Over 250 guests attended the event, including Gu Jie, Chairman and President of Jiebao King, Nicholas Roberts, Director of Business Development, Chris Dai, Country Manager of Gunnebo China, and representatives from the government, the security industry association, the media and sub-dealers from all over China.

The meeting started with an official ceremony between Jiebao King and Gunnebo China, which was followed by speeches from VIP guests, a product presentation, a demonstration of burglary-resistance and finally product training. The guests showed great interest in Chubbsafes products, and the demonstration displayed how Chubbsafes offers a security level a lot higher than the mainstream safes on the Chinese market. The guests were confident in Chubbsafes’ potential and expressed the intent to promote Chubbsafes products to the market.

“After 20 years’ development, Jiebao King has now become a leading company in the China safe industry. It will be win-win cooperation between Jiebao King and Gunnebo. “We believe, through effectively integrating the resources of both parties, we can fully utilize our advantages in the physical security market and meet the requirements from different customers. It will bring business success to both companies, and take Jiebao King to a new level,” said Gu Jie, Chairman and President of Jiebao King.

“China has become an important security market in the world. As a company with a more than 200-year history in the security industry, Gunnebo would like to introduce its expertise and experience to the Chinese market, serve its customers and create added value for them. Chubbsafes, founded in 1818, is one of the most well-known safe brands in the world and has witnessed the development and evolution of the worldwide safe industry. It is our honour to announce the partnership with Jiebao King and I believe it is a very good start to launching Chubbsafes into China. With the nationwide channels of Jiebao King, we can provide European graded safes to Chinese customers and fulfill the requirements of the high to premium market segment. We believe the launch will also elevate the safe industry in China,” said Chris Dai, Country Manager of Gunnebo China.

Gunnebo China has received its first order from Jiebao King worth KEUR 100. The products will be distributed to shops in July 2012. All the safes being launched in China have passed the CCC certification B2 level (EN 1143-1 Grade I & II ), B3 level (EN 1143-1 Grade III, IV, V) or A2 level (EN 14450 S2).

Düsseldorf, 29 September 2011. Droege Capital GmbH, a subsidiary of the Düsseldorf-based and family-owned company Droege International Group AG, incorporated its Format Tresorbau participation into Dutech, which is listed on the Singapore stock exchange and whose major shareholder is the well-known family Liu. Droege Group is now a substantial shareholder of the listed company and receives two seats on the Board of Directors. Walter P. J. Droege and Christoph Hartmann will sit on the board. Dutech is the holding company of Shanghai-based Tri Star Group.

Following approval the merger was completed on 29 September 2011. Upon the conclusion of the transaction Format Tresorbau entered into a strategic partnership with Tri Star Group, the leading high security products manufacturer in Asia. Both corporations join forces to pursue the following goals:

• Expand global customer service
• Expand production sites world-wide
• Leverage economies of scale in purchasing and development
• Tap additional potential in new markets

Walter P. J. Droege stated that the association with Tri Star represented an essential step in the regional diversification of Droege International Group AG (Advisory & Capital) in the Asian growth region. “The close collaboration with our Chinese partners will allow us to enhance our position in an important growth market.”

About Dutech

Dutech Holdings Limited (Dutech) is a Singapore-based investment holding company. The Company and its subsidiaries is engaged in manufacturing of high security products. Its UL- and CEN-certified products include automated teller machine (ATM) safes, banking safes, commercial safes and cash handling systems. It also designs and manufactures precision engineering products for semiconductor and automotive industries. Dutech operates in two segments: High Security Products and Semiconductors. High Security Products is engaged in designing and manufacturing of ATM safes, fire-resistant commercial safes and safes for storage of weapons. The Semiconductors segment is engaged in designing and manufacturing of semi-conductor instruments and parts and precision machining parts. Its subsidiaries include Tri Star Technology Co. Ltd, Jiangsu Tri Star Technology Co., Ltd and Tri Star GmbH. On October 1, 2011, it acquired Format Tresorbau Beteiligungs-GmbH and its subsidiaries (Format Group).