“As previously announced, we have successfully completed the necessary steps with respect to the launch of business operations of Sino-German United AG. In the near future we will start our operative business and implement the capital increase which was approved at the last annual general meeting. When this is done, nothing will stand in our way to generate the first revenues in fiscal year 2016. From 2017 on, we are planning to achieve a positive result”, said Ms. Peng Pan, chairwoman of the Management Board of Sino-German United AG.

Sino-German United AG will target different fields of Chinese-German economic cooperation. In this context, particularly German companies which are interested in investments into Sino-German Ecopark Qingdao, an industrial development zone that is managed by Sino-German United Group Co., Ltd., are the main focus of the services, aiming to increase the service exchange between China and Germany. Various trading activities as well as traditional import and export will be the main business. The targeted goods include beer, nutrients, mechanical appliances, and construction material. Further business objects are the organization of trade fairs and conferences as well as consulting services for Chinese and German companies regarding cooperation, foreign investment and HR services. In a first step, Sino-German United AG plans to establish cooperations with German companies (e.g. breweries). The company expects to generate initial, albeit small revenues in 2016. The goal is to generate profits from the resulting trade margins. In view of the necessary start-up costs, no profit is expected in the financial year 2016. Sino-German United AG plans to achieve initial positive results in the financial year 2017, after the trading business has been successfully established in 2016.

The capital measures which were approved by a large majority during the annual general meeting are intended to equip the company with sufficient capital and to balance the existing financial burdens of the former German Brokers AG. The registered capital of German Brokers AG has been reduced in a ratio of 10:1 to €304,488 in the course of the simplified capital reduction which became effective on 23 February 2016. Depreciations have already been balanced successfully and other losses of German Brokers have been covered. The newly registered capital of €304,488 has been fully paid in and is available to the company in its full extent. The relevant cash contribution has been paid by the major shareholder, the Sino-German Ecopark Handels- und Beratungs GmbH (SGE), even though SGE owns only 53.8% of the share capital of Sino-German United AG. SGE is a direct subsidiary of Sino-German United Group Co., Ltd., a Chinese state-owned company located in Qingdao, China. In this context, the stock market listing of the company in the General Standard of Deutsche Börse AG has changed. The new securities identification number is now SGU888. With this, the Stock Exchange has met the company’s wish to use the number eight, which is a lucky number in China standing for harmony and perfection.

The next step is the capital increase which will be implemented by cash contribution to raise the share capital to potential €2,131,416. In the process of the capital increase, every shareholder will be offered an indirect subscription right and can thus avoid a share dilution. The funds which are expected to be generated during the capital increase will be used as an initial funding to start off the operations of the company. In this context it has to be emphasized that SGE as the major shareholder will participate in this capital increase and will thereby provide the required capital which is essential for the launch of the business operations.

For further details as well as frequent updated information about Sino-German United AG, please visit the company website: www.sgu-ag.de

The Sino-German United AG (SGU) is located in Munich, Germany. The main business objects of the company in the future will be import and export as well as general trade between China and Germany. Potential products are German beers, food products, mechanical equipment and construction materials. Further business objects are the organization of trade fairs and conferences as well as the provision of consulting services to German and Chinese companies in terms of foreign investments and HR services.

The share of SGU is listed in the General Standard at Frankfurt Stock Exchange with the new securities identification number SGU888 and the ISIN DE000SGU8886 and is furthermore traded in the open market at the stock exchanges in Berlin-Bremen, Düsseldorf and Stuttgart. At present, 46.2% of the shares are in free float while 53.8% of the shares are held by Sino-German Ecopark Handel- und Beratungs GmbH.