EANS-Adhoc: Sunways AG
Scheduled publication dates for financial reports have
been postponed
27.04.2012 – 17:23
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- annual report 27.04.2012 Konstanz/Germany, 27 April 2012 - Sunways AG (SWW:GR, SWWG.DE, ISIN DE0007332207) is postponing the publication of its financial statements and consolidated financial statements as well as of the other documents relating to the annual financial report of Sunways AG for the fiscal year 2011 which had been scheduled for 30 April 2012. In this context, the publication date for the 2012 1st quarter financial report of Sunways AG (Q1 report 2012) will also be postponed. The new publication date is expected to be 31 May 2012. Accordingly, the annual general meeting of Sunways AG will be postponed to late July/early August 2012. This decision was made today upon intensive consultations between the Management Board and the Supervisory Board. Sunways AG expects to announce the precise publication dates at short notice. The postponement is based on the fact that, in connection with LDK Solar Germany Holding GmbH's recent acquisition of a majority stake in Sunways AG, various matters affecting the preparation of the financial statements and consolidated financial statements have arisen that still need to be clarified. These include the result of ongoing negotiations with a major supplier about the terms of a supply contract entered into with the latter and the resulting consequences concerning the consideration of this contract in the financial statements as well as the outcome of talks on the future funding structure with the new majority shareholder and relationship banks of Sunways AG. Further inquiry note: Dr. Harald F. Schäfer Head Corporate Communications and Investor Relations Tel.: +49 (0)7531 996 77-415 E-Mail: communications@sunways.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Sunways AG Macairestr. 3 - 5 D-78467 Konstanz phone: +49 (0)7531 99677 0 FAX: +49 (0)7531 99677 10 mail: info@sunways.de WWW: http://www.sunways.eu/de sector: Alternative energy ISIN: DE0007332207 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English