VIA Optronics to voluntarily delist its ADSs from the NYSE

VIA optronics announced its intention to voluntarily delist its American Depository Shares, or ADSs, from the NYSE and terminate its registration with the SEC. The Company today notified the NYSE of its intent to voluntarily delist its ADSs from the NYSE, pursuant to a resolution adopted by its Supervisory Board today. The Company believes that delisting and deregistration of the ADSs from the U.S. public markets will be more economical for the Company, taking into account the low liquidity of its ADSs and the high costs of maintaining the NYSE listing and SEC registration on an annual basis. The Company further believes that delisting and deregistration, and consequently the suspension of its SEC reporting obligations, will allow the Company to allocate resources more efficiently to execute its current business strategy by enabling its management and employees to focus more on managing the Company’s businesses and strengthening relationships with customers and business partners.