Sunways AG: Application for delisting of shares / Chairman of the Management Board resigned

Konstanz/Germany (pta020/16.05.2014/15:10 UTC+2) 16 May 2014 - The Management Board of Sunways AG (SWW: GR, SWWG.DE, ISIN DE0007332207) has today taken the decision to initiate the revocation of the admission of the company's shares to trading on the Frankfurt Stock Exchange (delisting). This decision was taken with the consent of Dr. Thorsten Schleich, the insolvency administrator of Sunways AG, as the corporation will not be continued but liquidated. By order of 28 April 2014 the local court of Konstanz had opened insolvency proceedings concerning the assets of Sunways AG.

The shares of Sunways AG are currently admitted to trading in the regulated market of Frankfurt Stock Exchange. The application for revocation of the admission is subject to approval by the Frankfurt Stock Exchange's Management Board. In addition, Sunways AG shares are traded in unregulated markets (OTC) of the stock exchanges in Stuttgart, Munich, Hamburg, Düsseldorf and Berlin. Hence, Management Board and insolvency administrator will also initiate all necessary action to revoke the inclusion of Sunways AG shares in trading on these exchanges. Management Board and insolvency administrator expect that the suspension of trading on the various stock exchanges will take effect in the second half of this year.

Moreover, Hoong Khoeng Cheong, the Chairman of the Management Board of Sunways AG/CEO, today resigned from his Executive Office with immediate effect. Supervisory Board and insolvency administrator were informed accordingly.

(end)

Emitter:	Sunways AG Max-Stromeyer-Straße 160 78467 Konstanz Germany
Contact Person:	Dr. Harald F. Schäfer, inrelon Unternehmens- & Finanzkommunikation
Phone:	+49 69 667741-310
E-Mail:	sunways@inrelon.de
Website:	www.sunways.de
ISIN(s):	DE0007332207 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart