Joyou AG / Key word(s): Miscellaneous 07.06.2013 17:14 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-hoc release according to § 15 WpHG Joyou AG improves financing structure through new loan Frankfurt am Main, 07 June 2013. Joyou AG has secured a 100 million US dollar (approx. 77 million Euros) syndicated loan for its wholly-owned subsidiary Hong Kong Zhongyu Sanitary Technology Limited. The coordinating arranger of the loan is Nomura International (Hong Kong) Limited. The loan has a repayment schedule with a first repayment of 5 per cent after 18 months, further repayments of 15 per cent each every three months thereafter and a final repayment of 20 per cent after 36 months. The loan has an annual interest rate of LIBOR (for the relevant interest period) plus 4.25 per cent. The purpose of the loan is to align Joyou's financing structure with the company's asset structure. The loan will be used for the repayment of maturing short-term debt and to support the ongoing expansion of Joyou's production facilities including a shower heads facility, phase two and three of the ceramics plants, an upgrade of the faucet production lines as well as for general corporate purposes. With an equity position of 341.5 million Euros as of 31 December 2012, representing an equity ratio of 75.7 per cent, Joyou has a strong debt capacity. As a result, the company will continue to maintain a sound balance sheet structure post the implementation of this facility. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About Joyou Joyou AG (ISIN DE000A0WMLD8, WKN A0WMLD, Ticker Symbol JY8) is a leading bathroom solutions provider in China. Joyou designs, produces and sells products for the entire bathroom mainly in China under its brand name 'Joyou' and is also engaged as a OEM/ODM-manufacturer for international brands and trading companies in the United States and Europe as well as other emerging markets. In 2011 Joyou was one of the leading single-brand manufacturers of bathroom, and other faucets in China in terms of revenues (according to BSRIA's China Bathroom Study 2011). Joyou has established an extensive distribution network in China with over 4,000 retail points of sales as of 31 December 2012. Joyou's operating facilities are based in Nan'an near Quanzhou in Fujian Province in China. Joyou mainly sells under its own brand name and has the following nine product groups in its business portfolio: Bathroom Faucets, Kitchen Products, Shower Products, Ceramics and Bathtubs, Bathroom Cabinets, Bathroom Accessories, Other Faucets and Sanitary Hardware, Copper and Semi-Finished Components, Grohe Products. In 2012, Joyou realised group revenues of 329.6 million Euros, an operating profit (EBIT) of 50.8 million Euros and a net profit of 39.8 million Euros. For further information, please contact: Joyou AG Winterstraße 4-8 22765 Hamburg Ian M. Oades, tel.: +86-595-8618 8887, [email protected] Kirchhoff Consult AG Jens Hecht, tel.: +49 40 60 91 86 0, [email protected] or visit the company website at: http://www.joyou.com Disclaimer concerning prognoses This communication may contain forward-looking statements. Forward-looking statements are statements that are not historical facts but instead they reflect Joyou's current views and expectations and the assumptions underlying them about future events. Forward-looking statements are subject to many risks and uncertainties. If any of such risks and uncertainties materialise or if the assumptions underlying any of Joyou's forward-looking statements are proving to be incorrect, Joyou's actual results may be materially different from those expressed or implied by such forward-looking statements. Joyou does not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. 07.06.2013 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: Joyou AG Winterstraße 4-8 22765 Hamburg Germany Phone: Fax: E-mail: [email protected] Internet: www.joyou.de ISIN: DE000A0WMLD8 WKN: A0WMLD Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------