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Public disclosure of inside information pursuant to Article 17 MAR

Vtion signs Framework Agreement with China Unicom to provide 500,000 3G Wireless Data Cards

Frankfurt, 8. February 2010

The Vtion Group, one of the leading suppliers of wireless data solutions for mobile computer use in China, has signed after the early-year bidding process an agreement with China Unicom to provide 500,000 3G wireless data cards over the first several months of 2010 to support the China Unicom's WCDMA network rollout. This represents the largest single order that China Unicom has issued for 3G cards since it began operating its WCDMA network.

The agreed average selling price is 340 RMB per 3G wireless data card resulting into a sales volume of approx. Euro 17 million. Despite the price decrease in comparison to the average price 2009, the gross margin of the sale is not significantly affected, as the company was also able to reduce costs due to economies of scale. This framework agreement with China Unicom headquarters continues to position Vtion as a key strategic partner and major supplier to China Unicom through China over the course of the year as China Unicom begins major development of the WCDMA 3G wireless network across China.

 

Additional information:

ISIN: DE000CHEN993
Securities Identification No. (WKN) CHEN99
Listing: Regulated Market / Prime Standard at Frankfurt Stock Exchange
Registered office of the company: Germany

 

Investor Relations

Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 0, baden@kirchhoff.de
Janina Wismar, tel.: +49 40 60 91 86 50, janina.wismar@kirchhoff.de

 

Disclaimer concerning forward-looking statements

Certain statements in this communication contain formulations or terms referring to the future or future developments, as well as negations of such formulations or terms, or similar terminology. These are described as forward-looking statements. In addition, all information in this communication regarding planned or future results of business segments, financial classification numbers, developments of the financial situation, or other financial or statistical data contains such forward-looking statements. The company cautions prospective investors not to rely on such forward-looking statements as certain prognoses of actual future events and developments. The company is neither responsible nor liable for these forward-looking statements. It is not responsible for updating such information, which only represents the state of affairs on the day of publication.

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