DGAP-News: Tintbright AG / Key word(s): IPO Tintbright AG: Tintbright AG to go public at the Frankfurt Stock Exchange 24.01.2014 / 14:33 --------------------------------------------------------------------- Tintbright AG to go public at the Frankfurt Stock Exchange - Vertically integrated textile manufacturer prepares 'Safe-IPO' into the Prime Standard - Revenue of EUR 122.7 million in FY 2012 matching a net profit margin of 15.6% - 'Innovation' and 'high value added' secure competitive advantages - Dividend payment of at least 15% of consolidated net income for fiscal year 2013 intended Hamburg, 24 January 2014 - The listing of Tintbright AG, the German holding company of an established Chinese textile manufacturer, on the Prime Standard of the Frankfurt stock exchange is scheduled for Monday, January 27th. Active in the Chinese textile industry for almost 20 years, the highly profitable and cash rich company is one of very few Chinese companies, offering innovative and vertically integrated one-stop solutions for the production and (post-)processing of high-quality fabrics. Due to the high strategic importance for the company, Tintbright AG has decided to execute its listing in the current market environment as a 'Safe IPO' without a public offering. The company intends to pay a dividend of at least 15% of consolidated net income for fiscal year 2013. This dividend is to be understood as basis for the long-term dividend policy of Tintbright. Integrated and innovative business model By manufacturing synthetic and cotton yarn into woven grey cloth, Tintbright produces different kinds of valuable fabrics which are sold either directly or processed to finished fabrics in the second business segment. The second segment comprises customized printing and dyeing as well as post-processing treatments such as the integration of UV-protection, breathability or water resistance. The integrated business model enables Tintbright to offer to its customers added value by providing individual one-stop solutions starting with the production of the fabric up to the functional finishing. The customized final goods are sold to textile manufacturers and trading companies. Tintbright thereby increasingly focusses on high-margin products with innovative features, already offering a large variety of functional fabrics. This important competitive advantage arises from an efficient research and development division which, in collaboration with the Shanghai Textile Research Institute, developed several functional fabrics within the last years. Driving the change of the industry Thus, together with the high proportion of value added, Tintbright has been able to compensate for the continued margin pressure in the Chinese textile manufacturing market: While demand for valuable functional fabrics constantly increases in China, driven by rising incomes and growing quality claims, increasing environmental protection requirements as well as rising labor costs put pressure on traditional, mainly smaller textile manufacturers. Building an efficient water treatment system and offering customized one-stop solutions, Tintbright early on adapted to the changing market environment, now benefitting from the ongoing consolidation process. The company applies to international quality as well as environmental standards and aims to further expand its position as integrated supplier within the Chinese textile industry. Broad customer base enables strong revenue growth Tintbright's management team is convinced that vertical integration and a broad product offering are crucial in strengthening the market position of the company. This is also reflected in the high rate of returning customers. Tintbright maintains longstanding relationships to more than 90 percent of buyers. The diverse customer base of over 550 accounts, including well-known Chinese brand names such as K-boxing, Anta or SeptWolves, makes the company independent of any specific customer. This competitive strength is supported by the strategic location of Tintbright's operating facilities in Jinjiang City, as Fujian Province is one of the centers of the Chinese textile industry, being home to many well-known brand manufacturers. Employing more than 1,100 workers, Tintbright recorded a total output of 51.2 million meters of woven fabrics, 123.6 million meters of dyed and functionally finished fabrics and 34.4 million meters of individually printed fabrics in fiscal year 2012, amounting to revenues of EUR 122.7 million. A net profit of EUR 19.1 million corresponds to a net profit margin of 15.6 percent. Since 2010, revenues grew at an average annual growth rate of 13 percent. For further information about the company visit: www.tintbright.de/en For enquiries: Tintbright AG Ang Chung Member of the Management Board and CFO E-Mail: [email protected] Phone: +86 187 5941 6698 Disclaimer: This document is no offer for the purchase of securities in the United States of America. Securities may only be sold or offered for sale with the previous registration under the U.S. Securities Act of 1933 in the actual valid version or without previous registration only pursuant to an exemption. The shares of Tintbright AG (the 'Shares') have not been registered under the U.S. Securities Act of 1933 in the actual valid version and may not be sold or offered in the United States. 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 'relevant persons'). The Shares, which are referred to, are only available to relevant persons and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. End of Corporate News --------------------------------------------------------------------- 24.01.2014 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: Tintbright AG c/o HRG Hansische Revisions-Gesellschaft mbH, Ferdinandstraße 25 20095 Hamburg Germany Phone: +86 595 8539 2011 Fax: +86 595 8538 7408 E-mail: [email protected] Internet: [email protected] ISIN: DE000A1PG7W8 WKN: A1PG7W Listed: Regulierter Markt in Frankfurt (Prime Standard) Notierung vorgesehen / intended to be listed End of News DGAP News-Service --------------------------------------------------------------------- 249486 24.01.2014