Ad hoc Disclosures

Change of KHD’s Chairman of the Management Board - 18.09.2020 / 9:36 CEST

Cologne, Germany, September 18, 2020 – Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, informed KHD’s Management Board that Mr. Yizhen Zhu will resign from his office as CEO and member of the Management Board for personal reasons with effect as of September 30, 2020. The Supervisory Board and Management Board express their special thanks to Yizhen Zhu, who has steered KHD through challenging times, lead the successful reorganization and laid the foundation of KHD Group’s future success.

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KHD signs contracts in India - 17.03.2020 / 15:55 CET

Cologne, Germany, March 17, 2020 – Humboldt Wedag India Private Ltd. (“HW India”), New Delhi, India, and Humboldt Wedag GmbH (“HW GmbH”), Cologne, Germany, both being subsidiaries of KHD Humboldt Wedag International AG (“KHD”), Cologne, have signed contracts with ACC Limited, a Group company of LafargeHolcim Ltd. The contract scope comprises an EP contract for the engineering, supply of equipment and supervisory services related to erection and commissioning of the raw meal grinding unit and the pyro line as well as the supply and installation of the E&I (Electrical & Instrumentation) package for the entire cement plant. The entire contract package is worth the equivalent of more than EUR 35 million.

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KHD signs contract in the USA - 26.07.2019 / 19:41 CEST

Cologne, Germany, July 26, 2019 – Humboldt Wedag, Incorporated (HW Inc.), Norcross, Georgia/USA, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, has signed a contract with Lehigh Cement Company LLC, a subsidiary of HeidelbergCement Group. The contract for the engineering, supply of equipment and structural steel as well as advisory services related to erection and commissioning for a cement plant in the USA covers an order volume of more than EUR 100 million.

The EP (Engineering and Procurement) contract will be booked as order intake as soon as the conditions to commence with the execution of all the work as specified in the contract are fulfilled.

This ad-hoc announcement is a clarification of the announcement published on July 3, 2019, regarding the conclusion of a non-binding letter of intent with a customer in North America.

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KHD signs letter of intent - 03.07.2019 / 15:57 CEST

Cologne, Germany, July 3, 2019 – On June 28, 2019, Humboldt Wedag, Incorporated (HW Inc.), Norcross, Georgia/USA, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, concluded a non-binding letter of intent with a customer in North America. The letter of intent for the engineering, supply of equipment and structural steel as well as advisory services related to erection and commissioning covers a potential order volume of more than EUR 100 million. The customer and HW Inc. intend to enter into negotiations promptly with the aim of concluding a corresponding EP (Engineering and Procurement) contract.

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KHD plans headcount reduction - 12.03.2019 / 13:38 CET

Cologne, Germany, March 12, 2019 – Today the Executive Board of Humboldt Wedag GmbH (HWG), Cologne, a major subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, informed KHD’s Management Board and the Works Council of HWG about a planned major reorganization. HWG's Executive Board expects that the business environment in cement plant construction industry will remain difficult in the near future and that existing personnel capacities cannot be sufficiently utilized. HWG must therefore adapt its structures to the current business volume in order to return to profitability in the medium term. HWG's management plans to cut approximately 80 jobs. The measures required to implement the reorganization will be discussed with the works council in the coming weeks.

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KHD revises forecasted result - 18.02.2019 / 7:30 CET

Cologne, Germany, February 18, 2019 – KHD Humboldt Wedag International AG (KHD), Cologne, revises the forecast for its adjusted earnings before interest and taxes (EBIT) for the 2018 financial year. Due to unforeseen cost overruns that will emerge until finalization of some projects of the subsidiary Humboldt Wedag GmbH, Cologne, the adjusted EBIT will be significantly below the level of the 2017 financial year.

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KHD strengthens Management Board - 02.12.2018 / 13:01 CET

Cologne, Germany, December 2, 2018 – The Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, appointed Mr. Yizhen “Mario” Zhu with immediate effect as Chairman of the Management Board until December 31, 2019. Mr. Tao Xing was appointed with immediate effect as additional member of the Management Board until December 31, 2021.

Mr. Zhu already served on KHD’s Management Board from 2011 to 2017. Mr. Xing served as member of KHD’s Supervisory Board in 2015 and as member of the Management Board in 2016.

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Resignation of KHD’s Chairman of the Management Board - 30.11.2018 / 21:07 CET

Cologne, Germany, November 30, 2018 – Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, informed KHD’s Management Board of the resignation for personal reasons by Mr. Gerold Keune as member of the Management Board with immediate effect.

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KHD adjusts forecasted result - 16.10.2018 / 13:00 CEST

Cologne, Germany, October 16, 2018 –KHD Humboldt Wedag International AG (KHD), Cologne, adjusts the forecast for its adjusted earnings before interest and taxes (EBIT) for the 2018 financial year as part of the updating of the annual planning. Due to cost overruns in project execution, the adjusted EBIT is now expected to be at about the same level as in the previous year.

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New Chairman of KHD’s Supervisory Board - 16.10.2018 / 13:00 CEST

Cologne, Germany, October 16, 2018 – At its meeting today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, has elected Mr. Shaohua Jin as the new Chairman. Mr. Jin was appointed as member of the Supervisory Board on Friday by resolution of the District Court of Cologne replacing Mr. Da Hua, who previously resigned from the Supervisory Board. The previous Chairman, Gerhard Beinhauer, will continue to serve as Vice Chairman of KHD's Supervisory Board.

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