Sunways AG: Insolvency plan procedure unlikely from today's perspective

Konstanz/Germany (pta021/03.04.2014/21:35 UTC+2) 3 April 2014 - On 21 March 2014 the local court of Konstanz at the request of the Management Board of Sunways AG (SWW:GR, SWWG.DE, ISIN DE0007332207) instituted preliminary insolvency proceedings concerning the assets of the company and its hundred percent subsidiary, Sunways Production GmbH with registered office in Arnstadt/Germany. At the opening of the proceedings the Management Board declared the objective to preserve Sunways AG as an exchange-listed stock-corporation in connection with an insolvency plan procedure. In the meantime, the contacts with potential investors were continued as announced. The preliminary insolvency administrator appointed by the court was involved in these discussions. From today's perspective the results let it appear more probable that a transferring reorganization will result. In this case, the stock-exchange listing of the company in its present form would probably not be preserved.

The shares of Sunways AG are currently admitted to trading on the regulated market at Frankfurt Stock Exchange (General Standard segment). Due to termination of the contract, trading support by a so-called Designated Sponsor to ensure continuous trading on Xetra is to expire with effect of 9 April 2014. Therefore, the Management Board of Sunways AG expects Deutsche Börse AG to suspend continuous trading of the company's shares in the electronic trading system Xetra at that time.

(end)

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