DGAP-News: Decheng Technology AG

CORPORATE NEWS November 20, 2017

Decheng Technology AG: In-depth talks about the market potential of the new RFID material

- Nanjing Advanced Magnetic Material Co Ltd executives visited Decheng's production site to discuss delivery schedule of magnetic absorption material

- Both sides confident about market potential

Cologne, November 20, 2017. Decheng Technology AG (ISIN: DE000A1YDDM9; German Securities Identification Number (WKN): A1YDDM; ticker symbol: 333), a Chinese manufacturer of polyurethane resin and additives, announces that on November 10, 2017, Nanjing Advanced Magnetic Material Co Ltd's General Manager, Mr WANG Peng and Deputy General Manager, Mr JIANG Lihua, have visited Decheng Group and had in-depth talks with Decheng's COO Mr ZHU Xiaohua and the R&D team with regard to the current progress of production of the magnetic absorption material and its delivery schedule. The discussions also covered both product development and market analysis for 2018.

Wide area of application for new material
After discussions, both sides are confident with the future of the newly developed magnetic absorption material. This material forms a part of Nanjing Advanced Material Co Ltd's magnetic absorption films that are widely used in NFC antennae in mobile phones (such as Shenzhen Fan Xuan Electronics) and RFID tagging and is used in a variety of applications.

The magnetic absorption films are also used in wireless charging devices and other household appliances. They have passed Apple's supply chain testing and are used in Oppo mobile phones. Business relationships have been built with Cotai Electronics, PANDA Electronics, TRULY, BOE, Talent Group and other companies with the purpose to supply the magnetic films.

About Decheng Technology AG
Decheng Technology AG is occupied with the research, development and the production of polyurethane resin and additives that enhance and improve the product features of textiles, leather and electronic components. The production site is located in Quangang, Quanzhou City, Fujian Province, People's Republic of China. In fiscal year 2016, the Company achieved sales of EUR 75.8 million, an operating result of EUR 25.4 million and employed 119 persons. The shares of Decheng Technology AG are listed in the General Standard Segment of the Frankfurt Stock Exchange.