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Balda AG

EANS-Adhoc: Balda AG extends supervisory board

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
Company Information
25.05.2010
Balda AG extends supervisory board
• Shareholders approve proposals of the Board of Directors by the 
clear    majority of nearly 100 percent
• Supervisory board enlarged by three members to six members
• End to lawsuit filed because of negligent advice
• New orders for China and Malaysia
Bad Oeynhausen / Bielefeld, 25 May 2010 - At the 11th general annual 
meeting the shareholders of the specialist in plastics Balda 
consistently approved the proposals of the company´s board of 
directors by a clear majority despite critical voices from 
shareholders. At the annual meeting around 200 shareholders 
represented 40.082 percent of the total capital of Balda AG amounting
to 54.147 million euros. By the clear majority of over 95 percent the
shareholders of the company listed in the SDax segment of the 
Frankfurt Stock Exchange elected three further members into the 
supervisory board of the company on 25 May 2010 in Bielefeld. Chief 
financial officer Rainer Mohr reported on the end of the lawsuit 
filed because of negligent advice. At the end of last week Balda 
agreed on a consistent positive out-of-court settlement. With this 
step a lengthy litigation with the appeals process was avoided. Chief
executive officer Michael Sienkiewicz pointed out the major order by 
a German company of electronic products for Balda Malaysia. The 
delivery would start in mid-July.
By amendment of the company´s statute the annual meeting enlarged the
supervisory body of Balda AG from three to six members. Conditionally
until the end of the annual meeting of 2012 the shareholders newly 
elected the following members to the supervisory board almost 
unanimously: Dr. Michael Naschke, lawyer and partner of the law firm 
van Aubel, Berlin. Furthermore, Yu-Sheng Kai, managing director of 
Time Asia Capital Resources Limited, Hong Kong, with residency in 
Taipei, Taiwan, and Chun-Chen Chen, chairman of TVM Corporation and 
Touch Video Monitor Corporation, Taipei, Taiwan.
In their board of directors´ report chief executive officer Michael 
Sienkiewicz in particular presented Balda´s new strategy with the 
three segments: plastic assemblies in China, electronic products in 
Malaysia and medical technology in Germany. Sienkiewicz showed 
optimism for 2010 and, especially, 2011. Chief financial officer 
Rainer Mohr particularly laid out the opportunities and risks of 
further growth of the Group.
end of ad-hoc-announcement ==========================================
====================================== Company Profile Balda AG The 
Balda Group develops and produces complete plastic assemblies, 
electronic products and products for the medical industry. The 
customers of Balda are leaders in business from the mobile, 
entertainment and electronic communications as well as pharmaceutical
and medical technology markets. The group has an international 
position with product sites in China, Malaysia and Germany. A 
subsidiary in the United States serves North American customers in 
product design and development. As part of a shareholding in a 
leading manufacturer of touch screens in China, Balda participates in
the dynamic touch screen displays market. * * * This ad hoc 
announcement includes “forward-looking statements” which are based on
the current expectations of the management of Balda. They are subject
to risks and uncertainty because they relate to events and depend on 
circumstances that will occur in the future, such as, for example, 
developments in the mobile communications industry, changes in 
technology and the ability to timely and successfully develop new 
products and various other factors. Balda does not undertake any 
obligation to update publicly or revise forward-looking statements 
except to the extent legally required. This ad hoc announcement is 
not an offer of securities for sale or a solicitation of an offer to 
purchase securities in the United States or elsewhere. The shares in 
Balda AG (the "Shares") may not be offered or sold in the United 
States or to or for the account or benefit of U.S. persons (as such 
term is defined in Regulation S under the U.S. Securities Act of 
1933, as amended (the "Securities Act")) unless registered under the 
Securities Act or pursuant to an exemption from such registration. 
The Shares have not been and will not be registered under the 
Securities Act.
end of announcement                               euro adhoc

Further inquiry note:

Clas Röhl
Tel.: +49 (0) 5734 922-2728
croehl@balda.de

Branche: Semiconductors & active components
ISIN: DE0005215107
WKN: 521510
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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