EANS-Adhoc: Sunways AG / Reorganization at Board level

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Board of Directors (Appointments and Changes)/Company Information
07.03.2013

Konstanz, 07 March 2013 - Management Board and Supervisory Board of
Sunways AG (SWW:GR, SWWG.DE, ISIN DE0007332207) today decided on
organizational changes and enhancements. These decisions were made
against the background of the current developments on international
photovoltaic markets, to further accelerate the turnaround of
Sunways, for a closer integration of its business with the rest of
the LDK Solar Group, and in view of the potential European Commission
antidumping action on solar modules.

Mr. Mario Zen, the Chairman of the Management Board of Sunways AG,
has resigned from the Management Board with immediate effect. Mr. Zen
will remain at Sunways as Vice President of Restructuring fully
dedicated and focused on the following strategic tasks: to head the
restructuring of the Company and its business, to reach constructive
settlements with creditors and other stakeholders of Sunways, and to
develop the new European and international business with Sunways
solar inverters and Sunways solar modules made in the European Union
and the People's Republic of China together with Mr. Jürgen Frei.

Jürgen Frei, Member of the Management Board of Sunways AG also has
resigned from the Board with immediate effect. Jürgen Frei will stay
with Sunways as Vice President of Sales and Marketing to further
develop, together with Mario Zen, the new European and international
business with Sunways solar inverters and Sunways solar modules made
in the EU and in China.

The Supervisory Board of Sunways AG has appointed, with immediate
effect, Mr. Hoong Khoeng Cheong (currently LDK Solar Co., Ltd.) as
new Chairman of the Management Board of Sunways AG and Mr. Steve
Huiyuan Zha (currently LDK Solar Co., Ltd.) as Member of the
Management Board and Vice President in charge of Finance.

A citizen of Malaysia, Mr. Cheong holds a Bachelor of Science degree
in Mechanical Engineering from the University of Louisiana, USA, and
a Master of Science degree in Computer Integrated Manufacturing from
Nanyang Technology University, Singapore. With more than 20 years of
engineering and operation experience in the solar and electronics
industries, Mr. Cheong served as Vice President of Engineering of an
affiliate of Flextronics International Ltd. and General Manager of
Solar Power Inc. Mr. Cheong joined LDK Solar Co., Ltd. in 2011 as
Vice General Manager of the LDK solar modules business unit.

A citizen of the People's Republic of China, Mr. Steve Huiyuan, Zha
holds a Bachelor of Science degree in Economics from Peking
University, China, and a Master of Business Administration from the
Berlin University of Applied Sciences, Germany. With over 15 years of
experience and managerial positions in the fields of marketing,
strategic planning, business consulting, import & export insurance as
well as treasury management for companies located in both China and
Germany, Mr. Zha joined LDK Solar Co., Ltd. in 2011 as Director of
Treasury of the LDK Solar Group.

Further inquiry note:
Dr. Harald F. Schäfer
Head Corporate Communications and Investor Relations
Tel.: +49 (0)7531 996 77-415
E-Mail: communications@sunways.de

end of announcement euro adhoc
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issuer: Sunways AG
Max-Stromeyer-Str. 160
D-78467 Konstanz
phone: +49 (0)7531 99677 0
FAX: +49 (0)7531 99677 10
mail: info@sunways.de
WWW: http://www.sunways.eu
sector: Alternative energy
ISIN: DE0007332207
indexes: CDAX, Technology All Share, General All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/general standard: Frankfurt
language: English