Sunways AG: Sunways AG to file for the opening of insolvency proceedings

Konstanz/Germany (pta022/20.03.2014/23:50 UTC+1) 20 March 2014 - Due to illiquidity of the company, the Management Board of Sunways AG (SWW:GR, SWWG.DE, ISIN DE0007332207) has today taken the decision to file with the Konstanz local court tomorrow for the opening of insolvency proceedings. The application will concern the assets of all German Group companies, i.e. Sunways AG with registered office in Konstanz and its wholly owned subsidiary, Sunways Production GmbH with registered office in Arnstadt, Germany. Ultimate objective is an insolvency plan procedure that allows the preservation of Sunways AG as an exchange-listed stock corporation on the basis of a viable restructuring plan and an arrangement with the creditors of the company. The Board is already in talks with potential investors and will continue these talks regardless of the filing.

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Emitter:	Sunways AG Max-Stromeyer-Straße 160 78467 Konstanz Germany
Contact Person:	Hoong Khoeng Cheong, Chairman of the Management Board/CEO
Phone:	+49 7531 996 77-415
E-Mail:	communications@sunways.de
Website:	www.sunways.eu/en
ISIN(s):	DE0007332207 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart