DGAP-News

Ultrasonic AG: Ultrasonic AG holds successful AGM - Seite 2

there should not be a change and supported Mr. Wu's countermotion. Having
examined several offers, BDO AG was selected on the basis of its good
reputation.

Actions of the Management Board and Supervisory Board ratified

The AGM ratified the actions of the Management Board and Supervisory Board
with a majority of over 99.9%. The proposal on the appropriation of the
profit was approved by an equally clear majority. By contrast, no vote was
taken on item 8 on the agenda (Resolution on authorization to issue
convertible and/or warrant bonds, participation rights and/or income bonds
and/or a combination of these instruments, possibly under exclusion of
subscription rights, creation of conditional capital, and the corresponding
amendments to the articles of association). The Supervisory Board and
Management Board see a need for further clarification with the shareholders
and therefore withdrew their proposal at the start of the AGM.

At 4.30 p.m., Dr. Johannes Mauser, Chairman of the Supervisory Board,
closed the AGM, which had run very smoothly. The presentation given at the
AGM and details of the votes are available on the company's website at
Investor Relations/Annual General Meeting.


About Ultrasonic

The Cologne-based company Ultrasonic AG is the German holding company of
the Chinese ULTRASONIC Group, an established manufacturer and supplier of
high-quality branded urban footwear. The Group has over 1,400 employees and
operates in three main market segments, each of which currently contributes
about a third of revenue. ULTRASONIC produces sandals and slippers for the
upper price segment for the local and international market. It is also a
long-term supplier of shoe soles to leading manufacturers in the
established Chinese sport shoe industry such as Anta, Xtep and Unisuper.
Moreover, the company has developed its own very successful high-quality
urban footwear collection which is marketed under the ULTRASONIC brand and
targets China's young, fashion-conscious urban middle class, which has high
purchasing power and expects high quality. The ULTRASONIC product line is
currently marketed via more than 110 mono-label shops.

For further information about the company visit: www.ultrasonic-ag.de/en


For enquiries:

Ultrasonic AG
Chi Kwong Clifford Chan
Member of the Management Board and CFO
E-Mail: [e-mail]
Tel.: [phone] (China), [phone] (Hong Kong)


Disclaimer:

This document is no offer for the purchase of securities in the United