Frankfurt, 07. August 2015

Frankfurt am Main, August 07, 2015 - Today, the Management Board of Haikui Seafood AG decided with the approval of the Supervisory Board to shortly submit an application to the Frankfurt Stock Exchange for the revocation of the admission of the Company's shares to trading on the regulated market (Prime Standard) (the "Delisting"). The Delisting is expected to take effect six months after publication of the revocation of the admission by the Frankfurt Stock Exchange.

The Management Board's and Supervisory Board's decisions are based on the assessment that due to the very small free float of the Company of just about 10 per cent, the low trading volumes and the poor valuation of Haikui's shares on the stock exchange, which would not enable the Company to carry out any substantial capital increases at acceptable valuations in the foreseeable future, the benefit of Haikui Seafood AG's stock market listing no longer justifies the associated expenses.

As compensation to the shareholders for the Delisting, the Company intends to carry out a share buyback in the Company's shares amounting up to 10 per cent of the Company's share capital (the "Share Buyback") before the Delisting becomes effective. The Share Buyback will be effected by way of a voluntary public share buyback tender offer for the acquisition of up to 1,027,600 non-par value bearer shares in the Company (ISIN DE000A1JH3F9 / WKN A1JH3F).

The offer period will start on August 10, 2015 and will end on September 15, 2015 at 24:00 p.m. The offer price for the Share Buyback will be EUR 1.91, amounting to a premium of approximately 20 per cent above the average Xetra closing auction price at the Frankfurt Stock Exchange during the tenth until the fourth stock exchange trading day before the publication of the offer document. Further details about the planned Share Buyback can be found in the Share Buyback offer document, which will be available for download shortly in the German Federal Gazette and on the Company's website 
www.haikui-seafood.com under the following link:

http://www.haikui-seafood.com/en/investor-relations/share-buyback/


About Haikui Seafood AG
Haikui Seafood processes fish and seafood for the Chinese and international markets. Its products range includes frozen or canned fish and seafood, produced from a large variety of species of raw fish and seafood, including prawn, crab, various fish species and shellfish as well as cephalopods. Clients of Haikui Seafood are distributors in China and overseas, located mainly in Asia, the U.S. and Europe. Haikui Seafood employs 657 permanent employees and 755 additional temporary workers as of March 31, 2015. The company has an annual processing capacity of more than 34,000 tonnes (output). The processing facilities are located in the South-East of China on Dongshan Island, Zhangzhou, Fujian Province. Haikui Seafood operates a streamlined supply chain including self-owned processing facilities, in-house research and product development capacities as well as warehousing and cold storage facilities while simultaneously cooperating closely with raw goods suppliers.

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