DGAP-News: VanCamel AG / Key word(s): AGM/EGM/Dividend VanCamel AG: AGM approves dividend 28.08.2014 / 16:31 --------------------------------------------------------------------- VanCamel AG: AGM approves dividend - Dividend payment of EUR 0.31 per share adopted - Old shareholders waive dividend - Jörn Stobbe elected to Supervisory Board - BDO AG new auditor - Actions of the Management Board and Supervisory Board ratified Frankfurt, 28 August 2014 - All motions put to yesterday's Annual General Meeting of VanCamel AG (Prime Standard, ISIN DE000A1RFMM9, VC8) in Frankfurt am Main, Germany, were agreed with 100% of the vote. Above all, the shareholders present at the meeting approved the company's dividend policy. As previously announced, the established Chinese designer of men's fashions is paying a dividend of EUR 0.31 per share. However, the pre-IPO shareholders waived their right to the dividend in order to keep the funds in the company and allow it to exploit future growth opportunities. This proposal, which was put forward by Xiaming Ke as a counter-motion to the original proposal for the distribution of the profit, was adopted at the meeting. The dividend will be paid to shareholders by their custodian bank in the next few days. Jörn Stobbe elected to Supervisory Board In addition, the AGM elected Mr. Jörn Stobbe to the Supervisory Board for the period until the end of the AGM which votes on ratification of the actions of the corporate officers for the fiscal year ending 31 December 2017. Mr. Stobbe was previously appointed to the Supervisory Board of VanCamel AG by Cologne District Court with effect from 1 July 2014 to replace the previous Deputy Chairman Mr. Ruliang Xie, who had stepped down. However, this appointment lasted only until the end of this year's AGM. BDO AG is the new auditor The actions of the Management Board and Supervisory Board were ratified. Based on the proposal put forward by the Supervisory Board, BDO AG Wirtschaftsprüfungsgesellschaft was appointed as the new auditor for the financial statements of the company and the consolidated financial statements of the Group for 2014. Having examined several offers, the main reason for the change of auditor was BDO AG's good reputation at the capital market. The presentation given at the AGM and details of the voting results are available on the company's website at Investor Relations / Downloads. About VanCamel VanCamel AG is the German holding company of an established Chinese fashion label, which employs more than 200 workers in the design, marketing and distribution of own branded apparel, footwear and accessories. VanCamel products address the young, well-funded urban middle-class, particularly targeting male consumers aged between 25 and 40 primarily residing in tier 2 and tier 3 cities, aspiring after upper middle class fashion styles. The prizewinning design of VanCamel's apparel is made in-house whereas the design of the footwear is outsourced based on the conceptual ideas of VanCamel. The production of both apparel and footwear is completely outsourced to local contract manufacturers. VanCamel is an established national brand with a PRC-wide reach. More than 40 regional distributors supply VanCamel's products to more than 2,300 authorized retail outlets in 26 provinces throughout China. In fiscal 2013 VanCamel generated revenues of EUR 175.4 million and a net profit of EUR 33.3 million. For further information about the company visit: www.vancamel.de/en For enquiries: VanCamel AG Eng Ann Soh Member of the Management Board and CFO E-Mail: [email protected] Phone: +86 155 5911 7996 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 VanCamel 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. --------------------------------------------------------------------- 28.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: VanCamel AG Ferdinandstraße 25 20095 Hamburg Germany Phone: 040 689999-0 Fax: 040 689999-10 E-mail: [email protected] Internet: www.vancamel.de ISIN: DE000A1RFMM9 WKN: A1RFMM Listed: Regulierter Markt in Frankfurt (Prime Standard) End of News DGAP News-Service --------------------------------------------------------------------- 284469 28.08.2014