Joint Statement of the Management Board and the Supervisory Board of KHD Humboldt Wedag International AG
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The Supervisory Board of KHD Humboldt Wedag International AG (“KHD”) has appointed Yizhen “Mario” Zhu (39) to be the company’s third Management Board member.
Contrary to the procedure described on page 151 of the securities prospectus of December 29, 2010, new major shareholder Max Glory Industries Limited (“Max Glory”) has not appointed a Supervisory Board member following the capital increase for KHD Humboldt Wedag International AG (“KHD”).
KHD Humboldt Wedag International AG (KHD) successfully concluded its capital increase today. The capital increase, which is from approved capital and grants statutory subscription rights to existing shareholders, formed the subject of a Management Board resolution with Supervisory Board assent on December 21, 2010.