Decheng Technology AG, DE000A1YDDM9

Decheng Technology AG, DE000A1YDDM9

17.11.2016 - 09:38:17

Decheng Technology AG: New research co-operation with Chinese Academy of Sciences

CORPORATE NEWS November 17, 2016

Decheng Technology AG: New research co-operation with Chinese Academy of Sciences

- R&D co-operation agreement signed with Haixi Institute of Chinese Academy of Sciences

- Development of halogen free flame retardant phosphorus polyester polyols

- Demand for safer PU products likely to grow

- Company presentation at the German Equity Forum in Frankfurt on November 21, 2016

Cologne, November 17, 2016. Decheng Technology AG (ISIN: DE000A1YDDM9; German Securities Identification Number (WKN): A1YDDM; ticker symbol: 333), announced that a research and development agreement has been signed between its subsidiary Quanzhou Decheng Tech Resin Co., Ltd, Quangang, Fujian Province, PRC, and the Haixi Institute of Chinese Academy of Sciences (Fujian Material Structure Institute).

The co-operation involves the development of halogen free flame retardant phosphorus polyester polyols and has a duration of three years. The polyols offer a range of benefits such as thermal stability and flame retardancy and are free from hazardous halogen emission. These safer polyols are used to enhance - amongst others - the properties of textiles, synthetic leathers and cushioning materials. China's ongoing urbanization, a growing GDP and the shift towards a more consumption-driven economy are likely to boost demand for safer products in the near future thus offering a growth market for the Company to enter.

Xiaofang Zhu, CEO of Decheng: "Research and development is at the core of our Company's DNA. We are driven by innovation and our passion to produce the best product for our customers. In order to stay ahead of the competition, we co-operate with universities and research institutions. We are thus happy that an agreement with the renowned Haixi Institute has been reached and are confident that we will be able to produce new innovative products based on this research in the future."

The Company will participate in the German Equity Forum (www.eigenkapitalforum.com) in Frankfurt from November 21 to November 23 and will hold a presentation on November 21 at 5.00 pm in room Zurich.

About Decheng Technology AG Decheng Technology AG is occupied with the research, development and the production of polyurethane resin and additives that enhance and improve the product features of textiles and leather. The production site is located in Quangang, Fujian Province, People's Republic of China. In fiscal year 2015, the Company achieved sales of EUR 68.8 million, a net profit (after tax) of EUR 17.9 million and employed 123 persons. The shares of Decheng Technology AG are listed in the General Standard Segment of the Frankfurt Stock Exchange.

Contact: VPC Group Frankfurt Branch Bleichstr. 64-66 60313 Frankfurt Germany +49 69 175371963 ir@dechengtechnology.com

17.11.2016 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. Archive at www.dgap.de

Language: English Company: Decheng Technology AG Martin-Luther-Platz 26 40212 Düsseldorf Germany Phone: +49 (0)211-78179033 E-mail: contact@dechengtechnology.com Internet: www.dechengtechnology.com ISIN: DE000A1YDDM9 WKN: A1YDDM Listed: Regulated Market in Frankfurt (General Standard) End of News DGAP News Service

521787 17.11.2016

@ dgap.de

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