DGAP-Adhoc: Youbisheng Green Paper AG appoints new Chief Executive Officer

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| Source: EQS Group AG
Youbisheng Green Paper AG  / Key word(s): Change of Personnel

01.08.2014 19:37

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

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Hamburg, 1 August 2014 - Due to the continuing unknown whereabouts of the
current Chief Executive Officer of Youbisheng Green Paper AG, Haiming
Huang, he was relieved of all of his duties with immediate effect by
Supervisory Board decision. At the same time, the Supervisory Board
appointed his brother, Haibo Huang, as new Chief Executive Officer who,
together with local entrepreneur Lam Nan Lung, already ran the daily
business of Youbisheng Green Paper AG within the last weeks. As new CEO,
Haibo Huang will be in charge of the operating day-to-day business while
Lam Nan Lung will be particularly responsible for the future strategic
direction of the company.

Youbisheng Green Paper AG currently considers possible ways to service the
liquidity needs of the German AG and will publish news considering the
Annual General Meeting to be held and the half-year report to be published
as soon as the new management of the company has gained a clearer insight
into the actual situation. The Supervisory Board particularly expects the
new management to provide comprehensive information about the actual
financial and cash situation of the group after the resignation of the
former CFO David Tsui end of July.


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Information and Explaination of the Issuer to this News:

For further information please contact:

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

Youbisheng Green Paper AG
c/o HRG Hansische Revisions-Gesellschaft mbH 
Wirtschaftsprüfungsgesellschaft
Ferdinandstrasse 25
20095 Hamburg
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.

01.08.2014 The DGAP 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
              c/o HRG Hansische Revisions-Gesellschaft, Ferdinandstraße 25
              20059 Hamburg
              Germany
Phone:        +49 (0)40 60 91 86 0
Fax:          +49 (0)40 60 91 86 60
E-mail:       ir@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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