DGAP-News: Decheng Technology AG

CORPORATE NEWS August 31, 2017

Decheng Technology AG: Recognition as a leading company

- Decheng officially listed as a top leading company by Quanzhou City government

- CEO ZHU: "This is a reward for our hard work"

Cologne, August 31, 2017. Decheng Technology AG (ISIN: DE000A1YDDM9; German Securities Identification Number (WKN): A1YDDM; ticker symbol: 333), a Chinese manufacturer of polyurethane resin and additives, received a recognition from the Quanzhou City government. With this recognition, the Company officially counts among Quanzhou City's leading enterprises.

Accolade is a reward for hard work
In an official announcement, the Quanzhou City government has awarded Decheng Technology AG's subsidiary, Quanzhou Decheng Tech Resin Co., Ltd, the status of a top leading company in the new material industry in Quanzhou City for 2017. This government accolade underlines Decheng Group's importance in China's polyurethane resin industry and is viewed as a seal of quality by the business community. Official accolades like this help to intensify ties with existing business partners. The accolade is also a confirmation of the government's confidence in a business and is thus the base for establishing new business relations.

ZHU Xioafang, the CEO of Decheng Technology AG: "This official recognition by the Quanzhou City government is a reward for our hard work and our efforts to be a leader in our industry. It is also proof of our sustainable business success. We are dedicated to continue on our path of innovation, quality and reliability."

Quanzhou City is located in Fujian Province, Southeast China, with an area of 11,244 sq. km. With a population of around 13 million, Quanzhou is not only more populous than the federal state of Bavaria but also Fujian Province's economic powerhouse as well as the location of one of China's busiest harbors.

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, leather and electronic components. The production site is located in Quangang, Quanzhou City, Fujian Province, People's Republic of China. In fiscal year 2016, the Company achieved sales of EUR 75.8 million, an operating result of EUR 25.4 million and employed 119 persons. The shares of Decheng Technology AG are listed in the General Standard Segment of the Frankfurt Stock Exchange.