Sunways AG: Purchase offer for the solar inverter business

Konstanz/Germany (pta019/23.04.2014/13:30 UTC+2) 23 April 2014 - On 21 March 2014 the Konstanz local court instituted preliminary insolvency proceedings concerning the assets of Sunways AG (SWW:GR, SWWG.DE, ISIN DE0007332207) with registered office in Konstanz. The preliminary insolvency administrator appointed by the court, Dr. Thorsten Schleich, has today informed the Management Board of Sunways AG about the following fact: Final purchase offers have been presented for a part of the business of Sunways AG. The preliminary creditors' committee and the preliminary insolvency administrator endorse the conclusion of a corresponding purchase contract, as soon as insolvency proceedings will have been opened. It is intended to sign an exclusivity agreement already before with one of the interested parties. The purchase offers relate in particular to the solar inverter business of Sunways AG, including trademark, patents, equipment, inventories and related employees as well as sales and administrative areas. According to the preliminary insolvency administrator the income from the sale of the solar inverter business will however not be sufficient to be able to promise to the shareholders of Sunways AG an even partial repayment of their investment after conclusion of the insolvency proceedings.

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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