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DGAP-News: Snowbird AG plans IPO in the Prime Standard on Frankfurt Stock Exchange in September - One of the global leading down processors and producer of down textiles, down beddings and duvets

September 1, 2014

DGAP-News: Snowbird AG / Key word(s): IPO/Market launch Snowbird AG plans IPO in the Prime Standard on Frankfurt Stock Exchange in September - One of the global leading down processors and producer of down textiles, down beddings and duvets 01.09.2014 / 14:12 --------------------------------------------------------------------- Intention to Float - IPO - Snowbird AG plans IPO in the Prime Standard on Frankfurt Stock Exchange in September - One of the global leading down processors and producer of down textiles, down beddings and duvets - Fiscal year 2013: revenue 136.9m euro, gross profit 53.0m euro, net profit 28.3m euroMunich, 01.09.2014: The Snowbird group is a global leading Chinese down processor for high quality down and manufacturer of down clothing and down bedding products. The Initial Public Offering (IPO) of the Snowbird AG, the German holding company, is scheduled to take place in September 2014 on the Prime Standard of the Frankfurt Stock Exchange. Growth story in an expanding market Currently China supplies some 75% of the world's raw and processed down exports. With revenue of 136,9m euro in 2013, a net profit of 28.3m euro and a stable gross profit margin of ca. 40% over the last three years, the Snowbird group is highly profitable and operates in constantly growing markets. Snowbird is currently preparing the next steps in its growth strategy by expanding production facilities. The new facilities are equipped with state of the art technology and infrastructure, including down separating towers for the processing of the down, an own cloth manufacturing facility and a wastewater treatment facility. It is one of the world's largest down processing site and enables Snowbird to produce up to 4,130 tons of high quality down per year. Additionally with the new sewing plant that is expected to start operations in Q4/2014, production capacity jumps from 1.9 million today to 8.1 million pieces per year. Highly profitable business model Snowbird operates along the value chain and processes high quality down which is manufactured inhouse. The historical financial figures show a strong growth in revenue and profit. The CAGRs (compound annual growth rates) for the last three years reached 66.9% for revenues and 54.5% for gross profits respectively, while net profits' CAGR stood at 60.7%. The own R&D department of the Snowbird group steadily improves the operations, with the aim of making them as efficient and profitable as possible. Independent certificates from German and international institutions proof that Snowbird produces class I, 100% down quality. Experienced management The management board members of the Snowbird AG have several decades of experience in the down industry and financial industry. They contribute to the claim to produce high quality down in a sustainable and environmental friendly way. Changzai Yan (59) is the founder, chairman and managing director (CEO) of Snowbird. He was formerly head of state purchasing in Henan province with a population of some 120 million people. Mr. Yan has 20 years of experience in the down industry. Douxiang Qiu (59) is the Chief Operating Officer (COO) and responsible for research and development. He is a world-leading expert in down production and down qualities with almost three decades of experience. He has been with the Snowbird group since 1998. Kok Weng Lam (44) is the Chief Financial Officer (CFO). He previously was an auditor for Deloitte Touche Tomatsu and Ernst & Young, worked for different companies in Singapore and China and joined Snowbird in November 2013. Qualified supervisory board The international supervisory board brings together highly experienced members with substantial financial and operational background in the down and fashion industry. Viona Brandt (44) is the chairwoman of the supervisory board. She formerly was a director of investor relations at EM.TV and head of investor relations at Escada, Willy Bogner and Tom Tailor. She has extensive experience in financial communications and operates her own IR/PR company. Xiaoman Yao (59) is the deputy chairwoman of the supervisory board. Additionally she is the chairwoman of the China Feather and Down Industrial Association. She worked in the Light Industry Department of China from 1982 to 1994. Thomas Bieri (44) is member of the supervisory board and has more than 15 years experience in capital markets and finance. Since 2013 he is Managing Partner of Acxit Capital Management AG, Switzerland. Huge market potential The Chinese market is experiencing a steadily increasing demand for down products, especially for down bedding. As less than 1% of the Chinese population has down bedding, the potential for increasing demand is huge. With the opening of the new markets outside of China, Snowbird is broadening its customer base and scaling its existing business. The Initial Public Offering Due to the IPO freeze approximately 800 Chinese companies are waiting for permission to go public in China. Facing this bottleneck situation Snowbird decided to do the IPO in Frankfurt, which is considered to be the most efficient. This brings together the best out of two worlds: a highly profitable growing company from the designated world leading economy with XETRA, the leading global trading platform. With the planned Initial Public Offering in the Prime Standard on the Frankfurt Stock Exchange, Snowbird is setting the next steps for its expansion strategy within China and towards Europe. Munich based CM-Equity AG will act as the Global Coordinator and Leadmanager. The offer of the Snowbird shares will be made on the basis of a prospectus, which will be published after its approval by the German Federal Financial Supervisory Authority (BaFin). As soon as the approval has been received, Snowbird will disclose additional information about the book-building process and the conditions of the offering and the corporate website will go online providing detailed information about Snowbird and the IPO. Press Conference On this occasion Snowbird intends to invite the press for a breakfast with the Snowbird management on Monday, 8 September 2014 at 09:00am CET at The Charles Hotel, Sophienstraße 28, 80333 Munich. To get a first impression on Snowbird, please have a look at the company's three minutes video by visiting: http://youtu.be/53V5dEWIk10Snowbird AG - one of the largest down processing companies worldwide Snowbird is one of the world leading down processors and known for high quality down-filled textiles and for down bed 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. Snowbird operates very profitable along the value chain from down processing to down clothing and down bedding production. IPO / 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 IMPORTANT NOTE - Disclaimer This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Snowbird AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). Furthermore, the shares may not be offered or sold in Japan or to or for the account or benefit of Japanese citizens. No offer or sale of transferable securities is being made to the public outside Germany and Luxembourg. The offer in Germany and Luxembourg will be made exclusively by means of and on the basis of a prospectus to be published and presumably from 8 September 2014 onwards made available free of charge at CM-Equity AG, Munich. --------------------------------------------------------------------- 01.09.2014 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Snowbird AG Ferdinandstraße 25 20095 Hamburg Germany ISIN: DE000A1PHEL8 WKN: A1PHEL End of News DGAP News-Service --------------------------------------------------------------------- 284993 01.09.2014


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Source: DGAP Corporate News


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