EANS-News: New Supervisory Board members at Sunways
06.02.2013 – 14:44
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 http://www.sunways.eu/en as well as at http://www.presseportal.de/pm/57666/sunways-ag. 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 http://www.sunways.eu/en. 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 http://www.ldksolar.com. Further inquiry note: Dr. Harald F. Schäfer Leiter Unternehmenskommunikation und Investor Relations Tel.: +49 (0)7531 996 77-415 E-Mail: communications@sunways.de 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 mail: info@sunways.de WWW: http://www.sunways.eu 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