DGAP-Adhoc: Fenghua SoleTech AG sets placement price at 10.00 Euro and 42.09 Zloty per share


Fenghua SoleTech AG  / Key word(s): IPO

24.10.2014 17:11

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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Fenghua SoleTech AG sets placement price at 10.00 Euro and 42.09 Zloty per
share

* Allocation of 55,641 shares 
* Listing expected to take place on November 6, 2014 in Frankfurt and on
November 7, 2014 in Warsaw

Frankfurt am Main, October 24, 2014 - Today Fenghua SoleTech AG
(hereinafter "Fenghua") together with its joint lead managers set a
placement price of 10.00 Euro and 42.09 Polish Zloty (exchange rate as of
October 15, 2014: 4.2089 PLN per 1 Euro) for the new shares offered in the
IPO. Thus, the placement price lies at the lower end of the price range of
10.00 to 12.00 Euro or 42.09 to 50.51 Zloty per share.

In the context of the public offering in Germany and Poland Fenghua has
placed a total of 55,641 no par value bearer shares. The company hence will
receive gross proceeds of around 0.6 million Euro (2.34 million Zloty) from
the IPO.

About 64 per cent of the total number of placed shares were allotted to
retail investors. All subscription orders at a price of 10.00 Euro or 42.09
Polish Zloty and above received full allocation.

The allotment within the scope of the offering to retail investors was
carried out in compliance with the Principles for the Allotment of Share
Issues to Private Investors issued by the Exchange Experts Commission (BSK)
at the German Federal Ministry of Finance. There was no preferential
allotment to members of the executive bodies of Fenghua SoleTech AG or
their relatives or to employees or business partners of Fenghua SoleTech
AG.

The shares of Fenghua are expected to be traded on the Regulated Market
(General Standard) of the Frankfurt Stock Exchange starting on November 6,
2014 under the ISIN DE000A13SX89, the German Securities Identification No.
(WKN) A13SX89 and the ticker symbol FGT. The start of trading on the
Regulated Market (Parallel Market) of the Warsaw Stock Exchange is
scheduled for November 7, 2014.


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Information and Explaination of the Issuer to this News:

'Despite the currently difficult environment especially for IPOs of Chinese
companies, we do not regret our decision to do a listing in Germany and
Poland. Even though we did not place as many shares as expected we'll
continue to follow our plans to expand and modernise our production. We are
very confident to generate attractive returns for our shareholders', says
Yong Shiau Wuee, CFO of Fenghua SoleTech AG.


About Fenghua

Fenghua was founded in 2004 and is a modern, technology-driven Chinese
manufacturer of shoe soles. Fenghua produces more than 40 million pairs of
shoe soles per year. Disposing of a dynamic research and development team,
Fenghua is able to offer an own range of products. The soles manufactured
by Fenghua are designed for performance sports shoes as well as for leisure
and casual sports-inspired shoes targeting mid to high end shoe producers
in China and international brands. In the financial year 2014 Fenghua
generated revenues of 90.1 million Euros. As of June 30, 2014, Fenghua
employed 1,822 employees.

Additional information:

ISIN:       
DE000A13SX89

Securities Identification No. (WKN):  
A13SX89

Ticker Symbol:     
FGT

Listing requested: 
Regulated Market / General Standard at Frankfurt Stock Exchange
in parallel: Regulated Market / Parallel Market at Warsaw Stock Exchange

Legal seat of the Company:   
Germany


For further information, please contact: 

Kirchhoff Consult AG
Anja Ben Lekhal 
Tel: +49(0) 40 609 186 55
Mail: anja.benlekhal@kirchhoff.de

Or visit:
www.fenghua-ag.de/en


Disclaimer

This publication constitutes neither an offer to sell nor a solicitation to
buy securities. The offer will be made solely by means of and on the basis
of a published securities prospectus (including any amendments thereto, if
any), which was published after approval by the German Financial
Supervisory Authority (BaFin) on 10 October 2014. An investment decision
regarding the publicly offered securities of the issuer should only be made
on basis of the published prospectus.

The public offering of the shares of the Company is conducted solely in
Germany and Poland. On 10 October 2014, the German Financial Supervisory
Authority (BaFin) approved the securities prospectus of Fenghua, and on the
same day notified the Polish Financial Supervisory Commission. The
securities prospectus was prepared in connection with the public offering
of shares of Fenghua conducted in Germany and Poland and admitting and
introducing of the shares of Fenghua to trading on the Frankfurt Stock
Exchange and Warsaw Stock Exchange.

This document is not an offer of securities for sale in the United States
of America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended. The shares in Fenghua SoleTech AG
have not been and will not be registered under the U.S. Securities Act of
1933, as amended, and are not being and will not be offered or sold in the
United States of America.

This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'qualified persons'). All securities
referred to herein are only available to, and any invitation, offer or
agreement to subscribe, purchase or otherwise acquire such securities will
be engaged in only with, qualified persons. Any person who is not a
qualified person should not act or rely on this document or any of its
contents.

The public offer in Poland and Germany will solely be made by means of and
on the basis of a securities prospectus published on 10 October 2014. The
securities prospectus is available free of charge at the Company's website
under http://www.fenghua-ag.de/en and at the premises of Fenghua SoleTech
AG, Frankfurt, and DF Capital, Warsaw.

24.10.2014 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:      Fenghua SoleTech AG
              Mainzer Landstraße 41
              60329 Frankfurt am Main
              Germany
Phone:        +49 (0)69 95925484
Fax:          
E-mail:       fenghua@kirchhoff.de
Internet:     www.fenghua-ag.de
ISIN:         DE000A13SX89
WKN:          A13SX8
Listed:       Regulierter Markt in Frankfurt (General Standard); Warschau
 
Notierung vorgesehen (General Standard FRA, Reg. Markt Warschau)
 
End of Announcement                             DGAP News-Service
 
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