Aquis Farm Gears for Growth with New Look Management Team

Media Release - Wednesday August 2

Aquis Farm has announced a new senior management team, including the appointment of Racing NSW executive Paul Weekes to the position of Chief Financial Officer.

As part of the the changes announced by Aquis Chairman Tony Fung today, Justin Fung will move from Chief Executive Officer to Managing Director with current Deputy CEO Shane McGrath being appointed CEO. Nambok Inthrangansy will remain as Chief Operating Officer and will be joined on the management team by Mr Weekes.

"We have built a significant operation over the last two years that now spans two properties in different states and more than 120 employees," Mr Tony Fung said. "We need a management team with the breadt and depth of experience that will allow us to take the business to the next level."

"I am confient we now have the team to take Aquis Farm into the future and to continue delivering for our partners, clients and staff."

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Mr Weekes joins Aquis from Racing NSW where he has been the head of Racing NSW Country since early last year after serving as the group's Deputy CEO for four years under Brian Judd. Prior to joining Racing NSW he had a long and distinguished career with the Magic Millions.

"I would like to thank Mr Fung for the opportunity to join the Aquis Team. I am very much looking forward to this exciting new challenge and contributing to the continued growth and development ofAquis Farm as a powerhousein the Australian breeding and racingindustry"

"I would also like to acknowledge the support provided by my previous employer Racing NSW Country, Chairman, Bob Pavitt and Racing NSW, Chief Executive Peter V'landys, whose contribution to the betterment of thoroughbred racing is undeniable."

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