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EANS-Adhoc: FACC AG / Chief Financial Officer Mandate Terminated. Reorganisation of Financial Department



ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this

Board of Directors (Appointments and Changes) 03.02.2016

FACC AG announces that the mandate of Ms. Minfen Gu as chief financial
officer of FACC AG terminates with immediate effect. The Supervisory Board
initiated the search for a successor. To the current state of the forensic and
criminal investigations, the criminal activities which targeted the financial
accounting department were fraudulent actions involving the use of a fake
identity (so-called fake president fraud). FACC's IT infrastructure, data
security, IP rights as well as the operational business of the group are not
affected by the criminal activities. No evidence of malware has been
identified. The management board is fundamentally reorganizing the financial
department and pursuing damages and insurance claims. To assist the management
board in the reorganization of the finance department, the supervisory board
appointed its member, Mr. Yongsheng Wang, on an interim basis to the management


end of announcement euro adhoc

issuer: FACC AG
Fischerstraße 9
A-4910 Ried im Innkreis
phone: +43/59/616-0
FAX: +43/59/616-81000
sector: Industrial Components
stockmarkets: Regulated free trade: Wien
language: English

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