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)

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

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
mail:     office@facc.com
WWW:      www.facc.com
sector:      Industrial Components
ISIN:        AT00000FACC2
stockmarkets: Regulated free trade: Wien 
language:   English



Original-Content von: FACC AG, übermittelt durch news aktuell

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