DGAP-Adhoc: Asian Bamboo AG: Appointment of Mr. Peter Sjovall as member of the Management Board and promotion of Mr. Haiyan Jiang to COO

Asian Bamboo AG / Change of Personnel

26.06.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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On 26 June, 2008, the Supervisory Board of Asian Bamboo AG has appointed
Mr. Peter Sjovall as Member of the Management Board of the Company for a
term of office of three years effective from July 1, 2008. Additionally,
the responsibility of the member of the management board, Mr. Haiyan Jiang
has been amended. Mr. Jiang is now acting as Chief Operating Officer for
the Company.

Mr. Sjovall brings with him more than 13 years of experience in financial
markets, financial communication and management in Hong Kong and China.
Prior to joining Asian Bamboo, he was a Director with Brunswick Group in
Hong Kong, where he advised international corporations and Chinese private
and state-owned enterprises on M&A activities, IPO and Investor Relations
matters. Previously he has led several M&A-projects and was Head of
Investor Relations at a major Chinese home appliance maker for three years.
As the CFO of the Company, Mr. Sjovall is directly responsible for Finance
Department as well as Investor Relations. He is an MBA-graduate from the
Stockholm School of Economics.
Mr. Jiang has been Chief Marketing Officer of Asian Bamboo AG since April
2006. He was promoted to COO in order to strengthen the coordination of the
Group’s subsidiaries and assume responsibility for the daily operations of
the Group. Mr. Jiang has more than 15 years of sales and marketing
experience in different manufacturing and trading companies. He holds an
MBA degree from the University of Northern Virginia.

Mr. Lin Zuojun, CEO and founder of Asian Bamboo, commented 'As a
consequence of our fast growth, strengthening the management team has been
one of our key priorities this year. Following the appointment of Mr.
Sjovall as CFO and the promotion of Mr. Jiang to COO, we have the right
management structure in place to execute on our ambitious growth plans.'

For further information, please contact:

Asian Bamboo:

Zhao Tong   +852-9011 8258
Head of Investor Relations

Brunswick Group:      

Hartmut Schumacher  +49-69-24005519
Director, Frankfurt

About Asian Bamboo AG

Asian Bamboo Group is a leading producer of bamboo trees and organic bamboo
shoots in China. Bamboo trees are used in a variety of applications such as
flooring, construction and furniture and bamboo shoots are either sold
fresh or processed as organic food. The vast majority of the Company’s
products are sold in China, however processed bamboo shoots are also
exported to Japan.

The Company signs long-term leases with land owners and currently owns the
rights to 18 bamboo plantations comprising a total acreage of more than
24,700 ha in the Fujian Province, which is one of the main areas for
growing bamboo in the People’s Republic of China.

Asian Bamboo Group’s registered office is located in Hamburg, Germany and
the Company is listed on the Frankfurt Stock Exchange. In FY 2007 Asian
Bamboo Group generated revenues of €14.7 million and an adjusted net profit
of € 6.7 million. As of 31 December 2007, Asian Bamboo Group had
approximately 300 employees.

Further information on Asian Bamboo AG, please visit the Company’s web-site
at: www.asian-bamboo.com

Contact:
BRUNSWICK GROUP GMBH
Hartmut Schumacher
Tel.:0049-69 24 00 55 19
Fax: 0049-69 24 00 55 55
hschumacher@brunswickgroup.com


DGAP 26.06.2008 
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Language:     English
Issuer:       Asian Bamboo AG
              Stadthausbrücke 1-3
              20355 Hamburg
              Deutschland
Phone:        +49 40 37644 798
Fax:          +49 40 37644 500
E-mail:       cornelia.dieker@asian-bamboo.de
Internet:     www.asian-bamboo.de
ISIN:         DE000A0M6M79, DE000A0M6M79
WKN:          A0M6M7, A0M6M7
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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