Sunways AG: Sale of solar inverter business

Konstanz/Germany (pta047/30.04.2014/18:30 UTC+2) 30 April 2014 - The insolvency administrator appointed by the local court of Konstanz today signed a contract concerning the sale of the solar inverter business and the building-integrated photovoltaics business (BIPV) of Sunways AG (SWW GR, SWWG.DE, ISIN DE0007332207) effective presumably on 2 May 2014. The creditors' committee approved the agreement on 29 April 2014. Buyer is an indirect subsidiary of Shunfeng Photovoltaic International Limited. Subject of the contract is in particular the divestment of the solar inverter business and BIPV business of Sunways AG, including brand or name of the company, patents, design, know-how, equipment, inventories and related employees as well as certain selling and administrative areas pertaining to the interverter and BIPV business. Existing liabilities are not covered by the buyer. The proceeds from the sale of the solar inverter business and the BIPV business of Sunways AG are not sufficient to cover a repayment of shareholders' investment in Sunways AG after conclusion of the insolvency proceedings.

Shunfeng Photovoltaic International Limited is an investment holding company whose subsidiaries are principally engaged in solar power generation, development, operation and maintenance of solar power plants, and manufacturing and sales of solar cells, solar modules, solar wafers and related products. Shunfeng Group is active in the People's Republic of China, Germany, Canada, Spain, Switzerland, and other countries. Shunfeng Photovoltaic International Limited has been listed on the Main Board of the Hong Kong Stock Exchange since 2011 (1165:HK, 1165.HK). As of 31 December 2013 Shunfeng Group generated total annual revenues of HKD 1,907.4 Mio. (app. USD 177.4 Mio.).

Contacts

Sunways AG
Corporate Communications & Investor Relations
Phone +49 7531 996 77 415
Fax +49 7531 996 77 10
communications@sunways.de

Dr. Thorsten Schleich
Schleich & Kollegen
Maggistrasse 5
D-78224 Singen
Phone +49 7731 591398 0
Fax +49 7731 591398 90
jan.nuebel@schleich-kollegen.de

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Emitter:	Sunways AG Max-Stromeyer-Straße 160 78467 Konstanz Germany
Contact Person:	Corporate Communications & Investor Relations
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