Xin Rui Ke (China) AG: New majority shareholder intends to restructure the business model - Resignation of Xiao YuChang

November 06, 2017 at 09:20 am EST

DGAP-Ad-hoc: Xin Rui Ke (China) AG / Key word(s): Strategic Company Decision/Change of Personnel
Xin Rui Ke (China) AG: New majority shareholder intends to restructure the business model - Resignation of Xiao YuChang

06-Nov-2017 / 15:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
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New majority shareholder intends to restructure the business model
Resignation of Xiao YuChang

Hamburg, 6 November 2017: After having acquired the majority of the shares in Xin Rui Ke (China) AG (Frankfurt: C9R, ISIN: DE000A1X3YJ1) from Mr. Xiao YuChang and now holding 69.57 percent of the company's entire shareholders' equity, Mr. Yu HongQiang (57), member of the Management Board of Xin Rui Ke (China) AG, now intends to totally restructure the business activities within the Xin Rui Ke Group, which includes changing the business purpose to a fast-growing coffee company.

As a consequence of his exit, Mr. Xiao YuChang has now also resigned from his position as member of the management board of the company.

Contact:    Yu HongQiang,
                   Member of the Management Board of Xin Rui Ke (China) AG
                   c/o HRG, Glockengießerwall 3, D-20095 Hamburg

06-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Xin Rui Ke (China) AG
	c/o HRG Hansische Revisions-Gesellschaft mbH, Wirtschaftsprüfungsges., Ferdinandstraße 25
	20095 Hamburg
	Germany
ISIN:	DE000A1X3YJ1
WKN:	A1X3YJ
Listed:	Regulated Unofficial Market in Dusseldorf; Open Market (Basic Board) in Frankfurt