2B website 
               traffic rankings

[1] www.alexa.com and www.iwebchoice.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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