DGAP-News: Tintbright AG / Key word(s): Strategic Company Decision Tintbright AG: Tintbright AG is raising processing capacity 07.03.2014 / 11:18 --------------------------------------------------------------------- Tintbright AG is raising processing capacity - New 2,240 m2 factory building completed - New fabric dyeing units purchased - 37% increase in annual fabric dyeing capacity - Total investment around RMB 11 million (EUR 1.3 million) - Production start-up scheduled for mid-May 2014 Hamburg, March 7, 2014 - Tintbright AG, the German holding company of a Chinese textile manufacturer, is increasing capacity for high-margin fabric manufacturing and processing. As a specialist in one-stop solutions, this investment will enhance its ability to meet customers' demands and pave the way for further growth in the future. A new factory building with roughly 2,240 m2 production space has been erected at a site used by its subsidiary Sanrong Printing and Weaving Co. Ltd. 34 new dyeing units will raise fabric dyeing capacity by 37% to over 218.9 million metres a year. Compared to the existing dyeing line, production costs of the new production line will be slightly lower due to a more efficient production process. Tintbright therefore expects a corresponding improvement in margins. Since the building has already been completed and the installation phase for the new equipment is short, production is scheduled to start in mid-May. Total investment is around RMB 11 million (around EUR 1.3 million), thereof RMB 2.7 million for the new building, RMB 6.8 million for the new dyeing machines and RMB 0.6 million for an industrial clothes dryer. In a next step, Tintbright also plans to expand the printing capacity during this year. "This investment to expand production capacity is a milestone for Tintbright's future growth," says Tianzhun Zhao, Chairman of the Management Board and founder of Tintbright AG. "In the fabric dyeing sector, it is important to guarantee delivery of large volumes at extremely high quality. We are confident that we will be able to achieve high capacity utilisation at the new facility within a short time by securing orders from both existing and new customers." The company's stock market listing in January raises its reputation and makes it one of the few listed suppliers in the Chinese textile industry, which should help it differentiate itself from competitors. About Tintbright AG Tintbright AG is the German holding company of an established and fast growing Chinese textile manufacturer, which employs more than 1,100 workers in the production and processing of fabrics. This comprises weaving, printing and dyeing fabrics, and post-processing treatments. The company recognized the trend towards one-stop-solutions in the textile industry very early on and is now one of very few Chinese companies offering vertically integrated services to its customers. Tintbright increasingly focuses on innovative and functional product properties such as UV-protection and anti-static and anti-bacterial finishes. Tintbright's products are sold to textile manufacturers, mainly in Fujian province and to local trading companies serving the whole PRC market and the most important export markets. Its broad customer base comprising over 550 buyers includes well-known Chinese brand names such as K-boxing, Anta and SeptWolves. Since 2010, Tintbright has grown by an average of 13 percent a year, recording revenues of EUR 122.7 million and a net profit of EUR 19.1 million in 2012. For further information about the company visit: www.tintbright.de/en For enquiries: Tintbright AG Ang Chung Member of the Management Board and CFO Email: [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 --------------------------------------------------------------------- 07.03.2014 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: www.tintbright.de ISIN: DE000A1PG7W8 WKN: A1PG7W Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin End of News DGAP News-Service --------------------------------------------------------------------- 256379 07.03.2014