Smithfield Foods Announces Senior Management Team Changes

SMITHFIELD, Va. – WEBWIRE

Smithfield Foodsannounced senior management team changes following Chief Operating Officer Brady Stewarts decision to depart the company. Stewart resigned from Smithfield today to accept a position with an industry competitor.

While the company evaluates longer-term organizational changes, members of Smithfields operations team including those leading hog production, manufacturing, fresh pork, business management and sales report to President and CEO Shane Smith, effective immediately.

We have a talented management team and regret the loss of a valued leader like Brady, said Smith. Fortunately, we have a deep bench of senior executives with extensive experience at our company. We thank Brady for his many contributions to Smithfield over the last six years and wish him well.

About Smithfield Foods, Inc.
Headquartered in Smithfield, Virginia, since 1936,Smithfield Foods, Inc.is an American food company with agricultural roots and a global reach. With more than 60,000 jobs globally, we are dedicated to producing Good food. Responsibly. and serve as one of the worlds leading vertically integrated protein companies. We have pioneered sustainability standards for more than two decades, including our industry-leading commitments to become carbon negative in our U.S. company-owned operations and reduce GHG emissions 30% across our entire U.S. value chain by 2030. We believe in the power of protein to end food insecurity and have donated hundreds of millions of food servings to our communities. Smithfield boasts a portfolio of high-quality iconic brands, such as Smithfield, Eckrich and Nathans Famous, among many others. For more information, visitwww.smithfieldfoods.com,

Nissin Foods Wins Bid for Acquiring Equity Interest in Zhuhai Winner at RMB352.44 Million

Nissin Foods Company Limited (“Nissin Foods”, and together with its subsidiaries, the “Group”; Stock code: 1475) announced that its wholly-owned subsidiary Nissin Foods (China) Holding Co., Ltd. (“Nissin Foods China”) has won a bid for 29.55% equity interest in Zhuhai Golden Coast Winner Food Products Limited (“Zhuhai Winner”) (the “Proposed Acquisition”) at RMB352.44 million.

An indirect subsidiary of Nissin Foods, Zhuhai Winner is 70.45% owned by Winner Food Products Limited, a wholly-owned subsidiary of the Company, and 29.55% owned by Zhuhai Western Development Co. Upon completion of the Proposed Acquisition, Zhuhai Winner will become an indirect wholly-owned subsidiary of Nissin Foods.

Zhuhai Winner is a manufacturer and distributor of instant noodles for Nissin Foods. Its principal activities include production and sale of instant noodles, seasonings, paper food containers and plastic packaging containers.

Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “We believe the Proposed Acquisition, if materialised, will give us greater flexibility to deploy production capabilities in Hong Kong and Mainland China to respond to market demand and the changing business environment. It will also present a good opportunity to the Group to advance our instant noodles production and distribution, as well as seize the long-term growth trends in the Mainland China, which will in turn bolster the Group’s overall income and profitability. The move is also proof of our long-term commitment to the instant noodles business in Hong Kong and Mainland China which is in line with our strategic direction.”

About Nissin Foods Company Limited

Nissin Foods Company Limited (The “Group”; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium food brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first-and second-tier cities.

Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk.

For media enquiries:

Nissin Foods Company Limited

Public Relations Department

Blanche Wong / Mabel Tan

Email: pr@nissinfoods.com.hk

For investor enquiries:

Nissin Foods Company Limited

Investor Relations Department

Shingo Yamazaki / Fanny Yan

Email: ir@nissinfoods.com.hk

Strategic Financial Relations Limited

Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk

Aggie Fang Tel: (852) 2114 4987 Email: aggie.fang@sprg.com.hk

Maggie Ko Tel: (852) 2864 4890 Email: maggie.ko@sprg.com.hk






Topic: Press release summary



Matriark Foods Launches World’s First Carbon Neutral, Upcycled Pasta Sauce to Tackle $1 Trillion Food Waste Problem

The company is launching three flavors, Gentle Marinara, Tomato Basil and Spicy Arrabbiata, made with fresh tomatoes that would have otherwise ended up in the landfill

New York, NY – WEBWIRE



Matriark Foods, an upcycled food company creating access to healthy food from excess, today launches the world’s first carbon neutral, upcycled certified pasta sauces. Starting with three flavors, the climate-friendly pasta sauces will be launching at retail locations across the Northeast as well as with Imperfect Foods and Hive, a sustainable online marketplace. The premium sauces are vegan, non-GMO, free from the top eight allergens and have no added sugar.



Each year, a third of food produced is lost or wasted globally. This amounts to about 1.3 billion tons per year, worth approximately $1 trillion. This massive waste of food and water results in 170 million metric tons of greenhouse gases emitted into the atmosphere, just from the U.S. alone. That’s the equivalent of 36.6 million cars on the road for one year.



Inspired by her work as Executive Director for The Sylvia Center, a food-education program that collaborated with farmers, institutions, funders, and foundations committed to solving food insecurity, Anna Hammond founded Matriark Foods. Matriark‘s vision is to scale access to healthy food for the benefit of people and the environment by transforming farm surplus and fresh-cut remnants into healthy vegetable products.



With the launch of its line of pasta sauces, the company aims to empower consumers to take climate action in their daily life. With every 18-ounce carton, 0.4 pounds of tomatoes are diverted from landfills and 50 gallons of water are saved. Additionally, results from Planet FWD’s Life Cycle Analysis found that Matriark sauces have 37% lower emissions per carton due to the use of upcycled tomatoes and lower emissions packaging compared to conventional tomato sauce in glass packaging. The company is starting with pasta sauce, as tomatoes are one of the highest emitters of greenhouse gasses of any produce in landfills.



“Beyond creating delicious, climate-friendly products, our ultimate goal is to invigorate and accelerate a transformation of our food system. We want to create a domino effect by empowering consumers to prevent food waste with the products they buy and to inspire all brands to support a more resilient and efficient food system that addresses the climate crisis,” expressed Anna Hammond, founder and CEO of Matriark Foods. “We’re proud to partner with Planet FWD, the most robust solution on the market for consumer brands and, like Matriark, a woman-founded company, to further our vision and deepen our commitment to people and the planet.”



Available in Gentle Marinara, Tomato Basil and Spicy Arrabbiata, Matriark’s pasta sauces are made with tomatoes grown by US farmers. Matriark purchases tomatoes that have already been harvested, are too ripe for certain specs, too big, too small, or have a minor blemish. This creates extra revenue for farmers while keeping usable tomatoes out of the landfill.



“Matriark Foods continues to challenge the status quo of the US food supply chain by launching new products that upcycle vegetables that would have otherwise gone to waste, while also creating ways for consumers to take action on climate change. This is tremendously important to me both as an investor and a mother,” shared Julie McDermott. “Anna and her team are creating climate optimism and their work will inspire others to follow their lead.”



To take climate action through your food choices, find Matriark’s pasta sauce near you or visit matriarkfoods.com. To follow along, find @matriarkfoods on Instagram.



About Matriark Foods

Founded by Anna Hammond, Matriark Foods is boldly changing food systems for the benefit of future generations. Matriark Foods upcycles farm surplus and fresh-cut remnants into healthy, delicious, low sodium vegetable products for schools, hospitals, food banks and other foodservice, and retail. All Matriark products are Upcycled Certified, and the impact of their products are third-party verified. The company has a line of carbon neutral, upcycled pasta sauces available in retail, alongside several plant-based products available in foodservice. Matriark Foods is a 1% for the Planet member and is a Certified Women-Owned Business. To learn more, visit: matriarkfoods.com

Tyson Foods Invests $200 Million in Amarillo Beef Plant

. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.TysonFoods.com.