After having started the preliminary audit, CSG’s auditor Warth & Klein Grant Thornton AG requested various additional information and evidences regarding the financial figures 2013 from the company.Amongst others, documents from third parties such as customers or distributors of CSG are outstanding. Due to local common business practices the company has a limited influence on receiving the complete set of required documents. CSG fully cooperates with the auditors and tries to meet the requirements by providing alternative solutions. Until now no agreement with Warth & Klein Grant Thornton AG could be reached, but CSG will continue the discussion with the auditor. Under the current circumstances CSG will not be able to publish its annual report for the financial year 2013 as planned on April 30, 2014. Consequently also the Q1 report 2014 will be delayed.
The new dates for publication of the Annual Report 2013 and the interim reports 2014 will be provided as soon as a reliable timelines can be confirmed.
– End of the ad-hoc-release –
China Specialty Glass AG is the German holding company of the China Specialty Glass Group. The Group develops, produces and sells specialty glass. The Group's main products, which are all sold under the brand name “Hing Wah”, are, on the one hand, for safety glasses such as bullet-proof, bomb-proof and burglar-resistant glasses and, on the other hand, for constructional glasses including laminated, tempered and fire-resistant glasses, hollow glass blocks and electrically-controlled colour-changing glass. The Group is one of the leading companies in China in the fields of safety glass for banks and the automobile industry, both in terms of production output and market share.
The shares of China Specialty Glass AG are listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN DE000A1EL8Y8 / SIN A1EL8Y / Ticker 8GS).