DGAP-News: Decheng Technology AG

DGAP-News: Successful listing of the shares of Decheng Technology AG at Frankfurt Stock Exchange

DGAP-News: Decheng Technology AG / Key word(s): IPO Successful listing of the shares of Decheng Technology AG at Frankfurt Stock Exchange

28.06.2016 / 11:29 The issuer is solely responsible for the content of this announcement.

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CORPORATE NEWS June 28, 2016

Successful listing of the shares of Decheng Technology AG at Frankfurt Stock Exchange

- Initial share price of EUR 3.60

- CEO Xiaofang Zhu: "This marks the beginning of a new era"

- Dividend payment planned from 2017 on

Cologne, June 28, 2016. Today, the shares of Decheng Technology AG (ISIN: DE000A1YDDM9; German Securities Identification Number (WKN): A1YDDM; ticker symbol: 333), have been listed for the first time in the General Standard Segment of the Frankfurt Stock Exchange. Decheng Technology AG is a fast growing and highly profitable Chinese manufacturer of polyurethane resin and additives which are used to enhance the product properties of textiles and leather. The initial listing price was EUR 3.60, which is EUR 0.10 above the issue price of EUR 3.50. The derived company value at the start of trading was approx. EUR 107.6 million.

Path of profitable growth to be continued Decheng Technology AG's CEO, Xiaofang Zhu, rang the stock exchange bell to mark the begin of trading of the Company's shares. Zhu commented: "This is a proud day for me and my fellow Board Members. Despite the difficult conditions due to the UK's decision to leave the European Union we can celebrate a successful stock market debut. For us, today's listing on the Frankfurt Stock Exchange marks the beginning of a new era. We are confident that the listing will help us to continue on our path of profitable growth in the future. The increase in attention and credibility that comes with a listing in Germany also facilitates our search for joint ventures as a part of our mid-term expansion strategy." The proceeds from the IPO amount to approx. EUR 2.5 million. Half of the proceeds will be assigned to R&D, 20 percent to marketing and 30 percent to working capital.

Distribution of dividends planned from 2017 on The shares of Decheng Technology AG are equipped with full dividend rights for financial year 2016. The Company intends to pay dividends from 2017 on.

About Decheng Technology AG Decheng Technology AG is occupied with the research, development and the production of polyurethane resin and additives that enhance and improve the product features of textiles and leather. The production site is located in Quangang, Fujian Province, People's Republic of China. In fiscal year 2015, the Company achieved sales of EUR 68.8 million, a net profit (after tax) of EUR 17.9 million and employed 123 persons. The shares of Decheng Technology AG are listed in the General Standard Segment of the Frankfurt Stock Exchange.

Contact VPC Group Frankfurt Branch Bleichstr. 64-66 60313 Frankfurt Germany +49 69 175371963 ir@dechengtechnology.com

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28.06.2016 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. Archive at www.dgap.de

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Language: English Company: Decheng Technology AG Martin-Luther-Platz 26 40212 Düsseldorf Germany Phone: +49 (0)211-78179033 E-mail: contact@dechengtechnology.com Internet: www.dechengtechnology.com ISIN: DE000A1YDDM9 WKN: A1YDDM Listed: Regulated Market in Frankfurt (General Standard) End of News DGAP News Service ---------------------------------------------------------------------------

475027 28.06.2016