Ming Le Sports AG / Key word(s): Strategic Company Decision 23.06.2013 12:54 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. --------------------------------------------------------------------------- Ming Le Sports AG: Investment in shoe sole production facility Frankfurt, June 23, 2013 - Ming Le Sports AG, a rapidly growing branded sportswear company in China, intends to establish an own shoe sole production facility. With the approval of the Supervisory Board, the management plans to invest the total sum of around 80 million Euros (around 650 million Renminbi). The investment includes land acquisition, the construction of the building, machinery as well as working capital and will be financed by cash on hand and future cash flow from operation. The construction is anticipated to start by the end of 2013 and to be completed in 2015. With a factory floor space of 60,000 square metres the new facility will dispose of an annual production capacity of around 12.0 million pairs of shoe soles. By insourcing the shoe sole production, the company expects to enhance the gross profit margin. Furthermore, once the shoe sole production plant will have started its operation, Ming Le will have a better control regarding the timing and product quality of its footwear. Finally the new facility will allow Ming Le to register exclusive patents and copyrights for innovative shoe soles and protect the intellectual property of Ming Le. --------------------------------------------------------------------------- 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 to over 3,900 retail outlets in China. At present, Ming Le has about 1,350 employees. For further information, please contact: Kirchhoff Consult AG Dr. Kay Baden Tel: +49(0) 40 609 186 39 Mail: [email protected] Or visit www.mingle-sportswear.com 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 Ming Le Sports 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 Ming Le Sports are proving to be incorrect, the actual results of Ming Le Sports may be materially different from those expressed or implied by such forward-looking statements. Ming Le Sports 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. 23.06.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------