DGAP-Adhoc: Youbisheng Green Paper AG appoints new CFO


Youbisheng Green Paper AG  / Key word(s): Change of Personnel

11.11.2013 10:40

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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Youbisheng Green Paper AG appoints new CFO

Munich, 11 November 2013 - The Supervisory Board of Youbisheng Green Paper
AG has appointed David Tsui as the new Chief Financial Officer. He succeeds
Clement Hoo, who resigned his position with effect of 01 September 2013 but
continued to support the Group as an advisor.

David Tsui (53) has long and proven experience in accounting and finance.
He was Finance Director at several companies with stock exchange listings
abroad. Among others, he has worked for Dragon Sportswear Holdings Ltd. and
Asia Ceramics Holdings Plc. His professional career has also included
management positions in auditing and consultancy.

David Tsui is Australian. He has the qualification as Chartered Accountant
in Australia (ACA) and holds a Master of Economics from Macquarie
University Sydney.


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Information and Explaination of the Issuer to this News:

About Youbisheng Green Paper AG

Youbisheng Green Paper AG is the German holding company of a Chinese
clean-tech leader of eco-friendly produced linerboard from up to 100 per
cent recovered fibres. The high-quality linerboard innovations of
Youbisheng take up a special position in the Chinese market and are
produced in the own production plant near Quanzhou City. They are used in
the packaging industry in the Fujian and Guangdong Province (together about
141 million inhabitants), especially for visually attractive sales
packaging and carrier bags of high-quality consumer goods.

Youbisheng has been operating as a paper producer since 2000. In fiscal
year 2012 and with its production plants operating at full capacity, it
manufactured almost 150,000 metric tons of linerboard, making it one of the
biggest linerboard producers in Fujian and Guangdong Provinces.
 

For further information:

Kirchhoff Consult AG
Sebastian Bucher
Phone: +49 (0)40 60 91 86 18
sebastian.bucher@kirchhoff.de

Youbisheng Green Paper AG
Gustav-Heinemann-Ring 44
81739 Munich
Germany
contact@youbisheng-greenpaper.de

Disclaimer concerning prognoses

This communication contains forward-looking statements Forward-looking
statements are statements that are not historical facts instead they
reflect the current views and expectations of Youbisheng Green Paper AG and
the assumptions underlying them about future events. Forward-looking
statements are subject to many risks and uncertainties. If any of such
risks and uncertainties materialize or if the assumptions underlying any of
the forward-looking statements of Youbisheng Green Paper AG are proving to
be incorrect, the actual results of Youbisheng Green Paper AG may be
materially different from those expressed or implied by such
forward-looking statements. Youbisheng Green Paper AG does not intend or
assume any obligation to update these forward-looking statements. Any
forward-looking statement speaks only as of the date on which it is made.

11.11.2013 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:      Youbisheng Green Paper AG
              Gustav-Heinemann-Ring 44
              81739 München
              Germany
Phone:        089 - 451 63992
Fax:          089 - 451 63993
E-mail:       contact@youbisheng-greenpaper.de
Internet:     www.youbisheng-greenpaper.de
ISIN:         DE000A1KRLR0
WKN:          A1KRLR
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf
 
End of Announcement                             DGAP News-Service
 
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