DGAP-News: Snowbird AG

DGAP-News: Snowbird AG: Change in Snowbird's Supervisory Board: Mr. Li Gang follows to Ms. Yao Xiaoman

DGAP-News: Snowbird AG / Key word(s): Change of Personnel Snowbird AG: Change in Snowbird's Supervisory Board: Mr. Li Gang follows to Ms. Yao Xiaoman

06.06.2016 / 11:44 The issuer is solely responsible for the content of this announcement.

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Change in Snowbird's Supervisory Board: Mr. Li Gang follows to Ms. Yao Xiaoman

Hamburg, 06 June 2016 - Snowbird, one of the leading down processors listed in the Prime Standard Segment at Frankfurt Stock Exchange (ISIN: DE000A1PHEL8) announces personnel changes in the Supervisory Board.

Mr. Li Gang, born in 1959, replaces Ms. Yao Xiaoman who resigned from her position due to personal reasons. Mr. Li is an expert in the garment industry where he works since 2002 and since then holds leading positions in the Henan Province Garment Industry Association. Currently he acts as the president of the Garment Industry Association of Henan Province. He also received a couple of rewards, e.g. he is the winner of the "Labor Day Medal of Henan Province" in 2016, he was rewarded the "Outstanding Association of Workers of Henan Province", he was granted the "Special Contribution Award for Garment Industry of Henan Province", the "Excellent Scholar of China Garment Industry" and the "Advanced Workers of China Textile Industry Association" honor.

The other members of the Supervisory Board, Viona Brandt (Chairlady) and Thomas Bieri will remain unchanged.

Zhaorui Yan, CEO of Snowbird AG comments: "We want to express our greatest gratitude to Ms. Yao. With her outstanding experience and enthusiasm, she contributed significantly to Snowbird's success since the IPO in September 2014. With Mr. Li, we managed to find a high profile successor who is well-known in the Chinese garment industry and who will be able to support Snowbird's future success."

End of corporate news

Snowbird AG - one of largest down processing companies worldwide Snowbird is one of the world's leading down processors and known for high quality down-filled textiles and for down bedding, down duvets and down pillows. With its new state of the art production facility, located in China, Henan Province, the company is able to process down at highest quality standards in a sustainable and environmental friendly way. Snowbird operates very profitable along the value chain from down processing to down clothing and down bedding production. Products are sold under the brands "Snowbird" or "Xueniao" or "Daunenkönig" or produced as white label based on orders from third parties.

Investor Relations Contact Please direct all your requests to: max. Equity Marketing GmbH, Maximilian Fischer, Marienplatz 2, 80331 Munich, Germany Tel: +49 89 139 28890 E-Mail: ir@snowbird-ag.com

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06.06.2016 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.

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Language: English Company: Snowbird AG Ferdinandstr. 25 20095 Hamburg Germany Phone: +49 89 139 28890 E-mail: ir@snowbird-ag.com Internet: www.snowbird-ag.com/de ISIN: DE000A1PHEL8 WKN: A1PHEL Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------

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