Cologne, Germany, October 16, 2013 – In light of the voluntary takeover offer from AVIC the management board of KHD Humboldt Wedag International AG has taken the decision not to participate in the “Deutschen Eigenkapitalforum” in November in Frankfurt.
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.
On January 19, 2011, the subscription period for new shares of KHD Humboldt Wedag International AG (“Company”) ended. As announced in the ad hoc disclosure from December 21, 2010, the capital increase would be completed only if upon close of the subscription period sufficient shares from the authorized capital remain available to permit CATIC’s indirect subsidiary Max Glory Industries Ltd. (“MGI”) to subscribe for such a number of new shares which results in MGI holding 20% of the shares in the Company post completion.