DGAP-News: FAST Casualwear AG / Key word(s): Contract FAST Casualwear: Successful conclusion of OEM contract 16.01.2014 / 08:28 --------------------------------------------------------------------- FAST Casualwear: Successful conclusion of OEM contract Hamburg, January 16, 2014 - FAST Casualwear successfully concluded the contract as Original Equipment Manufacturer (OEM) with a renowned European retail group. FAST had announced the planned signing of the contract in October 2013. The contract with a term of two years makes FAST one of the retail group's main OEM suppliers for shoes. According to the first OEM order in January 2014, FAST will deliver a total of 500,000 pairs of casual children's shoes under a famous brand. The order has a value of about 4 million Euros and is expected to be ready for shipment during the second quarter 2014. 'We are really looking forward to a good cooperation with our new business partner. Since consumers in Europe have an exceptionally high standard of quality and longevity for products, we also see this cooperation as proof for our continuous efforts to deliver high quality products to the market', says Wing Chi Chong, CEO of FAST Casualwear AG. In the future FAST will expand its cooperation with large retail chain customers in Europe in order to strengthen its presence in this attractive market. The company is especially interested in concluding long-term standing orders tailored to the production capacity of FAST Casualwear. Besides its successful development in the OEM business outside the domestic market, FAST Casualwear will continue to focus on the further development of its own brand FAST in the Chinese market. 'Our company-own brand FAST will remain our main revenue driver in China in the future. At the same time we will enhance the efficiency of our international distribution by working with strong partners abroad', states Wing Chi Chong. About FAST Casualwear AG FAST Casualwear AG is the German holding company of FAST Group, a Chinese group of companies engaged in the design, production and sale of casualwear, consisting of footwear and apparel including accessories. It mainly designs and produces casualwear under its own brand name 'FAST', targeting consumers aged between 16 and 35 primarily in the lower tier cities in China. FAST distributes its own brand products through 28 unaffiliated regional distributors, who sell the products via retail outlets operated either by themselves or by third party sub-distributors. Its distribution network consists of 960 retail outlets in over 100 cities throughout China. FAST also designs and produces footwear as contract manufacturer for international brand owners, mainly from Europe and the U.S. FAST's operating facilities are located in the southeast of China in Jinjiang City, Fujian Province, one of the largest footwear manufacturing hubs in China. Currently 980 employees work for the FAST Group. For further information please visit www.fast-casualwear.com or contact Kirchhoff Consult AG Dr. Kay Baden Tel: +49 (0)40 609 186 39 E-mail: [email protected] Disclaimer concerning prognoses This communication contains forward-looking statements. Forward-looking statements are statements that are not historical facts instead they reflect FAST Casualwear's current views and expectations 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 materialise or if the assumptions underlying any of FAST Casualwear's forward-looking statements are proving to be incorrect, FAST Casualwear's actual results may be materially different from those expressed or implied by such forward-looking statements. FAST Casualwear 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. End of Corporate News --------------------------------------------------------------------- 16.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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: FAST Casualwear AG c/o Kirchhoff Consult AG, Herrengraben 1 20459 Hamburg Germany Phone: 040 60 91 86 0 Fax: 040 60 91 86 60 E-mail: [email protected] Internet: www.fast-casualwear.com ISIN: DE000A1PHFG5 WKN: A1PHFG Listed: Regulierter Markt in Frankfurt (Prime Standard) End of News DGAP News-Service --------------------------------------------------------------------- 248192 16.01.2014