VANCAMEL AG 
By The listing of VanCamel AG in the Prime Standard of the German stock exchange is scheduled for Friday, October 11th. Due to the high strategic importance for the company as well as the existing free float of just under 20%, VanCamel AG in the current environment has decided to execute its listing as a "safe IPO" without a public offering. The highly profitable and cash rich fashion label is established in China, selling quality men's fashion through 2,200 authorized mono label retail outlets in 26 provinces of the PRC.
Specification of the dividend policy
In connection to the IPO, the Company committed itself to already propose a dividend of at least 15% of consolidated net income from fiscal year 2013 to the General Meeting to be held in 2014. This dividend is to be understood as the basis for the long-term dividend policy of VanCamel.
VanCamel AG is the German holding company of an established and fast growing Chinese fashion label, which employs close to 200 workers in the design, marketing and distribution of own branded apparel, footwear and accessories. VanCamel-products address the young, well-funded urban middle-class, particularly targeting male consumers aged between 25 and 40 primarily residing in tier 2 and tier 3 cities, aspiring after upper middle class fashion styles. The prizewinning design of VanCamel's apparel is made in-house whereas the design of the footwear is outsourced based on the conceptual ideals of VanCamel. The production of both, apparel and footwear, is completely outsourced to local contract manufacturers. VanCamel is an established national brand with a PRC-wide reach. More than 40 regional distributors supply VanCamel's products to more than 2,200 authorized retail outlets in 26 provinces throughout China. Since 2010, VanCamel grew at an average annual growth rate of 21 percent. For fiscal year 2013 VanCamel expects sales of EUR 173 million and a net profit of ca. EUR 34 million.
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