DGAP-News: FAST Casualwear AG / Key word(s): Incoming Orders FAST Casualwear AG receives another large order from Europe 19.02.2014 / 15:02 --------------------------------------------------------------------- PRESS RELEASE FAST Casualwear AG receives another large order from Europe Hamburg, February 19, 2014 - FAST Casualwear, a manufacturer of casual footwear and apparel in China, proves its position as an Original Equipment Manufacturer (OEM). According to the latest OEM order of a renowned European retail group, FAST Casualwear is assigned to produce and deliver 400,000 pairs of casual children's shoes under a famous brand. The order has a value of about 3.2 million Euros and is expected to be ready for shipment during the second quarter 2014. Only in January 2014 FAST Casualwear was assigned to produce 500,000 pairs of children's shoes with a total value of about 5 million Euros by the same retail group under the same brand. 'The second order by our new business partner in Europe shows that he is persuaded of our high quality products. We are looking forward to intensifying our cooperation with him. At the same time we are confident to do further steps on our way towards a relationship with additional retail chain customers - in China and abroad', says Wing Chi Chong, CEO of FAST Casualwear AG. 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 approximately 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 --------------------------------------------------------------------- 19.02.2014 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 --------------------------------------------------------------------- 253330 19.02.2014