03.02.2016

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

Board of Directors (Appointments and Changes)

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 board.

Further inquiry note:
Investor Relations:
Manual Taverne
Director Investor Relations
Mobil: 0664/801192819
E-Mail: m.taverne@facc.com

Contact

Andreas Perotti
Director Marketing & Communications
Tel.: +43/59/616-1142
Cell: +43/664/ 80 119 1142
E-Mail: a.perotti@facc.com

About FACC

FACC is a worldwide leading aerospace company in design, development and production of aerospace technologies and advanced aircraft lightweight systems. Being the technology partner of all major manufacturers, FACC works together with its customers on developing solutions for the mobility of the future. Every second, there is an aircraft taking off with FACC technology on board. In the fiscal year 2022, FACC achieved 607 million Euro in revenues. Approximately 3,500 people from over 45 nations are employed at 15 international locations worldwide, with around 3,000 of them based in Austria. The company is listed on the Vienna Stock Exchange. For more information please visit facc.com.