DGAP-Adhoc: Ming Le Sports AG: Lock-up agreement with CEO and major shareholder Siliang Ding for two years

Ming Le Sports AG  / Key word(s): Disposal

18.07.2013 10:08

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Frankfurt, 18 July 2013 - As announced previously, the CEO and major
shareholder of Ming Le Sports AG, Mr. Siliang Ding, has sold a part of his
stake in Ming Le Sports AG, a rapidly growing branded sportswear company in
China. The total number of shares sold amounted to 2,316,600. These
transactions partially contributed to increase the free float and liquidity
of the Ming Le shares.

With effect from July 18, 2013, Mr. Ding has committed himself to a lock-up
period for his total current stake of Ming Le shares (8,258,400 shares),
which still represents 53.5 per cent of the total share capital of Ming Le
Sports AG. The lock-up agreement between Mr. Ding and the company has a
duration of two years and will end on July 18, 2015.


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Information and Explaination of the Issuer to this News:

About Ming Le Sports AG
Ming Le Sports AG is a rapidly growing branded sportswear company in China
targeting 16 to 35-year-old men and women who lead an urban, vibrant and
active lifestyle. Ming Le's products include footwear, apparel, accessories
and equipment. The company strives to offer comfortable, fashionable and
affordable lifestyle and leisure sportswear. Ming Le designs its own
products and manufactures them at Ming Le's facilities or through contract
manufacturers. Ming Le markets and sells its products through a network of
26 distributors with over 3,900 retail outlets in China. At present, Ming
Le has 1,348 employees.

For further information, please contact: 
Kirchhoff Consult AG
Dr. Kay Baden
Tel: +49(0) 40 609 186 39
Mail: baden@kirchhoff.de

Or visit http://www.mingle-sportswear.com

18.07.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Ming Le Sports AG
              Westhafenplatz 1
              60327 Frankfurt am Main
              Germany
Phone:        
Fax:          
E-mail:       
Internet:     www.mingle.cn
ISIN:         DE000A1MBEG8
WKN:          A1MBEG
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf
 
End of Announcement                             DGAP News-Service
 
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