DGAP-News: Asian Bamboo AG / Key word(s): Miscellaneous Asian Bamboo announces more information about the asset sales programme - Mr. Lin Zuojun (CEO) forfeits his salary for the rest of the current tenure 12.06.2014 / 14:10 --------------------------------------------------------------------- Asian Bamboo announces more information about the asset sales programme - Mr. Lin Zuojun (CEO) forfeits his salary for the rest of the current tenure Hamburg, 12 June 2014 - Asian Bamboo AG ("Asian Bamboo", "the Company", ISIN: DE000A0M6M79, ticker symbol: "5AB", ADR ticker symbol "ASIBY"), is pleased to announce that, with reference to the Company's announcement of 23 March 2014, the sale of 12,955 hectares of bamboo-plantation is likely to be completed within six months. This follows the finalisation of an independent valuation report on the proposed transaction price and a legal due diligence report on the independence of the purchasers. The Management Board estimates that the sale of these plantations will generate at least EUR 10 million. In addition, the Management Board also intends to sell a plot of land in Mawei, the site of the Company's first bamboo shoot processing plant, for around EUR 3 million, as well as the bamboo shoot processing plant in Longyan for around EUR 2 million. The Management Board aims to complete these sales within 12 months. The Company will keep its bamboo shoot processing factory in Shaowu and, if needed, bamboo shoot processing can be outsourced. The Management Board does not believe that the sales of these assets will have any adverse impact on the Company's operations. Furthermore, as of today, Mr. Lin Zuojun, CEO and founder of Asian Bamboo AG, has agreed to forfeit his salary for the remainder of his current tenure as CEO, which expires on 30 September 2015 underlining his long-term commitment to the Company. For enquiries, please contact: Asian Bamboo AG: Peter Sjovall +852-9385 3868 Chief Financial Officer [email protected] Anja Holst +49-(0)40 37644 798 Investor Relations Director [email protected] About Asian Bamboo AG: Asian Bamboo is a leading integrated company in the bamboo industry. The Company currently owns long-term leasing rights for 40 bamboo plantations with a total size of 50,338 hectares (ha). It is planning to diversify its business into property development. As a National Key Flagship Enterprise, Asian Bamboo is at the forefront of developing the agriculture industry in China. Asian Bamboo has obtained organic food accreditations in China, Japan, Europe and the United States in addition to its HACCP and ISO9001 certifications. Its plantation management has received GLOBALGAP (Global Good Agriculture Practices) certification from the Swiss-based company SGS. Since 16 November 2007, Asian Bamboo has been listed on the Prime Standard of the Frankfurt Stock Exchange under the ticker symbol "5AB". In addition, the stock is traded as an ADR under the ticker symbol "ASIBY". The Company's financial statements are audited by Deloitte and its registered office is located in Hamburg, Germany. For more information about Asian Bamboo, please visit the Asian Bamboo website at www.asian-bamboo.com or www.asian-bamboo.de Disclaimer: This release is for information only and does not constitute an offer to sell, purchase, exchange or transfer any securities or a solicitation of any such offer in the United States or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Neither Asian Bamboo AG ("Asian Bamboo") nor any other participant in the transactions described herein intends to register any securities under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with the proposals described in this announcement. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by Asian Bamboo or any of their affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. As far as this release contains forward-looking statements with respect to the business, financial condition and results of operations of Asian Bamboo, these statements are based on current expectations or beliefs of Asian Bamboo's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment - especially in the core business segments and markets of Asian Bamboo. Also, the development of the financial markets and changes in national as well as international provisions, particularly in the field of tax legislation and financial reporting standards, could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. Asian Bamboo undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. End of Corporate News --------------------------------------------------------------------- 12.06.2014 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: Asian Bamboo AG Stadthausbrücke 1-3 20355 Hamburg Germany Phone: +49 40 37644 798 Fax: +49 40 37644 500 E-mail: [email protected] Internet: www.asian-bamboo.de ISIN: DE000A0M6M79, DE000A0M6M79 WKN: A0M6M7, A0M6M7 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 273115 12.06.2014