Munich, 24 August 2012. KINGHERO AG, the German holding company of a fast-growing Chinese fashion company, hereby announces that Ms Xiaoping Zhao-Moll resigns from her offices as member of the Management Board of KINGHERO AG by mutual agreement with the Supervisory Board of the Company with effect from 24 August 2012.

After having accompanied the successful IPO of KINGHERO and after establishing the company in the international capital market, Xiaoping Zhao-Moll now plans to take on new professional challenges.

"We respect Ms Zhao-Moll's decision and want to thank her for her long lasting support to the Company. We wish her all the best for her future. We will announce her successor as soon as possible", states Gerrit Kaufhold, Chairman of the Supervisory Board of KINGHERO.

About KINGHERO AG

KINGHERO AG is the German Holding Company of the KINGHERO Group of companies, mainly active in the Peoples Republic of China (PRC). The Group is a strongly growing apparel manufacturer and designer, featuring a leading Chinese fashion brand for the strongly growing urban middle class in China. The key to the Company's success is a high fashion degree with a European "touch and feel" as well as an upscale quality. The high speed of the design and marketing of new collections ensures a fit to the changing demands of the growing urban middle class in China. Being in this business for more than 25 years, the group and its more than 1,000 employees produce attire for all seasons under the KINGHERO brand. The product portfolio includes suits, jackets, shirts, pants and sweaters for men and women and is divided into a business casual range and a general casual range.

distributed by