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