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Successful listing of the shares of Decheng Technology AG at Frankfurt Stock Exchange

DGAP-News: Decheng Technology AG / Key word(s): IPO
Successful listing of the shares of Decheng Technology AG at Frankfurt Stock
Exchange

28.06.2016 / 11:29
The issuer is solely responsible for the content of this announcement.

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CORPORATE NEWS June 28, 2016

Successful listing of the shares of Decheng Technology AG at Frankfurt
Stock Exchange

- Initial share price of EUR 3.60

- CEO Xiaofang Zhu: "This marks the beginning of a new era"

- Dividend payment planned from 2017 on

Cologne, June 28, 2016. Today, the shares of Decheng Technology AG (ISIN:
DE000A1YDDM9; German Securities Identification Number (WKN): A1YDDM; ticker
symbol: 333), have been listed for the first time in the General Standard
Segment of the Frankfurt Stock Exchange. Decheng Technology AG is a fast
growing and highly profitable Chinese manufacturer of polyurethane resin
and additives which are used to enhance the product properties of textiles
and leather. The initial listing price was EUR 3.60, which is EUR 0.10
above the issue price of EUR 3.50. The derived company value at the start
of trading was approx. EUR 107.6 million.

Path of profitable growth to be continued
Decheng Technology AG's CEO, Xiaofang Zhu, rang the stock exchange bell to
mark the begin of trading of the Company's shares. Zhu commented: "This is
a proud day for me and my fellow Board Members. Despite the difficult
conditions due to the UK's decision to leave the European Union we can
celebrate a successful stock market debut. For us, today's listing on the
Frankfurt Stock Exchange marks the beginning of a new era. We are confident
that the listing will help us to continue on our path of profitable growth
in the future. The increase in attention and credibility that comes with a
listing in Germany also facilitates our search for joint ventures as a part
of our mid-term expansion strategy." The proceeds from the IPO amount to
approx. EUR 2.5 million. Half of the proceeds will be assigned to R&D, 20
percent to marketing and 30 percent to working capital.

Distribution of dividends planned from 2017 on
The shares of Decheng Technology AG are equipped with full dividend rights
for financial year 2016. The Company intends to pay dividends from 2017 on.

About Decheng Technology AG
Decheng Technology AG is occupied with the research, development and the
production of polyurethane resin and additives that enhance and improve the
product features of textiles and leather. The production site is located in
Quangang, Fujian Province, People's Republic of China. In fiscal year 2015,
the Company achieved sales of EUR 68.8 million, a net profit (after tax) of
EUR 17.9 million and employed 123 persons. The shares of Decheng Technology
AG are listed in the General Standard Segment of the Frankfurt Stock
Exchange.

Contact
VPC Group
Frankfurt Branch
Bleichstr. 64-66
60313 Frankfurt
Germany
[phone]
[e-mail]


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28.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Decheng Technology AG
Martin-Luther-Platz 26
40212 Düsseldorf
Germany
Phone: [phone]
E-mail: [e-mail]
Internet: www.dechengtechnology.com
ISIN: DE000A1YDDM9
WKN: A1YDDM
Listed: Regulated Market in Frankfurt (General Standard)


End of News DGAP News Service
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475027 28.06.2016