EANS-News: Sunways AG / General meeting supports the Company´s further development

- Shareholders approve retention of earnings, welcome the decision to
expand the corporate object and authorize the repurchase of shares
-
Successful business development of the year 2009 continues in the 1st
quarter 2010
- Profitable growth of the Group expected in 2010

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Annual & Special Corporate Meetings/Company Information

Subtitle: - Shareholders approve retention of earnings, welcome the
decision to expand the corporate object and authorize the repurchase
of shares - Successful business development of the year 2009
continues in the 1st quarter 2010 - Profitable growth of the Group
expected in 2010

Konstanz (euro adhoc) - Konstanz, 17 June 2010 - At the annual
generating meeting held today in Singen, the shareholders of Sunways
AG (FWB: SWW; ISIN DE0007332207) passed various important resolutions
with respect to the further development of the Company. All of the
eleven items on the agenda were approved by a great majority. Three
resolutions will increase Sunways AG´s strategic flexibility in the
future: shareholders voted in favor of retaining the earnings of the
fiscal year 2009, expanding the corporate object as well as of a
contingent resolution on the acquisition of up to 10 % of the
Company´s own shares.

In his speech, Michael Wilhelm, the Chairman of the management board
of Sunways AG, explained to shareholders the business development in
the challenging fiscal year 2009 as well as in the 1st quarter of
2010, specifying the most important goals and factors for the
Company´s successful development in the future:

- profitable growth in the fiscal year 2010 - focus on core
competences, positioning the Company as a technology and quality
leader - development of new, innovative business segments

"Thanks to the strategic realignment started in 2008, the Company is
well prepared for the future", said Michael Wilhelm in his speech.
First successes have already become apparent in the fiscal year 2009
despite the difficult environment: in the fiscal year 2009, Sunways
AG generated sales from continuing operations - excluding the
subsidiary MHH Solartechnik GmbH sold as of 31 December 2009 - in
the amount of EUR 177.5 million. This corresponds to a more than 20 %
rise against 2008. The operating result (EBIT) in the fiscal year
2009 increased by EUR 6.3 million to EUR -0.5 million (2008: EUR -6.8
million). Mainly due to the sale of MHH Solartechnik, net income in
2009 amounted to EUR 16.9 million (2008: EUR -1.9 million) or EUR
1.46 per Sunways share (2008: EUR -0.17).

2010: Satisfactory business development and good prospects In the 1st
quarter 2010, Sunways AG achieved a marked rise in sales, operating
results (EBIT) and sales volumes across all product segments.
Compared to the 1st quarter 2009, sales increased by 52 % to EUR 44.3
million, EBIT rose by EUR 10 million to EUR 4.7 million and net
income reached EUR 2.1 million (Q1/2009: EUR -4.3 million). "We
intend to continue and further expand this positive development",
said Michael Wilhelm. "At the same time, we want to further
consolidate our position as technology and quality leader in
photovoltaics". In addition to expanding its core competences in
solar cells, solar modules and solar inverters as well as to
extending its distribution activities in Germany and abroad, Sunways
AG aims to enhance its competences in the project and consultancy
areas as well as to develop additional, innovative business segments.

Sunways AG still expects that the domestic demand for photovoltaic
components will continue to be brisk in the fiscal year 2010 and
anticipates a further upturn in international business. An expansion
of the inverter business will continue to be restricted by the
currently prevailing significant supply bottleneck in the world
market with respect to inverters components. Apart from this, Sunways
AG aims to double the sales volume of solar modules in the entire
fiscal year 2010 and expects a profitable growth on a consolidated
basis in the domestic and international markets.

2010 financial calendar
13 August 2010 - Interim report as of 30 June 2010
12 November 2010 - Interim report as of 30 September 2010

This press release (together with pictures) is also available on
www.sunways.eu/de.

Forward-looking statements This press release contains statements
relating to the future business development of Sunways AG that are
based on management assumptions and estimates made at the time of
publication. Should the assumptions underlying the prognoses fail to
be fulfilled, actual events may vary substantially from
forward-looking statements. Uncertainties include changes in the
political, legal, economic and business environment, exchange and
interest rate fluctuations as well as the behaviour of competitors
and other market participants. Sunways does not intend and is not
under any obligation to update forward-looking statements on an
ongoing basis as these are exclusively based on the circumstances
prevailing as of the date of publication.

About Sunways Sunways AG, Konstanz/Germany, stands for consistent use
of solar energy to secure long-term energy supply of man in an
efficient and sustainable manner. Sunways offers technological
competence, performance and highest quality - from single components
to complete solar systems.Since its foundation in 1993, Sunways AG
evolved into a technology leader in the photovoltaics industry
serving international markets. With silicon-based solar cells,
inverters, solar modules and solar systems, the company offers all
components required for high-yield photovoltaic power generation.
With photovoltaic solutions tailored to customers´ needs (transparent
and coloured solar cells, building- integrated photovoltaic
installations), Sunways turns exceptional ideas into reality. Sunways
Production GmbH in Arnstadt/Germany is a subsidiary of Sunways AG; in
addition, the group has own branch offices in Barcelone/Spain and
Bologna/Italy. In 2009, Sunways AG with about 320 employees realised
sales of about EUR 180 million. The shares of Sunways AG are listed
at the Frankfurt Stock Exchange (SWW, ISIN DE0007332207). For further
information, please visit www.sunways.eu/de.

end of announcement euro adhoc
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ots Originaltext: Sunways AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Harald F. Schaefer

Head Corporate Communications & Investor Relations

Tel.: +49 (0)7531 996 77-415

E-Mail: communications@sunways.de

Branche: Alternative energy
ISIN: DE0007332207
WKN: 733220
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade