Ultrasonic AG Intends an Equity Buyback

Ultrasonic AG is a Germany-based holding company of the Chinese Ultrasonic-Group and is principally engaged in the design, production and sale of shoe soles, sandals, slippers, urban footwear and accessories for the upper price segment. The Company's operational facilities are located in the Shanqian Industrial Area, Yonghe Town, Jinjiang City and Xiamen, Fujian Province, People's Republic of China (PRC). It operates four business segments: Shoe Soles; Slippers; Urban Footwear, and Accessories. The Shoe Soles business segment produces all kind of shoe sole products. The Slippers business segment produces all kinds of slippers and sandals. The Urban Footwear business segment produces urban footwear and markets its products to People's Republic of China (PRC). The Accessories business segment provides accessories under Ultrasonic brand to the PRC Distributors.