DGAP-News

Vtion Wireless Technology AG mastered a challenging year with headwinds in the core market - Seite 2

particularly with mobile applications, offered by Vtion Anzhou's VMarket
and partner sales platforms, remained low. Therefore the Management Board
decided to sell the 100 per cent of equity stake of its subsidiary Vtion
Anzhou to the Vtion Anzhuo management team via a Management Buyout (MBO) in
March 2015.

"We monitor our markets constantly and survey potential amendments of
Vtion's strategic focus. Given that our newest business segments are
progressing slower than originally planned, we will rely on continuing
hardware sales to sustain the company during this transition", says Vtion's
CEO Chen Guping.

Year-on-year the company's EBIT decreased by 36 per cent to EUR 3.2 million
representing an EBIT margin of 7 per cent. Although the group was able to
maintain its profitability as well as a solid cash position due to a lean
cost structure: By the end of the reporting period as of December 31, 2014,
Vtion's cash and cash equivalents amounted to EUR 140.7 million, which
implies a net cash per share of EUR 10.6.

In the light of the company's other financial result and business
development in 2014, the Management Board and the Supervisory Board of
Vtion, jointly decided that they will not propose a dividend payment for
the year 2014 to the Annual General Meeting. In the last three years Vtion
had issued 15 per cent of the previous year's group net profit as a
dividend payment to the shareholders.

Outlook 2015

The Management Board expects 2015 to be a year of further transition and
therefore challenging for the company. Vtion predicts total revenues of
around EUR 37 million with an EBIT margin of approximately 6 per cent.

About Vtion

The Vtion Group is a leading supplier of wireless computing solutions and
products for mobile Internet access via broadband wireless networks in the
People's Republic of China. The company offers industry-specific computing
solutions to the insurance industry through its E-Agency platform. Vtion
Wireless Technology AG shares are being traded in the Prime Standard on the
Frankfurt Stock Exchange with the ISIN DE000CHEN993. The company's ticker
symbol is V33.

For further information, please contact:
Kirchhoff Consult AG
Andreas Friedemann, phone: [phone], mail:
[e-mail]
or visit the company website: www.vtion.de