Ultrasonic AG / Key word(s): Change of Personnel/Miscellaneous 12.09.2014 12:00 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - COO Minghong Wu is taking a six-month leave of absence for health reasons - Announcement of a new Chief Financial Officer Cologne, 12 September 2014 - Minghong Wu, COO of Ultrasonic AG, informed the Supervisory Board that he has to go to the hospital for medical treatment due to ongoing health problems. He will therefore be taking six months leave of absence. During this period his operational duties will be assumed by the company's CEO Qinyong Wu and two long-standing senior managers from Sales and Marketing. At the same time, following the successful negotiation of a credit facility with Nomura, the Supervisory Board hereby announces an upcoming change of CFO. The present CFO, Chi Kwong Clifford Chan, is stepping down from his post for family related reasons on 30 September 2014 to spend more time with his family in Hong Kong. This decision was taken in full consultation with the company, which nevertheless regrets Mr. Chan's decision. Ultrasonic has secured Mr. YEUNG Man Kin to succeed Mr. Chan. Mr. Yeung, who most recently was responsible for accounting and budget planning for Amnesty International Hong Kong has many years of experience in finance and accounting. Before working for Amnesty International, he held various positions in the financial services sector, including posts at the auditor and consultancy company Mazars and Modern Education Group Ltd., which is listed on the Hong Kong Stock Exchange. Mr. Yeung will take up his new post at Ultrasonic AG on 1 October 2014, so a smooth transition is ensured. Contact: Chi Kwong Clifford Chan Member of the Management Board and CFO Email: [email protected] Phone +86 1525 947 9902 (China) Phone +852 966 227 40 (Hong Kong) --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About Ultrasonic The Cologne-based company Ultrasonic AG is the German holding company of the Chinese ULTRASONIC Group, an established manufacturer and supplier of high-quality branded urban footwear. The Group has around 1,400 employees and operates in three main market segments, each of which currently contributes about a third of revenue. ULTRASONIC produces sandals and slippers for the upper price segment for the local and international market. It is also a long-term supplier of shoe soles to leading manufacturers in the established Chinese sport shoe industry such as Anta, Xtep and Unisuper. Moreover, the company has developed its own very successful high-quality urban footwear collection which is marketed under the ULTRASONIC brand and targets China's young, fashion-conscious urban middle class, which has high purchasing power and expects high quality. The ULTRASONIC product line is currently marketed via more than 110 mono-label shops. For further information about the company visit: www.ultrasonic-ag.de For enquiries: Ultrasonic AG Chi Kwong Clifford Chan Member of the Management Board and CFO E-Mail: [email protected] Tel.: +86 1525 947 9902 (China), +852 966 227 40 (Hong Kong) 12.09.2014 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: Ultrasonic AG c/o BPG mbH, Graf-Adolf-Platz 12 40213 Düsseldorf Germany Phone: +86 1525 947 9902 (China); +852 966 227 40 (Hong Kong) Fax: +49 (0)211 172 9829 E-mail: [email protected] Internet: www.ultrasonic-ag.de ISIN: DE000A1KREX3 WKN: A1KREX Indices: CDAX, Classic All Share, DAXsector All Consumer, DAXsector Consumer, DAXsubsector All Clothing & Footwear, DAXsubsector Clothing & Footwear, Prime All Share Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------