Joyou AG / Key word(s): Legal Matter 27.04.2015 08:29 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. --------------------------------------------------------------------------- Hamburg, April 27, 2015 - As a result of most recent information regarding business transactions at subsidiaries of Joyou AG (the "Company"), the necessity to review said business transactions has arisen. The supervisory board of the Company therefore has resolved to have a special audit conducted by auditors and legal counsel in order to review whether the net assets, financial and profit position were reflected correctly in the past and to achieve a complete clarification of the facts at hand. The supervisory board has agreed with the members of the management board of Joyou AG, Messrs. Jianshe Cai and Jilin Cai, that they will be suspended from their office as members of the management board of the Company during the special audit with immediate effect. The supervisory board has appointed the member of the management board Mr. Gerald Mulvin as interim chairman of the management board of Joyou AG. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Joyou AG Gasstrasse 18, Haus 6A 22761 Hamburg Germany ISIN: DE000A0WMLD8 WKN: A0WMLD For further information, please contact: Matthias Poth c/o HERING SCHUPPENER [email protected] +49-172-2756012 (mobile) +49-69-921874680 (land line) 27.04.2015 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: Joyou AG Gasstraße 18, Haus 6 A 22761 Hamburg Germany Phone: Fax: E-mail: [email protected],[email protected] Internet: www.joyou.de ISIN: DE000A0WMLD8 WKN: A0WMLD Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------