Ultrasonic AG: Qingyong Wu dismissed in China; switch to the General Standard

Cologne (pta014/13.07.2015/11:05 UTC+2) 13 July 2015, Ultrasonic AG:

- Qingyong Wu dismissed as Director in Hong Kong and Legal Representative in China
- Operating subsidiaries still doing business but no reliable information is available
- Switch to General Standard on Frankfurt Stock Exchange
- Hansjörg Plaggemars appointed to the Supervisory Board

Having appointed Dr. Harald Zender and Mr. Harald Wiebe as additional members of the management of China Outdoorwear Holdings Ltd. HK in December 2014, Ultrasonic AG (ISIN DE000A1KREX3, US5) has now revoked the appointment of Mr. Qingyong Wu as Director in Hong Kong and Legal Representative of the Chinese operating subsidiary Suoli China Co. Ltd. ("Suoli"). However, since Suoli's company stamps and business licenses are still in Mr. Wu's possession, this now has to be effected through the courts. The necessary action will be initiated shortly if Mr. Wu fails to cooperate.

The aim is to force the disclosure of reliable information, which has not yet been made available. The task force is in constant contact with the Wu family. In addition, the task force has provided evidence that production is continuing at the operating entities in Jingjiang and at the new production facilities. However, no details of output and the associated revenues are available.

Ultrasonic AG has not been able to meet its reporting obligations due to the lack of information from the Chinese subsidiaries. With the consent of the Supervisory Board and the provisional insolvency administrator, Dr. Christoph Niering, Cologne, on June 24, the Board of Management therefore applied to revoke the admission of the company's shares to trading in the Prime Standard segment of the Frankfurt Stock Exchange, which involves extended disclosure requirements. The purpose of this move is to reduce costs. The application has been accepted by Frankfurt Stock Exchange and takes effect on 13 October 2015. Shares in Ultrasonic AG will still be registered for trading on the regulated market of Frankfurt Stock Exchange (General Standard).

A change has taken place on the Supervisory Board of Ultrasonic AG. Mr. Jianhui Wang stepped down at his own request on 29 May 2015. DELPHI Unternehmensberatung AG has named Mr. Hansjörg Plaggemars as a new member of the Supervisory Board in utilization of its statutory right to a seat on this board. The Supervisory Board now comprises Dr. Johannes Mauser (Chairman), Professor Bin Yang (Deputy Chairman) and Mr. Hansjörg Plaggemars.

Disclaimer:

This document is no offer for the purchase of securities in the United States of America. Securities may only be sold or offered for sale with the previous registration under the U.S. Securities Act of 1933 in the actual valid version or without previous registration only pursuant to an exemption. The shares of Ultrasonic AG (the 'Shares') have not been registered under the U.S. Securities Act of 1933 in the actual valid version and may not be sold or offered in the United States.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). The Shares, which are referred to, are only available to relevant persons and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

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Emitter:	Ultrasonic AG Graf-Adolf-Platz 12 40213 Düsseldorf Germany
Contact Person:	Dr. Harald Zender
E-Mail:	ir@ultrasonic-ag.de
Website:	www.ultrasonic-ag.de
ISIN(s):	DE000A1KREX3 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Stuttgart