sunways AG

EANS-News: New Supervisory Board members at Sunways

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Management Changes/Company Information

Konstanz/Germany (euro adhoc) - Konstanz/Germany, 06 February 2013 - Following a
relevant suggestion from the company, Xiaofeng Peng (Hong Kong, People's
Republic of China) and Dr. Yuepeng Wan (Xinju, Jiangxi, People's Republic of
China) were appointed as members of the Supervisory Board of Sunways AG (SWW:GR,
SWWG.DE, ISIN DE0007332207) by the local court of Freiburg im Breisgau. Xiaofeng
Peng will take on the office of Chairman, Dr. Wan that of Deputy Chairman of the
Supervisory Board. Additional member of the three-person board is Bing Zhu
(Shanghai, People's Republic of China). The new Supervisory Board members had to
be court appointed upon the resignation of Otto Mayer and Andreas Görwitz who
had stepped down from office of their own volition for personal reasons as of 31
January 2013. The appointment of the two new Supervisory Board members by the
local court will be valid until the next annual general meeting. 

"I am pleased that the suggestion was taken up by the local court. I would like
to take this opportunity to extend a warm welcome to the new Supervisory Board
members in the name of the entire Management Board of Sunways", said Mario Zen,
Chairman of the Management Board/CEO.

Xiaofeng Peng is the Executive Chairman of the Board of LDK Solar Co., Ltd., the
parent company of LDK Solar Group. He founded the company in 2005. Dr. Wan is
the Chief Technology Officer of LDK Solar Co., Ltd. He has a Ph.D. degree in
mechanical engineering from Aachen University of Technology, Germany. Bing Zhu
is the Chief Strategy Officer of LDK Solar Co., Ltd. and was elected to the
Supervisory Board by the shareholders at the last annual general meeting of
Sunways AG on 30 August 2012.

This press release is also available on as well as at

About Sunways

Sunways provides innovative products and solutions for harnessing solar energy
(photovoltaics). Alongside high-performance components for standard applications
(solar modules and inverters), the company also offers design-oriented solutions
for special applications, such as semi-transparent and coloured solar cells for
building-integrated photovoltaics. The company headquarters are in Konstanz, at
the western end of Lake Constance in Germany. Other locations are Sunways
Production GmbH in Arnstadt, Germany and branch offices in Bologna, Italy and
Barcelona, Spain. Sunways currently employs a total of approximately 270 people
and posted sales revenues of over EUR 116 million for 2011. Sunways AG shares
(SWW:GR, SWWG.DE) are traded on the Frankfurt Stock Exchange. Since 2012, LDK
Solar Group, one of the ten largest photovoltaics companies in the world in
terms of revenues, has held a majority stake in Sunways. For further
information, see

About LDK Solar

LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated manufacturer
of photovoltaic products. LDK Solar manufactures e.g. polysilicon, mono and
multicrystalline wafers, solar cells, and solar modules. LDK Solar's
headquarters and principal manufacturing facilities are located in Hi-Tech
Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China.
For more information about LDK Solar and its products, please visit

Further inquiry note:
Dr. Harald F. Schäfer
Leiter Unternehmenskommunikation und Investor Relations
Tel.: +49 (0)7531 996 77-415

end of announcement                               euro adhoc 

company:     Sunways AG
             Max-Stromeyer-Str. 160
             D-78467 Konstanz
phone:       +49 (0)7531 99677 0
FAX:         +49 (0)7531 99677 10
sector:      Alternative energy
ISIN:        DE0007332207
indexes:     CDAX, Technology All Share, General All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/general standard: Frankfurt 
language:   English

Weitere Meldungen: sunways AG

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